The Rules for Sales Associates (You)
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Welcome to the course!
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The Real Estate Business
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Law & Qualifications
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License Law And Commission Rules
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Authorized Relationships, Duties, And Disclosure
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Brokerage Offices and Branch Requirements
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Violations Of License Law, Penalties And Procedures
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Chapter 8
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Property Rights
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Title, Deeds And Ownership Restrictions
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Legal Descriptions
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Real Estate Contracts
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Residential Mortgages
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Types of mortgages
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Real Estate Related Computations And Closing Of Transactions
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The Real Estate Markets And Analysis
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Real Estate Appraisal
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Real Estate Investments And Business Opportunity Brokerage
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Taxes Affecting Real Estate
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Planning, Zoning And Environmental Hazards
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Course Assessments
FLORIDA REAL ESTATE SALES ASSOCIATE COURSE
Brokerage Offices and Branch Requirements
Section 27 of 31
Sales Associates (and Broker Associates) CANNOT use a trade name. Legal Name Only: You must be registered and licensed under your legal personal name (e.g., "Jane Doe"). You cannot invent a cool business name like "Miami Condo Queen" and license yourself under that.Why: You work for the broker. If you had your own trade name, it would look like you were a separate brokerage company, which confuses the public.While you can't have a trade name, you can turn yourself into a business entity for tax purposes. Professional Association (PA), LLC, or PLLC: A sales associate is allowed to form a corporation (like "Jane Doe, P.A." or "Jane Doe, LLC").The Catch: The name of the corporation must be your legal name. You can't be "Best Deals LLC"; you must be "Jane Doe, LLC."The License: Once you form this entity with the Department of State, you send proof to the DBPR. They will reissue your license in the name of "Jane Doe, LLC." This allows you to receive your commission checks payable to your company rather than you personally (which helps with taxes).
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