(6) Violations Of License Law: Penalties and Procedures

Question 1

When a broker fails to disclose information to a party, to whom the broker has such a duty, and that is material to his or her decision

Answer 1

Concealment

Question 2

When a broker violates their duties of the principle in an agency relationship

Answer 2

Breach Of Trust

Question 3

If the licensee does not agree with the final order of the Commission, a petition for review may be filed with the Florida District Court Of Appeals within __ days of the final order

Answer 3

30

Question 4

What are the 3 type of penalties

Answer 4

Administrative (FREC)
Criminal
Civil

Question 5

What is the charge for anyone found guilty of using false or misleading advertising

Answer 5

Second-degree misdemeanor

Question 6

What is the maximum fine that FREC can impose against a licensee who is found guilty of two violations of F.S. 475

Answer 6

10,000

Question 7

How is the Real Estate Recovery Fund funded

Answer 7

Fees and fines paid by real estate licensees