GOLD COAST REAL ESTATE PRACTICE FINAL
385 ESSENTIAL STUDY QUESTIONS AND
ANSWERS
◉ 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
385 ESSENTIAL STUDY QUESTIONS AND
ANSWERS
◉ 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
