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Practice Of Real EstateLicense_lawMEDIUM

During a broker supervision meeting in Pensacola, a broker asks which statement best reflects Florida law about membership makeup.

Correct Answer

C) After the hearing process, FREC issues the final order in a disciplinary case.

After the hearing process, FREC issues the final order in a disciplinary case. 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
Every FREC member must be a currently active broker for at least five years.
B
Florida law requires two FREC members to be at least 60 years old.
C
After the hearing process, FREC issues the final order in a disciplinary case.
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

Florida brokers are required to maintain transaction records and escrow records for a minimum of five years.

A tie-in arrangement is an illegal antitrust practice in which a seller conditions the purchase of one product or service on the buyer's agreement to purchase a separate product or service.

A trust account, also called an escrow account, is a separate bank account maintained by a broker to hold funds belonging to others, such as earnest money deposits, security deposits, or other client funds.

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