In the case where a broker was found guilty of license law violations and the Recovery Fund was required to pay a judgment of $8,000 from the fund, what could the FREC do to the broker

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22-07-2022
Business

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In the case where a broker was found guilty of license law violations and the Recovery Fund was required to pay a judgment of $8,000 from the fund, what could the FREC do to the broker

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tutorconsortium206 tutorconsortium206 · Answer 1 · 2022-07-30T17:49:12+02:00

When a broker was found guilty of license law violations and the recovery fund was required to pay a judgment of $8,000 from the fund, the FREC must revoke the broker's license for being found guilty.

The Florida Real Estate Commission (FREC) is what, exactly?

The Florida Real Estate Commission (FREC) was established to supervise and instruct real estate licensees. The governor appoints and the Senate confirms the seven members of the commission.

Its breakdown is as follows:

Real estate brokers who have been actively licensed for five years prior to joining the commission are required to make up four of the FREC members.
One member must be a licensed broker or sales associate who has held an active license for the two years prior to appointment.
Two of the members must be individuals who are not now and have never been brokers or sales representatives.
Members of the FREC are appointed to four-year terms, and at least one member must be 60 or older.

Learn more about the Florida Real Estate Commission (FREC) with the help of the given link:

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