What is the maximum penalty for practicing real estate without a license in Florida?

Can a non licensed person own a real estate company in Florida?

Only real estate brokers can own and maintain a real estate office in Florida. A broker is someone with a minimum of two years real estate sales experience, who has completed advanced coursework, and passed the 72 Hour Broker Pre License Course, as well as the state exam, to become a licensed real estate broker.

Can an unlicensed real estate assistant show property in Florida?

According to the policy, unlicensed assistants may not perform the following activities: Host open houses, kiosks, home show booths or fairs, or hand out materials at such functions. Show property. Answer any questions from consumers on listing, title, financing, closing, etc.

What is a third degree felony in Florida real estate?

Third degree felonies ─ Anyone that acts as a broker or sales associate without being the holder of a valid and current active license, or anyone falsifying information on an application for licensure, is guilty of a third degree felony punishable by a criminal fine of up to $5,000 and imprisonment of up to 5 years.

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Can a real estate agent work for two brokers in Florida?

A real estate agent who does not hold a brokerages license cannot work, as a real estate salesperson, for two brokers at once. The exception is when an agent holds licenses in two, or more, different states and they work for one broker in each. Different rules apply for licensed brokers.

Can real estate commissions be paid to an LLC in Florida?

Sales associates and broker associates are only able to collect their compensation for real estate services through their broker, either directly/individually or through a PA, LLC or PLLC in their licensed name only. (see 475.161, Florida Statutes).

What happens if I voluntarily inactive My Florida real estate license?

This is known as a voluntary inactive license. If you fail to renew your active (or voluntary inactive) license prior to the expiration date, (other than the first renewal), the real estate license automatically reverts to a status of involuntary inactive.

What happens if I don’t renew my Florida real estate license?

If you do not renew your real estate license within 6 months of your renewal date, your license will be changed to an inactive status. If you do not renew your real estate license within 2 years after your renewal date, you must reapply for a new license and pass the State exam again.

Can you pay a referral fee to an unlicensed person in Florida?

Referral Fees

An agent may pay an unlicensed person for referrals of potential clients as long as it complies with s.

Can an unlicensed assistant host an open house in Texas?

Showing Property

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A license is required to show property for sale or lease. An unlicensed assistant isn’t allowed to host an open house or unlock the door for a client if you’re running late.

What can a real estate assistant do without a license?

Under the direction of the responsible agent or broker, an unlicensed assistant can order repairs or services for a property. This is another duty that is valuable as it frees the licensed agent up to work with clients.

What can an unlicensed insurance agent do?

At the request of a licensed agent or customer representative, an unlicensed person may return a customer’s telephone call and set up a meeting between the customer and the agent or customer representative. … Taking an application for insurance in the agent’s office, for a person who has called or come into the office.