Real Estate License Law and Qualifications For Licensure

Question 1

Adjudication Withheld

Answer 1

Where a judge orders some sanctions, but does not formally convict the defendant of a criminal offense, usually granted when a defendant is facing a first misdemeanor or felony conviction.

Question 2

Broker

Answer 2

A person who provides real estate services for another for compensation.

Question 3

Broker Associate

Answer 3

Is qualified to be a broker but who chooses to work as a sales associate under the direction of another broker.

Question 4

Caveat Emptor

Answer 4

“Let the buyer beware”.

Question 5

Compensation

Answer 5

Something of value received for a service performed or as recompense.

Question 6

Florida Resident

Answer 6

Resided in Florida continuously for a period of 4 calendar months or more in the preceding year or presently resides in Florida with the intention to reside continuously in Florida for a period of 4 months or more, beginning on the date that the person began the current period of residence in Florida.

Question 7

License/Registration

Answer 7

A real estate license is granted to an individual and must be renewed every two years after the initial license period. Registration is the process of giving information to the DRE (Division of Real Estate), when real estate is practiced as a business entity rather than as an individual.

Question 8

Nolo Contendere/ No contest

Answer 8

Means “I will not contest,” a plea in a criminal case in which the defendant does not admit or deny charges and by doing so subjects themselves to a conviction as if they were found guilty.

Question 9

Prima Facie Evidence

Answer 9

“At first sight” something that has been proven or assumed to be true unless there is evidence presented to the contrary.

Question 10

Real Estate Services

Answer 10

Services that include but are not limited to the sale, lease or management of real estate.

Question 11

Sales Associate

Answer 11

A licensed person who provides real estate services, for compensation, under the direction, control and management of a real estate broker.

Question 12

Expungement vs. Sealing

Answer 12

Expungement results in the deletion of any record that an arrest or criminal charge ever occurred while a sealed record still “exists” in both a legal and physical sense.