Appendix: Testable Dates to Remember Legal circumstance | Timeframe / Deadline |
Eligibility period for taking state exam after passing prelicense course | 2 years |
DBPR to approve or deny license application | 90 days of receipt |
Upon application, broker applicants must have maintained an active license | 2 of past 5 years |
To be licensed as a Florida resident, must have continuously resided in FL (or presently with intent to reside) for | 4 months |
License expiration periods | every 2 years |
14 hours of CE or initial postlicense course must be completed by | March 31 or September 30 |
Florida Real Estate Commissioners serve terms of | 4 years |
Deadline after which license becomes null and void via voluntary non-renewal, non-completion of postlicense course, or failure to activate an inactive license | 2 years |
Must notify FREC of mailing address change within | 10 days |
Florida resident licensee becoming a nonresident must notify FREC within | 60 days |
Brokers must retain records for | 5 years |
Deadline for sales associates to convey trust funds to broker | End of following business day |
Broker must deposit trust funds received | Immediately or end of 3rd business day following receipt |
If there is an escrow account disbursement dispute, broker must notify FREC within | 15 days |
Deadline to notify FREC of employer change | 10 days following change |
Complaints against licensees must be filed within | 5 years of violation |
Fair housing complaints must be made to the FL Commission on Human Relations or HUD within | 1 year (2 years if suing) |
FREC can suspend a license for up to | 10 years |
Landlord must return tenant deposit in | 15 days if full: 30 days claiming a portion |