Only two partners must have a real estate license.

The partnership must be registered with the Commission, and all six partners must be active real estate brokers.

At least one partner must be licensed as an active broker.

A partnership cannot be formed as a Brokerage business.

The broker associate may be a member of the partnership.

The broker associate most hold an active broker's license.

The broker associate may make earnest money deposit with the broker's permission.

The broker associate may not provide real estate brokerage services.

Corporation sole

Limited partnership

Not-for-profit corporation

Corporation for Profit

Refer the parties to FREC

Consult with a real estate attorney who is experienced in handling escrow problems.

Give the escrow money to the closing agent.

Notify the FREC in writing.

The sales associate should immediately give the check to her employing broker.

The sales associate should hold the check and give the check to her broker when it becomes valid.

The sale associate should refuse to submit the offer without a cashier's check.

The sake associate should call the check and deposit the funds into her broker's escrow account.

Only one sign per firm is required regardless of the number of offices.

Every active broker must maintain a sign at each brokerage office or branch office.

Office signs are permitted but not required by law.

Each sale associate associated with the firm must have a separate sign.

An ad may not be prepared by a sales associate.

The name of the brokerage must be included in the ad.

The name of at least one sales associate must be included in the ad.

The name of the sales associate may not be included in the ad.

A safe in a real estate office.

A bank within the State of Florida.

A stock brokerage firm.

A broker's personal checking account.

Deposit the funds with the Florida Real Estate Commission.

Deposit the funds in an escrow account.

Deliver the funds to his or her broker or owner-developer.

Deposit the funds in an insured bank account.

0%

75%

100%

25%

At least one officer must be an active broker.

All sales associates, broker associate's and brokers who are registered with the firm must be either officers or directors.

If a sales associate wishes to be an officer or director, his or her license must be placed on inactive status.

Sales associate are not permitted to own stock in the entity.

Thursday

The following Monday

Friday

Wednesday

General Partnership

Corporation

Limited Partnership

Joint Venture

Implied

Executory

Parol

Bilateral

Statute of Frauds

Statute of Limitations

F.S. 475

F.S. 120