Principles of Real Estate Practice in Florida

December 27, 2024

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Course Content

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The Real Estate Business 5 Topics

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Introduction to the Real Estate Business

Real Estate Brokerage

Development and Construction

The Role of Government

Professional Organizations

Real Estate License Law and Qualifications for Licensure 10 Topics

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History and Purposes of Real Estate License Laws

License Categories

General License Provisions

Application Requirements

Sales Associate License Requirements

Broker License Requirements

Nonresident License Requirements

License Information Registration

License Renewal Education

Activities Requiring Licensure Exemptions

Real Estate License Law and Commission Rules 5 Topics

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Dept of Business and Professional Regulation

Division of Real Estate

The Florida Real Estate Commission

License Renewal and Statuses

Multiple and Group Licenses

Authorized Relationships, Duties, and Disclosure 3 Topics

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Essentials of Real Estate Agency

Fiduciary Duties

Brokerage Relationship Disclosure Act

Real Estate Brokerage Activities and Procedures 9 Topics

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Brokerage Offices

Guidelines for Advertising

Handling Deposits

Representing Licensee Expertise

Commissions

Change of Employer, Address

Business Entity Licensing, Registration

Trade Names

Ethical Practices

Violations of License Law, Penalties, and Procedures 5 Topics

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Definitions

Disciplinary Procedure

Commission Meeting

Violations and Penalties

Real Estate Recovery Fund

Federal and State Laws Pertaining to Real Estate 3 Topics

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Fair Housing Aims

Federal Fair Housing Laws

Florida Fair Housing and Landlord-Tenant Laws

Property Rights: Estates & Tenancies; Condos, Co-Ops, CDDs, HOAs & Time Sharing 12 Topics

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Land, Real Estate, and Real Property

Real versus Personal Property

Basic Property Rights

Interests and Estates in Land

Freehold Estates

Ways of Holding Ownership

Homeowners’ Associations

Community Development Districts

Title, Deeds and Ownership Restrictions 8 Topics

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The Concept of Title

Transfer by Voluntary Alienation

Transfer by Involuntary Alienation

Notice of Title

Protection of Title

Deeds

Government Ownership Restrictions

Private Ownership Restrictions

Legal Descriptions 7 Topics

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Purposes, Methods of Legal Descriptions

Metes and Bounds Method

Government Survey System

Lot and Block Method

Describing Elevation

Assessors Parcel Number

Preparation and Use of Surveys

Real Estate Contracts 7 Topics

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Contract Essentials

Classification of Contracts

Contract Creation

Contract Termination

Employment (Listing) Agreements

Sales Contracts

Option Contracts

Residential Mortgages 5 Topics

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Mortgage Concepts

Essential Mortgage Elements

Common Mortgage Features

Purchasing Mortgaged Property

Default and Foreclosure

Types of Mortgages and Sources of Financing 10 Topics

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Qualifying for a Loan

Conventional Mortgages

Common Mortgage Types

Custom Mortgages

Government-insured FHA Program

VA Loan Guarantee Program

Primary Sources of Home Financing

Secondary Mortgage Market

Mortgage Fraud

Fair Credit and Lending Laws

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Basic Real Estate Computations

Preliminary Steps to Closing

The Closing Event

Real Estate Settlement Procedures Act

Financial Settlement of the Transaction

State Transfer Taxes

Other Charges

Rules of Thumb

Closing Disclosure Statement

The Real Estate Market and Analysis 2 Topics

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Physical Characteristics of Real Estate

Economic Characteristics of Real Estate

Real Estate Appraisal 7 Topics

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Regulation of Appraisal

Concepts of Value

Appraising Market Value

The Sales Comparison Approach

The Cost Approach

The Income Capitalization Approach

Preparing a Comparative Market Analysis

Real Estate Investments and Business Opportunity Brokerage 6 Topics

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Investment Fundamentals

Real Estate as an Investment

Taxation of Real Estate Investments

Investment Analysis of a Residence

Investment Analysis of an Income Property

Business Brokerage

Taxes Affecting Real Estate 4 Topics

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Real Property Taxation

Special Assessments

Tax Lien Enforcement

Federal Income Taxes

Planning, Zoning and Environmental Hazards 5 Topics

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Planning and Zoning

Florida’s Growth Policy and Community Planning Act

Public Land Use Control

Flood Zones

Environmental Controls

Principles of Real Estate Practice in Florida

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