Which answer most accurately states the Florida rule for commission powers?
Correct Answer
D) Two FREC members must be consumer members who are not, and never have been, brokers or sales associates.
Two FREC members must be consumer members who are not, and never have been, brokers or sales associates. 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
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.
In real estate, the distinction between an independent contractor and an employee determines tax treatment, liability, and the level of control a broker may exercise over the agent's daily activities. Most real estate agents operate as independent contractors.
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In Wyoming real estate practice, an associate broker or salesperson is not associated with a responsible broker at renewal. What should the licensee remember?
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