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Which contract would be considered a residential transaction under Florida statute 475?

Under Florida Statute 475, these are several individuals who are exempt from licensure in certain circumstances-. Attorneys, Individuals in specific professional roles, Government employees, Property owners.

What is the purpose of real estate license law quizlet?

Part III of F.S. 475, which pertains to the sale of commercial properties in Florida, outlines rights and protections for real estate brokers concerning commissions. If a property owner refuses to pay the agreed-upon commission to the broker after a successful sale, this statute provides a remedy for the broker.

What is the Florida statute 475 disclosure?

The primary purpose of the license law in any state is to protect the public from dishonesty or incompetence among real estate agents. To accomplish this, the law defines minimum standards and qualifications for agents.

What is the primary purpose of the Florida real estate law?

Single Agent Disclosure Under Florida Statute 475.278(3)(a), there must be a written disclosure by the Florida real estate broker in a written representation agreement that includes specific information including: The relationship is a single agent relationship.

What is the overall purpose of FS 475?

Chapter 475 Part 1 is the law that allows the state of Florida to regulate real estate brokers, sales agents, and schools in the state of Florida. This chapter defines each, gives the Commission the power to enact bylaws, and establishes fees that must be paid to the Commission.

fl475

Chapter 475 fs part 1 chapter 475 f.s. part 2 chapter 475, florida statutes real estate license law F.S. 475 residential sale f.s. 475 part iii chapter 475 f.s. part 11 part iii of f.s. 475 relates to the sale of commercial properties Chapter 455 Florida statutes