Frequent question: Why was the Florida real estate Commission created?

Why was the Florida real estate Commission Frec or the commission created?

The Florida Real Estate Commission (FREC) was created to educate and regulate real estate licensees. The commission has seven members appointed by the Governor and confirmed by the Senate.

What is the primary purpose of the Florida Real Estate License law?

The purpose of the law is to protect the public. The Florida Legislature deems it necessary, in the interest of the public welfare, to regulate real estate brokers, sales associates, and schools in this state.

What government entity was created for the purpose of administering and enforcing Real Estate License law?

What government entity was created for the purpose of administering and enforcing real estate license law? The Florida Real Estate Commission (FREC). You just studied 35 terms!

IMPORTANT:  Quick Answer: Where is Digital Realty headquarters?

What does the registration of an active sales associate with the department refer to?

What does the registration of an active sales associate with the Department refer to? Registration is the placing and keeping on record of the name and address of an individual or business.

What disqualifies you from being a real estate agent in Florida?

It all depends on the specific crimes on your record and how much time has passed since them. If you have a capital or first-degree felony, for example, your application will be denied. But if you committed a felony like tax evasion or breaking and entering and it’s been 15 years, your application might get approved.

What is the primary purpose of the real estate Commission?

The primary purpose of both the Real Estate Law and the Regulations of the Real Estate Commissioner is to protect the members of the public with whom real estate licensees come into contact in their business activities.

What is the main purpose of real estate law?

California’s Real Estate Law (also known as the license law) is contained in sections 10000 to 10580 of the Business and Professions Code. The purpose of the law is to regulate the real estate profession and protect the public from incompetent, unethical, or dishonest real estate agents.

What is the primary purpose of the license law?

The primary purpose of these laws was to provide consumer protection and to protect the welfare, health, and safety of the general public and prevent economic loss resulting from the dishonest practices of others in expectation of a fee or other valuable consideration.

IMPORTANT:  Quick Answer: How long does it take to get escrow refund after selling house?

What is a main function of the Texas Real Estate Commission?

The purpose of the Texas Real Estate Commission is to protect the public through regulation of licensed real estate brokerage practitioners, real estate inspectors, residential service companies, and entities offering timeshare interests.

Who many times can a person retake a real estate license examination quizlet?

How many times can a person retake a real estate license examination? An unlimited amount. You just studied 21 terms!

What common law affects agency?

CREATION OF AGENCY. An agency is the legal relationship whereby one person, an agent, is authorized by another, a principal, to act on that person’s behalf, and is empowered to do what the principal could lawfully do in person.