FLORIDA REAL ESTATE LICENSE -
Sample Course Descriptions:
with *FREE* Florida Salesperson Exam Prep and *Complimentary* Real Estate Finance Course
This package contains the following training material
- Florida Real Estate License 63 Hour Pre-License Salesperson Course
- Free: Florida Real Estate Exam Prep Course
- Free: Online Real Estate Finance Course -- Complimentary 30 Hr Course
This Florida Pre-License Salesperson Course is a 63-hour course required by the Florida.
Real Estate Commission (FREC) for anyone who wishes to obtain a Florida real estate license. Our course utilizes interactive technology and audio in an appealing way that facilitates the learning of the comprehensive, state-required topics of real estate principles for salespersons.
Each of the 20 parts begins with an introduction, learning objectives, and key terms.
The modules are divided into lessons, which are followed by quizzes to test student comprehension. Each module concludes with activities and case studies that allow students to apply the knowledge they have gained from the modules’ lessons. The introductions, lesson summaries, and module summaries are all available in a printable format for reference purposes.
Upon completion of this module, the student will:
- Describe the various activities of real estate salespeople
- Distinguish among the five major sales specialties
- Identify reasons property management has grown in prevalence
- Explain the provision under Chapter 475.611 regarding federally backedtransactions
- Understand the provision under Chapter 475.25 regarding USPAP compliance
- Recognize the differences between mortgage bankers and mortgage brokers
- List all pre- and post-licensing qualifications needed to become a sales associate or broker
FLORIDA REAL ESTATE LICENSE - FLORIDA REAL ESTATE EXAM PREP
PSI – National Questions for Florida Brokers
An Exam Prep for Florida Real Estate Broker Candidates Based upon the Required Promissor Exam
This exam prep is provided to those students who are preparing to take the state-mandated exam to become Real Estate Brokers in Florida. It is not an official or otherwise sanctioned testing mechanism, and is meant merely to provide a determination of your preparedness for taking the Proctored Exam given by PROMISSOR in Texas. This is the national portion of the exam. In order for this testing module to be truly effective you should have completed broker educational coursework. See FREC regulations. RE License Training for Florida
Like the official exam that you will take to gain your license, this test is comprised of questions dealing with issues applicable nationwide, and with Florida -specific issues. To help you retain the information presented here, these subject areas are presented separately and all questions have feedback to explain the correct answer.
You will study the following subjects:
- Real Property Ownership, Land Use Controls and Regulations
- Contracts and Agency Relationships
- Financing and Settlement Costs
- Leases and Property Management
FINAL PREP-PROMISSOR – National Questions for Florida Salespersons
An Exam Prep for Florida Real Estate License Candidates Based upon the Required PROMISSOR Exam
This exam prep is provided to those students who are preparing to take the state-mandated exam to become Real Estate Licensees in Florida. It is not an official or otherwise sanctioned testing mechanism, and is meant merely to provide a determination of your preparedness for taking the Proctored Exam given by PROMISSOR in Florida. This is the national portion of the exam. In order for this testing module to be truly effective you should have completed broker educational coursework. FREC approved.
Like the official exam, all exams given through this program are timed. Unlike proctored exams, however, you may stop and resume an exam at your convenience. When you log in as a returning student to complete an exam, you will return to the question that you last completed. In order to log in as a returning student to complete an exam, you must remember your username and password.
Like the official exam that you will take to gain your license, this test is comprised of questions dealing with issues applicable nationwide, and with Florida -specific issues.
To help you retain the information presented here, these subject areas are presented separately and all questions have feedback to explain the correct answer.
You will study the following subjects:
Real Property Ownership, Land Use Controls and Regulations
- Contracts and Agency Relationships
- Financing and Settlement Costs
- Leases and Property Management
FLORIDA REAL ESTATE LICENSE
The focus of this module is to refresh legal concepts and their importance in the practice of real estate. For instance, because of the many divergent types of businesses and people that a brokerage deals with, it is essential that licensed sales associates and broker associates as well as brokers themselves are sufficiently knowledgeable about the laws regulating their profession. This module is designed to explore some of these distinctions as well as some of the general obligations of these individual licensees.
This module covers a broad range of issues related to license law. To help the student navigate this subject, it includes the following lessons:
- Registration and Partnerships
- Licensing and Examinations
- Real Estate Business Practices
In addition, this module includes a final practice lesson. This concluding lesson presents real-world dilemmas and concrete applications of the information presented in the rest of the course. As the student completes this course, he or she should try to develop a broad picture of license law, how it relates directly to him or her and its necessity within the practice of this profession. The last lesson will help with this objective by presenting comprehensive content questions, practice problems and case studies.
