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14 Cards in this Set
- Front
- Back
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What is an owner developer? |
A person who is unlicensed but sells, exchanges and/or leases their own property. |
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A real estate company that owns land that it develops into subdivisions & then builds and personally sells the homes (without hiring a broker) is an example of |
An owner-developer |
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If an owner developer has a sales staff, when can his/her sales staff be paid on a transactional basis (like licensed RE agents)? |
When they have earned an actived RE license, otherwise they must be paid strictly on a salaried basis. |
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An individual who holds a broker's license but chooses to register & work under the direction of another broker is called... |
A broker associate |
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Why do many sales associates earn a broker's license & then work under another broker? |
Because many of them want to enjoy the prestige of a broker's license w/o having to open their owner brokerage businesses. |
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What are the first 3 things you must do to get a Real Estate license? |
1. Enroll in required RE course 2. Submit DBPR license application 3. Submit fingerprints to test vendor |
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How long does a DBPR (RE associate) application stay on file before it expires? |
2 years |
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Where can you find the FL real estate application (DBPR) |
www.myfloridalicense.com |
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Who does RE applicants pay the exam & fingerprint fee to? |
The test vendor |
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Why must RE applicants submit fingerprints? |
To determine the presence or absense of a criminal history |
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Where are fingerprints for the RE application usually taken? |
At the test site or other location subcontracted by the test vendor |
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Why is your SSN required to be included in the RE application? |
Your SSN number is used to determine whether applicants are in compliance with child support obligations. |
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What applicants might be eligible to have their RE application waived? |
Veterans & spouses of veterans within 60 months of a dishonorable discharge. (Waiver does not include exam & fingerprint fees) |
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Who does one contact to schedule a fingerprinting appointment? |
Contact Pearson VUE at http://pearson.ibtfingerprint.com |
