Core Law - Avoiding the Danger Zone
Thursday, August 29th
9:00 am – 12:00 pm
3CE, $15.00 or $5.00 with Education Passport
Instructor: Patricia Sherman
Class location: 2950 Pineda Plaza Way, Melbourne FL 32940
Registration Link: https://mdweb.mmsi2.com/spacecoastss/deeplinks.pl?type=EDU&id=24avoid08
Understanding real estate law is part of every real estate licensee’s business. The more a licensee knows, the better he or she can work with customers and safeguard them from legal complications. Buying and selling property requires a lot of legal paperwork. Today, more than ever, it’s important to know the laws governing the practice of real estate. This material will provide a "red flag notice" of when participants are potentially going into a danger zone—the unlicensed practice of law.
Objectives: After taking this class students will be able to:
· Identify and avoid the unlicensed practice of law.
· Describe the two Supreme Court Approved lease forms for use by licensees in Florida.
· Describe the seller’s duty to disclose material facts under the Johnson v. Davis ruling and the licensee’s duty under Rayner v. Wise Realty Co.
· Demonstrate knowledge of the Florida Landlord and Tenant Act.
· Describe the disclosures required in the sale of Condominiums or properties covered by a Homeowner’s/Community Associations.
· Identify Florida Environmental and Growth Management Laws.
· Demonstrate knowledge of the requirements in the Florida Brokerage Relationship Disclosure Act.
· List the duties included in the Single Agent, Transaction Broker and No Brokerage Relationship.
· Identify the requirements for transitioning a brokerage relationship from one to another.
· Describe the disclosure requirements in the Designated Sales Associate Relationship
· Explain the FREC rules regarding a Broker’s Escrow Account.
· List and describe some of the common environmental hazards associated with real property
· Identify the rules regarding Mutual Recognition Agreements Florida has with other states regarding licensing education.