Asset Management is the term used for the decision-making process involved in maximizing returns on real property investments. This process includes such decisions as whether to renew a lease for a tenant, purchase or lease more assets, improve, sell, or rent one’s current assets, etc. The asset manager must be aware of market trends and indicators and must be able to accurately predict the cash inflows and outflows of holdings. This module provides an introduction to the basics of asset management. It introduces the student to the key ideas and concepts of management as well as the techniques a manager will use to evaluate the market and evaluate the financial impact of alternatives in order to make properly informed decisions. The student will learn how to handle not only well-established properties, but distressed properties as well. We will also give instructions on how to successfully market a revenue-increasing strategy.
Upon completion of this course, the student will:
- Be familiar with the basic concepts of asset management.
- Be familiar with the common decisions faced by an asset manager.
- Know what a Real Estate Investment Trust (REIT) is and the benefits of investing in one.
- Understand the risks and rewards associated with real estate investment.
- Know how to conduct a useful market study.
- Understand how interest rates affect the real estate market.
- Be able to calculate the depreciation of residential and commercial real property held for business or investment.
- Be familiar with the financial ratio methods of valuation, including Price to Earnings Ratios and Cap Rates.
- Know how to create a pro forma projection for a real estate investment alternative.
- Know the basics of a Discounted Cash Flow (DCF) analysis.
- Know how to use the Net Present Value (NPV) and Internal Rate of Return (IRR) to compare the values of several alternatives.
- Be familiar with distressed properties and how to handle them.
- Know the important factors to consider when refinancing.
- Be able to apply these concepts in the real world.
All Americans have the right to attempt to purchase, rent, or finance housing for themselves in the location of their choosing, regardless of their gender, religion, handicap, color, race, national origin or familial status. To help ensure that no one is deprived of this right, Congress passed the federal Fair Housing Act in 1968. This Act prohibits unethical discrimination by those who rent, sell and finance residential real estate. This module discusses the federal Fair Housing Act, as well as other anti-discrimination laws that directly affect the real estate industry and the financing of real estate. Upon completion of this course, you will understand the legislation, its purpose, and importance. You will also be familiar with the penalties for violating such statutes and have a better understanding of how you can avoid unethical discrimination in your everyday conduct.
This module includes the following lessons:
- Introduction to Fair Housing
- Legal Protections against Discrimination
- Enforcement of Fair Housing Laws
- How to Avoid Actions that are Discriminatory
Initially, this module will introduce the federal Fair Housing Act, explaining the groups of people whom it covers and the various wrongs against which the law is meant to protect those people. In addition, we will discuss the meaning of discrimination and the existence of certain exemptions to the law. After detailing the Fair Housing Act, this course will move on to other relevant statutes, such as the federal Equal Credit Opportunity Act and the Americans with Disabilities Act. This module concludes with a real estate practice lesson that will present you with various case studies. Using the information you have gained from this course, this final lesson provides you with an opportunity to decide how to handle the common predicaments that often face those providing brokerage services.
Agreement is an essential component in the legal transference of ownership. In real estate, contracts are the instruments by which agreements are reached for the conveyance of property. Whether a salesperson is promising to sell a property within a specified period of time, a prospective buyer is placing an offer on a house or a seller is considering an offer on property, some type of contract is involved.
In this Contracts course, the student learns about the types of general contracts as well as the different kinds of real estate contracts. The module begins by providing the student with an overview of the various types of contracts: bilateral, unilateral, implied, express, executed, executory, valid, void, voidable and unenforceable. Once the student is introduced to the different types of contracts, he or she learns what makes a contract legally enforceable, this being the five components that make a contract valid: mutual assent, legally competent parties, consideration, lawful objective and adherence to a statute of frauds.
This course will introduce the student to two of the three factors that create a contract: offers and acceptances. When there is an offer and acceptance, the parties can either perform their respective parts of the contract or breach the contract by not fulfilling their obligations. Then we will discuss the third component of a legally binding and enforceable contract—performance. There are four basic types of contracts in real estate: sales contracts, option agreements, contract for deeds and leases; these types of contracts being those that deal in the governance of the real estate industry which, as a real estate professional, the student should be familiar with.
