Term
| What are the eight services of real estate? |
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Definition
Advertise real estate services, buy, appraise, rent or provide rental information or list, sell, auction, lease, exchange
"A BAR SALE" |
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Term
| What are the eight services of real estate? |
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Definition
| Advertise real estate services, buy, appraise, rent or provide rental information or list, sell, auction, lease, exchange |
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Term
| Unless exempt by law, anyone that provides real estate services for another person for compensation of any type must be: |
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Definition
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Term
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Definition
| Is defined as anything of value or a valuable consideration, directly or indirectly paid, promised, or expected to be paid or received |
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Term
| Sales associates and broker associates are employed by and work under the direction and control of a |
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Definition
| Broker or an owner developer |
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Term
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Definition
| Is an unlicensed entity that sells, exchanges or releases its own property |
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Term
| What is an example of an owner developer? |
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Definition
| A real estate development company that owns land that it develops into subdivisions, and then build and sells homes. It only developers sales staff must hold active real estate licenses in order to be paid a commission or other compensation based on Nashville sales that is on a transactional basis |
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Term
| If paid strictly on a salary basis, the sales staff of an owner developer is: |
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Definition
| Exempt from real estate licensure if paid strictly on a salary basis |
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Term
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Definition
| A broker is a person who, for another and for compensation or in anticipation of compensation performs real estate services |
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Term
| What is a broker associate? |
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Definition
| A broker associate is an individual who holds a brokers license but chooses to register and work in real estate under the direction of another broker |
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Term
| An individual applying for a real estate sales associate broker license must: |
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Definition
| Be 18 years of age or older, have a high school diploma or its equivalent, possess a Social Security number, be honest truthful trustworthy of good character and have a good reputation for Fairdealing, be competent and qualified to make real estate transactions and conduct negotiations with safety to investors and others |
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Term
| What is the moral turpitude? |
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Definition
| Is conduct contrary to honesty, good morals, justice, or excepted custom. Embezzlement, and crimes of larceny, including writing bad checks, are generally considered moral turpitude |
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Term
| Real estate application approved for licensure under mutual recognition are |
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Definition
| Exist from the prelicensing education course |
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Term
| Florida resident defined: |
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Definition
| FREC rules defined a resident of Florida 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 residing in a recreational vehicle, hotel, rental unit, are other temporary or permanent location. |
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Term
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Definition
| Must successfully complete the broker course course two or equivalent FREC approved pre-license course. Course to consist of 69 hours of instruction and three hours for the end of course examination and the fundamentals of real estate appraising investment financing and brokerage operations and management |
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Term
| What are the exceptions to the broker pre-license course requirement? |
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Definition
| Broker applicants who have received a four-year degree in real estate from an institution of higher education are exempt from the broker prelicensing education course. Although active members in good standing with the Florida bar exam from the sales associate course they are not exempt from the broker pre-license course |
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Term
| Failure to complete the post licensing education requirement will cause the initial license to become: |
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Definition
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Term
| Who are exempt from the post license education requirements? |
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Definition
| Individuals who have obtained a four year degree in real estate from an institution of higher education are exempt from the post license education requirements. Florida attorneys who are also licensed real estate brokers MUST complete the post licensing education requirement |
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Term
| What is the initial effective date of the real estate license? |
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Definition
| It is the date the applicant passed the licensing exam. |
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Term
| Who are exempt from continuing education requirements? |
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Definition
| An active member in good standing with the Florida bar are exempt from the continuing education requirements for real estate services |
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Term
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Definition
| A licensee in good standing who is a member of the US Armed Forces is except from the renewal requirements toward the licensees. Of active-duty and six months after discharge from active duty. If the military duty out-of-state the exemption also applies to a licensed spouse. The Armed Forces exemption applies provided the licensee is not engaged in any real estate activity in the private sector for-profit |
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Term
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Definition
| Is required to engage in real estate brokerage services. Licensees who choose not to engage in the real estate business may place your licenses on inactive status there are two types of inactive status: voluntary active and involuntary inactive |
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Term
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Definition
| A licensee who has qualified for a real estate license but who voluntarily chooses not to engage in the real estate business during a given. And request that you changes placed on voluntary and active status. LICENSEE cannot legally perform any real estate services for compensation were holding a voluntary in active license a licensee may change an active license to a voluntary active license status by submitted to the DBPR the proper form. |
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Term
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Definition
| If a licensee fails to renew an active or voluntary active license before the expiration date other than the first renewal the licensed roofer automatically to involuntary inactive status. An individual cannot legally perform real estate services after the license has expired. |
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Term
| A license that have been on involuntary inactive status for more than two years automatically expires and becomes |
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Definition
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