Broker Requirements

i have been a licensed salesperson for several years, but i have never used my license. i heard that a salesperson must work for a broker for a year before getting a broker license, is this true? what are the requirements?

[wade]

Originally Posted by Unregistered

i have been a licensed salesperson for several years, but i have never used my license. i heard that a salesperson must work for a broker for a year before getting a broker license, is this true? what are the requirements?

Yes, it is true that a sales associate must work for one or more brokers within the past five years before getting a broker license. The requirements to get a broker license in Florida are as follows:

1. Have an active sales associate license for at least one year.
2. Have successfully completed the sales associate post-license course.
3. Have completed the broker 72-hour pre-license course.
4. Have approval from the state to sit for the broker exam.
5. Pass the broker exam

I hope that this helps.

[rob]

what exaclty does working under a broker mean? Do I need to be actively selling real estate? Or can I just approach a friendly broker and as him to list me as one of his associates?

[edod]

As you know, a sales associate with an active license must work under a broker or owner/employer. If you have a friend who is a broker, he or she may let you "hang your license" with the office and not require you to actively list and sell property. That way you can get the required "experience" before sitting for your broker exam.

There are also some firms called "referral companies" that hold your license, don't allow you to list or sell, but do encourage you to send names of prospective buyers or sellers, and will pay you a portion of the sales commission. There is usually a monthly charge to be licensed with this type company.

Good luck.