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Florida · State License Law — free study notes for the real estate licensing exam.
🏛️ State License Law 📍 FloridaWhen a Florida licensee receives escrow or deposit funds, the broker must deposit them into the brokerage's escrow account no later than the end of the third business day after receipt. Commingling personal or brokerage operating funds with escrow money is prohibited and is a common cause of disciplinary action by FREC. After the initial post-licensing requirement, active sales associates and brokers must complete 14 hours of continuing education each two-year renewal cycle to keep the license current.
Yes. State License Law is a scored domain on the Florida real estate licensing exam, and this topic appears in the state license-law portion.
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Florida applies its own license law on top of the national portion. This page covers the Florida rules specifically, which is what the state section of your exam tests.