Florida License Law
A Florida broker purchases a property for their own account using the same MLS access and market knowledge obtained as a licensee. Before entering into the purchase contract, the broker must:
ADisclose to the seller in writing that the buyer is a licensed real estate broker✓ Correct
BObtain FREC permission to purchase investment properties
CUse a separate non-licensed entity to avoid disclosure requirements
DDisclose their licensed status only if the seller asks
Explanation
Florida law requires licensees to disclose their licensed status in writing before entering into any contract to purchase property where they have a personal interest. The seller is entitled to know they are dealing with a licensed professional who has special knowledge and skill. This disclosure must occur before — not after — entering into the contract.
Related Florida Florida License Law Questions
- A Florida real estate broker who operates as a sole proprietorship must:
- A Florida real estate sales associate receives a referral fee from a title company for recommending their services to buyers. This arrangement:
- Florida real estate licenses must be renewed every:
- Under Florida law, a real estate brokerage must maintain an office in Florida if the broker:
- How many continuing education hours must a Florida sales associate complete during their first renewal period (after initial licensure)?
- The Florida Real Estate Commission is empowered to do all of the following EXCEPT:
- A Florida sales associate must work under the supervision of:
- FREC has authority to impose a maximum administrative fine of how much per violation?
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