HISTORICAL PERSPECTIVE OF FLORIDA REAL ESTATE LICENSE LAW
The Intent of real estate regulation is to protect the health, safety, and welfare of the public. The law has evolved to protect the buyer with disclosure of material defects.
Prior to the latter part of the 19th century, the real estate business was unorganized and extremely competitive. The policy of caveat emptor, a Latin term meaning “Let the Buyer Beware” prevailed and in 1923, the Florida Legislature passed the Real Estate License Law in Chapter 475 of the Florida Statutes.
In 1925, the Florida Legislature created the Florida Real Estate Commission, also referred to as the Commission or as the FREC. The Legislature granted the Commission authority to keep records, conduct investigations, and the power to grant, deny, suspend, and revoke licenses.
- A License is a privilege granted by the state to operateas a real estate broker, broker associate, or sales associate
Today the Division of Real Estate (DRE) provides support services to the Commission. The DRE is under the Department of Business and Professional Regulation (DBPR)
The Intent of real estate regulation is to protect the health, safety, and welfare of the public.
The law has evolved to protect the buyer with disclosure of material defects.
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For infomation on Rowlett Real Estate School and our classes in Panama City, Fort Walton, Pensacola and Destin, visit our website at www.rowlettrealestateschool.com . Or give Captain Wayne a call at 850-547-1333Rowlett Real Estate School is a full service Florida Real Estate School offering classroom training in Panama Ctiy Beach Florida and Destin Florida, Fort Walton Beach and Pensacola. We offer a full line up of courses online and in classroom for all your Sales Associate and Broker real estate license requirements.
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