A real estate professional needs a license because: He has expert information on real estate that an average layperson does not have.
Which of the following tasks would require a real estate license quizlet?
Which of the following tasks would require a real estate license? Administrative tasks are fine, but anything that involves activities normally performed by a licensee (such as meeting with the public to show real estate) would require a license.
Which person is not required to hold a real estate license quizlet?
Which person is NOT required to hold a real estate broker’s license? The answer is an onsite manager of an apartment complex. Neither an onsite manager of an apartment complex nor an owner’s employee who leases the owner’s real estate is required to hold a real estate license.
Which of the following is a requirement for a person to become a real estate license in Florida?
Which of the following is a requirement for a person to become a real estate licensee in Florida? A Social Security number. In addition to taking and passing the pre-license course and the state exam, what else must you do to obtain an active sales associate licese and practice real estate?
Why does a real estate professional need a license quizlet? – Related Questions
Who is exempt from real estate license Florida?
EDUCATION EXEMPTIONS: If you hold a 4 year degree, or higher, in real estate you may be exempt from the pre-license education requirement. In order to determine your exemption please submit an original certified transcript with your application for review.
Which individual is required to have an active Florida real estate license?
An active Florida real estate sales associate license is required when you represent a buyer or seller in a real estate transaction, including listing, selling, purchasing, leasing, lease options and renting, and earn a commission for services rendered.
Which individual must hold a Florida real estate license quizlet?
A person appointed by a court of law to sell real estate must be a licensed real estate broker. Persons who rent lots in a mobile home park must hold a real estate license.
Which requirement is one of the essential elements of a valid real estate contract?
Required Elements of a Real Estate Contract
To establish legality, a real estate contract must include a legal purpose, legally competent parties, agreement by offer and acceptance, consideration, and consent.
Which Florida statute gives the Department of Business and Professional Regulation Dbpr the authority to regulate licensees of all professions under the DBPR?
Which Florida statute governs the DBPR and the professions under the DBPR? The answer is Chapter 455, F.S. Florida Statute 455 governs the DBPR and the professions regulated by the DBPR.
Which duty is only required in single agent relationships?
The duty of obedience is unique to the single agents relationship. In all three brokerage relationships, when dealing in residential real estate, the licensee must disclose all known facts that materially affect the value of the real property.
What is a single agent?
The real estate term “single agency” means that a broker or agent will represent the interests of either the seller or the buyer. They may act as either the listing agent or the buyer’s agent, but not both. The agent will sit on only one side of the transaction.
What is a single agent quizlet?
What is a single agent? A broker who represents as a fiduciary, either the buyer or seller, but not both in the same transaction.
What are the three types of brokerage relationships?
Types of Brokerage Relationships: A real estate licensee may work with a buyer or seller as a seller’s agent, buyer’s agent or transaction broker.
What is a no broker relationship?
No Brokerage relationship is a term when the seller or the buyer choose not to represent to the broker. A broker working on the no brokerage relationship can enter a listing agreement and get paid by both the parties seller and buyer.
Is it OK for a Realtor to represent buyer and seller?
Real estate professionals cannot engage in dual agency, except in very specific circumstances. Your real estate professional cannot represent both you (the buyer) and the seller in the same transaction. However, you can choose a different real estate professional to represent you going forward.
What is a relationship broker?
The role of a relationship broker is to invest the time to source the most appropriate funding solutions to take forward to funders on behalf of the client, freeing them up to work on their businesses, rather than working in them.
What is social broker?
The Social Broker is a content membership empowering real estate agents to build a polished & thriving online brand. They provide monthly content plans with daily post ideas, images, graphics, and captions.
Is a broker a universal agent?
A universal agent is a person who can provide advice and representation services to real estate buyers and sellers. They are also called real estate brokers, agents, or consultants.
Which of the following is considered a lawful practice in real estate brokerage?
Which of the following would be considered lawful practice in real estate brokerage? solicit an offer to purchase the property from a prospective buyer.
What are the obligations of a real estate agent?
To reduce the chances of misleading you, real estate agents must take care to: disclose all information relevant to the price of the property. advertise the selling price based on a reasonable market appraisal or the price the seller has indicated they are likely to accept.