Section 2: Becoming a Broker

Question 1

Licensee in good standing in Illinois that has mutual recognition with Florida. What does she have to do?

Answer 1

Pass Florida-specific 40 question exam.

Question 2

Person is getting a sales associate license. What is not a part of the process?

Answer 2

Notarizing her application

Question 3

Agents must have ___ number of years experience to apply for a broker license.

Answer 3

2 years

Question 4

Broker candidates must score ___ on the exam.

Answer 4

75%

Question 5

Broker pre-licensing course is…

Answer 5

72 hours

Question 6

Applicants for a Florida real estate license are required to report if they have ever been ______ a crime.

Answer 6

Convicted or found guilty of.

Question 7

Sales associate applicants must submit _____ for a background check

Answer 7

Fingerprints.

Question 8

Where can someone look at the requirements for a FL Broker License?

Answer 8

DBPR Website

Question 9

How long is the 72 hour pre-licensing course good for?

Answer 9

2 years

Question 10

The broker exam has ___ questions.

Answer 10

100

Question 11

Post-Licensing Education Requirements for Brokers

Answer 11

• Only applies to first renewal period
• 60 hours of FREC approved courses
• Can complete online or in person

Question 12

If you don’t complete post licensure requirements…

Answer 12

License becomes null and void. Have to start over.
Exception for hardship. 4 year degrees get post licensure waived
Can have the license revert back to sales associate

Question 13

Continuing Education requirements are…

Answer 13

• 3 hours of law
• 3 hours of ethics
• 8 hours of specialty courses

Question 14

“I’m exempt from Continuing Education…”

Answer 14

Member in good standing with the Florida Bar.

Question 15

Failure to compete broker continuing education

Answer 15

• License reverts to Sales Associate

Question 16

License expiration dates

Answer 16

March 31 or September 30

Question 17

Renewal Process

Answer 17

• Complete post education requirements
• DBPR notifies you 90 days before renewal deadline
  *Submit a renewal application and the fee

Question 18

If license involuntarily inactive for more than 2 years…

Answer 18

License becomes null and void which means you have to start all over to qualify for a real estate license.
Null and void cannot be reactivated

Question 19

Which business entities can NOT register with the DBPR to be a brokerage?

Answer 19

• Corporation Sole
• Join Venture
• Business Trust
• Cooperative Association

Question 20

Multiple licenses

Answer 20

• Issued to a broker for more than one business entity
• Broker must have separate broker license for each entity
• Sales associates and broker associations cannot hold multiple licenses because they can only register with one employing broker at a time.

Question 21

Group licenses

Answer 21

• issued to broker association who works for owner/developer

Question 22

Eight services of real estate

Answer 22

A BAR SALE
Advertising real estate services
Buying
Appraising
Renting
Selling
Auctioning
Leasing
Exchanging real property for others for compensation

Question 23

Real estate license exemptions

Answer 23

• Selling his own property
• Salaried employees selling own property without commission
• Cemetery lot salespersons
• Person renting lots in mobile home parks