Florida License Law
The Florida Real Estate Commission is empowered to do all of the following EXCEPT:
ADiscipline licensees for violations of Chapter 475 F.S.
BEstablish pre-license education requirements
CSet the commission rates that brokers may charge✓ Correct
DApprove real estate schools and courses
Explanation
FREC does NOT have the power to set or regulate commission rates charged by brokers. Commission rates in Florida are negotiable between brokers and their clients.
Related Florida Florida License Law Questions
- Under Florida law, how many members serve on the Florida Real Estate Commission (FREC)?
- An unlicensed person negotiates a real estate transaction in Florida for compensation. Under Chapter 475 F.S., this person is:
- FREC has the authority to impose an administrative fine of up to how much per violation under Chapter 475 F.S.?
- Under FREC rules, a Florida broker may share earned commissions with:
- What is the license status called when a Florida licensee is not currently working under a broker but their license is active with DBPR?
- The Florida Real Estate Recovery Fund is designed to:
- A Florida licensee who wishes to use a trade name for their brokerage must:
- Under Florida law, which entity has jurisdiction over real estate licensee conduct and may impose discipline?
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