What appears on a Florida real estate license?

What appears on a Florida real estate license?

Steps to Get Your FL Salesperson License

The Florida Real Estate Commission (FREC) requires completion of the following steps in order to receive a Real Estate Salesperson License in Florida.

  1. Complete 63 Hours of Approved Education
  2. Pass the Course Final Exam
  3. Submit Fingerprints
  4. Complete the Licensing Application
  5. Pass the Florida Real Estate Exam

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  • You must be at least 18 years old
  • You need a United States Social Security number
  • You must hold a high school diploma or have your GED
  • The first step to obtaining a license is to complete the 63 clock-hour Florida Pre-License Course. This course covers everything you need to become a Sales Associate and pass the licensing exam.

    Topics include:

    • Foundations of the real estate business
    • Real estate regulations and statutes
    • Agency relationships
    • How to remain compliant with state and federal laws
    • Real property laws
    • Financing options and mortgages
  • After you complete the 63-Hour Course, you must meet FREC's minimum course time requirement, and pass the Unit exams, you will need to take and pass the course final exam with a score of 70% or higher. If you fail the exam, you may retest once within the year of original examination.

    If you fail more than one time, you will need to retake the entire course before being eligible to retake the course final exam.

  • Once you have completed and passed your course exam, you will need to submit fingerprints to the DBPR 5 days prior to submitting your license application.

  • Next, you will need to apply for a license with the Florida (DBPR). Once your appliaction is approved, you will recevie a notice from the DBPR with an attached RE Application ID number.

  • Finally, you must pass both the state and national portions of the Florida Salesperson License Exam. You can schedule your exam with Pearson Vue online.

On average, the time it takes to get a Florida real estste license is anywhere between 2-5 months. Some students are able to complete the required 63-Hour Pre-License course in just a few weeks while other students may take several months depending on the time they have to spend within their course.

After completing the required class, students should plan to spend an additonal 1-2 months finding a sponsoring broker, going through the license application process, and passing the Florida real estate exam.

How Much Does It Cost to Get a Florida Real Estate License?

The cost to become a real estate agent in Florida can vary depending on the cost of school tuition, where students get their fingerprints and background checks at, and whether students pass their exam on their first attempt or not. However, on average, students should expect to pay around $375.00 to receive their license.

Course Tuition $200.00
Fingerprinting Fees (vary by location) $50.00
Application Fee $89.00
Examination Fee $36.75
Total $375.75

Post-License Education

Once you receive your license, FREC requires you to complete a mandatory course of Post-License education before renewing for the first time.

Sales Associates

Licensees holding a Florida Real Estate Sales Associate License must complete 45 credit hours of Post-License education.

Brokers

Licensees holding a Florida Real Estate Broker License must complete 60 credit hours of Post-License education.

Purchase a Post-License Course

Florida Real Estate Agent Essentials

A real estate license in Florida opens the door to multiple career paths! The most popular option for real estate licensees is real estate sales.

Thousands of Floridians get their real estate licenses every year specifically to become real estate agents. And for good reason! Real estate agents can work flexible schedules, be their own bosses, and enjoy unlimited income potential.

But real estate sales isn’t your only option. Your Florida real estate license can help prepare you for several other exciting career paths as well.

When do you need a real estate license?

Under Florida Statute 475.01(1)(a), you must be licensed to perform any of the following real estate activities for compensation:

  • Marketing, advertising, auctioning, or listing another person’s property for sale
  • Representing a seller in any other way in the sale of a property
  • Representing a buyer in the purchase of a property
  • Renting or leasing a property, on behalf of the lessor or lessee, on a commission basis (although unlicensed leasing agents are allowed on a wage or salary basis).

So which career paths fall under this requirement? Let’s look at your career options.

Career options available to those with a real estate license

Once you have a real estate license, you can pursue any of these career paths:

1. Real Estate Agent or Realtor®

The classic real estate license career, being a real estate agent in Florida requires a real estate license. You can also kick your career up a notch by joining the National Association of Realtors (NAR) to officially earn the title of Realtor. This requires paying annual dues and committing to the Realtor Code of Ethics.

2. Commercial Real Estate Agent

The average real estate agent sticks with residential sales. Working more complex transactions for commercial and industrial properties provides additional opportunities for growth and professional challenges. You’ll also be able to make more money closing fewer deals since commercial property values are typically higher than residential values. Of course each of these deals also requires more hours than the average residential transaction.

3. Managing Broker

Managing brokers can legally perform all the same actions as a licensed real estate agent, but they also have the power to hire other real estate professionals and even run their own real estate firms. To become a managing broker, you’ll need to earn your Florida broker license, but you need to earn your real estate license first since Florida requires managing brokers to have at least two years’ experience as a licensed real estate agent before pursuing a broker license.

4. Property Manager

Property managers make sure rental properties run smoothly on behalf of the property owner. This could mean managing an apartment complex, an office building, a bunch of single-family homes, or any other real estate portfolio.

Interestingly, you don’t have to have a real estate license if you’re working on behalf of a licensed property management company as a salaried or hourly worker. But it can often be more lucrative to work independently on a commission basis, which does require a real estate license. It’s nice to leave yourself the option.

5. Real estate investor

As the name implies, real estate investors invest in real estate. This could mean buying a property and renting it out or buying a property and flipping it for a profit. While you don’t technically need a real estate license in Florida to buy and sell your own properties as an investor, having a real estate license gives you more flexibility as an investor. You’ll be able to market your properties on the MLS (Multiple Listing Service) and can even earn a commission on your transactions.

A real estate license in Florida prepares you for all these career paths. And with so many options to choose from, you can be sure the investment in getting your real estate license is a smart one.

Florida Regulatory & Licensing Information

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