UNIT 2- REAL ESTATE LICENSE AND
QUALIFICATIONS FOR LICENSURE
(CONTENT)
1923(license law) - Answers✔Florida Legislature passed the Real Estate License Law, chapter
475 of the Florida Statutes.
1925 (FREC) - Answers✔Florida Real Estate Commission (FREC/ the commission) to
administer and enforce the license law. The Commission has the authority to keep records and
conduct investigations, as well as the power to grant, deny, suspend, and revoke licenses, and
discipline licensees.
Division of Real Estate (DRE) - Answers✔provides support services to the Commission. The
DRE is under the Department of Business and Professional Regulation (DBPR).
CHAPTER 20 F.S. - Answers✔The executive branch of Florida's government executes the
programs and policies adopted by the Legislature including the Department of Business and
Professional Regulation (DBPR)
CHAPTER 475 is divided in four parts. - Answers✔This law is called the Real Estate
Professional Practice. The Law was created to establish the legal rights and responsibilities of the
real estate licensees and real estate appraisers.
PART I (chapter 475) - Answers✔Real Estate Brokerage.
Real estate licensees are responsible for knowing the provisions of this chapter. FREC
implements, interprets, and enforces the regulatory provisions of Chapter 475.
PART II(chapter 475) - Answers✔Pertains to real estate appraisers and sets forth the
requirements for licensed and certified appraisers according to federal statute. (FREAB).
The Florida Real Estate Appraisal Board (FREAB) - Answers✔regulates state-certified, licensed,
and registered trainee appraisers.
The FREAB functions very similarly to the Florida Real Estate Commission (FREC). Both
quasi-judicial bodies follow the same procedures for disciplining licensees.
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