Which of the following activities would require a real estate license?

Which activity would require a real estate license?

Although specific activities may vary from one state to another, the list of activities requiring a broker’s license generally includes negotiating real estate transactions, including sales, leases, and exchanges.

Who would require a license real estate quizlet?

A real estate license is required when a person performs a real estate act for another for compensation. This compensation can be a commission, a fee, a salary or anything of value.

Which of the following are exempt from real estate licensing?

Exemptions to the license requirement include: resident managers of apartment buildings and complexes or their employees; short-term (vacation – only if under 30 days) rental agents; employees of certain lending institutions; employees of real estate brokers for specific, limited functions; certain agricultural …

What appears on a real estate license?

The real estate license indicates the name of the licensee, the type of license, the licensee’s address, effective date, expiration date, Seal of the State of Florida, the name of the Governor and the name of the secretary of the DBPR.

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How are Frec members paid?

– The Florida Real Estate Commission (FREC) is made up of selected volunteers, not state employees. FREC members are paid a per-day rate for reimbursement. … The Commission is made of SEVEN members. The Commission’s purpose is to protect the public.

Which of the following is the best definition of real estate?

Real estate is the land along with any permanent improvements attached to the land, whether natural or man-made—including water, trees, minerals, buildings, homes, fences, and bridges. Real estate is a form of real property.

Who elects the chairperson of the Frec?

11 Cards in this Set

Membership on the FREC is obtained by: is appointment by the Governor, subject to confirmation by the senate.
Who appoints the chairperson of FREC? The FREC members
The Real Estate Education and Research pays for its programs by: By interest from a transfer from the Real Estate Trust fund.

Which is true when a broker cooperates with other broker in a sale?

A broker’s desire is to locate buyers for properties, whether he or she is actually listing the home. … A cooperating broker earns a share of the commission paid at the close of the sale; the specifics of the commission distribution are agreed upon between both brokers.

What is the real estate fund and where does it’s money come from?

A real estate fund is a type of mutual fund that invests in securities offered by public real estate companies, including REITs. REITs pay out regular dividends, while real estate funds provide value through appreciation.

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Which individual is exempt from real estate license quizlet?

Individuals who have earned a four-year degree or higher in real estate are exempt from the sales associate and broker prelicense courses, as well as the post-license requirement. They are not exempt from the continuing education requirement.

Which of the following are contingencies in a real estate contract?

Contingencies can include details such as the time frame (e.g. “the buyer has 14 days to inspect the property”) and specific terms (e.g. “the buyer has 21 days to secure a 30-year conventional loan for 80% of the purchase price at an interest rate no higher than 4.5%”).