Florida License Law
The Florida Real Estate Commission can award damages to an injured party from the Real Estate Recovery Fund. After paying a claim, FREC may:
AForgive the licensee and allow them to keep their license
BAutomatically revoke the licensee's license until the fund is reimbursed✓ Correct
CSue the licensee on behalf of the Recovery Fund to recover the amount paid
DDouble the amount of the claim as a penalty against the licensee
Explanation
When the Real Estate Recovery Fund pays a claim, the licensee's license is automatically revoked until they reimburse the fund in full plus interest. The licensee cannot be relicensed until full repayment is made.
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