Unit 2 Flashcards
License Law and Qualifications
What law did Florida Legislature pass in 1923?
The real estate license law, chapter 475 of the Florida Statues.
What did Florida create in 1925?
The Florida legislature created the Florida real estate commission to administer and enforce the license law.
The DRE does what and is located under what department?
The DRE provides support services to the commission. The DRE is under the department of Business and Professional Regulation.
Sales Associate
An individual typically begins a real estate career in Florida as a licensed sales associate.
Sales associates and broker associates are employed by and work under the direction and control of a…?
Broker or and Owner-developer.
Fingerprints
Applicants must submit their fingerprints as part of the license application process. An applicant’s fingerprints are scanned and submitted to the Law Enforcement (FDLE) and to the Federal Bureau of Investigation (FBI).
Background Check
Applicants are cautioned to complete the application carefully, particularly with respect to past history concerning felonies, misdemeanors, and traffic offenses.
Nonresident Applicant Requirements
Proof of U.S Citizenship is not required. However, a social security number is required. Applicants do not have to be Florida residents.
Mutual Recognition Agreement
The intent of mutual recognition is to recognize the education and experience of individuals licensed in another state or nation when the other jurisdiction has education and experience requirements comparable to Florida’s requirements.
Florida Resident Defined
For application and licensing purposes, the FREC rules define a Florida Resident as a person who has resided in Florida continuously for a period of four calendar months or more within the preceding year, regardless of whether the person resided in a recreational vehicle, hotel, rental unit, or other temporary permanent location.
Sales associate qualification for licensure:
- 18 years or older
- high school diploma or equivalent
- posses a social security number
- be honest, truthful, trustworthy, of good character
- be competent and qualified to make real estate transactions and conduct negotiations with safety to investors and others.
Education Requirements
Sales associate candidates must successfully complete course 1 or an equivalent FREC approved pre-license course.
Course 1 consist of
60 hours of instruction plus 3 hours for an end-of-course examination. The end of course examination consist of 100 questions worth 1 point each and is usually organized with 45 questions on principles and practices, 45 questions on real estate law, and 10 math questions. A passing score of at least 70 is required on the end of course exam.
Post-License Education
Sales associates are required to successfully complete a prescribed post-licensing education requirement before the first renewal of their licenses.
- Also required to re-qualify.
Continuing Education
After completing the post-licensing education requirement during the initial license period, active and inactive licenses must complete at least 14 hours of continuing education during every two-year license period after that.
