At a real estate law seminar in Gainesville, a file review raises a question about membership makeup. Which answer is most accurate under Florida law?
Correct Answer
C) At least one FREC member must be 60 years of age or older.
At least one FREC member must be 60 years of age or older. This follows F.S. § 475.02; F.S. § 475.25; Rule 61J2-20.009, F.A.C.; FREC Real Estate Law Book.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Brokers in Florida have strict responsibilities for managing escrow accounts, including monthly reconciliation and proper handling of trust funds.
FREC has the authority to impose fines and other disciplinary actions on licensees who violate real estate laws and rules.
A group boycott is an illegal antitrust practice in which two or more competing real estate businesses agree to refuse to work with a specific person, company, or entity in order to harm that party's ability to compete.
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