Florida Actual Property

Florida Actual Property

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475.23 License to expire on change of tackle.—A license shall cease to be in drive whenever a dealer changes her or his business address, an actual property school working underneath a allow issued pursuant to s. 475.451 changes its business deal with, or a sales affiliate working for a dealer or an teacher working for a real estate school adjustments employer.

475.15 Registration and licensing of basic partners, members, officers, and directors of a firm.—Every partnership, restricted liability partnership, restricted liability company, or company which acts as a broker shall register with the commission and shall renew the licenses or registrations of its members, officers, and administrators for every license period.

(k) Has failed, if a dealer, to immediately place, upon receipt, any money, fund, deposit, examine, or draft entrusted to her or him by any particular person coping with her or him as a broker in escrow with a title company, banking establishment, credit score union, or financial savings and mortgage affiliation situated and doing enterprise in this state, or to deposit such funds in a belief or escrow account maintained by him or her with some financial institution, credit union, or savings and loan affiliation situated and doing business in this state, whereby the funds shall be stored till disbursement thereof is properly approved; or has failed, if a gross sales associate, to instantly place along with her or his registered employer any money, fund, deposit, test, or draft entrusted to her or him by any particular person coping with him or her as agent of the registered employer.

(b) Has been responsible of fraud, misrepresentation, concealment, false guarantees, false pretenses, dishonest dealing by trick, scheme, or gadget, culpable negligence, or breach of trust in any business transaction on this state or any other state, nation, or territory; has violated an obligation imposed upon him or her by legislation or by the phrases of an inventory contract, written, oral, express, or implied, in an actual property transaction; has aided, assisted, or conspired with another particular person engaged in any such misconduct and in furtherance thereof; or has fashioned an intent, design, or scheme to have interaction in any such misconduct and committed an overt act in furtherance of such intent, design, or scheme.