Who makes up the Florida real estate commission?

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.

Who are the members of the Florida real estate commission?

Governor Ron DeSantis Appoints Five to the Florida Real Estate Commission

  • Tallahassee, Fla. …
  • Patricia “Patti” Ketcham.
  • Renee Butler.
  • Patricia Fitzgerald.
  • Randy Schwartz.
  • Richard Barbara.

Which power gives the Florida real estate commission?

The FREC has the power to grant or deny applications for real estate licensure. What is the primary purpose of the Florida Real Estate Commission?

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What is Frec made up of?

The Florida Real Estate Commission (FREC) is a self-governing body made up of seven members who administer and enforce the real estate license law, Chapter 475, Part I, Florida Statutes.

Which power is not given to the Florida real estate commission?

Which power is NOT given to the Florida Real Estate Commission? The answer is imposing jail sentences. Jail time must be imposed by a criminal court. The FREC is empowered to make determinations of license law violations and impose administrative penalties.

Which agency is not allowed under Florida law?

This is commonly known as dual agency. Dual agency is NOT legal in the state of Florida, and I will tell you why that is a really good thing! In Florida, it is against the law for a Realtor represent the Buyer and Seller in the same transaction as a fiduciary.

What is the primary purpose of the Florida real estate commission?

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.

Who makes up the real estate commission?

Real estate agents make a commission on each home they successfully sell. That commission is generally around 5-6% of the sales price. But one agent won’t necessarily pocket the entire 5-6%. Real estate agent commissions are often split 50/50 between the seller’s agent (or “listing agent”) and the buyer’s agent.

What is the maximum number of years a member may serve on the Florida real estate commission?

2. What is the maximum number of years a member may serve on the Florida Real Estate Commission? FREC members are appointed for a 4-year term. Members may not serve more than two consecutive terms, although there is no maximum number of years they may serve as long as no more than two terms are consecutive.

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Which of the following is a principal role of the real estate commission?

enact the state’s real estate license law. … institute a system of private real estate schools to fulfill educational requirements. A principal role of the real estate commission is to. * pass a state license examination.

Which of the following is a true statement about a Florida real estate licensee’s duty to disclose?

Which of the following is a true statement about a Florida real estate licensee’s duty to disclose? Licensees owe all parties and customers the duty to disclose material facts relating to the value of the property.

When a phone caller inquires about a property that’s no longer available a switch sheet allows an agent to?

When a phone caller inquires about a property that’s no longer available, a switch sheet allows an agent to: quickly reference similar properties. The three C’s of credit include character, capacity and: capital.