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 Associations. *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 and 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. Instructor: Debra Myers