Real Estate Licensing in Coral Terrace CDP, Florida

Who Needs a License

Real estate professionals in Coral Terrace must be licensed if they engage in brokerage activities. Under Fla. Stat. § 489.105, a "broker" is defined as any person who, for compensation or promise of compensation, sells, exchanges, purchases, rents, or leases real property, or offers to do any of these acts, or who collects rent for the use of real property, or negotiates, agrees to, or attempts to secure a real estate transaction.

Similarly, a "sales associate" must be licensed if acting on behalf of a broker in these transactions. Any individual representing clients in residential or commercial real estate transactions in Coral Terrace requires proper state licensure.

How to Get Licensed

Real estate licensing in Florida is administered by the Florida Real Estate Commission (FREC). The process requires:

1. Pre-licensing education: Complete a FREC-approved real estate course (63 hours for sales associate; 72 hours for broker).
2. Examination: Pass the Florida Real Estate Commission exam administered by Pearson VUE.
3. Application: Submit your application to the FREC through the Florida Department of Business and Professional Regulation (DBPR).
4. Sponsorship: Sales associates must be sponsored by an active broker.

Specific application procedures, exam schedules, and fees are available through the DBPR. Reference Fla. Stat. § 489.105 for statutory definitions and requirements.

Local Requirements

Coral Terrace CDP is located in Miami-Dade County. While real estate licensing is a state-level function, local requirements may apply to brokerage operations and office locations.

Review the Coral Terrace Municipal Code to confirm any local zoning restrictions on real estate offices or amendments to state requirements. Contact the Coral Terrace Building Department for guidance on permitting any physical office space in the town.

Exemptions

Fla. Stat. § 489.105 exempts certain parties from licensure requirements, including:

• Attorneys licensed to practice law in Florida when acting in their professional capacity
• Individuals selling their own property
• Employees of financial institutions performing their official duties
• Property managers acting solely as employees under a licensed broker's supervision (in limited circumstances)

Exemptions are narrow. When in doubt, obtain a license.

State Licensing Board Contact

Florida Real Estate Commission (FREC), Department of Business and Professional Regulation
- Phone: 850-487-1395
- Website: https://www2.myfloridalicense.com/real-estate-commission/

References

• Fla. Stat. § 489.105 — Definitions
• Coral Terrace Municipal Code

The law belongs to the people. Georgia v. Public.Resource.Org, 590 U.S. (2020)