Module 3
Module 3 contains an explanation of regulatory agencies governing real estate, including the function of the Department of Business and Professional Regulation (DBPR), the structure and powers of the Florida Real Estate Commission (FREC), the purpose of the Real Estate Education and Research Foundation, the role of the Division of Real Estate (DRE), and the different status of licenses.
When you finish reading this module you will be able to:
- Describe the function of the Department of Business and Professional Regulation (DBPR).
- Describe the composition, appointment, and member qualifications of the Florida Real Estate Commission (FREC).
- Identify the powers and duties of the FREC.
- Explain the purpose of the Real Estate Education and Research Foundation.
- Describe the role of the Division of Real Estate (DRE).
- Describe the differences between active and inactive status (voluntary and involuntary).
- Distinguish between void and ineffective licenses.
- Identify situations that cause a license to cease to be in force.
- Identify situations that cause a license to be canceled.
- Explain the purpose of multiple and group licenses.