What can the neighbors do? The Orlando broker neglected his duties, resulting in a financial loss to the Miami licensee. A: According to Section 475.25, Florida Statutes, the maximum administrative fine that FREC may impose is $5,000 for each count or separate offense a licensee is found to be in violation of. :::STATE EXAM CONTENT AREA: VI.B.1: VIOLATIONS AND PENALTIES - GROUNDS FOR DENIAL::: Would have resulted in suspension or revocation if licensed, Request a formal hearing to protest within 21 days. CocoDoc can assist you with its powerful PDF toolset. Yes, because the broker's license ceases to be in force when the broker changes his address without notifying the FREC within 10 days. NSC: OSHA's Top 10 Most Cited Violations. During the Industrial Revolution, factories began to increase the use of machinery and to divide production into many separate, specialized tasks. (Florida Real Estate Commission (FREC) Rule 61J2-10.028(2) and 61J2-10.025) Mailings If an agent sends a mass mailing to all residents in a condominium complex, there is no need to include a disclaimer informing recipients who have already listed their property to ignore the advertisement. Justin cannot take any money for selling the property since this would be compensation and he would need a license to do this. It is not an ethical violation for a Realtor to send a general mailing addressed to, Hurricane Relief: Click here to access the Disaster Relief Fund, Photofy: Custom Social Media Infographics, Commercial Properties and the Americans with Disabilities Act, Florida Realtors Board Certified Professional. I love helping people find or sell real estate anywhere in the Venice Florida area. (c) To give new meaning to the law. renews as inactive every two years and satisfies the continuing education requirements prescribed by the Florida Real Estate Commission (FREC). Real Estate Broker") must appear immediately below the broker/s name/s, When advertising on the Internet, the brokerage firm name shall be placed adjacent to or immediately above the POINT of CONTACT information. Her millage rate is 45 and the home has been assessed at $225,000. b) Legitimate readability of sellers signature, d) Comparative market analysis(CMA) is not an appraisal report. If they wish to use a nickname in advertising, they should include it in quotation marks after their first name or first initial. Real estate team or group names shall not include the following words: (a) Agency (b) Associates (c) Brokerage (d) Brokers (e) Company (f) Corporation (g) Corp. (h) Inc. (i) LLC (j) LP, LLP or Partnership (k) Properties (l) Property (m) Real Estate (n) Realty (o) Or similar words suggesting the team or group is a separate real estate brokerage or company. Gather at the State Capitol during Great American Realtor Days and make a difference because when Realtors talk, legislators listen. //-->