GOLD COAST ALL CHAPTER FINAL
EXAM ||LATEST UPDATE
Acts as an agent or intermediary between two or more people in the negotiation of
the sale, purchase, or rental of real estate
The Broker
many licensees will concentrate on one type or style of property or on one particular
neighborhood, a practice called
Farming
Finding and specializing in a particular neighborhood or type of property is referred
to as
Farm area or Target market
Residential sales or rentals can provide a rewarding career for
new or experienced real estate professionals
The overwhelming majority of real estate licensees are
involved in Residential brokerage
According to [F.S. 475.278(5)(a)], a residential transaction is defined as
The sale of any improved residential property of four units or fewer, Unimproved
property intended for four units or fewer, agricultural properties of ten acres or less
The sale of any improved residential property of
four units or fewer
unimproved property intended for
four units or fewer
agricultural properties of
ten acres or less
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
Tract Building
planning and zoning, property taxation, building and health code regulations, are
controlled by local governments.
Local Level
local bodies can impose a temporary delay for a building project also known as a
Moratorium
Florida real estate license law, F.S 475, is to
Protect the public
if a leasing is longer than 12 months
A realtor cannot do it
"A BAR SALE"
- Appraising
- Buying
- Auctioning
- Renting
- Selling
- Advertising
- Leasing
- Exchanging
, someone who performs services of real estate as an agent for another and receives
compensation for those services directly or indirectly
A Broker
sales associates and broker associates receive their compensation from their
Employing Broker
A licensed sales associate who wishes to apply to be a broker must have been
employed under one or more actively licensed brokers for
At least 24 months within the preceding five years before becoming eligible
An applicant for a broker license may choose to continue employment in a sales
associate capacity with a current employer subsequent to passing the state broker
examination
Broker associate
an applicant for a Florida real estate license is not required to be a
Resident or citizen of the united states
An application to take the state exam is denied when its
denied by the department, then the applicant will be notified in writing. The
notification will identify the reasons for denial and advise the applicant that they have
21 days from the date of receipt to request a formal hearing before an
administrative law judge in accordance with the Administrative Procedure Act
when employed by and licensed under a broker
a sales associate or broker associate acts as the brokers agent in performing
services of real estate
a sales associate or broker associate can only work for
one broker at a time
Brokers are registered and licensed with
the department
an individual or entity who is in the business of buying, owning and/or developing
real estate
An Owner-Developer
The Owner-Developer must register
with the department but does not receive a real estate license
A sales associate must complete a 45-hour post-license course prior to the
expiration date of their initial license period
sales associate first renewal
The license of a sales associate who fails to complete their sales associate first
renewal requirement will become
void and the licensee will be out of business
If the Continuing Education (CE) requirement is not met within the renewal deadline
The licensee's license status will be changed into Involuntary Inactive
people who are granted authority under a power of attorney to act to act for others in
some capacity, such as signing documents
Attorneys-in-fact
attorney individuals who are exempt from licensure
attorneys-in-fact are exempted
an individual that are exempted from licensure are
salaried employees of an owner, or of a registered broker for an owner, of an
apartment community who works in an onsite rental office of the apartment
community in a leasing capacity
A tenant in an apartment community may receive
EXAM ||LATEST UPDATE
Acts as an agent or intermediary between two or more people in the negotiation of
the sale, purchase, or rental of real estate
The Broker
many licensees will concentrate on one type or style of property or on one particular
neighborhood, a practice called
Farming
Finding and specializing in a particular neighborhood or type of property is referred
to as
Farm area or Target market
Residential sales or rentals can provide a rewarding career for
new or experienced real estate professionals
The overwhelming majority of real estate licensees are
involved in Residential brokerage
According to [F.S. 475.278(5)(a)], a residential transaction is defined as
The sale of any improved residential property of four units or fewer, Unimproved
property intended for four units or fewer, agricultural properties of ten acres or less
The sale of any improved residential property of
four units or fewer
unimproved property intended for
four units or fewer
agricultural properties of
ten acres or less
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
Tract Building
planning and zoning, property taxation, building and health code regulations, are
controlled by local governments.
Local Level
local bodies can impose a temporary delay for a building project also known as a
Moratorium
Florida real estate license law, F.S 475, is to
Protect the public
if a leasing is longer than 12 months
A realtor cannot do it
"A BAR SALE"
- Appraising
- Buying
- Auctioning
- Renting
- Selling
- Advertising
- Leasing
- Exchanging
, someone who performs services of real estate as an agent for another and receives
compensation for those services directly or indirectly
A Broker
sales associates and broker associates receive their compensation from their
Employing Broker
A licensed sales associate who wishes to apply to be a broker must have been
employed under one or more actively licensed brokers for
At least 24 months within the preceding five years before becoming eligible
An applicant for a broker license may choose to continue employment in a sales
associate capacity with a current employer subsequent to passing the state broker
examination
Broker associate
an applicant for a Florida real estate license is not required to be a
Resident or citizen of the united states
An application to take the state exam is denied when its
denied by the department, then the applicant will be notified in writing. The
notification will identify the reasons for denial and advise the applicant that they have
21 days from the date of receipt to request a formal hearing before an
administrative law judge in accordance with the Administrative Procedure Act
when employed by and licensed under a broker
a sales associate or broker associate acts as the brokers agent in performing
services of real estate
a sales associate or broker associate can only work for
one broker at a time
Brokers are registered and licensed with
the department
an individual or entity who is in the business of buying, owning and/or developing
real estate
An Owner-Developer
The Owner-Developer must register
with the department but does not receive a real estate license
A sales associate must complete a 45-hour post-license course prior to the
expiration date of their initial license period
sales associate first renewal
The license of a sales associate who fails to complete their sales associate first
renewal requirement will become
void and the licensee will be out of business
If the Continuing Education (CE) requirement is not met within the renewal deadline
The licensee's license status will be changed into Involuntary Inactive
people who are granted authority under a power of attorney to act to act for others in
some capacity, such as signing documents
Attorneys-in-fact
attorney individuals who are exempt from licensure
attorneys-in-fact are exempted
an individual that are exempted from licensure are
salaried employees of an owner, or of a registered broker for an owner, of an
apartment community who works in an onsite rental office of the apartment
community in a leasing capacity
A tenant in an apartment community may receive