Upon completion of this module, the student will be able to:
- Name and explain the various components of a valid contract.
- Identify the differences between a unilateral and bilateral contract.
- Describe the various types of contracts.
- Recognize the difference between a forbearance and performance agreement.
- Outline the features of a contract (and the contracting parties) that make a contract legally binding.
- Recognize the general features of a completed contract.
- Identify when a contract can be discharged.
- Recognize the different kinds of real estate contracts.
Online SchoolRoom
Florida's Online Real Estate School
Florida License Online
NEWS
KEYS-WIDE OVERVIEW
To present a balanced overview of 2007 and current market trends,
we must first revisit what’s taken place since 2005. The first quarter
of 2005 was the all-time high sales period in our history and the
trends we’ll discuss date from that time.
During the 1st nine months of 2006, the Keys-wide number of sales
for all properties declined -48% and the average sale price was up
+1% versus the same period in 2005. By the end of 2006, the
number of sales had declined -45% versus 2005, while the average
sales price went up +2%.
Over the 1st nine months of 2007, the reduction in sales was down
to -12% with a –7% drop in average sale price compared to the
same period in 2006. (Statistics from FREC)
The trend of declining number of sales is leveling off while average
sales prices are continuing their decline in the face of large
inventories of properties for sale. The number of sales in 2007 is
off -54% from 2005 and -62% from the peak number for calendar
year 2004.
The year-to-date 2007 dollar value of sales declined -19% compared
to the same period in 2006, reflecting reduced average sales prices
in 2007. From January to September 2006 it was down -44%
compared to the 1st nine months of 2005.
Average days-to-sell rose +32% compared to 2006, which in turn
was up +17% over 2005. The lowest days on market measured
was in 2004 at 140 days compared to a current 228 days.
The original list price (the price of a property when initially listed for
sale versus the list price at the time the property goes under
contract), which provides a more realistic indication of the market,
during the January to September time period was 82.5%, off -4%
compared to the same period in 2006. The average “Sold Price”
YTD for 2007 is $744K, a -7% drop from the $802K during the same
period of 2006, which was the all-time Keys high.
The number of new properties listed for sale from January to
September this year dropped -23% compared to the same period in
2006 when the number had increased +16% over the 1st nine months
of 2005. This indicates that the flood of new listings we experienced
after Hurricane Wilma is subsiding. Total properties on the market for sale on September 30, 2007 increased just +2% with a drop of -2% in average list price over
that date in 2006, at which time listed properties had increased +40% over September 30, 2005 with no change in average list price. The “Months of Inventory” of
properties on the market at the end of September 2007 rose by +16% to 37 versus 32 months on the same date in 2006, mostly as a result of fewer sales in 2007.
KEYS-WIDE MARKET AREA DETAILS
Number of Sales: Key West had, by far, the smallest decline in sales with -.5% to 366, followed by the Lower Keys -6% and 195 properties sold. The Upper
Keys declined -19% to 343 with the Middle Keys again having the largest decline, -25% with 164 sales since January 1, 2007. Total Sales Keys-wide were 1,068,
a -12% reduction compared to 2006.
Value of Sales: Key West with a -15% drop to $305M, and the Lower Keys at $114M and Upper Keys at $258M each experienced a
-17% decline in the overall Dollar Value of Sales. The Middle Keys with $116M in over all value of properties sold had the largest
decrease, -32%. Keys-wide the value of all sales was $794M, a -19% overall decline from 2006.
