Florida Actual Estate Regulation

Professional Actual Estate Management & Investment Companies Inc. This paragraph could also be deemed to bar any individual from licensure who has carried out any of the acts or services described in s. 475.01(3), except exempt pursuant to s. 475.011, during a period of 1 yr next preceding the filing of the applying, or in the course of the pendency of the application, and till a legitimate current license has been duly issued to the person, no matter whether the efficiency of the act or service was done for compensation or precious consideration.

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Additionally, the parties to a real property transaction are giving up their rights to the undivided loyalty of a licensee. (i) Has change into briefly incapacitated from appearing as a dealer or gross sales associate with safety to traders or those in a fiduciary relation with him or her because of drunkenness, use of medication, or momentary psychological derangement; however suspension of a license in such a case shall be only for the interval of such incapacity.

(2) For the aim of performing its duty beneath subsection (1) to educate persons holding a license or allow, the commission may conduct, offer, sponsor, prescribe, or approve real property instructional courses for all individuals licensed or permitted by the department as brokers, dealer associates, sales associates, or instructors; and the fee and expense of such programs shall be paid as offered in s. 475.125.

(l) Transaction dealer” means a broker who offers restricted representation to a purchaser, a seller, or both, in a real estate transaction, but does not characterize either in a fiduciary capacity or as a single agent. (d) A gross sales associate who is required to complete any postlicensure training requirement should complete any postlicensure training requirement and hold a present and legitimate license with the intention to be eligible for licensure as a dealer.