55+ and 62+ Communities
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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
Chapter 8
Section 19 of 41
The 55+ Rule (The Most Common). The Requirement: At least 80% of the occupied units must have at least one person who is 55 years of age or older.The Policy: The community must publish and adhere to policies that demonstrate an intent to be housing for older persons. If they meet this 80% threshold, they are exempt from the Familial Status protection. This exemption only allows them to discriminate based on Familial Status (kids). It does NOT allow them to discriminate based on Race, Religion, or Handicap. A 55+ community cannot say "No Asian Seniors allowed."The 62+ Rule - 100% of the residents must be 62 years of age or older. If it is strictly a retirement home for people 62+, they can legally refuse families with children.
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