Real Estate Business
Real Estate agent concentrating on a specific area.
What is Farming?
The required course for Post licensing
What is the 45 Hour course
The only FREC commission power that can act alone.
What is the Executive Powers?
Sally works for ABC realty on Monday and Friday, and XYZ on Tuesday and Wednesday
What is this is illegal , violation of FS 475
Both you and your broker have this type of duty to his principal.
What is Fiduciary?
A home built with certain specifics picked out ahead of purchase
What is a Spec Home?
Failure to complete the 45 hours of education
What is your license is null and void
Licensee is not currently working with a broker, but their license is valid.
What is voluntary inactive?
Your buyer is you your principal.
What is a single agent?
A real estate Brokerage office cannot be located here.
What is a motor home?
Valuation, Transfer, and marketing.
What a real estate agent needs to be an expert in?
You have a broker's license but are acting as a sales associate.
What is a Broker Associate?
This type of company is registered but not licensed.
What is an Owner Developer?
You are working with both a buyer and a seller in limited capacity.
What is a Transaction Brokerage?
This type of office can be reopened at the same location if it is within the 2 years of the registration.
What is a branch office?
Four properties, four lots or 10 acres
What is considered residential property?
Someone who acts with Power of Attorney
What is an attorney in fact?
They meet every month in Orlando.
Florida Real Estate Commission
This type of agent in agency law handles a single transaction.
What is a special Agent?
Brokerage is holding escrow and there is a dispute.
Broker must notify FREC within 15 days
A home built to a client's specifications.
What is a custom home?
What is completing a 72-hour course and being an active agent for at least 2 years?
You have 21 days to request a hearing.
What is your license is denied?
You receive an oral offer that is currently lower than your current written offer.
What is must present all offers?
This must be located on every real estate brokerage corporation.
What is a sign?