At a brokerage compliance meeting in Miami, all of the following statements about frec structure are correct under Florida law EXCEPT.
Correct Answer
A) Every FREC member must be a currently active broker for at least five years.
Only four seats require the five-year active-broker background; the remaining seats follow different qualifications. F.S. § 475.02; F.S. § 475.25; Rule 61J2-20.009, F.A.C.; FREC Real Estate Law Book supports the correct Florida rule.
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