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Florida · State License Law — free study notes for the real estate licensing exam.
🏛️ State License Law 📍 FloridaReal estate licensing in Florida is enforced by the Florida Real Estate Commission (FREC) under the Department of Business and Professional Regulation (DBPR), acting on the authority of Chapter 475, Florida Statutes. When a licensee violates the law, FREC may impose discipline ranging from a citation or administrative fine to reprimand, probation, suspension, or revocation of the license. To protect consumers, Florida maintains the Real Estate Recovery Fund, which can reimburse a person who obtains an unsatisfied civil judgment against a licensee for acts arising from a real estate transaction. Once the fund pays on a claim, the responsible licensee's license is automatically suspended until the amount paid plus interest is repaid.
Yes. State License Law is a scored domain on the Florida real estate licensing exam, and this topic appears in the state license-law portion.
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Florida applies its own license law on top of the national portion. This page covers the Florida rules specifically, which is what the state section of your exam tests.