The FREC regulates administrative matters for the real estate profession. The ______________________ oversees the DRE, which administers the FREC to regulate real estate in Florida. This authority is held by the DBPR.
The Florida Real Estate Commission held a meeting for the purpose of passing a new rule. This is an exercise of which Commission power? Quasi-legislative powers give the FREC the power to make and pass rules regulating the operation of licensees and the real estate profession.
Which power is not given to the Florida real estate Commission?
Which power is NOT given to the Florida Real Estate Commission? The answer is imposing jail sentences. Jail time must be imposed by a criminal court. The FREC is empowered to make determinations of license law violations and impose administrative penalties.
How do Realtors report unethical behavior?
Complaints against Real Estate Agents or Companies
If you have a complaint against a licensed real estate agent or business, visit California DRE’s website for details on How To File A Complaint, or call the California DRE Public Information Line at (877) 373-4542.
The FREC has the power to grant or deny applications for real estate licensure.
Which of the following is a true statement about a Florida real estate licensee’s duty to disclose?
Which of the following is a true statement about a Florida real estate licensee’s duty to disclose? Licensees owe all parties and customers the duty to disclose material facts relating to the value of the property.
When a phone caller inquires about a property that’s no longer available a switch sheet allows an agent to?
When a phone caller inquires about a property that’s no longer available, a switch sheet allows an agent to: quickly reference similar properties. The three C’s of credit include character, capacity and: capital.
What is the fine per call in violation of Florida’s telemarketing act?
Violators of the federal Telephone Consumer Protection Act may be fined up to $11,000 per call. The penalty for violating Florida’s Telemarketing Act is $10,000 per call. An escrow account is an account for the deposit of money held by a third party in trust for another for safekeeping.
Can real estate commissions be paid to an LLC in Florida?
Sales associates and broker associates are only able to collect their compensation for real estate services through their broker, either directly/individually or through a PA, LLC or PLLC in their licensed name only. (see 475.161, Florida Statutes).