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Practice Of Real EstateLicense_lawEASY

Training example Silver Outline asks the question this way. In a Miami transaction, a buyer wants the Florida rule on broker qualification pathways. Which statement is correct?

Correct Answer

A) An applicant for a Florida broker license generally must show at least 24 months of qualifying active licensure experience during the preceding five years or other statutory equivalent experience.

An applicant for a Florida broker license generally must show at least 24 months of qualifying active licensure experience during the preceding five years or other statutory equivalent experience. This follows F.S. § 475.17; F.S. § 475.181; F.S. § 475.182; DBPR Licensure Information; DBPR Mutual Recognition page.

Answer Options
A
An applicant for a Florida broker license generally must show at least 24 months of qualifying active licensure experience during the preceding five years or other statutory equivalent experience.
B
A broker applicant must show 24 months of unlicensed real-estate sales activity during the preceding five years.
C
A broker associate may independently open a brokerage office without registering under a broker because the person already holds a broker license.
D
A sales associate may be paid directly by a customer so long as the employing broker approves it afterward.

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Related Topics & Key Terms

Key Terms:

floridastate_portionlicense_categorieslicense_law_frec_rules

Related Concepts

Florida brokers are required to maintain transaction records and escrow records for a minimum of five years.

A tie-in arrangement is an illegal antitrust practice in which a seller conditions the purchase of one product or service on the buyer's agreement to purchase a separate product or service.

A trust account, also called an escrow account, is a separate bank account maintained by a broker to hold funds belonging to others, such as earnest money deposits, security deposits, or other client funds.

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