Description

Understanding real estate law is part of every real estate licensee's business. The more a licensee knows, the better he or she can work with customers and safeguard them from legal complications. Buying and selling property requires a lot of legal paperwork. Today, more than ever, it’s important to know the laws governing the practice of real estate. This material will provide a "red flag notice" of when participants are potentially going into a danger zone—the unlicensed practice of law.

Course Objectives:
•Identify and avoid the unlicensed practice of law.
•Describe the two Supreme Court Approved lease forms for use by licensees in Florida.
•Describe the seller’s duty to disclose material facts under the Johnson v. Davis ruling and the licensee’s duty under Rayner v. Wise Realty Co.
•Demonstrate knowledge of the Florida Landlord and Tenant Act.
•Describe the disclosures required in the sale of Condominiums or properties covered by a Homeowner’s/Community Association.
 •Identify Florida Environmental and Growth Management Laws.
•Demonstrate knowledge of the requirements in the Florida Brokerage Relationship Disclosure Act.
•List the duties included in the Single Agent, Transaction Broker and No Brokerage Relationship. •Identify the requirements for transitioning a brokerage relationship from one to another.
•Describe the disclosure requirements in the Designated Sales Associate Relationship.
•Explain the FREC rules regarding a Broker’s Escrow Account.
•List/describe some of the common environmental hazards associated with real property. •Identify the rules regarding Mutual Recognition Agreements Florida has with other states regarding licensing education.