6002 Flashcards
6 (15 cards)
Broker License Qualifications
Active Licensed Associate for 2 years within the past 5 years with a broker (not with owner developer) - taken 72 hr pre-license course with a 70% passing grade - passed the state exam with at least 75% - 60 hour post prior to 1st renewal
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. If so, the applicant will be registered as a ______________ ____________ after passing the broker examination.
broker associate
Qualifications to become Real Estate Licensed (4)
*Must have a SSN
* 18 Y or older
* HS or equivalent
* Must be honest, truthful and have trustworthy reputation for fair dealing
(DO NOT have to be a FL resident or US Citizen- example: Mutual Recognition)
When answering Background Questions must you disclose all FELONIES & MISDEMEANORS including DUI, regardless of adjudication ?
YES
When answering Background Questions must you disclose all FELONIES & MISDEMEANORS including DUI, regardless of adjudication ?
YES
If the DBPR denies your application what happens?
they must notify you in writing with reason in writing, also stating that the applicant has 21 days to request formal hearing that will be held before an administrative law judge
in accordance with F.S. 120, the Administrative Procedure Act. [F.A.C. 61J2-2.030]
An associate can be employed under ________ Broker(s) in Florida at a time.
One
Are Brokers licensed and registered?
YES
______________ offices, and _________________ are only registered; not licensed.
branch
owner-developers
What must a licensee complete prior to first renewal?
45hr post-licensing course
There is NO grace period, so what happens if the licensee fails to complete 45hr post?
License becomes null and void.
They must repeat the 63hr Sales Associate Course, then a new license number is assigned
There is NO grace period, so what happens if the licensee fails to complete 45hr post?
License becomes null and void.
They must repeat the 63hr Sales Associate Course, then a new license number is assigned
All active or inactive licensees, whether a broker or sales associate, must complete 14 hours of Commission-approved continuing education (CE) and pay a renewal fee during each license renewal period, excluding the first renewal period of their current license. If t If the CE requirement is not met within the renewal deadline, the licensee’s license status will be changed to _____________________.
involuntary inactive
_____________________ are persons who are granted authority under a power of attorney to act for others in some capacity, such as signing documents.
Attorney-in-fact
_______________ 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.
Salaried
