Real estate sale associate pre license course exam prep (GOLD COAST HIGHLIGHTS) Exam Study Guide.
3 views 0 purchase
Course
Gold Coast Real Estate
Institution
Gold Coast Real Estate
Real estate sale associate pre license course
exam prep (GOLD COAST HIGHLIGHTS)
Exam Study Guide.
Farming - answerlicensee concentrate on one type or style of property or on one particular
neighborhood
Farm area or target market - answerFinding and specializing in a particular neighborhood or
...
Real estate sale associate pre license course
exam prep (GOLD COAST HIGHLIGHTS)
Exam Study Guide.
Farming - answer✔licensee concentrate on one type or style of property or on one particular
neighborhood
Farm area or target market - answer✔Finding and specializing in a particular neighborhood or
type of property. Considered to be one of the best ways to succeed in the real estate business
Tract building - answer✔When a developer acquires a large tract of land, records a subdivision
plat map, and uses a model center from which sales may be made
Local level - answer✔Government Regulation:
At the local level, planning and zoning, property taxation, building, and health codes and
regulations, and building moratoriums that affect development, play a significant role in the
cost and desirability of real estate
Purpose of the law - answer✔F.S. 475 to protect the public
Commission or FREC - answer✔Refers to the Florida real estate commission
Department or DBPR - answer✔Refers to the department of business and professional
regulation
Division or DRE - answer✔Refers to the division of real estate
License - answer✔Means any permit, registration, certificate, or license issued by the
department
Licensee - answer✔Refers to any person to whom a permit, registration, certificate or license is
issued by the department
Sales associate - answer✔Must be employed by a real estate broker or owner developer to
practice real estate
*must complete all pre license requirements to obtain their initial license as a sales associate
Broker - answer✔A person who performs services of real estate as an agent for another and
receives compensation for those services either directly or indirectly
A Sales Associate transitioning to a Broker - answer✔Must have been employed under one or
more actively licensed brokers for at least 24 months writhing the last 5 yrs before becoming
eligible to take the state broker examination
Additional applicants who qualify to apply for a brokers license [F.A.C.61J2-2.027(1)(b)] -
answer✔Actively licensed real estate sales associates from another STATE OR NATION who
have been Licensed for at least 24 months during the preceding 5 yrs
Broker Associate - answer✔Someone who is qualified to receive a broker license but chooses
instead to be employed under the direction, control and management of an actively licensed
broker or owner developer.
In this capacity the broker acts as a sales associate NOT as a broker
Florida real estate license requirements - answer✔An applicant for a Florida real estate license
requirements is NOT required to be a resident of the state of Florida, or to be a citizen of the
United States
Florida Mutual recognition - answer✔Florida has entered into "Contractual agreements" with 7
states that recognize the similarity in the content of their mutual education and experience
requirements for real estate licensing.
Alabama
Arkansas
Connecticut
Georgia
Mississippi
Illinois
Nebraska
Form #1 DBPR RE 1
"Have you ever been convicted or found guilty of, or entered a plea of Nolo contendere (no
contest) or guilty to, regardless of adjudication, a crime in any jurisdiction, or are you currently
under criminal investigation?"
The question further defines which offenses are covered - answer✔For practical purposes, this
question requires the disclosure of any criminal convictions, including felony or misdemeanor
convictions or pleas ( other than minor traffic offenses).
DUI is not a minor traffic offense and must be disclosed
Application Denial - answer✔If an application to take state exam is denied, the applicant will be
notified in writing.
The notification will identify the reasons for denial and advise the applicant they they have 21
days from the date of receipt to request a formal hearing before an administrative law judge
Compensating broker or sales associate - answer✔Florida real estate license law requires a
sales or broker associate to be employed as an agent of either a broker or owner developer
before performing real estate services for compensation.
They may NOT be directly compensated for real estate services by a member of the public.
Only their employing broker or owner developer
Employment by owner developer - answer✔The owner developer must register with the
department but does not receive a real estate license
Post licensing course - answer✔All licensees, whether active or inactive, must satisfactorily
complete a Commission prescribed post licensing course before the first renewal expiration
date, following initial licensure.
Sales associate first renewal - answer✔Sales associate must complete a 45 hour post license
course.
Failure to complete this requirement will result in licensee being out of business and voided
license
Continuing education - answer✔All licensees active or inactive, broker or sales assoc., must
complete 14 hrs of commission approved continuing education and pay a renewal fee during
each license renewal period, excluding the first renewal period of their current license.
If CE requirements are no met within the renewal deadline, the licensees license will be
changed to INVOLUNTARY INACTIVE
CE courses may be completed by classroom or distance learning(online)
Attorney-in-fact - answer✔Persons who are granted authority under a power of attorney to act
for others in some capacity, such as signing documents
Salaried employees - answer✔Of an owner, or of a registered broker for an owner, of an
apartment community who work in an onsite rental office of the apartment community in a
leasing capacity
Powers of the "Department or DBPR" - answer✔The department does not have the authority to
issue injunctions against unlicensed persons, but may seek an injunction from the courts for
failure to follow a department order.
The department also has the power to issue a cease and desist order against an unlicensed
party for violation of any rule or law under its administration
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Thebright. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.49. You're not tied to anything after your purchase.
