FL Broker Pre-License Course

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• If the MLS system uses lock boxes or other arrangements for key availability, the brokerage company is responsible for paying for and providing this equipment.

• Brokers are required by 475 to hold at least one legible copy of all books, accounts, and records pertaining to their real estate brokerage business for at least 5 years from the date of receipt of any money, fund, deposit, check, or draft entrusted to the broker or, in the event no funds are entrusted to the broker, for at least 5 years

• Post a surety bond, executed by the landlord as principal and a surety company authorized and licensed to do business in the state as surety, with the clerk of the circuit court in the county in which the dwelling unit is located in the total amount of the security deposits and advance rent they hold on behalf of the tenants or $50,000, whichever is less.

• urchase or rental of office equipment: Office equipment purchases eat up much of the capital investment when starting a new business. Determining whether the copiers will be purchased or on a rental contract will make a difference in the initial cash outlay. Computer technology is forever changing, and a business must constantly update its software and systems.

• he broker must also have a Vision (whether in writing or not) to show what future the broker envisions - whether it be to sell the brokerage and retire to Tahiti or to be licensed in several states to grow the business internationally - this must be a part of the planning process.

• tarting with a Mission Statement, a broker needs to have a Plan of Actio

• There is increased operational freedom to follow the broker’s vision.

• he brokerage’s success is measured by the volume of its sales, which are driven by the real estate licensees

• oft skills are another must for the broker as it is important that sales associates be able to relate to their customer base. A sales associate who is challenged in working with others will probably not be able to succeed in the real estate world, as this is a people business.

• technology/paper/admin use charges often leads to better retention and fewer office changes by those sales associates who appreciate a broker who plans and doesn’t nickel and dime for a poor business plan on their own part.

• not charging monthly fees and

• ) The landlord shall, in the lease agreement or within 30 days after receipt of advance rent or a security deposit, give written notice to the tenant which includes disclosure of the advance rent or security deposit.

• This is a notice of my intention to impose a claim for damages in the amount of   upon your security deposit, due to____________. It is sent to you as required by s. 83.49(3), Florida Statutes. You are hereby notified that you must object in writing to this deduction from your security deposit within 15 days from the time you receive this notice, or I will be authorized to deduct my claim from your security deposit. Your objection must be sent to _____________(landlord’s address)

• These monies may also be held by an outside agency on behalf of the broker.

• Broker’s may place $1,000 of their own money or brokerage funds in a sales Escrow Account to allow for bank charges and possible withdrawals before an item may clear, and up to $5,000 for rental accounts.

• A broker must carefully keep exact records of the money in trust accounts. The broker must keep copies of all records pertaining to the escrow account, including deposit slips, books, and account statements. These records must be available to the DBPR, or its authorized representatives, during regular business hours. The broker shall prepare a monthly, written statement comparing the broker's total liabilities with reconciled bank balances of all trust accounts. This includes the sum total of all deposits received, pending, and being held by the broker at any point in tim

• only to discover how truly difficult it can be.

• he building must have adequate parking, suitable visibility, easy access, etc.

• Office Supplie

• copy paper, staplers, staples, pens, wastebaskets, clocks, etc.,