These are the most important points for you to remember in this unit.
The Department of Business and Professional Regulation (DBPR) and the Division of Real Estate
The DBPR regulates licensed professionals in Florida.
The governor appoints the Secretary of the DBPR with the approval of the Senate.
The legislature intends that
professions should be regulated only to protect the public, and only when other means of regulation are not available. and
no department or board can create unreasonable restrictive standards.
Funds received by the Division of Real Estate can be used only for real estate regulation.
The state exam is confidential.
It is a 3rd degree felony if a person steals or copies a state exam.
The Florida Real Estate Commission
The Florida Real Estate Commission (FREC) has seven members appointed by the governor with confirmation by the state senate.
FREC members can serve a maximum of two terms.
The Florida Real Estate Commission is a consumer protection agency.
License Renewal and License Status
The effective date of the license is the date the licensee passed the exam.
The two renewal dates are March 31 or September 30.
The license is good for two years.
A member of the Armed Forces whose license is inactive is exempt from renewing the license so long as he or she is a member of the Armed Forces on active duty and for a period of 2 years after discharge.
A licensee whose license is inactive cannot provide real estate services.
There are two types of inactive licenses: voluntary and involuntary.
Voluntary inactive status is for a person who regularly renews, but doesn’t wish to engage in real estate.
Involuntary inactive status is the term for a person whose license has not been renewed. After two years in that status, the license will become void.
Before 12 months, the licensee can take continuing education and renew.
After 12 months, but before 24 months. the licensee must take 28 hours of reactivation education and renew.
Licenses of sales associates or broker associates become inactive if the broker dies
The license of a licensee who fails to complete the post-license course and renew is void.
Multiple and Group Licenses
Brokers can hold more than one broker license (multiple licenses) and be the broker for many different entities.
Sales associates and broker associates can hold just one license.
Owner-developers may wish to employ licensed sales associates that work for several companies under a group license.