Content
27 modules
Rating
Instructor
Niki Ackels
Description
Laws governing real estate are complex and varied. This GRI course provides an overview of real estate law beyond the basic sales associates’ course. The material is not designed to make participants legal experts, but rather to help them identify and understand legal issues that arise. This material will also provide a "red flag notice" of when participants are potentially going into a danger zone—the unlicensed practice of law.
Objectives
At the end of this course, students should be able to:
- Identify and avoid the unlicensed practice of law.
- Describe the two Supreme Court Approved lease forms for use by licensees in Florida.
- Describe the seller’s duty to disclose material facts under the Johnson v. Davis ruling and the licensee’s duty under Rayner v. Wise Realty Co.
- Demonstrate knowledge of the Florida Landlord and Tenant Act.
- Describe the disclosures required in the sale of Condominiums or properties covered by a Homeowner’s/Community Associations.
- Identify Florida Environmental and Growth Management Laws.
- Demonstrate knowledge of the requirements in the Florida Brokerage Relationship Disclosure Act.
- List the duties included in the Single Agent, Transaction Broker and No Brokerage Relationship.
- Identify the requirements for transitioning a brokerage relationship from one to another.
- Describe the disclosure requirements in the Designated Sales Associate Relationship.
- Explain the FREC rules regarding a Broker’s Escrow Account.
- List and describe some of the common environmental hazards associated with real property.
- Identify the rules regarding Mutual Recognition Agreements Florida has with other states regarding licensing education.
1.
Introduction
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2.
Unlicensed Activity
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3.
Exercise: A Couple Examples
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4.
Unlicensed Activity Continued
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5.
State Laws and Disclosures
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6.
Exercise: Disclosure
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7.
State Laws and Disclosures Continued
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8.
Exercise: Ethics
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9.
State Laws and Disclosures Continued
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10.
Condominium and Community Acts and Disclosures
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11.
Other Laws, Rules, and Regulations
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12.
Knowledge Check 1
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13.
The Brokerage Relationship Disclosure Act (as amended)
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14.
Exercise: Matching Definitions
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15.
The Brokerage Relationship Disclosure Act (as amended) Continued
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16.
Exercise: Ethical Obligations
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17.
The Brokerage Relationship Disclosure Act (as amended) Continued
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18.
More About Brokerage Relationships
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19.
Knowledge Check: Brokerage
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20.
More About Brokerage Relationships - Electronic Records and Electronic Signatures
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21.
Funds Entrusted to Brokers (Chapter 61J2-10)
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22.
Common Environmental Hazards
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23.
Mutual Recognition
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24.
Knowledge Check: Other Law
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25.
Case Studies 1 & 2
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26.
Case Study 3
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27.
Resources and References
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The law is difficult in and of itself. It's more difficult when it's being tested. Often times, the test questions have to be worded in way to make you think carefully and not make the answers totally obvious; but become even more dubious than the reading and the interpretation of the direct law itself. That being said, it is a very strong intellectual exercise to create understanding.
GRI 103 should be reviewed. Many of the test questions use terms not otherwise explained or scenarios not addressed in the materials. In addition, the questions are not in proper order. For example, option includes response 1 and 2 but there is no indication what 1 and 2. So option 1 and 2 can be the first answer and the remaining 3 below are not numbered.
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