Broker Pre-License / Becoming a Real Estate Broker

Chapter 1 – Course Materials

Download Broker Pre-License Course Materials Here

1 Talk the Talk

Florida Resident: A person who has resided in Florida for at least four months or a person who is residing in Florida with an intent to remain for at least four months.

Group License: License issued to sales associates and broker associates when there is proof that ownership or control of various properties is substantially held by the same individual(s) although the properties are owned in the name of different interlocking or affiliated entities.

Involuntary Inactive: A licensee fails to renew his or her license in a timely manner; also defines a licensee’s status if the employing broker has his or her license suspended or revoked.

Licensure: The process of applying for and receiving a real estate license.

Nonresident: An applicant or licensee who does not reside in Florida .

Multiple Licenses: Permits a broker to be the broker-of-record for more than one brokerage entity.

Mutual Recognition: Permits a nonresident from a mutual recognition state to obtain an equivalent Florida real estate license by passing a law only exam.

Registration: Authorization by the Division of Real Estate to place an individual on the register (record) of officially recognized individuals and businesses.

Voluntary Inactive: When a licensee chooses not to have an active license or when a licensee files the proper form with the DRE requesting inactive status.

2 Areas of Critical Concern

  • Understand broker applicant requirements and situations that could cause an application to be denied
  • Understand the consequences of failing to disclose a prior conviction
  • Understand post-license and continuing-education requirements for brokers and sales associates
  • Know that it is unlawful to practice with an expired license and understand the consequences of renewing a license without actually completing the continuing education requirement
  • Distinguish between licensure and registration
  • Understand the requirements of registering real estate business entities and its officers, directors, and partners
  • Understand the particulars and requirements of multiple licenses and group licenses
  • Know the rules for change of address, residency, and change of business address

3 Please read chapter 1 of your “Broker Pre License” pdf or book

4 Chapter 1 SUMMARY

  • Broker applicants must be at least eighteen years of age, possess a high school diploma or equivalent, and possess good character. In addition, broker applicants must have prior experience either working as a sales associate under the supervision of a broker or brokers for at twenty-four months out of the preceding five years. Out-of-state experience is acceptable. Applications could be denied if the applicant fails to meet the minimum requirements.
  • Failing to disclose a prior conviction could result in denial of the application or subsequent license revocation.
  • Brokers must complete sixty hours of post-license education before the initial Broker license expires and must complete fourteen hours of continuing education for each license renewal period thereafter.
  • It is unlawful to perform real estate services unless a license is current, active, and valid. Licensees who falsify their renewal applications by claiming to have attended the required educational requirements may have their licenses revoked upon discovery by the Florida Real Estate Commission.
  • Licensure means having the privilege of practicing real estate for compensation. Registration is placing on record the name and address of all individuals who are affiliated with a real estate brokerage either as a broker, sales associate, broker associate, officer, director, or partner.
  • Brokerages must register with the Division of Real Estate the name and address of all officers, directors, and partners of real estate brokerage corporations and partnerships.
  • Multiple licenses are issued to brokers only who desire to be the broker of record for more than one brokerage entity. Group license is available to sales associates and broker associates who work for an owner-developer who is unlicensed to broker real estate.
  • The Division of Real Estate must be notified within ten days anytime a licensee changes his or her address or employer and when a business entity changes its address.

5 Chapter 1 video

 

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