FL Real Estate Exam - Dates and time periods to remember

FL Real Estate Exam - Dates and time periods to remember Flashcards Notice required for week to week tenancy at will 7 days Number of days for landlord to notify tenant if making a claim on the deposit.30 days Time period for broker to deposit funds into escrowEnd of third business day Number of days to institute settlement procedure after receiving conflicting demands.30 calendar days Number of days to inform tenant regarding how funds are being held.30 days Number of days licensee has to accept or file a written objection to a citation 30 days Number of days to correct minor infraction listed in notice of non-compliance.15 days Penalty for 2nd degree misdemeanor60 days and/or $500 fine Time period to preserve broker's business records (two years after litigation if longer than 5 years)

• years

Time period after notice is posted by sheriff that eviction will take place and landlord recovers the property.24 hours Time period allowed to cancel contract under the Interstate Land Sales Full Disclosure Act

• days

Number of years of hostile possession to claim adverse possession

• years

Number of days to file construction lien retroactive to the date of the first delivery of material or the first day of work) 90 days Time period for DPBR to receive a request to review the state license exams.21 days Penalty for 1st degree misdemeanor1 year and/or $1000 fine Time period allowed to file claim against recovery fund2 years Number of days to notify the DBPR if a licensee becomes a non-resident.60 days Number of days to give loan applicant an estimate of settlement costs (or at time of loan app)

• business days

Number of days after which a final order becomes effective30 days Time period for tenant to file a written objection to the landlord's claim on deposit.15 days Required for broker applications obtained within preceding 5-year period

• years experience

Number of days to give information booklet concerning settlement costs to loan applicant (or at time of loan app)

• business days

Notice to cancel resale co-op or condo contract 3 business days

Time period for sales associates to turn funds over to broker End of next business day Maximum period of suspension10 years Notice to cancel co-op or condo contract with developer15 days Salaried managers of condominium or co-op units who prepare rental agreements with a duration longer than one year must be licensed.More than one year Number of days to notify the FREC of conflicting demands or good faith doubt 15 calendar days Number of days to replace broker of record 14 calendar days Notice required to cancel month to month tenancy at will15 days Notice to cancel time-share contract10 days Time period after which the license application expires, and the prelicense course expires.

• years

Number of days borrower has the right to cancel the loan contract following signing loan docs for home equity lines of credit, second mortgage and refi loans.

• business days

Number of days for landlord to return security deposit if not making a claim on deposit.15 days Period required to retain brokerage relationship disclosures for all transactions that result in a written contract

• years

Number of days for lender to provide APR disclosure (or at time of loan app).

• business days

Number of days to notify the FREC if the broker requested an EDO and the escrow dispute is either settled or goes to court before the EDO is issued.10 business days Minimum time period of uninterrupted use to create an easement by prescription 20 years