Which activity would require a real estate license?

Which activity would require a real estate license quizlet?

Which activity would require a real estate license? A person owns their own company, specializing in negotiating sales of property for buyers and sellers. They do not take listings or show property.

Which activity would require a real estate license in Florida?

Under Florida Statute 475.01(1)(a), you must be licensed to perform any of the following real estate activities for compensation: Marketing, advertising, auctioning, or listing another person’s property for sale. Representing a seller in any other way in the sale of a property.

Who would require a license real estate quizlet?

A real estate license is required when a person performs a real estate act for another for compensation. This compensation can be a commission, a fee, a salary or anything of value.

When must the sales associate post license be completed?

According to FREC rule, Sales Associates must complete 45 hours of Post-License education before their first renewal deadline. There is no grace period meaning that if you do not complete this requirement on time, your license becomes null and void. Don’t lose your license!

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Who does not need a real estate license?

If an investor is buying and selling their own properties, they don’t need a real estate license. Anyone can buy and sell their own property without representation, and without a license.

How are Frec members paid?

FREC members are paid a per-day rate for reimbursement. The FREC creates the rules for taking the examination and for getting a license. It’s called a regulatory agency, with the responsibility of governing real estate. The Commission is made of SEVEN members.

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.

Is real estate a good career in Florida?

Earning Potential: Becoming a real estate agent in Florida is a profession with amazing earning potential. Expecting to arrive at the $100K annual salary benchmark is absolutely within reason. It all depends on how competitive and committed you are to developing your career potential.

What is the difference between a real estate agent and broker?

Real estate agents have a professional license to help people buy, sell, and rent real estate. … Brokers are real estate agents who have completed additional training and licensing requirements. They can work independently and hire other real estate agents to work for them.

How many hours is a broker’s pre license course?

The 60-Hour Broker Pre-License Topics course is the first step on your journey to becoming a broker!

Which is true when a broker cooperates with other broker in a sale?

A broker’s desire is to locate buyers for properties, whether he or she is actually listing the home. … A cooperating broker earns a share of the commission paid at the close of the sale; the specifics of the commission distribution are agreed upon between both brokers.

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What is the primary focus of a Realtist?

NAREB continues to focus on the housing needs of black Americans through programs and initiatives that raise awareness and address public policies related to fair housing, equal opportunity, community development legislation, access to credit and other issues.