Section 3 Vocabulary

Question 1

Cease to be in Force

Answer 1

The license will be this whenever a broker changes her or his business address and fails to notify the department of the change. Per Florida Statutes 475.23, the licensee must notify the department of address changes within 10 days after the change.

Question 2

Group License

Answer 2

License for an owner/developer who owns properties through various entities, but all such entities are connected so that such ownership or control is by the same individual or individuals. A sales associate or broker associate may have it in order to sell for all the entities owned by the owner/developer.

Question 3

Multiple License

Answer 3

Issued to a broker who qualifies as the broker for more than one business entity or brokerage. For each business/brokerage that a person is a broker, a separate broker license must be obtained.

Question 4

Null and Void

Answer 4

When a license no longer exists:

• License has been involuntary inactive for more than two years
• Revoked following disciplinary proceedings
• Voluntarily relinquish (does not involve disciplinary action)

Question 5

Voluntarily Inactive

Answer 5

Status specifically by choice and request of the licensee. This would be appropriate for a licensee who would like to retain the license but is not currently working in real estate. When a licensee’s license is inactive, the licensee is still required to pay all renewal fees and complete post license education and/or continuing education and renewal requirements.