What are the powers and duties of the Florida real estate Commission?
The Florida Real Estate Commission has the duty to advance the education of licensees in ethics, law, and brokerage practices. The FREC governs the conduct of licensees, and has the power to investigate and discipline licensees who violate the law. Vigorous enforcement of real estate laws protect Florida consumers.
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 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?
Why was the Florida real estate Commission Frec or the Commission created?
The Florida Real Estate Commission (FREC) was created to educate and regulate real estate licensees. The commission has seven members appointed by the Governor and confirmed by the Senate.
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.
What is the Florida real estate law exam?
The exam tests knowledge of Florida real estate license law, statutes and administrative rules. The exam is the same for salespersons and brokers. A score of 75%, or at least 30 out of 40 questions correct is required to pass.
What are the agents responsibilities in this relationship?
An agent has a strict obligation to carry out the instructions of a principal. An agent is required to exercise their obligations and judgment in the best interests of the principal. An agent is normally unable to delegate its power to act on behalf of the principal to another party.
Who are the principles in a real estate transaction?
A principal is any person involved in a contract, such as a seller, buyer, principal broker, or an owner who has hired an agent as a property manager. A client is a party who has signed an agreement with an agent, and this agreement creates a fiduciary relationship.
What is a real estate agents role?
accepting and listing properties and businesses for sale and lease, conducting inspections, and advising buyers on the merits of properties and businesses and the terms of sale or lease. advising vendors of sales and marketing options such as sale by auction and open house inspections.
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.
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.
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.