How many of the members of Frec are not and never have been brokers or sales associates?
2 members
How many members serve on the Florida Real Estate Commission?
The Florida Real Estate Commission (FREC) consists of seven members and meets monthly. The commission meeting is usually the third Tuesday and Wednesday of the month. The FREC administers and enforces the real estate license law, Chapter 475, Part I, Florida Statutes.
Are Frec members paid?
” The Florida Real Estate Commission (FREC) is made up of selected volunteers, not state employees. FREC members are paid a per-day rate for reimbursement. The Commission’s purpose is to protect the public.
Who are the members of the Frec?
What Is the Florida Real Estate Commission (FREC)
Who appoints the chairperson of Frec?
11 Cards in this Set
What is Frec made up of?
The Florida Real Estate Commission (FREC) was created to protect the public through education and regulation of real estate licensees. The Commission consists of seven members appointed by the Governor, subject to confirmation by the Senate.
What power or duty does the Frec have?
The FREC governs the conduct of all licensees. As such, the Commission has the power to investigate and discipline any licensee that violates the law.
How do I contact Frec?
The FREC can provide information as to the status of the license of a broker or salesperson and can provide information about any past or present disciplinary actions. Contact the FREC at (850) 487-1395.
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The FREC can then impose any sanctions or penalties it deems appropriate. These can include: Fines ” The maximum administrative fine is $5,000 for each separate offense a licensee is found to be in violation of. License Suspension ” The maximum period is ten years.
What action can Frec not?
FREC has the authority to Deny a license application, Refuse to renew a license, Suspend a license up to 10 years, Revoke a license, Impose an administrative fine, Issue a reprimand, and Imprison a licensee.
What is a legally sufficient complaint?
A complaint is legally sufficient if it contains ultimate facts that show that a violation of this chapter or of any rule adopted by the department or the board has occurred. In order to determine legal sufficiency, the department may require supporting information or documentation.
What is culpable negligence in real estate?
Definition: Insufficient attention to duties and responsibilities by those who know, or should know, what is required of them. Pronunciation: ˈkəl-pə-bəl ˈne-gli-jən(t)s Used in a Sentence: The broker was charged with culpable negligence for not managing his agents properly.
Which element is not essential in a valid real estate sale contract?
Which element is NOT essential in a valid real estate sale contract? Brokers and sales associates should NOT prepare deeds, mortgages, or promissory notes.
Can Frec impose restitution?
The FREC does not have the authority to order restitution to an injured party. If the acts of a licensee harm a consumer, the injured party may seek damages in a court of law.
Which brokerage relationship duty applies to all three types of brokerage relationships?
Which brokerage relationship duty applies to all three types of brokerage relationships? The answer is ACCOUNTING FOR ALL FUNDS. Loyalty and confidentiality are single agent duties. The duty to use skill, care, and diligence is a duty of transaction broker and single agent relationships.
What is the purpose of a notice of noncompliance?
The notice of noncompliance shall identify the statute and rule being violated and shall provide information on how to comply with the statute and rule.
What is a legally sufficient complaint quizlet?
Complaint. An alleged violation of a law or rule. Legally sufficient. A complaint must be legally sufficient to be investigated. This means that the complaint must allege that a violation of Florida Statute, DBPR rule or FREC rule has occurred.
What is the charge for anyone found guilty of using false or misleading advertising?
A person or company that violates this section is guilty of a misdemeanor. The offense is punishable by: Imprisonment in the county jail for up to six months; and/or, A fine not to exceed $2,500.
Is it against the law to falsely advertise?
California’s False Advertising Law California’s False Advertising Law (FAL) prohibits any company or individual from making false statements or statements likely to mislead consumers about the nature a product or service.
States have their own laws regulating false advertising and other deceptive trade practices. California, for example, prohibits dissemination of information about products or services that is “untrue or misleading,” with both civil and criminal enforcement.
False or misleading advertisements, or advertisements that create false associations, are prohibited by law, namely the Trademarks Act, the Consumer Protection Act and the ASCI Code. The advertisers can use superlatives (puffery) to boost the merits of their products, such as ‘the best’, ‘number 1’ or ‘the greatest’.
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