Scenario Harbor Review raises this Florida point. In a Tallahassee transaction, a closing coordinator wants the Florida rule on branch office supervision. Which statement is correct?
Correct Answer
A) Only the branch manager is responsible for every branch-office compliance issue; the broker of record has no exposure.
A broker may face discipline for failing to review files, policies, or trust-account handling adequately. This follows F.S. § 475.25(1)(u); Rule 61J2-10.032, F.A.C.; Rule 61J2-14.012, F.A.C.; FREC Real Estate Law Book.
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Broker Roberts discovers that a sales associate has been operating under an expired license for the past 60 days while continuing to show properties and write contracts. Several transactions are pending closing. What is the broker's most serious immediate concern?
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Broker Maria discovers that her sales associate has been depositing earnest money checks into his personal account instead of the brokerage's escrow account. What is Maria's primary responsibility under Florida law?