Question

The FREC is investigating a claim by a buyer that the broker had not given the proper disclosure to the buyer before the buyer purchased a home. The broker has paperwork dating back three years from the date of the signing of the document in question, and one year after the legal action of the case. Is the broker protected?

Answer 1

Answer:

No

Explanation:

The Florida Real Estate Commission was constituted in 1926. Members are appointed by the Governor.

The aim of FREC is to protect ye public from bad practices by brokers. They have the authority to impose disciplinary action on lisensees.

According to requirement of the FREC the broker is required to keep records of transactions 5 years after the transaction occurred and 2 years after any legal action.

In this case the broker kept his records 3 years after the transaction and 1 year after legal action.

So he is not protected from disciplinary action by the FREC