The State of Florida does all it can to make sure professional and business activities are carried out in line with Florida law and other required standards. The Department of Business and Professional Regulation (DBPR) is the agency which has overall responsibility for licensing and regulating these activities. Within DBPR, real estate businesses and activities are regulated by the Florida Real Estate Commission, known as FREC.
What is the Commission’s Purpose?
To put it simply, FREC’s role is to protect the public. When a person or a company, for example, rents, buys, sells or exchanges a piece of real estate, including time-share property, they can rest assured that the licensee(s) working with or for them will meet the appropriate standards of practice as set out. FREC, to summarize, achieves this by:
- Requiring licensees to follow approved training courses and/or pass associated exams
- Regulating what licensees do, and how they do it.
Who Regulates the Commission?
FREC’s activities and membership are governed by Florida Statute 475. The Governor appoints the members, and the State Senate confirms them. The Statute sets out their purpose, role and standards.
Who is on the Commission?
There are seven members appointed for four-year terms. Four must be brokers who have held active licenses for at least five years before they can be appointed. One of them must be either an active broker or an active licensee with at least two years’ experience. The remaining two must be Florida residents who have never held a real estate license, and one of those must be at least 60 years old.
The current Chair is Claude Boring III. His term will end on October 31, 2017 and the Vice-Chair is Thomas Luzier. He is a non-licensee, and his term will end on October 31, 2018.
How Does the Commission Work?
FREC administers and enforces Florida Real Estate License Law which is covered by Florida Statute 475 Part I. The commission may, at its own discretion, make rules that enable it to carry out its duties under the Statute. Florida Administrative Code Chapter 61j2 (Sections 1-26) shows the Commission’s rules if you would like to read them in detail. Each rule is sectioned, and they cover, for example:
- Definitions and interpretations.
- Real estate examination rules and requirements.
- Brokers, corporations, partnerships, etc, and their offices’ organization and operations.
- How the public’s funds must be handled and accounted for, including deposits and escrow funds.
- Disciplinary Matters.
- The Real Estate Recovery Fund.
- Real Estate Schools administrative procedures and regulations.
The members meet on the third Tuesday and Wednesday of each month. They meet at the Division of Real Estate’s offices at 400 W. Robinson St. Suite N801, Orlando. You are at liberty to attend the meetings if you would like to see the commission members in action.
You can see the meeting dates here. You may also download the printed materials for each meeting. The public is invited, not only to attend but to submit comments on the matters it, or one of its committees will be dealing with at the meeting. If you want to do that, you should email your comment to: firstname.lastname@example.org.
As well as learning a great deal about the commission, if you attend the Wednesday meeting when they hear the legal docket, you will earn continuing ed credit. You must register with the Division of Real Estate Education Section, beforehand, so you get the credit and remember that sign-in begins at 8.00 a.m. for the 8.30 start.
Where Can I See the Commission’s Licensure Rules?
Whether you are thinking about getting your license for the first time, or because you want to get your own Broker’s license, or even become an instructor, it is good to know the basics set out by FREC. These three links list the licensure rules for Real Estate Associates, for Brokers, and for Real Estate School Instructors. To get your license, FREC requires that you take approved courses and pass the appropriate exam. So if you would like to learn more, please contact us by clicking this link.