Real estate license - Broker Requirements

Question 1

What are the requirements to become a broker (2)

Answer 1

• complete Course II & pass the end-of-course exam
• Must have held an active real estate license for at least 24 months during the five-year period preceding application as a broker

Question 2

What is a passing score on the end-of-course exam for a broker?

Answer 2

70%

Question 3

What are the post-licensing requirements to be eligible to apply to be a broker?

Answer 3

45-hour post-licensing course before the initial sales associate’s license expires

Question 4

If a broker applicant received a 4-year degree, are they exempt from Course II?

Answer 4

Yes

Question 5

What are the 3 options for broker experience requirements?

Answer 5

1) Active sales associate working for a FL or out-of-state broker for at least 24 months of the preceding 5 years
2) Active sales associate employed by a government agency for at least 24 months of the preceding 5 years, who is paid a salay and performs duties that require a real estate license
3) active broker in another state for 24 months of the preceding five years

Question 6

What is the broker post-licensing education requirement - how many hours?

Answer 6

60-hour post-licensing course before the first renewal of the license

Question 7

What happens if a broker fails to complete the post-licensing requirements prior to the expiration date?

Answer 7

The broker license becomes null and void (but the broker can revert to a sales associate license if they complete 14 hours of continuing education within six months of the broker license expiration)

Question 8

What does a broker need to do to revert to a sales associate license, if their license expired?

Answer 8

14 hours of continuing education within 6 months of the broker’s license expiring

Question 9

If a broker received a 4-year degree in real estate, are they exempt from the broker post-license requirement?

Answer 9

Yes