RE License Training for Florida Florida License Online
Florida cities served by FREC:
Alachua
Alford, FL
Altamonte Springs
Altha
Alva, FL
Andover,
Andrews
Anna Maria
Apalachicola
Apollo Beach
Apopka
Arcadia
Archer
Asbury Lake
Astatula
Astor
Atlantic Beach,
Atlantis
Auburndale,
Aventura
Avon Park
Azalea Park
Babson Park
Bagdad, FL
Bal Harbour
Baldwin, FL
Bartow,
Bay Harbor Islands
Bay Hill
Bay Pines
Bayonet Point
Bayshore Gardens
Beacon Square
Bee Ridge
Bell, FL
Bellair-Meadowbrook
Belle Glade
Belle Glade Camp
Belle Isle
Belleair
Belleair Beach
Belleair Bluffs
Belleview
Bellview
Beverly Beach
Beverly Hills
Big Coppitt Key
Big Pine Key
Biscayne Park
Bithlo
Black Diamond, FL
Bloomingdale,
Blountstown
Boca Del Mar
Boca Pointe
Boca Raton
Bokeelia
Bonifay
Bonita Springs
Bonnie Lock
Boulevard Gardens
Bowling Green
Boyette
Boynton Beach
Bradenton
Bradenton Beach
Brandon
Branford,
Brent
Briny Breezes
Bristol, FL
Broadview Park
Broadview-Pompano Park
Bronson
Brooker
Brookridge
Brooksville
Broward Estates
Brownsville,
Buckhead Ridge
Buckingham
Bunche Park
Bunnell
Burnt Store Marina
Bushnell
Butler Beach
Callahan
Callaway
Campbell, FL
Campbellton
Canal Point
Cape Canaveral
Cape Coral,
Captiva
Carol City
Carrabelle
Carver Ranches
Caryville
Casselberry
Cedar Grove
Cedar Key
Celebration
Center Hill
Century
Century Village
Chambers Estates
Charleston Park
Charlotte Harbor
Charlotte Park
Chattahoochee
Cheval
Chiefland
Chipley
Chokoloskee
Christmas
Chula Vista, FL
Chuluota
Cinco Bayou
Citrus Hills
Citrus Park
Citrus Ridge
Citrus Springs
Clearwater
Clermont
Cleveland
Clewiston
Cocoa
Cocoa Beach
Cocoa West
Coconut Creek
Coleman, FL
Collier Manor-Cresthaven
Combee Settlement
Conway,
Cooper City
Coral Gables
Coral Springs
Coral Terrace
Cortez, FL
Cottondale
Country Club,
Country Estates
Country Walk
Crescent Beach
Crescent City
Crestview,
Crooked Lake Park
Cross City
Crystal River
Crystal Springs
Cudjoe Key
Cutler Ridge
Cutler, Florida
Cypress Gardens
Cypress Lake
Cypress Lakes
Cypress Quarters
Dade City
Dade City North
Dania Beach
Davenport
Davie
Daytona Beach
Daytona Beach Shores
De Bary
De Funiak Springs
De Land Southwest
De Land,
De Leon Springs
Deerfield Beach
Delray Beach
Deltona
Desoto Lakes
Destin
Doctor Phillips
Doral
Dover, FL
Duck Key
Dundee, FL
Dunedin
Dunes Road
Dunnellon
Eagle Lake, FL
East Bronson
East Dunbar
East Lake
East Lake-Orient Park
East Palatka
East Perrine
East Williston
Eastpoint
Eatonville
Our 45-hr post license course starts with an examination of brokerage relationships in Florida, broker duties, required brokerage disclosures, and brokerage relationship transitions as well as an update of Florida real estate law and an overview of other federal and state laws affecting real estate. The third part covers business ethics, the REALTORS® Code of Ethics, license renewal, education, business planning, and career goals. Next, students will explore marketing, online advertising, social media trends, blogging and how social media can be used to enhance a real estate business. Our course examines property valuation with an overview of value characteristics, appraisal methods, comparative market analysis, depreciation, and the forces driving the real estate market. Parts 6 and 7 cover listing & marketing property, property disclosures, and representing buyers. Types of contracts are also discussed along with the differences between the FAR/BAR contract & the AS-IS contract. The financing parts delve into types of alternative financing, types of mortgages, the loan process, amortizations, private mortgage insurance, and FHA & VA loans. Next the sections on the closing process examine title insurance, escrow, the role of the licensee at the closing, estimating closing costs, common expenses, required disclosures, documents, proration of expenses, and the HUD-1 Settlement Statement. Our students will learn how to analyze real estate investment opportunities, discuss sources of investment capital, explain short sales and foreclosures, and describe the benefit of a 1031 exchange. The last part in our course covers professional property management, including lessons about leases, qualifying tenants, lease negotiations, required disclosures, and tenant relations.
Part 1: Brokerage Relationships and License Law Updated
Part 2: Federal and Florida State Laws Affecting Real Estate
Part 3: Real Estate Ethics, Education, and Planning
Part 4: Information Technology
Part 5: Valuing Residential Property
Part 6: Listing Real Property
Part 7: Working with Buyers
Part 8: Sales Contracts
Part 9: Exploring Mortgage Alternatives
Part 10: Acquiring Financing for the Property
Part 11: The Closing Process
Part 12: The Closing Statement
Part 13: Analyzing Real Estate Investments
Part 14: Professional Property Management