Are you looking to get your real estate license in Florida? You may be wondering if you can transfer your existing license from another state. The answer is yes, but it depends on the state you are coming from and the type of license you have.
Getting Your
Real Estate License in Florida
This article will discuss how applicants can maximize their chance of success when transferring their existing licenses from other states. This is done by understanding how reciprocal and mutual recognition agreements work in regards to obtaining a real estate broker's license in Florida. It will also provide an overview of what topics will be covered on the mutual recognition law exam, as well as advice on how best to prepare for it. Additionally, it will cover the distinctions between "reciprocity" and "mutual recognition," so that applicants understand exactly what type of licenses they need for each situation.
Understanding
Reciprocity vs. Mutual Recognition
In Florida, there are two types of reciprocity agreements: Reciprocity and Mutual Recognition. Reciprocity is an agreement between two states that allows a licensee to transfer their license to another state without taking additional courses or exams. Mutual recognition is an agreement between two states that allows a licensee to transfer their license without taking additional courses or exams, but they must pass the law portion of the exam in the new state.
Currently, Florida has mutual recognition agreements with eight states: Alabama, Arkansas, Connecticut, Georgia, Illinois, Mississippi, Nebraska and Rhode Island. This means that if you hold a real estate license in one of these states and want to practice in Florida, you can do so by passing the law portion of the Florida Real Estate Mutual Recognition Exam.
Preparing
for the Mutual Recognition Exam
The exam consists of 80 multiple-choice questions covering topics such as real estate law and principles, contracts, finance, fair housing, property management, appraisal, and escrow procedures. To pass this exam, applicants must score at least 75%. Once passed, applicants will receive a certificate which they must submit when applying for their Florida real estate license.
Once the mutual recognition broker's license in Florida is obtained, you will be able to sell anywhere within the state. However, if you plan on selling outside of your home state or county then you will need to obtain a separate non-resident broker's license for each area where you plan on doing business.
It is important to understand the distinction between "reciprocity" and "mutual recognition" when transferring your real estate license from one state to another. While both allow for transferring licenses without taking additional courses or exams, only mutual recognition requires passing an exam specific to the new state's laws and regulations before being granted a new broker's license.
By understanding how reciprocity and mutual recognition work regarding obtaining a real estate broker's license in Florida, applicants can maximize their success when transferring their existing licenses from other states. With proper preparation for the mutual recognition law exam and knowledge of what states have reciprocal agreements with Florida for real estate licensing purposes, applicants can easily obtain their licenses with minimal effort!
Maximizing
Success with Florida Real Estate School
To ensure that you get off to a strong start and maximize your success as a real estate agent, it is highly recommended that you complete our Mutual Recognition Law Review course. This course prepares you to pass the Florida Real Estate Mutual Recognition Law Exam. With our help, you can hit the ground running with your new license after you pass this exam and make the most out of your career in real estate!
If you are looking to obtain a real estate broker's license in Florida through mutual recognition and require further information or assistance, contact Florida Real Estate School today!