Real estate sale associate pre license course exam prep (GOLD COAST HI
LIGHTS)
Study online at https://quizlet.com/_5i4km6
1. Farming: licensee concentrate on one type or style of property or on one partic-
ular neighborhood
2. Farm area or target market: Finding and specializing in a particular neighbor-
hood or type of property. Considered to be one of the best ways to succeed in the
real estate business
3. Tract building: 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
4. Local level: 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
5. Purpose of the law: F.S. 475 to protect the public
6. Commission or FREC: Refers to the Florida real estate commission
7. Department or DBPR: Refers to the department of business and professional
regulation
8. Division or DRE: Refers to the division of real estate
9. License: Means any permit, registration, certificate, or license issued by the
department
10. Licensee: Refers to any person to whom a permit, registration, certificate or
license is issued by the department
11. A BAR SALE: The most common services of real estate:
Appraising
Buying
Auctioning
Renting
Selling
Advertising
Leasing
Exchanging
12. Sales associate: 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
13. Broker: A person who performs services of real estate as an agent for another
and receives compensation for those services either directly or indirectly
, Real estate sale associate pre license course exam prep (GOLD COAST HI
LIGHTS)
Study online at https://quizlet.com/_5i4km6
14. A Sales Associate transitioning to a Broker: 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
15. Additional applicants who qualify to apply for a brokers license
[F.A.C.61J2-2.027(1)(b)]: Actively licensed real estate sales associates from anoth-
er STATE OR NATION who have been Licensed for at least 24 months during the
preceding 5 yrs
16. Broker Associate: 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
17. Florida real estate license requirements: 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
18. Florida Mutual recognition: 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
19. 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: For practical purpos-
es, 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
20. Application Denial: 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
, Real estate sale associate pre license course exam prep (GOLD COAST HI
LIGHTS)
Study online at https://quizlet.com/_5i4km6
21. Compensating broker or sales associate: 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
22. Employment by owner developer: The owner developer must register with the
department but does not receive a real estate license
23. Post licensing course: All licensees, whether active or inactive, must satis-
factorily complete a Commission prescribed post licensing course before the first
renewal expiration date, following initial licensure.
24. Sales associate first renewal: 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
25. Continuing education: 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)
26. Attorney-in-fact: Persons who are granted authority under a power of attorney
to act for others in some capacity, such as signing documents
27. Salaried employees: 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
28. Powers of the "Department or DBPR": The department does not have the
authority to issue injunctions against unlicensed persons, but may seek an injunction
from the courts for failure to follow a department order.
The department also has the power to issue a cease and desist order against an
unlicensed party for violation of any rule or law under its administration
29. Executive powers: Can be exercised by the chairperson acting alone or can be
delegated by quorum vote to any other commission member
30. Quasi judicial powers: Allow the commission to impose disciplinary action for
violations of laws and rules. Similar to the actions of a court of law.
, Real estate sale associate pre license course exam prep (GOLD COAST HI
LIGHTS)
Study online at https://quizlet.com/_5i4km6
The commission has the authority to deny an application, and to reprimand , fine,
or place a licensee on pro a Tiod, or suspend or revoke a license
31. A guilty licensee: May receive one of the following disciplinary actions
Issued a reprimand or admin. fine up to $5,000 per offense
Be placed on probation
Or Have their license suspended for up to ten years or permanently revoked
32. Subsequent renewal: 14 hr CE
Failure to do so results in null and Void license
The licensee may not practice real estate while his or her license is involuntary
inactive.
The license can remain in this statutes for up to two years
33. Voluntary inactive: Individual who had attained their license but does not wish
to engage actively in real estate can request a voluntary inactive.
May remain In this status indefinitely
34. Suspended brokers license: Suspended, revoked, or otherwise void or inef-
fective brokers license results in all persons license who are employed under such
broker to become automatically inactive
35. Cancelled licensed: If a licensee no longer wishes to practice real estate, they
can return their license to the department. The license would be...
36. Group license: A single real estate license that can be obtained if the sales
associate or broker associate works for one owner developer with affiliated organi-
zations, which provides real estate services in different geographic areas
37. Multiple licenses: A broker can be issued additional licenses in two or more
capacities by requesting...
NOT available to sales associates or broker associates
*broker cannot own stock in any of the corporations
38. Examples of administrative agencies empowered by statutes: Statutes can
authorize the creation and operation of administrative agencies to administer and
enforce certain laws.
The DBPR created by F.S. 455
FREC created by F.S. 475
are examples.
39. Special agent: Authorized under agency law by the employer to perform a single
act.
