Real Estate license law and qualifications for licensure Flashcards
Statute or rule for the executive branch of Florida government
Chapter 20 Florida statue
Statute, or rule.
Real Estate brokers, sales associates, and schools
Chapter 475, part one, Florida statue
Statute, or rule
Department of business and professional regulation, And the professions under the department
Chapter 455, Florida statue
Statute, or rule
Procedural process for all governmental entities authorised under the Florida constitution
Chapter 120, Florida statute
Statute, or rule
Florida Real Estate commission rules
Chapter 61J2, Florida, administrative code
A person who performs Real Estate services for compensation, but he does so, under the direction, control, or management of a broker, or an owner developer
Sales associate
A person who karma for another and for compensation or other consideration performs Real Estate services
Broker
A person who holds the brokers license, but chooses to register and work in Real Estate under the direction of another broker
Broker associate
An unlicensed entity that sells, exchanges, or leases its own property
Owner developer
The practice of mutual exchanges of privileges.
The applicant or licensee must hold a valid license in another state
Reciprocity
Call application and licensing the FREC defines a Florida resident as a person who has resided in Florida, continuously for a period of ___________ calendar months or more. Regardless of whether the person resided in a vehicle, hotel, rental unit or other temporary or permanent location.
Four calendar months
The procedure to recognise the education experience of individuals, licensed in another state or nation, when the other jurisdiction has education, and experience requirements, comparable to Florida’s requirements
Mutual recognition agreements
US citizenship is not required to be com licensed in Real Estate
True or false?
False
True or false?
To be qualified in Real Estate, you must be 18 years of age or older and have a high school diploma or equivalent.
True
True or false?
To be a real estate agent, you must possess a US Social Security number
True
True or false?
To be a real estate agent, you must be honest, trustworthy of good character and possessing a reputation for fair dealing
True
True or false?
To be a Real Estate agent, you must be competent and qualified to make Real Estate transactions and conduct negotiations with safety to investors and others with whom the applicant me undertake a relation of trust and confidence
True
 What is a passing score on the license exam?
75 Or higher?
A legal term used to refer to evidence that is good insufficient on its face, to be excepted by the court, as a fact. Unless it is refuted by evidence, to the contrary.
Prima facie evidence
(drivers, license, passport, Social Security card)
Florida Real Estate license law identifies Real Estate related activities as.
Any Real Estate services that require a Florida Real Estate license
A
B
A
R
S
A
L
E
Advertise Real Estate services
Buy
Appraise
Rent
Sell
Auction
Lease
Exchange
Anything of value or a valuable consideration, directly or indirectly paid call Marc promised, or expected to be paid or received
Compensation
Exemptions from a Real Estate license
1-Owner, exemptions
2-Exemptions based on career (lawyers, CPA, certified appraisers, licensed under chapter 475)
3-salaried, employee exemptions
4-court and legally appointed persons
Executor in a will, power of attorney.
5-miscellaneous exemptions
people who sell Cemetery lots
Dealers who are registered with the SEC selling business enterprises to accredited investor’s
Hotel and motel clerks who rent to transients
Tenants of an apartment community may receive a fee of up to $50 for the referral of a new tenant in the same apartment community
