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Florida Real Estate Liscense

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benzart's version from 2016-06-04 00:31

Section

Question Answer
What statute governs RealtorsF.S. 475
Persons Required to be lincensedPerforming a service of real estate
In FL
For another
For compensation
Statutory Services of Real EstateAppraising (non-federal)
Auctioning
Business Brokerage (opportunities and enterprise)
Buying
Counseling
Exchanging
Leasing
Listing
Property Managment
Advertising real estate services
Renting
Selling
Syndicating
Selling Timeshares
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Terms

Question Answer
CommissionFlorida Real Estate Commission (FREC)
DepartmentDepartment of Business and Professional Regulation (DBPR)
DivisionDivision of Rel Estate (DRE)
LicenseAny permit, registration, certificate, or license issued by the department
Licenseeany person to whom a permit, registration, certificate, or license is issued by the Department
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History of the Law

Question Answer
1919California enacted the first real estate license law
1923Florida first Real Estate Law, pursued in courts, ineffective
1925FREC created to enforce law
1941Law designated as Chapter 475
1979FREC renamed Board of Real Estate and placed under jurisdiction of DPR
1982Division os created within DPR FREC reinstated
1988Post Liscense educational requirements were instituted for Brokers, Sales Associates adn certification program for appraisers
1991F.S. 475 revised by creation of Part I and Part II
1993DBPR was formed by combining DPR and DOR
1993New disclosure requirements
2005Parts III and IV were added to F.S. 475 concerned with commercial and leasing commision lien acts.
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