Gold Coast Real Estate: Chapter 2
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1. 1919:: California enacted the first real estate license law
2. 1923:: Florida enacted first real estate license law. Ineffective because expensive
& time consumption.
3. 1925:: FREC was created to administer & enforce law.
4. 1941:: Real estate license law was designated as chapter 475 of Florida Statutes
5. 1979 & 1982: FREC was taken out then Reinstated
6. 1988:: FS 475 was going under modification, while postlicensing requirements
and a program for appraisers was created.
7. 1991:: FS 475 Revised by the creation of Part I and Part II. Part I concerning real
estate licenses, Part II concerning appraisers.
8. 1993:: DPBR (Department of Business and Professional Regulation)
9. 1997-2006:: Disclosure requirements were revised and modified repeatedly
10. Purpose of Florida Real Estate License Law (FS 475): To protect the public;
it is a consumer protection agency
11. DPBR (Department of Business and Professional Regulation): "the Depart-
ment:
12. DRE (Division of Real Estate): "the Division"
13. Florida Real Estate Commission: "the Commission"
14. Statuatory Services of Real Estate: Appraising, Auctioning, Business Broker-
age, Buying, Counseling, Exchanging, Leasing, Listing, Property Management, Ad-
vertising services, Renting (up to 12 months), selling, syndicating, Selling Timeshare
units
15. Qualifications for license:: Social Security, 18 years of age, HS diploma or
equivalent, Honest, trustworthy, truthful.
16. Do you have to be Resident of Florida, or US Citizen?: NO
17. Prelicensing:: 1. complete sales associate/broker education and pass exam
2. Submit application for state exam, and payment of fee for license
3. Submit electronic fingerprints
4. Pass state exam
5. Obtain employment, and file employment to activate license
18. Postlicensing:: 1. complete sales associate/broker education and pass exam
2. Pay renewal fee
19. Continuing education:: EVERY 2 YEARS
20. Mutual Recognition: Florida has this contract with 8 states; Alabama,
Arkansas, Connecticut, Georgia, Indiana, Mississippi, Nebraska, and Oklahoma.
21. Application approval: must pass state test within 2 years of approval.
22. Application denial: Applicant has 21 days to request formal hearing
This study source was downloaded by 100000899562747 from CourseHero.com on 06-11-2025 10:58:15 GMT -05:00
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https://www.coursehero.com/file/249869839/Gold-Coast-Real-Estate-Chapter-2pdf/
Study online at https://quizlet.com/_1dzps9
1. 1919:: California enacted the first real estate license law
2. 1923:: Florida enacted first real estate license law. Ineffective because expensive
& time consumption.
3. 1925:: FREC was created to administer & enforce law.
4. 1941:: Real estate license law was designated as chapter 475 of Florida Statutes
5. 1979 & 1982: FREC was taken out then Reinstated
6. 1988:: FS 475 was going under modification, while postlicensing requirements
and a program for appraisers was created.
7. 1991:: FS 475 Revised by the creation of Part I and Part II. Part I concerning real
estate licenses, Part II concerning appraisers.
8. 1993:: DPBR (Department of Business and Professional Regulation)
9. 1997-2006:: Disclosure requirements were revised and modified repeatedly
10. Purpose of Florida Real Estate License Law (FS 475): To protect the public;
it is a consumer protection agency
11. DPBR (Department of Business and Professional Regulation): "the Depart-
ment:
12. DRE (Division of Real Estate): "the Division"
13. Florida Real Estate Commission: "the Commission"
14. Statuatory Services of Real Estate: Appraising, Auctioning, Business Broker-
age, Buying, Counseling, Exchanging, Leasing, Listing, Property Management, Ad-
vertising services, Renting (up to 12 months), selling, syndicating, Selling Timeshare
units
15. Qualifications for license:: Social Security, 18 years of age, HS diploma or
equivalent, Honest, trustworthy, truthful.
16. Do you have to be Resident of Florida, or US Citizen?: NO
17. Prelicensing:: 1. complete sales associate/broker education and pass exam
2. Submit application for state exam, and payment of fee for license
3. Submit electronic fingerprints
4. Pass state exam
5. Obtain employment, and file employment to activate license
18. Postlicensing:: 1. complete sales associate/broker education and pass exam
2. Pay renewal fee
19. Continuing education:: EVERY 2 YEARS
20. Mutual Recognition: Florida has this contract with 8 states; Alabama,
Arkansas, Connecticut, Georgia, Indiana, Mississippi, Nebraska, and Oklahoma.
21. Application approval: must pass state test within 2 years of approval.
22. Application denial: Applicant has 21 days to request formal hearing
This study source was downloaded by 100000899562747 from CourseHero.com on 06-11-2025 10:58:15 GMT -05:00
1/3
https://www.coursehero.com/file/249869839/Gold-Coast-Real-Estate-Chapter-2pdf/
