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Ch. 2 License law and qualifications for licensure
Terms in this set (16)
an individual or business entity licensed by the DBPR to perform services of real estate for others for compensation
an individual who is qualified to be issued a broker's license but who operates as a sale associate in the employ of another
Latin for "let the buyer beware."
anything of value or a valuable consideration, directly or indirectly paid, promised, or expected to be paid or received.
a process by which the record of a criminal conviction is destroyed or sealed after expiration of time.
A privilege granted by the state to operate as a real estate broker, broker associate, or sales associate; a type of time-share interest.
mutual recognition agreement
A transactional agreement among members of a real estate board or exchange that allows each member broker to share listings with other members so that greater exposure os obtained and a greater chance of sale will result.
A pleading of no contest by a defendant; a plea in a criminal action not admitting guilt but subjecting the defendant to punishment as thought it were a guilty plea.
An unlicensed entity that sells, exchanges, or leases its own property.
prima facie evidence
Requiring no further proof; acceptable on the face of.
real estate services
Real estate activities involving compensation for performing the activities for another.
The practice of mutual exchanges of privileges. Some states have these arrangements for recognizing and granting licenses to licensed real estate professionals from other states
Authorization by the state to place an applicant on the register (record) of officially recognized individuals and businesses.
For application and licensing proposes, a person who has resided in Florida continuously for four calendar months or more within the preceding year.
A licensed individual who, for compensation, is employed by a broker or owner-developer.
When the court determines that a defendant is not likely to again engage in a criminal act and that the ends of justice and the welfare of society so not require the defendant super the penalty imposed by the law, the court may ______ of guilt, stay (stop) the imposition of the sentence, and place the defendant on probation.
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