what are the the areas a realtor should be an expert in?
Marketing
Valuation & Market Conditions
Property Transfer<\/p>\n\n\n\n
“MVP”<\/p>\n\n\n\n
Does one need to be a resident of the state or a citizen of the U.S. to get a FL real estate license?
to get a FL real estate license, you don’t need to be a citizen<\/p>\n\n\n\n
What must an applicant for a real estate license do if he has been convicted of a crime?
must disclose all convictions<\/p>\n\n\n\n
Employment
an associate can only have one employer at a time<\/p>\n\n\n\n
What’s the grace period for a Sales associate’s first renewal? Post Licensing
no grace period, void and null<\/p>\n\n\n\n
Individuals who are exempt from licensure
Salaried Employees<\/p>\n\n\n\n
How long can one stay involuntary inactive?
2 years<\/p>\n\n\n\n
What happens to an associates license if a broker’s license is void, suspended, or revoked?
their license automatically becomes inactive<\/p>\n\n\n\n
Multiple Licenses
issued only to active brokers if it is clearly shown that such additional licenses are necessary to the conduct of legitimate business<\/p>\n\n\n\n
What is a Transaction broker
a broker who provides limited representation to a buyer, seller, or both, in a real estate transaction<\/p>\n\n\n\n
not an AGENT<\/p>\n\n\n\n
Presenting Offers
must present all offers<\/p>\n\n\n\n
A broker is entitled to compensation if they\u2026
bring a buyer who brings an offer the seller was looking for<\/p>\n\n\n\n
Listing Contract
broker’s employment contract that states the terms and conditions that the broker must meet to become eligible for compensation<\/p>\n\n\n\n
Referral Fees:<\/p>\n\n\n\n
I as the sellers agent promise kickback commission. Is this allowed?
yes, as long as this is disclosed to all interested parties<\/p>\n\n\n\n
what if an attorney asks for a fee because they referred a client to you?
you cannot give him a referral fee for sending you a client<\/p>\n\n\n\n
Principal Brokerage office
-registration is good for 2 years
-can switch locations<\/p>\n\n\n\n
branch brokerage office
-registration is good for 2 years
-cannot move locations if not the principal location\u2026 in order to move it would need a new registration for the new location and must pays fees associated with it<\/p>\n\n\n\n
What are the requirements for a Principal Office?
-at least one enclosed room in a building of stationary construction
-must maintain documents for a minimum of 5 years<\/p>\n\n\n\n
What are the requirements for an associate advertising with a website?
-must have brokerage name and his\/her last name<\/p>\n\n\n\n
Advertising
must have name of brokerage<\/p>\n\n\n\n
When should one disclose that they are a licensed agent?
prior to entering serious negotiations<\/p>\n\n\n\n
Escrow Account pg.75* ESCROW ACCOUNT PG 75<\/em><\/strong>*<\/p>\n\n\n\n Earnest Money Deposit A buyer drops off an escrow check on Monday. To avoid any trouble with FREC, the broker must deposit the check by close of business on which day? Which of the following 4 uses\/has an interpleader?<\/p>\n\n\n\n Mediation Escrow Disbursement Exemptions When a sales associate has not received his compensation, what can they do? How many days does one have to notify the commission of a change of address or employer Real Estate Brokerage Partnership If all the partners in a Real Estate Brokerage Partnership want to be active in real estate sales, what must they do\/be? Does a corporation for profit between a broker and associate dealing with investments need to be registered? What are the 7 businesses that may register with the department to perform brokerage services? what do the following businesses that may not register to broker real estate have in common culpable negligence misrepresentation Appeal a final order Where does the money come from for the Recovery Fund? Steering or Channeling Redlining Blockbusting When a landlord is holding a security deposit, which can’t he do? Do Not Call List “DNC” Which term refers to physical land, improvements, & intangible rights? Riparian Rights Fee Simple what are the the areas a realtor should be an expert in?MarketingValuation & Market ConditionsProperty Transfer “MVP” Does one need to be a resident of the state or a citizen of the U.S. to get a FL real estate license?to get a FL real estate license, you don’t need to be a citizen What must […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[25],"tags":[],"class_list":["post-113884","post","type-post","status-publish","format-standard","hentry","category-exams-certification"],"_links":{"self":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/113884","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/comments?post=113884"}],"version-history":[{"count":0,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/113884\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/media?parent=113884"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/categories?post=113884"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/tags?post=113884"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
provide written verification within 10 days of request<\/p>\n\n\n\n
Thursday<\/p>\n\n\n\n
Escrow Disbursement Order
Arbitration
Litigation
Litigation<\/p>\n\n\n\n
when a sales contract is subject to a contingency (financing\/appraisal\/etc) and it’s not met<\/p>\n\n\n\n
sue employing broker only<\/p>\n\n\n\n
60<\/p>\n\n\n\n
-all must register w. DBPR<\/p>\n\n\n\n
all must be a licensed broker<\/p>\n\n\n\n
No, a for profit corporation dealing w. investments does not need to be registered with any department<\/p>\n\n\n\n
6 of 7 have the letter P\u2026 the only one that doesn’t is LLC
-sole Proprietorship
-corporation for Profit
-Not-for-Profit corporation
-LLC
-general Partnership
-limited Partnership
-limited liability Partnership<\/p>\n\n\n\n
they don’t have the letter P in it or LLC<\/p>\n\n\n\n
occurs if a broker operates in a reckless, careless, and excessively negligent manner. negligence for which one can be held legally accountable<\/p>\n\n\n\n
omission or misstatement of facts<\/p>\n\n\n\n
request review with district court of APPEAL<\/p>\n\n\n\n
fees and fines<\/p>\n\n\n\n
_<\/em> an individual, directly or indirectly, into or away from a neighborhood or location in a multi-unit building on the bases of race, color, religion, sex, or national origin<\/p>\n\n\n\n
refusal by a lender to approve a mortgage loan based on a property being located in a certain geographical area, the age of the property, the income level of the residents, or the racial composition of the area<\/p>\n\n\n\n
consists of inducing an owner to list or sell on the basis that the neighborhood is deteriorating or becoming transitional due to an influx of minority persons<\/p>\n\n\n\n
cannot hold money in an out of state banking institution<\/p>\n\n\n\n
-cannot call someone before 8am and after 9pm
-can call someone from the DNC if you have a buyer interested in purchasing the property
-CANNOT Solicit for sale by owner
-can face a 40k fine<\/p>\n\n\n\n
Real Property<\/p>\n\n\n\n
rights of an owner whose property borders a flowing waterway (RIVER)<\/p>\n\n\n\n
the owner has a complete bundle of rights<\/p>\n","protected":false},"excerpt":{"rendered":"