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14 Cards in this Set

  • Front
  • Back

Broker

A person who performs real estate services for compensation

Broker associate

An individual who meets the requirements of a broker but chooses to work under another broker

Compensation

Anything of value

Expungement

To destroy a criminal conviction

Fl resident

Resided in fl for 4 mths or more

Mutual recognition agreement

agreement between fl & another state that recognizes each other’s prelicensw education

Nokomis contendere

Plea of no contest

Owner-developer

Unlicensed entity that sells, exchanges, or leases it’s own property

Prims facie

Good and sufficient

Reciprocity

Practice of mutual exchanges of privileges

Registration

Official placement of real estate business or individual into dbpr’s records

Sales associate

Performs real estate under direction of active broker or owner-developer

Sealed

Records that can’t be examined except by order of court or designated officials

Withhold adjudication

If court determines defendant won’t engage in criminal activity they can be put on probation