Chapter 3 - License Law and Administation Flashcards
1
Q
Chapter 475
A
Real Estate License Law
2
Q
Chapter 455
A
Regulation of Business and Professions
3
Q
Department of Business and Professional Regulation
A
DBPR or BPR; regulates business and professions; Secretary of DBPR appointed by governor, confirmed by senate
4
Q
Powers and Duties of DBPR
A
- Adopt rules and regulations
- Santind to challenge any rule of Commission
- Prepare and administer examinations
- Issue licenses
- Investigate Complaints
- Seek evidence in investigation or proceeding (take depositions and issue subpoenas)
5
Q
Division of Real Estate
A
- Also Known as DRE
- Director appointed by Secretary of DBPR subject to approval by Commission
- Provides all services concerning Chapter 475
6
Q
Duties of Division
A
- Executive (investigation of complaints)
- Ministerial (maintenance of records)
- Administrative (clerical and routine duties)
7
Q
Funding of Division
A
Fees and assessments of Commission
8
Q
Principal Office of DRE
A
Orlando, by law
9
Q
Purpose of Chapter 475
A
Protect public from economic loss
10
Q
Rules (DRE)
A
Implemtent and prescribe law
11
Q
Florida Real Estate Commission
A
- FREC
- agency
- Administers and enforces administrative license law
12
Q
Membership of FREC
A
- 7 members in total
- 4 brokers
- 1 broker or Sales associate
- 2 consumer members
- 1 member must be 60 or older
13
Q
Appointment of Members (FREC)
A
- Appointed by governor for 4-year terms
- confirmed by senate
14
Q
Compensation of Members (FREC)
A
- Not salaried employees of DBPR
- Compensated for attending meetings ($50 each meeting)
- Reimbursement for expenses conncected with their official activities
15
Q
Election of Officers Annually (FREC)
A
Chairperson and Vice Chairperson elected