In the case where a broker was found guilty of license law violations and the Recovery Fund was required to pay a judgment of $8,000 from the fund, what could the FREC do to the broker? The FREC must revoke the broker's license for being found guilty. The FREC must suspend the broker's license until the fund has been repaid. The FREC may issue a citation. The FREC must put the broker under probation.
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This could include revoking the broker's license, which means the broker would no longer be able to practice real estate in the state of Florida. Secondly, if the Recovery Fund was required to pay a judgment of $8,000 due to the broker's actions, the FREC could Show more…
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