A salaried Florida apartment employee works on site at the employer's community. The employee proposes to lease the employer's units, collect rent for the employer's units, and separately negotiate leases for three off-site condos owned by unrelated investors. How many off-site condos can the employee handle under the apartment-employee exemption without stepping outside that exemption?
Correct Answer
B) 0
The apartment-employee exemption is tied to the employer's own apartment community. It does not extend to off-site condos for unrelated owners. So the number is 0.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Real property is immovable land and anything permanently attached to it, while personal property (also called chattels) is movable.
Tenancy by the entirety is a form of co-ownership available only to married couples that includes the right of survivorship and protection from individual creditors. Neither spouse can unilaterally sell or encumber the property.
Tenancy in common is a form of co-ownership in which two or more persons hold separate, undivided interests in property without the right of survivorship. Each owner can hold unequal shares and can independently transfer their interest.
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Previous Question
A property manager in Gainesville receives notice that a tenant passed away with 8 months remaining on their lease. The deceased tenant's adult daughter wants to assume the lease, but she doesn't meet the original income requirements. The lease has no succession clause. What are the property manager's options under Florida law?
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Compliance case Silver Checklist frames the issue this way. In a Tallahassee transaction, a closing coordinator wants the Florida rule on when property-management activity requires a real-estate license. Which statement is correct?