Learning Objectives and Time Requirement
Florida Real Estate Continuing Education (FLA.CE) Unit Learning Objectives and Time Requirement
Unit 1: License Law and Regulations Update
Unit One Learning Objectives: When the student has completed this unit he or she will be able to:
- Characterize the most essential aspects of Florida real estate licensure, including regulatory entities, types of licenses and what activities require licensure and Commission oversight.
- Summarize the requirements for initial licensure, both general and educational, for both sales associates and brokers.
- Describe the various requirements and procedures for maintaining ongoing active licensure, including the license renewal process, postlicense education requirements, and continuing education deadlines and requirements.
- Summarize the various statuses of licensure that licensees can encounter in Florida brokerage practice
Unit time: 1 hour
=================================================================================
Unit 2: Brokerage Relationships & Licensee Disclosures
Learning Objectives: When the student has completed this unit he or she will be able to:
- Describe the various forms of agency relationship allowed by Florida law, and how each relationship varies in form and duties.
- Summarize relationship disclosure requirements by type of relationship imposed by the Brokerage Relationship Disclosure Act.
- List and summarize the various non-relationship disclosures that licensees and/or sellers must conduct in a timely fashion, including those relating to property condition, the environment, material facts, and homeowners associations.
- Summarize the forms, liabilities and pitfalls of misrepresentation including intentional and negligent misrepresentation.
Unit time: 1 hour
=================================================================================
Unit 3: Brokerage Operations Regulation
Learning Objectives: When the student has completed this unit he or she will be able to:
- Characterize salient regulations governing the operation of brokerage companies, including those relating to branches, escrow procedures, recordkeeping, and trade names.
- Describe the restrictions imposed on licensees as they conduct advertising activities and team-level marketing practices
- Characterize how regulations impact unlicensed assistants, working with rental lists, and collecting compensation for brokerage services
Unit time: 1 hour
=============================================================================
Unit 4: Professional Practices & Realtors® Code of Ethics, Part I
Learning Objectives: When the student has completed this unit he or she will be able to:
- Summarize the role, general structure and organization of the Realtor® Code of Ethics.
- Describe the purpose and import of the Preamble for the Code of Ethics
- Characterize the general import and practical applicability of Articles 1-9 of the Realtors® Code of Ethics
Unit time: 1 hour
==============================================================================
Unit 5: Realtors® Code of Ethics, Part II
Learning Objectives: When the student has completed this unit he or she will be able to:
- Identify the protected classes from Article 10.
- Explain the duties a Realtor® owes to the public.
- Summarize the changes in Article 10 and give examples of violations.
- Identify common errors in advertising made by Realtors®.
Unit time: 1 hour
=================================================================================
Unit 6: Realtors® Code of Ethics, Part II I
Learning Objectives: When the student has completed this unit he or she will be able to:
- Explain the duties a Realtor® owes to other Realtors®.
- Summarize the overriding thesis of the Pathway to Professionalism
- Identify the penalties for violating the Code of Ethics.
- Define and differentiate between mediation, arbitration, and the Ombudsman program.
Unit time: 1 hour
=================================================================================
Unit 7: Fair Housing, ADA & Fair Financing Laws
Learning Objectives: When the student has completed this unit he or she will be able to:
- Define and describe the principal forms of illegal discrimination
- Identify what parties are exempt from the fair housing prohibitions
- Describe how fair housing violations are enforced
- Summarize the key provisions of the Americans with Disabilities Act
- Define and summarize the principal forms of antitrust legislation, including The Sherman Antitrust Act, Clayton Antitrust Act, collusion; price-fixing; market allocation; and tie-in agreements
Unit time: 1 hour
=================================================================================
Unit 8: Property Management and Landlord-Tenant Relations
Learning Objectives: When the student has completed this unit he or she will be able to:
- Describe the essential roles and objectives of owner and manager conducting property management business; describe the central provisions of the management agreement
- Describe the principal functions of the property manager as they relate to tenants, marketing, financial goals, and property maintenance
- Summarize the critical duties of the landlord and the tenant in an apartment rental scenario
- Describe the general process of eviction including deposit return, damages, and lease terminations
Unit time: 1 hour
=================================================================================
Unit 9: Risk Management
Learning Objectives: When the student has completed this unit he or she will be able to:
- Identify numerous ways to capitalize on risk reduction via the adoption of key risk management strategies
- Summarize significant areas of risk encountered by licensees in the ordinary discharge of their brokerage activities
Unit time: 1 hour
=================================================================================
Unit 10: Homeowners Insurance and Flood Insurance
Learning Objectives: When the student has completed this unit he or she will be able to:
- Describe the purpose and types of homeowners insurance policies and the related range of coverages offered by such policies
- Generally characterize the distinctions between HO-I through HO-8 homeowners’ policies
- Describe the nature and purpose of flood insurance and how it is impacted by flood zones and federal FEMA regulations
- Characterize the licensee’s disclosure obligations with respect to flood insurance
Unit time: 1 hour
==============================================================================
Unit 11: Real Estate Economics and Valuation
Learning Objectives: When the student has completed this unit he or she will be able to:
- Identify the key correlations between real estate supply, demand and prices and how market influences can affect their interaction.
- Summarize the essential determinants of value and the valuation laws underlying residential market valuation.
- Describe how the sales comparison approach to valuation works and how comparables form the basis for the estimate of value.
- Explain the income approach to value and the step-by-step process for deriving income property valuation estimates using the approach.
Unit time: 1 hour
=================================================================================
Unit 12: Analysis of Capital Gain and Cash Flow
Learning Objectives: When the student has completed this unit he or she will be able to:
- Define key capital gain and cash flow analysis terms and describe the specific steps involved in deriving the capital gain or loss of a residential or income property.
- Describe the steps involved in deriving pre-tax cash flow of an income property.
- Explain how investors derive tax liability from an investment property.
- Summarize how to derive after-tax cash flow using pre-tax cash flow and tax liability.
- Explain how a cash flow analysis can be used by investors to evaluate the desirability or feasibility of a given investment.
Unit time: 1 hour
=================================================================================
Unit 13: Florida Sales Contracts
Learning Objectives: When the student has completed this unit he or she will be able to:
- Explain how validity and enforceability of sales contracts are determined and what parties to the transaction are authorized to complete the sales contract.
- List and characterize the principal disclosures that must be made to the buyer and/or seller in completing the contracting process
- Summarize the general process and mechanics involved in finalizing an executed sales contract including offering, counteroffering, acceptance, contingencies and provisions for default
- Highlight essential provisions included in Florida sales contracts including deposits, possession, and default.
Unit time: 1 hour
=================================================================================
Unit 14: Pre-closing and Closing
Learning Objectives: When the student has completed this unit he or she will be able to:
- Describe the essential tasks and diligence that must be performed following contracting and preceding closing, including financing, inspections, and repairs.
- Describe the key events that must transpire at closing and what roles the broker, lender and principals play in completing the closing process
- Summarize the key provisions of RESPA / TRID in closing residential transactions.
- Describe and quantify real estate taxes charged at closing including the prorated ad valorem tax, stamp tax, doc stamp tax and intangible tax
Unit time: 1 hour