1923. What government entity was created for the purpose of administering and enforcing real estate license law? The Florida Real Estate Commission (FREC). You just studied 35 terms!
What government entity was created for the purpose of administering and enforcing real estate?
The California Department of Real Estate (DRE) is a California state agency focused on safeguarding and promoting the public interest in real estate matters through licensure, regulation, education, and enforcement.
Why was the Florida real estate Commission created?
The Florida Real Estate Commission (FREC) was created to protect the public through education and regulation of real estate licensees. The Commission consists of seven members appointed by the Governor, subject to confirmation by the Senate.
Who administers and enforces the real estate license law in Arkansas?
The Arkansas Real Estate Commission must be notified in writing within 30 days of the violation of the commission regulations. Arkansas Real Estate Commission. The answer is Arkansas Real Estate Commission. The Arkansas Real Estate Commission administers the real estate license law.
What is the primary purpose of real estate law?
Real estate law is the area of law that governs buying, using and selling land. It’s the law that governs how people acquire property and what they can do with the property that they own.
Who is California’s realtor commissioner?
Real Estate Commissioner
Doug McCauley was appointed Commissioner of the California Department of Real Estate (DRE) by Governor Gavin Newsom on April 2, 2020 and assumed office on May 6, 2020.
What does Dre mean in real estate?
The regulation of licenses is an important function of the California Department of Real Estate. The DRE was established in 1917 with the formation of the first-ever Real Estate Law in the country.
Who regulates real estate in Florida?
The Florida Real Estate Commission (FREC) administers and enforces the real estate license law and is a division of the Florida Department of Business and Professional Regulation.
Who makes up the Florida real estate Commission?
One member must be a licensed real estate broker or salesperson with an active license for at least two years leading up to the appointment to the commission. Two members must be “consumer members” (people who have never been real estate brokers or real estate salespeople).
When was the Florida real estate Commission formed?
The Florida Real Estate Commission (FREC) was created back in 1925 by the Florida Legislature, under Chapter 475. The FREC has seven members and meets every month. The FREC applies and enforces the real estate license law, Chapter 475, Part I, under the Florida Statutes.
Who or what entity funds the Arkansas real estate Recovery Fund?
Arkansas’s Real Estate Recovery Fund is administered by the Arkansas Real Estate Commission. The fund’s primary purpose is repaying members of the public money that they lost due to real estate agents not acting on the up and up.
Which entity administers and enforces laws regarding licensed real estate activities in Tennessee?
-The Tennessee Real Estate Broker License Act is the law; –the Tennessee Real Estate Commission is the enforcement.
What is the overall purpose of the Arkansas real estate License Act?
Mission Statement and Core Purpose
The mission of the Arkansas Real Estate Commission is to protect the public interest, through the examination, licensing, and regulation of real estate brokers and salespersons, and through administration of the Arkansas Time-Share Law.
Who enforces Trela?
The Texas Real Estate License Act is the legislation that governs the licensing of Texas real estate license holders. The Texas Real Estate Commission (TREC), on the other hand, enforces the provisions of TRELA.
What is involved in commercial law?
What Is Commercial Law? Commercial law involves legal problems that can occur in the running of businesses and commercial transactions. Its predominant concerns are contract and tort law. Clients that come to commercial law firms include large businesses, governments, banks, insurance companies and more.
What is the Holden act?
The Act governs the provision of loans to purchase, construct, rehabilitate or refinance one-to-four-unit residences occupied by the owner and to make home improvements to any one- to four-unit family residence. … Lenders had to identify and itemize by census tract loan transactions within only those 37 counties.