Agency
A Florida REALTOR® member is bound by the NAR Code of Ethics in addition to Florida license law. The Code of Ethics is enforced by:
AFREC and DBPR
BNAR and local REALTOR® associations through peer review processes✓ Correct
CFlorida courts
DThe U.S. Department of Housing and Urban Development
Explanation
The NAR Code of Ethics is enforced by NAR and its affiliated local REALTOR® associations through their professional standards/ethics committees and hearing panels — a peer review process. This is separate from FREC discipline, which enforces state law. A REALTOR® can face both NAR ethics complaints and FREC disciplinary action for the same conduct, as they are independent processes.
Related Florida Agency Questions
- Which Florida doctrine prevents a party from later denying a fact they previously represented as true if the other party relied on that representation?
- A Florida buyer's agent who also represents the seller of the same property (with both parties' consent and in a non-residential transaction) is exercising:
- A Florida real estate licensee represents a buyer in a transaction. The licensee discovers that the seller failed to disclose known water intrusion damage that was patched and painted over. The licensee should:
- In Florida, when must a licensee disclose their agency status to a customer (not client)?
- In Florida, an ostensible agency (also called 'apparent agency') can be created when:
- A Florida listing broker's fiduciary duty of 'loyalty' means the broker must:
- A Florida buyer's agent signs a 'buyer representation agreement' with a buyer. This agreement creates:
- A Florida buyer's agent receives a referral fee from a home inspection company they recommend. To comply with RESPA and fiduciary duties, the agent must:
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