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.

Which individual must hold an active real estate license quizlet?

An owner-developer’s sales staff must hold active real estate licenses in order to be paid a commission or other compensation based on actual sales (that is, on a transactional basis).

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.

Who is required to hold a Florida real estate license?

Which individual must hold a Florida real estate license? Lawyer who receives a share of the commission for each transaction result from the referral of a client to a local brokerage office. A lawyer is exempt from a real estate license if performing work within the scope of an attorney-client relationship.

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Who needs a real estate license in Florida?

License law enacted by state legislatures is designed to protect the public from unqualified, unethical real estate professionals. If you want to buy and sell a property for compensation, you must have an active Florida real estate license from the Florida Department of Business and Professional Regulation (DBPR).

What disqualifies you from being a real estate agent in Florida?

What Felonies Will Exclude You From Becoming a Real Estate Agent? Whether or not you can get a real estate license in Florida boils down to is the type of felony you committed and how long ago it occurred. A moral turpitude felony, or a crime against a minor or elder, or a sexual crime is likely a deal-breaker.

What does the Frec do?

The Florida Real Estate Commission (FREC) is the government office that regulates real estate education and licensure for the state of Florida. FREC is overseen by the Florida Department of Business and Professional Regulation (DBPR).

Can you be a realtor with a felony in Florida?

If you have a capital or first-degree felony, for example, your application will be denied. But if you committed a felony like tax evasion or breaking and entering and it’s been 15 years, your application might get approved.

Which individual must hold a Florida real estate license quizlet?

Which individual must hold a Florida real estate license? LAWYER WHO RECEIVES A SHARE OF THE COMMISSION FOR EACH TRANSACTION RESULTING FROM THE REFERRAL OF A CLIENT TO A LOCAL BROKERAGE OFFICE. A lawyer is exempt from a real estate license if performing work within the scope of an attorney-client relationship.

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Does Florida reciprocal real estate license?

Florida offers real estate reciprocity, known as “mutual recognition agreements’ with eight states: Alabama, Arkansas, Connecticut, Georgia, Illinois, Mississippi, Nebraska and Rhode Island. … Upon passing the test, you can earn your Florida real estate license and expand your territory.

Can an attorney act as a real estate agent 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.

Do you have to be a Florida resident to get a Florida real estate license?

To apply for a real estate license in Florida, you must be at least 18 years of age, have a valid U.S. Social Security number, and have a high school diploma or its equivalent (an international equivalent, or a GED). Note that it is not necessary to be a Florida resident to obtain a Florida real estate license.

How much does a realtor make in Florida?

According to the Bureau of Labor Statistics (BLS), the annual mean wage for Florida real estate agents in 2020 was a respectable $61,120.

Which requirement is one of the elements of a valid real estate contract?

The contract must be in writing and there must be an offer and an acceptance of said offer. In order for a real estate contract to be enforceable by law, it is required to be in writing.