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Salaried persons who rent or lease others' properties for periods of one year or less are exempted from licensure.
Any Florida real estate licensee who changes a mailing or business address and fails to notify the DRE within 10 days will be fined $100.
A salesperson or broker-salesperson who is issued a group license works for an owner-developer..
A special agent is authorized to handle only a specific business transaction and cannot make decisions for the client.
A fiduciary has invited and received the trust and confidence of another, in order to act for the other, and must exercise a certain standard of care.
A prospective buyer must be told of a blanket mortgage before the property is offered for sale.
Any place where salespersons are registered or where transactions are closed will require a branch office license. Distributing sales brochures will not trigger the registration requirement.
Publication of false advertising will result in administrative fine of $1,000 to a one year suspension.
"Immediately" for salesperson is defined as not later than the end of the next business day.
Failure to return an advance fee when the listing expired or within 18 months from the contract date, whichever is shorter will result in an administrative fine of $1,000 to a five year suspension.
A broker or salesperson who renders an opinion of title will be subject to an administrative fine of $1,000 to a six month suspension.
Only the general partners in a real estate limited partnership are registered with FREC.
Salespersons can be limited partners ONLY in a real estate limited partnership.
Impairment by drunkenness, or use of drugs or temporary mental derangement will result in suspension of license for the period of incapacity.
A real estate licensee who is confined in jail, prison, or mental institution will have the license revoked.
The license of a person who can no longer practice with skill and safety because of mental disease will be revoked.
Acknowledgement is not a contract requirement.
Recovery Fund payments for claims based on judgments against one broker or salesperson may not exceed, in total, $150,000.
The Civil Rights Act of 1866 prevents a private homeowner from discrimination based on race in selling, renting or leasing.
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