Requirements To Become A Real Estate Broker In Florida
Real estate brokers are licensed professionals who help people buy, sell, and rent properties. In Florida, becoming a real estate broker requires meeting certain requirements set by the Florida Department of Business and Professional Regulation (DBPR). This article will outline the steps and qualifications needed to become a real estate broker in Florida.
Educational Requirements
The first step towards becoming a real estate broker in Florida is to complete the required education. Applicants must have completed at least 24 months of real estate experience as a licensed sales associate or have a four-year degree in real estate from an accredited institution. Additionally, applicants must have completed a state-approved pre-licensing education course of 72 hours.
After completing the required education, applicants must pass the state licensing exam. The exam consists of two parts: a national portion and a state portion. The national portion consists of 80 questions, while the state portion consists of 40 questions. Applicants must score at least 75% on both portions to pass.
Experience Requirements
After passing the licensing exam, applicants must complete at least 24 months of real estate experience as a licensed sales associate or broker during the five-year period before applying for a broker's license. The experience must be documented by the applicant’s broker or employer.
Application Requirements
Once the educational and experience requirements are met, applicants can submit their application to the DBPR. The application fee is $91.75, and applicants must provide proof of completion of the required education and experience.
Applicants must also provide their fingerprints for a background check. The cost of the fingerprinting is $56.50 plus any additional fees charged by the fingerprinting provider.
Applicants must also have a physical business address in Florida. A post office box or personal residence is not acceptable.
Continuing Education Requirements
Florida real estate brokers must complete 60 hours of post-licensing education within the first two years of licensure. After the first two years, brokers must complete 14 hours of continuing education every two years to renew their license.
Additionally, brokers must complete a 3-hour Florida Core Law course as part of their continuing education requirements for each renewal cycle.
Conclusion
Becoming a real estate broker in Florida requires completing the required education and experience, passing the state licensing exam, submitting an application to the DBPR, and meeting continuing education requirements. By following these steps, individuals can become licensed real estate brokers in Florida and start a rewarding career in the real estate industry.