In Florida, real estate agents must obtain a license before practicing. Licenses are required for both brokers and salespersons. To become an agent in the state of Florida, applicants must be at least 18 years old; however, they do not need to be U.S. citizens or permanent residents (Florida Department of Business & Professional Regulation).
The application process for Florida real estate agents is fairly simple. In order to apply, applicants must complete a pre-licensing course and pass the state’s exam (Florida Department of Business & Professional Regulation). Furthermore, once licensed in the state, licensees are required to partake in continuing education courses every year. Need to study for your exam? We have the best flashcard app to save you hours of study! Sign up free!
What are the Real Estate License requirements in Florida?
In order to get a Florida Real Estate License you must be at least 18 years old and have earned 60 semester hours from an accredited college or university, including 24 semester hour of instruction devoted to courses which cover fundamental subjects pertaining to the type of work involved. You must pass a drug test and criminal background check after paying the necessary fees before you can get your sales associate license.
To apply for your license you’ll need to fill out an application with the Department of Business and Professional Regulation, along with holding $100,000 surety bond as well as passing a state exam: one covering national codes such as the Fair Housing Act, Equal Credit Opportunity Act, and the US Patriot Act. The other will be a final exam that is a state specific exam going over Florida-specific laws, such as those regarding contracts and agency disclosure requirements.
Once you have passed these exams it’s time to pay your application fee which is $102, then submit fingerprints for a criminal background check by BCI&I/LEER. Once your application is approved you can begin selling real estate as a sales associate!
What are the career possibilities once I have my Florida real estate exam license?
There are many different paths an agent may choose to take after receiving their Florida Real Estate License . For example, they could work for a Brokerage Company which would mean working under another broker in order to sell real estate. Alternatively, they could choose to work independently and purchase their own business or even become an owner/broker. There are many choices available for those who have a Florida Real Estate License
What is the average salary of someone with this license?
The Bureau of Labor Statistics reports that in 2014 agents made on average $42,300 annually. These numbers vary widely depending on which career path you take: for example, self-employed agents make much more than those employed by a brokerage company. Agents who work as a sales associate in the real estate industry also tend to benefit from bonuses and commissions once they have closed deals as well!
What does this license allow me to do?
A Florida Real Estate License allows you to sell, lease, and rent real property throughout the state. You will also be able to provide brokerage services such as locating properties for clients, showing them any available listings in their price range and desired location, negotiating contracts with buyers or sellers on behalf of your client(s), preparing sales agreements/closing documents related to the sale or lease of real estate, distributing rent amounts to property owners and/or landlords, assisting your client(s) in resolving disputes with other parties (i.e.: tenants), among many other services.
What is an example of what I could do on a daily basis?
One way you can get started as a new agent is with a company called Keller Williams. In order to get started as an agent at this firm you’ll need to pass their real estate licensing exam and have your license within the state of Florida, among other requirements. Once you’ve been approved by them they will provide training on how to be successful in selling real estate while also looking for opportunities to assist you with your career.
What is the best way to learn more about this license?
If you’re interested in getting a Florida Real Estate License there are many different pre licensing course avenues available for doing so: online courses, private tutors and/or mentors (i.e.: someone already working within the real estate industry who will work one-on-one with you, for a fee), or an actual college degree. The best way to find out which option is right for your needs and desired career path would be by doing thorough research on each of them!
Are there any other resources I could use?
In addition to online courses, mentors/tutors, and traditional degrees, there are also other organizations you could turn to for assistance in becoming a real estate agent. For example: The National Association of Realtors (NAR) provides training and certification classes that can be taken online or in person at their headquarters located in Chicago. There is an exam given during the end of each course which must be passed with a score of 75% or higher to receive certification.
What are the steps I need to take in order to get my license?
The first step you’ll want to take when looking into Florida Real Estate License requirements is figuring out if you’re already eligible for obtaining one without additional training or education. This can be determined by reading through Rule Chapter 69J-38 of the Florida Administrative Code. Once you’ve done that, then it’s time to start researching your options for training and certification!
How long will this license be valid?
Once you have received a real estate license in Florida (through whichever route) , it is good for life as long as there are no serious disciplinary actions taken against you. If this is the case, you will have to re-apply through the Florida Real Estate Commission.
How can I find out more about being a real estate agent?
If there’s any specific area of interest within real estate that interests you, do some research on it! For example: commercial/industrial or residential agents, luxury homes or first time homebuyers. This will help you narrow down your path of training and certification options to find the best match for both you and what you’re looking to accomplish!
Do I need any prior experience?
If this is something that interests you but don’t have previous sales/negotiations experience there are many different online courses that can help you learn the basics of real estate! For example: University of Florida’s Real Estate Institute offers an interactive on-demand course entitled “Real Estate Salesperson Essentials” which helps students understand what it takes to be successful in this industry.
What are some other things I need to know about licensing requirements?
For those who are currently working as real estate agents within the state of Florida, there is a grandfather clause which takes into consideration how long you’ve been in this career and what route you took to obtain your license. If it has been less than one year since receiving a commission from your first sale/lease then you will be required to complete an additional 12 hours of continuing education courses in order to keep your license valid.
Do I need a specific amount of money to obtain this license?
There are many different options available for completing Florida Real Estate License requirements no matter what type of budget you have! For example: The University Of Central Florida offers an online real estate course that costs $395 and includes textbooks, lectures, quizzes/tests (with feedback), exams, etc., while the College of Central Florida offers a live classroom course that costs $649.
What are some other things I should know about real estate licensing requirements?
If you would like to become an agent within this industry there is no time limit on when you must get your license. However, if this is something that interests you and want to start working towards it then don’t wait too long! According to the National Association of Realtors (NAR) employment in real estate sales was expected to grow 11% between 2012-2022 which means there will be plenty of opportunity for those looking to get their start!
Do I need to do any pre-licensing courses in order to apply?
The Florida Real Estate Commission does not require applicants for licensure take a real estate salesperson course or examination before they submit an application. However, these are available if you would like to complete them beforehand so that when it’s time to submit your application you will be ready to do so!
How long does it take for me to receive my license?
Once the Florida Real Estate Commission has received and approved your education/training, they will process your final paperwork within 15 business days. Once that’s complete all that is left is holding onto the documents until such a time that you are ready to get your license issued!
What other types of licenses are needed in the industry?
There is not typically a separate licensing requirement for brokers. However, according to Business And Professions Code Section 10138 some broker’s responsibilities include dealing with contracts and negotiations on behalf of their clients while working alongside real estate agents who handle the transactions and paperwork. A broker’s license covers many additional responsibilities beyond that of a real estate sales associate.
What other types of licenses are needed in the industry?
There is not typically a separate licensing requirement for brokers. However, according to Business And Professions Code Section 10138 some broker’s responsibilities include dealing with contracts and negotiations on behalf of their clients while working alongside real estate agents who handle the transactions and paperwork.
What’s the difference between a real estate agent and a Realtor?
The most frequently asked question we get at Real Estate License Orientation is about the difference between a real estate agent and a realtor. While both are used interchangeably, there actually is a distinct difference! A Realtor® has completed their education, training and testing to become an expert in all aspects of real estate transactions.
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