The Department of Financial Services (DFS), Office of Insurance Regulation, recently published an article to remind real estate professionals of the laws governing title insurance companies. The giving of an inducement, or a thing of value, in return for the referral of title insurance business is a violation of Florida statutes. Florida Administrative Code, states “any …
If you sell or lease commercial real estate, Florida law changes effective October 1, 2005, may help you collect your commissions. The law allows brokers to file liens to protect their sales commissions, and may benefit brokers who either sell or lease nonresidential property. Before this change, a broker could file a lien against real …
Commercial Brokers Can Force Commission Payments through Lien Act Read More »
The Florida Real Estate Commission is charged with protecting Florida consumers from unscrupulous licensees, and takes its duties very seriously. DBPR Press Secretary Kristen A. Ploska reports that during the 12 months ending April 30, 2005, DBPR issued 84 citations to brokers and sales associates. The DBPR collected fines from 287 licensees during the period. …
