| Florida Reactivation Online Course | |||
| 30169401 | |||
| Total Time | Unit | Unit Time | Learning Objectives |
| 300 | License Law and Qualifications for Licensure | • define sales associate, broker associate, and broker; • list the academic requirements for sales associate and broker licenses; • list the application requirements for sales associate and broker licenses; • identify services of real estate requiring licensure; • recognize exemptions from licensure; and • distinguish between post-licensing education and continuing education. | |
| Reading Assignment 1 | |||
| Reading Comprehension Quiz 1 | |||
| Unit Exam 1 | |||
| 135 | License Law and Administration | • describe the composition and member qualifications of the Florida Real Estate Commission; • explain how members of the Commission are appointed; • distinguish between active and inactive license status; • explain the purpose of multiple and group licenses; and • distinguish between void licenses and ineffective licenses | |
| Reading Assignment 2 | |||
| Reading Comprehension Quiz 2 | |||
| Unit Exam 2 | |||
| 135 | Brokerage Relationships and Ethics | • distinguish between the terms general agent and special agent; • describe which legal provisions apply only to residential real estate transactions; • describe the duties and disclosure requirements of a transaction broker; • describe the duties and disclosure requirements that single agents have to their principals; • define a dual agent; • describe the purpose and requirements of the no brokerage relationship notice; • list the no brokerage relationship duties; • describe the process of transition from a single agent to a transaction broker; • identify actions that will terminate an agency; and • recognize activities that are considered to be fraudulent. | |
| Reading Assignment 3 | |||
| Reading Comprehension Quiz 3 | |||
| Interactive Exercises | |||
| Unit Exam 3 | |||
| 150 | Real Estate Brokerage Operations | • identify the requirements for a broker's office(s); • explain what determines whether a temporary shelter must be registered as a branch office; • list the requirements related to sign regulation; • list the requirements related to the regulation of advertising by real estate licensees; • explain the term immediately as it applies to earnest money deposits; • describe the four settlement procedures available to a broker who has received conflicting demands or who has a good-faith doubt as to who is entitled to disputed funds; • explain the rule regarding the advertisement of rental property information or lists or negotiation of rentals; • describe the obligations placed on a sales associate who changes employers; and • contrast the features of the various types of business organizations. | |
| Reading Assignment 4 | |||
| Reading Comprehension Quiz 4 | |||
| Interactive Exercises | |||
| Unit Exam 4 | |||
| 135 | Complaints, Violations, and Penalties | • explain the procedures involved in the reporting of violations, the investigation of complaints, and the conduct of hearings; • describe the elements of a valid complaint; • describe the composition of the probable-cause panel; • describe events that would cause a license to be denied; • recognize actions that would cause a license to be subject to suspension or revocation; • identify individuals who would be eligible to seek reimbursement from the Real Estate Recovery Fund; and • describe the monetary limits imposed by law on the Real Estate Recovery Fund. | |
| Reading Assignment 5 | |||
| Reading Comprehension Quiz 5 | |||
| Interactive Exercises | |||
| Unit Exam 5 | |||
| 135 | Federal and State Housing Laws | • describe the features of the Civil Rights Acts of 1866 and 1968; • recognize examples of steering, redlining, and blockbusting; • describe the features of the Truth-in-Lending Act, the Equal Credit Opportunity Act, and the Real Estate Settlement Procedures Act; and • describe the provisions of the Florida Residential Landlord and Tenant Act. | |
| Reading Assignment 6 | |||
| Reading Comprehension Quiz 6 | |||
| Unit Exam 6 | |||
| 140 | Real Estate Contracts | • list and describe the essentials of a real estate contract; • describe the differences between formal contracts and parol contracts; • distinguish among bilateral, unilateral, implied, express, executory, and executed contracts; • describe the various ways in which an offer is terminated; • describe the various methods of terminating a contract; • explain the remedies for breach of a contract; • describe the effect of the statute of frauds and the statute of limitations; • describe the elements of an option; and • differentiate among the various types of listings. | |
| Reading Assignment 7 | |||
| Reading Comprehension Quiz 7 | |||
| Interactive Exercises | |||
| Unit Exam 7 | |||
| 135 | Computations and Title Closing | • compute a sale commission; • calculate the percent of profit or loss, given the original cost of the investment, the sale price, and the dollar amount of profit or loss; • amortize a level-payment plan mortgage when given the principal amount, the interest rate, and the monthly payment amount; • prorate the buyer's and seller's expenses using either the 30-day-month method or the 365-day method; • calculate the dollar amount of transfer taxes on deeds, mortgages, and notes; and • allocate taxes and fees to the proper parties and compute individual costs. | |
| Reading Assignment 8 | |||
| Reading Comprehension Quiz 8 | |||
| Unit Exam 8 | |||
| 135 | Real Estate Investment Analysis and Business Opportunity Brokerage | • identify the advantages and disadvantages of investing in real estate; • distinguish among the various types of risk; • explain the concepts of liquidity and leverage; • describe the similarities and differences between real estate brokerage and business brokerage; • describe the types of expertise required in business brokerage; • distinguish among the methods of appraising businesses; and • describe the steps in the sale of a business. | |
| Reading Assignment 9 | |||
| Reading Comprehension Quiz 9 | |||
| Interactive Exercises | |||
| Unit Exam 9 | |||
| Final Exam | |||
| 1400 | TOTAL MINUTES | ||
| 28 | TOTAL HOURS (50-MINUTE HOURS) | ||