29000980, 61J2-24.002 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 29000980

Notice of Proposed Rule

Department:

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION

Division:

Florida Real Estate Commission

Chapter:

DISCIPLINARY MATTERS

Overview

RULE:

61J2-24.002

Citation Authority

PURPOSE:

The Board proposes a rule amendment to update the violations for failure to indicate the name, address and telephone number of the title company on the contract and for failure to provide Seller’s broker, or Seller if not represented by a broker, within ten (10) business days of the date the Licensee’s broker made a written request for verification of the deposit with either a copy of the written verification, or if no verification is received by Licensee’s broker, written notice that Licensee’s broker did not receive verification of the deposit.

SUMMARY:

The proposed amendment updates violations and increases the fine amounts for failure to indicate the name, address and telephone number of the title company on the contract and for failure to provide Seller’s broker, or Seller if not represented by a broker, within ten (10) business days of the date the Licensee’s broker made a written request for verification of the deposit with either a copy of the written verification, or if no verification is received by Licensee’s broker, written notice that Licensee’s broker did not receive verification of the deposit.

RULEMAKING AUTHORITY:

455.224(1), (2), 475.05, 475.2801, FS.

LAW:

455.224, 475.2801, FS.

PRINT PUBLISH DATE:

11/21/2024 Vol. 50/228

COMMENTS:

From 11/21/2024 To 12/12/2024 (21 Days)

REFERENCE MATERIALS:

No reference(s).

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