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Definition
| a licensee who acts an an intermediary between two parties and negotiates contracts between them. |
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| an individual who is qualified to be issued a broker's license but who operates as a sales associate in the employ of another. |
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| anything of value or valuable directly or indirectly paid promised or expected to be paid or received. Must be licensed to receive! |
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| privilege granted by the state to operate as a real estate broker, broker associate, or sales associate |
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| pleading of no contest by a defendant (not admitting guilt). |
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| an unlicensed entity that sells, exchanges, or leases its own property. |
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| buy, appraise, rent or provide rental information, sell, auction, lease, exchange BARSALE |
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| to place and maintain address with DRE |
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Definition
| a licensed individual who, for compensation, is employed by a broker or owner developer. |
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| what is Florida Statute 475 |
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| Characteristics of a sales associate |
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Definition
| honest trustworthy good character 18 years or older high school diploma or equivalent must disclose all convictions of guilt of a crime if you ever pleaded no lo contende ever been charged wit dishonest dealings ever been denied or had a license revoked in any profession or denied registartion to any professional license or had a license suspended or revoked |
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Term
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Definition
| March 31st and September 30th license are for 18 to 23 months |
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| what must you complete within your first year of being an associate |
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Definition
| a 45 hour post license course before license expires |
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| what are the eight services of real estate |
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Definition
| buy, appraise, rent, sell, auction, lease, exchange= BARSALE |
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| is a salaried employee who sells exchanges real property exempt from license |
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Definition
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| what it is mutual recognition |
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Definition
| ten States that allow you to practice real estate with a Florida real estate license |
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Definition
| DRE the DRE is under the DBPR |
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Term
| Professional ethics and business practices of the licensee are under the jurisdiction of |
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Definition
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| Is US citizenship required to be an associate |
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| to you have to beat a Florida resident to be an associate |
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Definition
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| what must nonresident applicants or licensee sign to become an associate |
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Definition
| irrevocable consent to service |
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| what is irrevocable consent to service |
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Definition
| this agreements provides that lawsuits and other legal actions may be initiated against the applicant in any county of Florida in which the person bringing suit recides |
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Term
| how long does any licensee have to notify the commission after becoming a nonresident |
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Definition
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Term
| what are the experience requirements for becoming a broker |
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Definition
| they must complete at least twelve months of real estate experience during the five-year period preceding their becoming licensed as brokers |
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| what are the educational requirements for becoming a broker |
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Definition
| must complete a FREC Course or an equivalent FREC approved course. Course to consist of 69 hours of instruction plus three hours for the end of course examination |
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Term
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Definition
| an individual who wishes to actively engage in the real estate industry must be licensed and registered as active with the DRE |
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| on a real estate license what does the SL stand for |
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Definition
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| what happens if a sales associate fails to complete the 45 hours of post licensing course |
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Definition
| their required to requalify for licensure by repeating the prescribed post license course and end of course exam and by again passing the state licensing exam |
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Term
| what happens that a broker fails to complete the 60 hour post license requirements |
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Definition
| a broker's license becomes null and void however the broker may request and receive a sales associate license if he or she completes 14 hours of continuing education within six months following expiration of the broker's license |
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Term
| who are exempt from licensure |
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Definition
| person who buy or sell cemetery lots, individuals who rent lots in the mobile home park, radio and television station sales, attorneys at law and certified public accountants when acting within the scope of the profession, attorneys in fact a person with power of attorney for the execution of contracts and conveyance only,person who deals in personal property only such as mortgage brokers, full-time grad students enrolled in a commission approved degree program, person acting in the limitations of their duties as designated by a will, employees were paid a salary as managers of condominiums, salaried employees of an owner of an apartment community, salaried employees of a public utility who act within the scope of the regular employment, anyone who works the motel or hotel and leases public lodging, timeshares, appraisers certified by the DPBR federally regulated banks selling business enterprises owners of an apartment complex pain defined as the of not more than $50 |
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