Chapter 1-4 Important Dates and Time Periods to Remember Flashcards
Time period for DBPR to receive a request to review the state license exam
21 days
Number of days to notify the DBPR if a licensee becomes a nonresident
60 days
Salaried managers of condominium or cooperative units who prepare rental agreements with a durtion up to how long are exempt from real estate license?
Salaried managers of condominium or cooperative units who prepare rental agreements with a duration of up to 1 year
Managers of condominiums or cooperative who prepare agreements with a duration of how long must be licensed
lease agreement with a duration longer than 1 year
Time period after which the license application expires
2 years
Time period after which the prelicense course expires
2 years
Experience requirement for broker applicants obtained within preceeding 5 year period
2 years
Number of days to notify the FREC regarding a change of business address
10 days
Number of days a sales associate, broker associate, or an instructor has to notify the FREC of a change of employement
10 days
Grace period after discharge from military duty to renew license
6 months
Time period after which involuntary license becomes null and void
2 years
Period required to retain brokerage relationship disclosures for all transactions that result in a written contract
5 years
Time period for sales associates to turn funds over to broker
End of next time business day
Time period for broker to deposit funds into escrow account
End of third business day
Number of days to notify the FREC if the broker requested an EDO and escrow dispute is either settled or goes to court before the EDO is issued
10 business days
