Gold Coast Real Estate: Chapter 2 Already Graded A

Gold Coast Real Estate: Chapter 2 Already Graded A 1919: ️California enacted the first real estate license law 1923: ️Florida enacted first real estate license law. Ineffective because expensive & time consumption. 1925: ️FREC was created to administer & enforce law. 1941: ️Real estate license law was designated as chapter 475 of Florida Statutes 1979 & 1982 ️FREC was taken out then Reinstated 1988: ️FS 475 was going under modification, while postlicensing requirements and a program for appraisers was created. 1991: ️FS 475 Revised by the creation of Part I and Part II. Part I concerning real estate licenses, Part II concerning appraisers. 1993: ️DPBR (Department of Business and Professional Regulation) : ️Disclosure requirements were revised and modified repeatedly Purpose of Florida Real Estate License Law (FS 475) ️To protect the public; it is a consumer protection agency DPBR (Department of Business and Professional Regulation) ️"the Department: DRE (Division of Real Estate) ️"the Division" Florida Real Estate Commission ️"the Commission" Statuatory Services of Real Estate ️Appraising, Auctioning, Business Brokerage, Buying, Counseling, Exchanging, Leasing, Listing, Property Management, Advertising services, Renting (up to 12 months), selling, syndicating, Selling Timeshare units Qualifications for license: ️Social Security, 18 years of age, HS diploma or equivalent, Honest, trustworthy, truthful. Do you have to be Resident of Florida, or US Citizen? ️NO Prelicensing: ️1. complete sales associate/broker education and pass exam 2. Submit application for state exam, and payment of fee for license 3. Submit electronic fingerprints 4. Pass state exam 5. Obtain employment, and file employment to activate license Postlicensing: ️1. complete sales associate/broker education and pass exam 2. Pay renewal fee Continuing education: ️EVERY 2 YEARS Mutual Recognition ️Florida has this contract with 8 states; Alabama, Arkansas, Connecticut, Georgia,