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 
Upon default, a lease termination by the landlord or tenant requires 7-day written notice 
The rescission period for condominium and cooperative units is 15 days if new;  3 days if resale 
The rescission period for timeshares is 10 days 
Recission period for a purchased property with a homeowner’s association 3 days after receipt of HOA disclosure summary 
Period of continuous occupation to claim adverse possession 7 years 
Easement by prescription period 7 years 
Lender must provide Loan Estimate (H-24) within _____ of receiving the loan application and allow the buyer to see the Closing Disclosure (H-25) _______ before loan consummation 3 days  3 days 
Buyer’s right to receive copy of appraisal 3 or more business days before closing 
Loan applicants must receive the CFPB booklet “Your Home Loan Toolkit” within _____ of receiving a loan application. 3 days 
Homeowners can protest the assessed value of their house after the TRIM notice is mailed within 25 days 
Property taxes due dates November 1st ; delinquent on April 1st 
Right of redemption period in foreclosure Up until foreclosure sale completed 
Right of redemption period in tax certificate sale Two years from date of sale 
“As-in” inspection period following sale contract execution 15 days 
Copies of legal documents to principals Upon execution