Abstract
Real Estate is an industry playing a vital role in Florida’s economy, thus generating a substantial amount of interest in the general population. Obtaining a Florida Real Estate license it is not an easy task though. The object of the present investigation is to outline the local licensing process and discuss the different routes that lead aspirants to drop out from the licensing system without earning their personal objective. Despite the low pass rates at the state licensure exam it could be argued that non-academic factors may have even a more significant impact on the ultimate fate of Florida Real Estate license aspirants. Further research is needed to clarify the relative proportions of each separate dropout path because of the fragmentary nature of the information currently available. Keywords: real estate, Florida applicants, drop rates, licensure, aspirants DOI : 10.7176/JEP/10-11-02 Publication date : April 30 th 2019
Highlights
Real Estate is an industry playing a vital role in Florida’s economy
The rapid increase of real estate prices in the 1920s in Florida stemmed from a myriad of complex and delocalized roots including a general feeling of optimism for the future, after the American victory if WWI, the introduction of cars as a way of transportation, and the perspective of a soaring stock market (Broker & Hanes, 2014)
The rapid increase of Florida real estate prices observed in the roaring twenties came to a sudden end when the New York stock market crashed on October, 24 1929
Summary
Real Estate is an industry playing a vital role in Florida’s economy. For example, it has estimated that Florida commercial Real Estate alone, ranks third in the Nation in terms of volume (Fuller, 2018). Investors from the Northeast United States either already took their money away from Florida, liquidating assents in favor of cash profits, or quickly moved out from real estate to cover their need for capital unfulfilled by a down-sloping stock market, leaving the locals, that were usually leveraged in their real estate, on negative equity positions. It would take years for the Florida real estate market to re-build its image (Nicholas & Scherbina, 2012). As Real Estate assumed a more prominent role in the state economy, the Florida Real Estate profession went from an unorganized, and selfdirected occupation heavily inspired by speculators, to a more formally organized profession
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