REAL ESTATE SALE ASSOCIATE
PRE LICENSE COURSE EXAM PREP
(GOLD COAST HIGHLIGHTS)
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
Non representation (No Brokerage relationship) - ANSWER-When in this
relationship, a broker may provide specified services for a fee. Care must be taken
not to confuse or mislead the customer by inappropriate words or acts that could
suggest the licensee has assumed a role that is different from the one originally
agreed upon.
A customer may choose not to be represented, in which cases the broker must
provide the customer with a No Brokerage Relationship Notice (usually a for sale by
owner)
Duties:
Deal honestly and fairly
Account for all funds
Disclose all known facts that affect the value of residential property
,Listing contract - ANSWER-The brokers employment contract.
When a broker is employed to find a purchaser, he or she is entitled to compensation
when a ready, willing, and able buyer has met all of the sellers requirements.
This is accomplished when the buyer makes an offer in accordance with the terms of
the listing agreement, whether or not a sale is consummated.
Licensee - ANSWER-Refers to any person to whom a permit, registration, certificate
or license is issued by the department
A BAR SALE - ANSWER-The most common services of real estate:
Appraising
Buying
Auctioning
Renting
Selling
Advertising
Leasing
Exchanging
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.
PRE LICENSE COURSE EXAM PREP
(GOLD COAST HIGHLIGHTS)
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
Non representation (No Brokerage relationship) - ANSWER-When in this
relationship, a broker may provide specified services for a fee. Care must be taken
not to confuse or mislead the customer by inappropriate words or acts that could
suggest the licensee has assumed a role that is different from the one originally
agreed upon.
A customer may choose not to be represented, in which cases the broker must
provide the customer with a No Brokerage Relationship Notice (usually a for sale by
owner)
Duties:
Deal honestly and fairly
Account for all funds
Disclose all known facts that affect the value of residential property
,Listing contract - ANSWER-The brokers employment contract.
When a broker is employed to find a purchaser, he or she is entitled to compensation
when a ready, willing, and able buyer has met all of the sellers requirements.
This is accomplished when the buyer makes an offer in accordance with the terms of
the listing agreement, whether or not a sale is consummated.
Licensee - ANSWER-Refers to any person to whom a permit, registration, certificate
or license is issued by the department
A BAR SALE - ANSWER-The most common services of real estate:
Appraising
Buying
Auctioning
Renting
Selling
Advertising
Leasing
Exchanging
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.
