Florida License Law
A Florida real estate licensee who also holds a mortgage broker license wishes to earn fees on both the real estate commission and the loan origination. This dual compensation:
AIs always prohibited
BIs permitted if disclosed to all parties in writing✓ Correct
CIs regulated by FREC and requires prior approval
DViolates RESPA and Florida law in all circumstances
Explanation
A licensee may hold multiple professional licenses (real estate and mortgage broker). Earning fees in both capacities is permissible if: (1) all parties are fully informed and consent in writing, and (2) the dual compensation is disclosed.
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