Property managers have to fulfill various requirements as stated by the law. Florida Real Estate Commission enforces and administers the law that affects aspects of real estate license in Florida. Real estate manager oversees the financial aspects and daily activities of commercial properties and residential. The property manager is expected to be qualified and competent to undertake real estate negotiation and transactions. The paper focuses on the licensing laws in relation with the property manager in Florida. Florida entered into an agreement with other states which make individuals eligible to real estate license in Florida. Property managers are expected to pass an examination, attend pre-licensing education and enroll in continuing education before the licensing is invalid. Pearson Vue has the responsibility of administering Florida Real Estate exam. The pre-licensing education should be carried out in accredited institutions or real estate schools that are registered. Individuals are expected to undertake continuing education to maintain their valid license. The property managers are responsible for the staff.
Real estate licensing laws in Florida play a critical role. It is worth noting that FREC (Florida Real Estate Commission) is responsible enforcing and administering the law that affects various aspects of real estate license in Florida. There are several requirements for one to be a property manager in Florida. These includes the continuing education, exams, and pre-licensing education requirements. Real estate manager oversees the financial aspects and daily activities of commercial properties and residential. The main focus on the real estate licensing laws is to appraise and regulate licensees through compliance and education. In the state of Florida, real estate manager has to fulfill various requires that are implemented and set by the FREC. Before getting real estate license as a manager, one should comprehend all the licensing requirements. This is because every state has different laws that govern real estate licensing. The property manager is expected by the law to have broker license if FREC pays them. In the general perspective, a property manager in Florida should meet various requirements as stated by the law.
The property manager should be the age of 18 years to be issues with real estate license in Florida. Also, for an individual to qualify for a license they should hold an academic diploma in the relevant course. The property manager is expected to be qualified and competent to undertake real estate negotiation and transactions (Crawford, 2004). It is worth noting that one should not be a resident of Florida to qualify for Florida real estate license. Notably, Florida entered into an agreement with other states which included Illinois, Mississippi, Oklahoma, Georgia, Nebraska, Alabama, Connecticut and Arkansas. Real estate licensee are eligible to real estate license. This takes place after they are completing examination on Florida real estate law. Broker license applicants are aspects to having at least two years’ experience in real estate license. This should be within other States and the jurisdiction of the United States.
Florida, real estate exam, is a very crucial requirement for a property manager. Property managers are expected to use information booklet as a guide in undertaking their examination. The examination is based on the understanding and knowledge of the applicant on real estate laws, principles, and practices. The exam is streamlined to meet the Florida Administrative Code, and Florida Statutes (Gaines, Coleman & Crawford, 2004). The exam covers various areas related to real estate management. Some of the content areas include license law and qualification for licensure, real estate brokerage activities, and procedures, real estate business, real estate contracts, termination of contracts, as well as legal descriptions. Pearson Vue has the responsibility of administering Florida Real Estate exam. Those who undertake the exam should have a score of 75% to pass broker or sales associate exam. The exam is an essential requirement that an individual should undertake to qualify as a property manager.
Property managers are expected to complete pre-licensing courses as approved by FREC. The pre-licensing course takes 72 hours and covers several topics as stated by FREC. The FREC put into consideration applicants who are permanently disabled and cannot attend the pre-licensing course. Those who are permanently disabled qualify for correspondence pre-licensing course. After the completion of pre-licensing education, an individual is legible for two-year licensure (Crawford, 2004). The pre-licensing education should be carried out in accredited institutions or real estate schools that are registered. On completion of courses an applicant is provided with satisfactory completion notice but those who did not attend more than will not be issues with the notice. The applicants can also undertake the pre-licensing education on distant learning. Distant learning applicants are expected to complete examination that is monitored in a centralized location.
Continuing education is also an important requirement for a property manager. Individuals are expected to undertake continuing education to maintain their valid license. The continuing education should not exceed 45 classroom hours inclusive of examination. The course should be provided by registered real estate institution of accredited school. Satisfactory completion of continuing education is based on standard approved by the Commission (O'Donnell, 2002). Those who do not complete the education before renewal of the license leads to the nullification of license.
According to the state law, the property manager is responsible for staff. The property manager has the responsibility to delegate duties to the staff and ensure that all the laws are followed. Also, the property manager advises and evaluate the state on the various recommendations for changes to the adoption of rules, applicable laws, as well as professional standards. The property manager is expected to offer full services real estate activities, and the staff may operate under his delegation. The staff should not have a license as long as the property manager has a valid license. The administrative roles of the property manager are important, especially when duties are delegated to the staff.
In the general perspective, real estate license is an essential component in Florida. FREC continue to ensure that rea estate brokers and property managers adhere to the set laws and regulation. Experience and education are key components for property managers. For an individual to receive real estate license, they have to meet several requirements, which include passing examination, continuing education, and pre-licensing education. The agreement entered by Florida with other states makes it possible for an individual from other states to receive a real estate license.
References
Crawford, L. L. (2004). Florida real estate principles, practices & law. Chicago, IL: Real Estate Education Co.
Gaines, G., Coleman, D. S., & Crawford, L. L. (2004). Florida real estate exam manual. Chicago, IL: Dearborn Real Estate Education Co.
O'Donnell, E. J. (2002). Florida continuing education for Florida real estate professionals. Chicago, Ill: Dearborn Real Estate Education.
