Registration and Licensure Flashcards
1
Q
What is registration?
A
The process of submitting information to the DBPR that is entered into the Department’s records
2
Q
What information is indicated on a real estate license? (3)
A
- licensee name
- issue date
- expiration date
3
Q
The real estate license serves as _____ _____ evidence that the licensee holds a current and valid license
A
prima facie
4
Q
What are the real estate services? (8)
A
“A Bar Sale”
- Advertise real estate services
- Buy
- Appraise (non-federally related transactions)
- Rent or provide rental information or lists
- Sell
- Auction
- Lease
- Exchange
5
Q
A real estate license is required for what? (2)
A
- performing any real estate service for compensation
- implied intent to collect compensation, unless specifically exempt
6
Q
What counts as “compensation” in real estate? (2)
A
- compensation includes money in the form of a salary, bonuses, commissions, and gratuities
- compensation is also things of value such as dinner, flowers, wine, gift certificates, and event tickets
7
Q
What is the presumption of acting as a real estate broker?
A
- If a person performs services of real estate for another and a disciplinary case is filed, there is a presumption that the individual acted as a real estate licensee
- the individual may be held liable even if acting for another without being compensated for the services
