You need to know – What are the exemptions from real estate licensure?

YouNeedToKnowWeb500There are 18 exemptions from real estate licensure:

  1. Individual property owners do not need a license when buying, selling, leasing or exchanging their own real estate
  2. Business entities (corporations, partnerships, trusts and joint ventures) do not need a license when buying, selling, leasing or exchanging their own real estate.  Salaried employees of these entities are also exempt provided that they are not paid per transaction or on a commission
  3. Attorneys in fact who have been given a power of attorney to act on someone else’s behalf
  4. Attorneys at law when acting on behalf of their clients; however they cannot be paid sales commission or referral fees
  5. Certified Public Accountants (CPAs for short) when acting on behalf of their clients
  6. Court Appointed Individuals when they are acting in the capacity of their court appointment (this includes trustees and receivers)
  7. Salaried employees who work in a leasing capacity at an on-site rental office of an apartment community or condominium, provided they do not receive a commission
  8. Salaried employees who are managers of an apartment complex or a condominium who rent individual units for periods no longer than 1 year, provided they do not receive a commission
  9. Salaried employees of an owner-developer, provided they do not receive a commission
  10. Salaried employees of governmental agencies who perform real estate services for the state or local government, provided they do not receive a commission
  11. Salaried employees of radio, television or cable enterprises provided that the transaction does not involve real property
  12. Cemetery lot salespeople
  13. Individuals who rent lots in mobile home parks or or recreational travel parks
  14. Owners of time-share periods for their own use who later offer their time-shares for resale
  15. State certified and licensed appraisers who are conducting appraisal services under Florida Statute 475 Part II
  16. Hotel and motel clerks
  17. Federally regulated banks and dealers registered with the SEC
  18. Apartment property owners and managers may pay a finders fee of up to $50 to an existing tenant of the complex for a referral