How to Obtain a Business Broker License in Florida

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To become a business broker in the state of Florida, you must be at least 18 and have a high school diploma or GED, and then you simply need a general real estate broker license. The process to obtain a Florida broker license can take anywhere from two to five years, depending on the process you choose. You must first obtain a sales associate license and maintain that for two years before proceeding to a broker license. The only exception to the rule is completing a four-year degree in real estate.

  • Pass the state-approved sales associate pre-license course. The program is 63 credit hours. See Resources for course providers.

  • Apply for the sales associate license through the Florida Department of Business and Professional Regulation (see Resources section). You must submit the appropriate fee (about $105, as of April 2010).

  • Pass the state exam for a sales associate’s license. You must hold an active sales associate license for 24 months out of the previous five years prior to pursuing a broker’s license. To remain active, you must complete 45 hours of post-license course credits prior to the expiration of your license. You must also submit a renewal fee.

  • Complete and pass the 72-hour, state-approved broker pre-license course (see Resources section for additional course providers).

  • Submit the Application for Broker License, with the necessary fee, to the Florida Department of Business and Professional Regulation (see Resources section).

  • Proceed through the state broker’s exam with a passing grade. Obtain exam dates and locations from the Florida Department of Business and Professional Regulation following the approval of your license application.

  • Maintain an active license by taking the necessary 60-credit-hour post-license education course prior to the expiration date on your license and submitting a renewal application and fee.

Tips & Warnings

  • A four-year degree in real estate is the only exception to completing the above steps to obtain a business broker license. If you have the degree, you simply need to apply for the license and maintain post-license education as required. Additionally, those with a four-year degree do not have to complete any post-licensing courses.

References

  • Photo Credit David Sacks/Lifesize/Getty Images
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