Which statute regulates Florida real estate licensees?
475.001 Purpose. —The Legislature deems it necessary in the interest of the public welfare to regulate real estate brokers, sales associates, and schools in this state.
What is the Florida Real Estate License law?
Florida Real Estate Law is very clear on this topic. An individual, rather than a corporation or LLC, must be at least 18 years old, be a high school graduate or equivalent, be honest, truthful and trustworthy. They must also be of good character and have a reputation for fair dealing.
Which power is not given to the Florida real estate Commission?
Which power is NOT given to the Florida Real Estate Commission? The answer is imposing jail sentences. Jail time must be imposed by a criminal court. The FREC is empowered to make determinations of license law violations and impose administrative penalties.
What is the purpose of Florida real estate Commission?
The Florida Real Estate Commission (FREC) was created to educate and regulate real estate licensees. The commission has seven members appointed by the Governor and confirmed by the Senate.
Where are Florida real estate Commission procedural rules established in?
Real estate law is found under Chapter 475, Part 1, Florida Statutes. The Commission is allowed to write the rules regarding real estate under these statutes, and those rules are found in Chapter 61J2, Florida Administrative Code.
Which individual is not exempt from holding a Florida real estate license?
Which individual is NOT exempt from holding a Florida real estate license? Certified public account (CPA) who is employed by a real estate corporation and received a salary plus bonuses based on real estate transactions. CPAs, when acting within the scope of their professional duties, are exempt from licensure.
Can an attorney sell real estate in Florida?
Lawyers: Any active member in good standing with the Florida Bar, who is otherwise qualified under the real estate license law, is exempt from the Florida Real Estate Commission ‘s prescribed prerequisite educational course for licensure as a real estate sales associate.
Is the Florida real estate exam hard?
How Hard Is the Florida Real Estate Exam? The exam can be challenging, but it is not something that should intimidate students! We created a Florida real estate exam prep course to help students pass their first time! The first-time pass rate for the sales associate exam is between 50% to 55%.
Is Florida broker exam hard?
How Hard is the Florida Real Estate Exam? Generally speaking, the pass rate for the Florida real estate exam is between 50-60%. By comparison, the average driving test pass rate is 45.8% in the US. So while the test may be difficult and meticulous, you will be able to pass it if you prepare and study accordingly.