Florida Agency Law

# Florida Agency Law and FS 475 Exam: Florida Real Estate Salesperson Last Updated: 2026-06-29 (content_version: 2 — statute-grounded enrichment) --- ## Florida Statute 475 — The Real Estate License Law Chapter 475, Florida Statutes is the primary law governing real estate licensees in Florida. It defines who must be licensed, establishes the Florida Real Estate Commission (FREC), defines brokerage relationships, and sets penalties for violations. ### Key Definitions Under FS 475 | Term | Definition | |---|---| | Broker | A licensed person who, for compensation, performs real estate services for another | | Sales Associate | A licensed person who performs real estate services under the direction of a broker | | Broker Associate | A person qualified to be a broker but who chooses to work under another broker | | Real Estate | Real property, leaseholds, businesses with real property, and certain other interests | | Transaction | Any act that requires licensure under FS 475 | > Exam Tip: A sales associate is always employed by and works UNDER a licensed broker. A sales associate cannot operate independently, receive compensation directly from a buyer or seller, or hold their own escrow account. ### License Education Hours — Sourced from FS Ch. 475 | License Level | Pre-License Education | Post-License (1st Renewal) | CE (Subsequent Renewals) | |---|---|---|---| | Sales Associate | 63 classroom hours (Course I) | 45 hours — failure = license null and void | 14 hours per 2-year biennium | | Broker | 72 classroom hours (Course II) |…