Question: Which individual must hold a Florida real estate license?

Which individual is required to have an active Florida real estate license?

A person appointed by a court of law to sell real estate must be a licensed real estate broker. Persons who rent lots in a mobile home park must hold a real estate license.

Which individual must hold an active real estate license quizlet?

An owner-developer’s sales staff must hold active real estate licenses in order to be paid a commission or other compensation based on actual sales (that is, on a transactional basis).

Who must be licensed to practice real estate in Florida?

The general requirements for obtaining a Florida real estate license include:

  • Be at least 18 years of age.
  • High school diploma or equivalent.
  • United States Social Security number.
  • Complete 63 hours of approved pre-licensing instruction within the last two years.
  • Pass the Florida sales associate exam.
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Who is exempt from real estate license Florida?

Individuals with a 4-year degree, or higher, in real estate are exempt from the sales associate 63 hour pre-licensing or the broker 72 hour pre-licensing course, but must make application and take the state exam.

How hard is the Florida real estate exam?

Getting your Florida real estate license is not easy – the Florida real estate exam is difficult! Our data shows the pass rate is around 50-60% at the first attempt. … That hard work does not go unrewarded, the the average salary for a real estate agent in Florida in 2021 is around $92,072.

Which individual must hold a Florida real estate license quizlet?

Which individual must hold a Florida real estate license? LAWYER WHO RECEIVES A SHARE OF THE COMMISSION FOR EACH TRANSACTION RESULTING FROM THE REFERRAL OF A CLIENT TO A LOCAL BROKERAGE OFFICE. A lawyer is exempt from a real estate license if performing work within the scope of an attorney-client relationship.

Which element is not essential in a valid real estate sale contract?

Which element is NOT essential in a valid real estate sale contract? Brokers and sales associates should NOT prepare deeds, mortgages, or promissory notes.

Which is the most important issue for a broker acting as a property manager?

Which is the most important issue for a broker acting as a property manager to accomplish? to get maximum income in while preserving the value of the investment.

How long do you have to take real estate exam after course in Florida?

Complete the required Florida real estate license course

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That way, you have the 30 days while the state is reviewing and approving your application to take the real estate exam to get through the 63 hours of your Florida sales associate license course.

Can you pay a referral fee to an unlicensed person in Florida?

Referral Fees

An agent may pay an unlicensed person for referrals of potential clients as long as it complies with s.

Do you have to be a resident of Florida to get a real estate license?

To apply for a real estate license in Florida, you must be at least 18 years of age, have a valid U.S. Social Security number, and have a high school diploma or its equivalent (an international equivalent, or a GED). Note that it is not necessary to be a Florida resident to obtain a Florida real estate license.

Which activity would require a real estate license?

Among them are: Negotiating for the listing, sale, purchase, exchange, rent, lease or option for. any real estate; Acting as referral agent; or.