FREC Flashcards
How many members are there in FREC?
7 members
What are the requirements for the 7 members of FREC, in terms of composition? (4)
- 4 must be real estate brokers who had active licenses during the five years prior
- One must be either a FL real estate broker or sales associate with an active license during the two years prior
- two consumer members who have never been real estate brokers or sales associates
- at least 1 of the 7 members must by 60 years or older
Who appoints the members of the FREC ? Who confirms them?
- Appointed by the governor
- Subject to confirmation by the Florida Senate
How long is a term for a FREC member?
4 years
How many consecutive terms can a FREC member serve?
not more than two consecutive terms
What are members of the FREC paid?
$50 per day when they have Commission business and meetings
Where are the monthly FREC meetings held?
At the DRE headquarters in Orlando, FL
How many members needed to conduct business?
quorum (majority) of 4 members
Who is the legal counsel for the FREC?
Office of the State Attorney General of the Department of Legal Affairs
What is the executive power of the FREC? (Overview + 3)
executive power to regulate and enforce license law includes
1) Foster the education of applicants and licensees
2) Adopt a seal
3) Establish fees
What are the quasi-legislative powers of the FREC? (Overview + 2)
- quasi-legislative power to enact and revise administrative rules
1) Create and adopt (promulgate) rules and bylaws
2) Regulate professional practices
What are the quasi-judicial powers of the FREC? (Overview + 3)
- power to grant or deny applications and administer penalties
1) Grant and deny applications for licensure
2) Suspend and revoke licenses, and impose administrative fines
3) Make determinations of violations
Can the FREC impose imprisonment as a punishment?
No
Does the FREC’s powers extend to criminal actions?
No, FREC’s powers are limited to administrative matters
Does the FREC need to inform the Division of Florida Condominiums, Timeshares, and Mobile Homes when it takes disciplinary action against any of its licensees?
Yes
