Registering & Operating a Brokerage Entity in Florida

Instructor: Kat Kadian-Baumeyer

Kat has taught college Management and Hospitality Management and has a Master's degree in Organizational Leadership and Management

In Florida, a qualified real estate broker can open his or her own brokerage by meeting certain criteria and following a few steps set forth by the Department of Business and Professional Regulation.

In Florida, What Is Meant By A Qualified Broker?

Jerry Watkins has been in the real estate business for over 20 years. He started as a sales associate. Over time, Jerry earned his stripes and wanted to become a broker. Jerry wasn't sure how to accomplish this goal, so he turned to the Department of Business and Professional Regulation (DBPR) for answers. The Department of Business and Professional Regulation licenses and regulates businesses, including real estate entities. He learned that to become a broker in Florida, he must meet the following criteria:

  • Be an active sales associate in an agency for 24 months prior within five years before applying to become a real estate broker
  • Attend a 72-hour course approved by the Florida Real Estate Commission (FREC)
  • Submit the broker application to the DBPR
  • Pass the Florida Real Estate Broker Examination with a grade of 75 or above
  • Activate broker's license with the DBRP using the DBPR RE 13 Broker Transaction form
  • Complete a 60-hour FREC-approved post-licensing course before initial broker's license expires

On a side note, the Florida Real Estate Commission protects the public through education and regulation of real estate licensees.

Armed with useful information and a plan, Jerry sets his sights on owning a brokerage. He has even come up with a cool name for his company, naming his brokerage after his late cat, Bonkers. Once Jerry meets the criteria, he will open Bonkers Real Estate Brokerage in his hometown of Bradenton, Florida.

Now that Jerry knows what it takes to qualify as a broker, he must determine the criteria for actually opening the brokerage he has dreamed about for several years.

What Criteria Does A Broker Have To Meet To Open A Brokerage?

Since qualifying as a broker, Jerry has moved on to his next goal, to see his brokerage's name in lights. Jerry's dream of opening Bonkers Real Estate Brokerage is only a few steps from becoming a reality.

Here's what Jerry needs to do to make Bonkers a reality. For one, he must give himself a title. The Florida Department of State, Division of Corporation requires that at least one active broker hold the title of officer, director, member, manager, or partner. Once he decided which title he likes best, he will have to file this information with the Department of State by logging into www.sunbiz.com.

Jerry will also have to pay a fee of $77.00. Jerry isn't worried about the small fee. After all, he has been thinking about becoming a broker in an agency he owns forever. But, Jerry cannot get lost in his dreams. He has some work to do first.

The DBPR requires that any person who wants to open a real estate brokerage complete an Application for Real Estate Company. Here are the qualifications:

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