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Unit 3
Definitions
Term | Definition |
---|---|
active license | A current, valid license registered with DBPR. The status required to actively engage in the real estate business |
cancel | A license cease to exist, effective as of the date approved by the Commission, and does not involve disciplinary action |
cease to be in force | A licensee cannot perform real estate services because certain events occur, such as when a broker changes business address |
current mailing address | The residential address is a licensee uses to receive mail through the U.S. Postal Service |
current status | Indicates a licensee is up to date with respect to the DBPR's licensure requirements |
executive | Duties related to the education of licensees, the regulating of professional practices, and the publishing of materials |
group license | Right granted a sales associate or broker associate to work various properties owned by affiliated entities under one owner developer |
involuntary inactive | The license status that results when a license is not renewed at the end of the license period |
ministerial duties | Duties of the Division of Real Estate that involve recordkeeping |
multiple licenses | Licenses held by a broker in two or more real estate brokerage firms |
probation | Administrative penalty imposed by the FREC that allows the licensee to continue to practice real estate under the guidance of the FREC for a period of time while completing conditions by specified by FREC |
promulgates | Formal act of announcing a statute or an administrative rule. To publish and officially announce a new or amended rule or statute. FREC may promulgate rules and regulations |
quasi-judicial | Powers delegated to the FREC to discipline r/e licensees for violations of r/e license law and FREC administrative rules |
quasi-legislative | Powers delegated to the FREC to enact rules and regulations, decide questions of practice, and validate records (imprint with FREC's seal) |
voluntary inactive | License status that results when a licensee has met all the requirements for licensure, yet the licensee has met all requirements for licensure, yet licensee chooses not to engage in r/e business and has requested the license be placed in this status |
voluntary relinquish | (for permanent revocation) Licensee-respondent may choose to avoid a disciplinary hearing and relinquish the r/e license in lieu of discipline, permanently revoking the license |
null and void | License status when sales associate failed to successfully complete post-license education prior to first renewal of license or when a licensee failed to renew two or more renewal cycles; license status has been involuntary inactive over 24 months |