One of the industries that is making most of the global economic progress is real estate. Applicants need to complete 8 statuary courses which generally include, Advanced Legal Aspects of Real Estate, Advanced Real Estate Finance, Advanced Real Estate Appraisal, Business Law, Computer Applications in Real Estate, Common Interest Developments, Escrow, Legal Aspects of Real Estate, Mortgage Loan Brokering and Lending, Real Estate Practice, Real Estate Finance, Real Estate Appraisal, Real Estate Economics or Accounting, Real Estate Principles, Property Management and Real Estate Office Administration.
The license is available either by taking a state licensing exam or by taking a designation course such as the Registered Customer Service Representative Designation offered by the University of Central Florida in partnership with Florida Insurance University.
For example a licensed broker is authorized to prepare contracts and leases, do residential appraisals, prepare certain sales documents, do a comparative market analysis, charge customers on an hourly basis and also hire sub-brokers, realtors and salesperson.
State Licensing Exam: Shortly after passing the end-of-course exam, the State of Florida Department of Business and Professional Regulation will send you a username and password that you will need to schedule your state exam with the Pearson VUE testing center.
Almost every state has the following requirements: Filing for certificate of authority as a foreign entity, registered agent, surety bond, fingerprints, education, experience, and exams, detailed ownership and officer information, financials, and a final application.