Exam (elaborations)
Gold Coast Real Estate: Chapter 2 (100% verified) graded A+ by experts 2024/2025
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Gold Coast Real Estate: Chapter 2 (100% verified) graded A+ by experts 2024/2025
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1919: - ANSCalifornia enacted the first real estate license law1923: - ANSFlorida enacted first real estate license law. Ineffective because expensive &
time consumption.
1925: - ANSFREC was created to administer & enforce law.
1941: - ANSReal estate license law was designated as chapter 475 of Florida Statutes
1979 & 1982 - ANSFREC was taken out then Reinstated
1988: - ANSFS 475 was going under modification, while postlicensing requirements and a
program for appraisers was created.
1991: - ANSFS 475 Revised by the creation of Part I and Part II. Part I concerning real
estate licenses, Part II concerning appraisers.
1993: - ANSDPBR (Department of Business and Professional Regulation)
1997-2006: - ANSDisclosure requirements were revised and modified repeatedly
Purpose of Florida Real Estate License Law (FS 475) - ANSTo protect the public; it is a
consumer protection agency
DPBR (Department of Business and Professional Regulation) - ANS"the Department:
DRE (Division of Real Estate) - ANS"the Division"
Florida Real Estate Commission - ANS"the Commission"
Statuatory Services of Real Estate - ANSAppraising, Auctioning, Business Brokerage,
Buying, Counseling, Exchanging, Leasing, Listing, Property Management, Advertising
services, Renting (up to 12 months), selling, syndicating, Selling Timeshare units
Qualifications for license: - ANSSocial Security, 18 years of age, HS diploma or equivalent,
Honest, trustworthy, truthful.
Do you have to be Resident of Florida, or US Citizen? - ANSNO
Prelicensing: - ANS1. complete sales associate/broker education and pass exam
2. Submit application for state exam, and payment of fee for license
3. Submit electronic fingerprints
4. Pass state exam
5. Obtain employment, and file employment to activate license
Postlicensing: - ANS1. complete sales associate/broker education and pass exam
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