Which of the following types of business entities may not register as a Florida real estate broker?

A corporation sole cannot be registered as a real estate broker.

Which of the following Cannot register with Dbpr to provide real estate services to the public?

Corporation sole and joint ventures cannot register to broker real estate. A general partnership can register with the DBPR to perform brokerage services. An ostensible or quasi-partnership is not a true partnership.

Can a Realtor be an LLC in Florida?

Florida Real Estate Professional Become a PA, LLC or stay a sole proprietor? … Florida license law allows sales associates and broker associates to incorporate as individual licensees for the tax benefits and personal risk reduction.

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Which type of business brokerage entity is not required to file with the Florida Department of State?

Which type of business brokerage entity is NOT required to file with the Florida Department of State? The answer is general partnership. A general partnership is created by a contract that may be written, oral, or implied from the conduct of the parties.

Which property would be defined as residential real estate under Chapter 475 Florida Statutes?

Which property is defined as residential real estate under Chapter 475, Florida statutes? The answer is EIGHT ACRES OF AGRICULTURAL PROPERTY. Residential real estate is defined in Chapter 475, F.S., as four or fewer residential units, or agricultural property of ten or fewer acres.

What action may be taken if either the Florida Real Estate Commission or the licensee disagrees with a recommended order submitted by the administrative law judge?

(d) File an appeal with the District Court of Appeal. If the licensee does not agree with the final order of the Commission, a petition for review may be filed with the Florida District court of Appeals within 30 days of the final order.

What position may a sales associate or broker associate hold in a corporation?

Yes, a broker-associate can work in the capacity of a salesperson for another licensed real estate corporation or corporations as long as it is permitted under the affiliation agreement signed by the applicable parties.

What is a pllc vs LLC?

A PLLC is a kind of LLC specifically for licensed professionals. The difference between an LLC and a PLLC is mainly that only licensed professionals such as architects, doctors, lawyers and accountants can form PLLCs. … Some states even go as far as only allowing licensed professionals to form professional corporations.

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What is a PLLC in Florida?

A Florida PLLC is a limited liability company (LLC) formed specifically by people who will provide Florida licensed professional services. … Like other LLCs, PLLCs protect their individual members from people with claims for many (but not all) types of financial debts or personal injuries.

What does PLLC mean?

A professional limited liability company (PLLC) is a business structure that offers personal asset protection for business owners in licensed occupations, such as medicine and law. Only recognized in some states, PLLCs are subject to the same laws as ordinary LLCs.

Is a sole proprietorship a business entity?

Sole proprietorship

Sole proprietorships do not produce a separate business entity. This means your business assets and liabilities are not separate from your personal assets and liabilities. You can be held personally liable for the debts and obligations of the business.

Which is not a requirement for a successful listing presentation?

Which is NOT a requirement for a successful listing presentation? To have at least six months experience in making a listing presentation. Question to ask when qualifying a buyers housing objectives… Do Not include “How Much Cash” is available for a down payment.

Which form of business ownership does not file profits and losses on personal tax returns?

Sole Proprietorship

Sole Proprietorships are the most common form of legal structure for small businesses. Taxation: A sole Proprietorship has pass-through taxation. The business itself does not file a tax return.

What is Chapter 475 Florida?

475.001 Purpose. —The Legislature deems it necessary in the interest of the public welfare to regulate real estate brokers, sales associates, and schools in this state. History.

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Which type of estate is a written agreement creating a non freehold estate in real property that provides for occupancy of a specific property for a specific time period?

Types of Nonfreehold Estates

Also called an estate for years or tenancy for a definite term, this is an estate that is created by a lease. A lease is a contractual agreement where a tenant takes a leasehold interest in a real property for a specified duration.

What is the purpose of FS 475?

Chapter 475, F.S., relates to real estate brokers, salesmen, and real estate schools, and sets forth certain regulatory requirements and prohibited activities to be administered and enforced by the Florida Real Estate Commission within the Department of Professional Regulation.