Government Flashcards
What gov entity protects consumers by enforcing real estate rules and discipline and when was it formed
FREC Florida real a state commission 1926
Describe FREC leadership
Appointed by Governor, Senate confirmed, volunteers per DM, chair person elected by members
What is the regulatory agency for real estate
FREC, Florida real estatecommission
License exams – who creates the tests
FREC
Which entity issues licenses in and what branch is it in
The DBPR, Department of business and professional regulation, issues licenses in the executive branch
Who staffs the FREC and are they compensated and who appoints them
Appointed by Governor with Senate confirmation volunteers, seven members
What is the make up of the FREC
Seven members
four licensed brokers with five years experience,
one licensed broker or sa with two years experience,
two consumers
at least one must be 60+
serve for four years
How does the DBPR know a candidate is qualified for a license
They are certified by the FREC
What is the consumer protection agency for Florida real estate and what sections of the law address it
FREC
Chap 455
How many divisions for enforcement are there in the DBPR and what are they
Three
Division of professional licensing, five directors
Bureau of education and testing
Division of regulation – enforcement – insurers laws rules and standards a follow
What is the administration arm of the FIREC and are they paid or volunteers
DRE the division of real estate, paid employees
Hired by department of business and professional regulation’s
What are the services of the division of real estate
Relief
Record keeping
Examination services
Legal services
Investigative services
Education
Fees and late penalties
Who enforces and regulates real estate license
Frec
What are the legislative powers of the FRE
Enact rules (laws) governing re
affective 20 days after filing
What are the investigatory powers of the FRE
Inspect
audit
investigate complaints (mandatory if written)
What are the administrative powers of the FREC
Educate licensees
publish newsletters and books
regulate meetings
sets licensing related fees
What are the judicial member outcomes for the FRA
Impose disciplinary actions
Deny licenses
revoke licenses
reprimand
fine (fraud, misrep concealment 5K
probation
Suspend up to 10 years
What are the nonmember outcomes of the FRE see
Create certificates with seals prima fascia evidence
report criminal violations
obtain cease and disorder against unlicensed
inform division of Florida land sales, condo mobile homes when action is taken against their members
When was the first Florida license law created
1923
Who does zoning laws
Local community not federal government
Who regulates appraisals in Florida and how many many members are there
Florida real estate appraisal board
nine members
What kind of issues does federal regulation get involved with
Broad standards of usage
Natural disasters
Land description
Discrimination
What are some examples of federal regulations departments or agencies
Federal housing protection agency (usage, has mats, environment)
Federal flood insurance
Fair housing act
ADA
What does the state generally get involved with in terms of
The real estate business
Real estate laws and qualifications
Licenses.
Environmental