40. General agent: ...Of his or her broker or owner developer..
(Sales associate or broker associate)
LIGHTS)
Study online at https://quizlet.com/_5i4km6
1. Farming: licensee concentrate on one type or style of property or on one partic-
ular neighborhood
2. Farm area or target market: Finding and specializing in a particular neighbor-
hood or type of property. Considered to be one of the best ways to succeed in the
real estate business
3. Tract building: 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
4. Local level: 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
5. Purpose of the law: F.S. 475 to protect the public
6. Commission or FREC: Refers to the Florida real estate commission
7. Department or DBPR: Refers to the department of business and professional
regulation
8. Division or DRE: Refers to the division of real estate
9. License: Means any permit, registration, certificate, or license issued by the
department
10. Licensee: Refers to any person to whom a permit, registration, certificate or
license is issued by the department
11. A BAR SALE: The most common services of real estate:
Appraising
Buying
Auctioning
Renting
Selling
Advertising
Leasing
Exchanging
12. Sales associate: 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
13. Broker: A person who performs services of real estate as an agent for another
and receives compensation for those services either directly or indirectly
, Real estate sale associate pre license course exam prep (GOLD COAST HI
LIGHTS)
Study online at https://quizlet.com/_5i4km6
14. A Sales Associate transitioning to a Broker: 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
15. Additional applicants who qualify to apply for a brokers license
[F.A.C.61J2-2.027(1)(b)]: Actively licensed real estate sales associates from anoth-
er STATE OR NATION who have been Licensed for at least 24 months during the
preceding 5 yrs
16. Broker Associate: 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
17. Florida real estate license requirements: 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
18. Florida Mutual recognition: 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
19. 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: For practical purpos-
es, 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
20. Application Denial: 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
, Real estate sale associate pre license course exam prep (GOLD COAST HI
LIGHTS)
Study online at https://quizlet.com/_5i4km6
21. Compensating broker or sales associate: 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
22. Employment by owner developer: The owner developer must register with the
department but does not receive a real estate license
23. Post licensing course: All licensees, whether active or inactive, must satis-
factorily complete a Commission prescribed post licensing course before the first
renewal expiration date, following initial licensure.
24. Sales associate first renewal: 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
25. Continuing education: 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)
26. Attorney-in-fact: Persons who are granted authority under a power of attorney
to act for others in some capacity, such as signing documents
27. Salaried employees: 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
28. Powers of the "Department or DBPR": The department does not have the
authority to issue injunctions against unlicensed persons, but may seek an injunction
from the courts for failure to follow a department order.
The department also has the power to issue a cease and desist order against an
unlicensed party for violation of any rule or law under its administration
29. Executive powers: Can be exercised by the chairperson acting alone or can be
delegated by quorum vote to any other commission member
30. Quasi judicial powers: Allow the commission to impose disciplinary action for
violations of laws and rules. Similar to the actions of a court of law.
, Real estate sale associate pre license course exam prep (GOLD COAST HI
LIGHTS)
Study online at https://quizlet.com/_5i4km6
The commission has the authority to deny an application, and to reprimand , fine,
or place a licensee on pro a Tiod, or suspend or revoke a license
31. A guilty licensee: May receive one of the following disciplinary actions
Issued a reprimand or admin. fine up to $5,000 per offense
Be placed on probation
Or Have their license suspended for up to ten years or permanently revoked
32. Subsequent renewal: 14 hr CE
Failure to do so results in null and Void license
The licensee may not practice real estate while his or her license is involuntary
inactive.
The license can remain in this statutes for up to two years
33. Voluntary inactive: Individual who had attained their license but does not wish
to engage actively in real estate can request a voluntary inactive.
May remain In this status indefinitely
34. Suspended brokers license: Suspended, revoked, or otherwise void or inef-
fective brokers license results in all persons license who are employed under such
broker to become automatically inactive
35. Cancelled licensed: If a licensee no longer wishes to practice real estate, they
can return their license to the department. The license would be...
36. Group license: A single real estate license that can be obtained if the sales
associate or broker associate works for one owner developer with affiliated organi-
zations, which provides real estate services in different geographic areas
37. Multiple licenses: A broker can be issued additional licenses in two or more
capacities by requesting...
NOT available to sales associates or broker associates
*broker cannot own stock in any of the corporations
38. Examples of administrative agencies empowered by statutes: Statutes can
authorize the creation and operation of administrative agencies to administer and
enforce certain laws.
The DBPR created by F.S. 455
FREC created by F.S. 475
are examples.
39. Special agent: Authorized under agency law by the employer to perform a single
act.
40. General agent: ...Of his or her broker or owner developer..
(Sales associate or broker associate)
