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FREC Audit Checklist FLORIDA ASSOCIATION OF REAL TORS OFFICE INSPECTION K Office entrance sign. K Copies of all licenses broker brokerage branch offices. K Agency Disclosures. ESCROW/TRUST ACCOUNTS REVIEW K Monthly reconciliation statements minimum 6 months. K Bank statements and canceled checks minimum 6 months. K Checkbook deposit book and bank deposit receipts. K Ledger book and/or computer printout of sales and/or property management records liability lists. FILES K Pending sales contracts files. K Pending listing contracts files. K Voided contracts/offers with escrow funds presently being held K Earnest money deposit disputes K Property management files contracts agreements and leases FAC-1 Rev* 10/05 Florida Association of REALTORS All Rights Reserved. K Agency Disclosures. ESCROW/TRUST ACCOUNTS REVIEW K Monthly reconciliation statements minimum 6 months. K Bank statements and canceled checks minimum 6 months. K Checkbook deposit book and bank deposit receipts. K Bank statements ....

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Each broker shall preserve at least one legible copy of all books, accounts, and records pertaining to her or his real estate brokerage business for at least 5 years from the date of receipt of any money, fund, deposit, check, or draft entrusted to the broker or, in the event no funds are entrusted to the broker, for ...

An exception to the office's location is that it may be in a broker's home if local zoning permits it and if the broker displays a proper sign.

In Florida, a real estate broker who wishes to work for more than one entity can apply for multiple licenses. Multiple licenses give the broker the ability to hold the title of broker at numerous real estate agencies at the same time. The broker can also remain a sole proprietor of his agency.

Only real estate brokers can own and maintain a real estate office in Florida.

The Florida Division of Real Estate conducts an office inspection of brokers' offices to review files and office conditions to ensure brokers are following the rules.

Once you have a real estate license, you can pursue any of these career paths: Real Estate Agent or Realtor® The classic real estate license career, being a real estate agent in Florida requires a real estate license. ... Commercial Real Estate Agent. ... Managing Broker. ... Real estate investor.

If you are working from home, be sure that you meet any local requirements such as having a business license or insurance. Licensees must always follow Florida law and make sure that they are not practicing outside the scope of permitted activities for Florida real estate sales associates.

Office locations A broker must maintain an office, which shall consist of at least one enclosed room in a building of stationary construction. (Section 475.22 (1), Florida Statutes) So a broker's office cannot be in an RV or a houseboat.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232