Florida Real Estate Brokers Must Register Trade Names with Commission

We all make mistakes, but if you’re a real estate broker in the State of Florida and fail to register your trade name with the Florida Real Estate Commission (FREC), your license could be revoked and you could face fines of up to $5,000 for each violation.

If you are a licensed real estate broker in Florida and have received an administrative complaint from the Department of Business and Professional Regulation (DBPR), you are probably concerned about how this may affect your license. To set up a FREE no-obligation consultation with attorney Jeff Howell or attorney Rickey Strong, contact the law firm of Howell, Buchan & Strong, Attorneys at Law at 850-877-7776. We represent licensed real estate brokers statewide, including out-of-state clients who are concerned about the status of their Florida license.

According to Section 475.42(1)(j), Florida Statutes:

A person may not operate as a broker under a trade name without causing the trade name to be noted in the records of the [Florida real estate] commission and placed on the person’s license, or so operate as a member of a partnership or as a corporation or as an officer or manager thereof, unless such partnership or corporation is the holder of a valid current registration.

In addition, according to Section 455.28, Florida Statutes, and Rule 61J2-24.001(3)(ee), Florida Administrative Code, you can face administrative fines of between $250 to $1,000 for each violation if you don’t have a prior disciplinary history, and fines in the amount of $1,000 to $5,000 for each violation, plus suspension or revocation of your license, if you do have a prior history. Your disciplinary history is a matter of public record which will be viewable by your clients.

However, these penalties are not set in stone. The Florida Real Estate Commission can take into account any number of aggravating or mitigating factors to increase or lesson the penalties set down in the rules. When you have an experienced real estate attorney fighting for you, you stand a much better chance of receiving the lowest possible penalty, and even of getting the complaint against you dismissed.

Contact the law firm of Howell, Buchan & Strong, Attorneys at Law at 850-877-7776 to set up your FREE no-obligation consultation with attorney Jeff Howell or attorney Rickey Strong today. DBPR has experienced attorneys on its side. So should you!