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Under Florida law and current official guidance, which statement about membership makeup is correct?

Correct Answer

A) The Florida Real Estate Commission has seven members appointed by the Governor and confirmed by the Senate.

The Florida Real Estate Commission has seven members appointed by the Governor and confirmed by the Senate. This follows F.S. § 475.02; F.S. § 475.25; Rule 61J2-20.009, F.A.C.; FREC Real Estate Law Book.

Answer Options
A
The Florida Real Estate Commission has seven members appointed by the Governor and confirmed by the Senate.
B
Every FREC member must be a currently active broker for at least five years.
C
Florida law requires two FREC members to be at least 60 years old.
D
FREC members serve six-year terms unless removed by the department.

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Related Topics & Key Terms

Key Terms:

floridastate_portionfrec_structurelicense_law_frec_rules

Related Concepts

Broker supervision is the legal obligation of a designated or managing broker to oversee and be accountable for the real estate activities of all salespersons and associate brokers operating under their license.

Commingling is the illegal act of mixing client funds with a broker's personal or business operating funds, while conversion is the unauthorized use of client funds for the broker's own benefit. Both are serious violations that can result in license revocation.

Commingling is the illegal act of mixing client trust funds with a broker's personal or business operating funds; conversion is the misappropriation of those funds.

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