14hour Florida Real Estate Continuing Education
Brokers or Sales Associates
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14 Hour CE - FREC
43 Lessons
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14hour Florida Real Estate Continuing Education
Brokers or Sales Associates
LICENSE LAW SUMMARY AND PURPOSE In the early 1900s, the Florida Legislature realized that the public needed protection when engaging in real estate transactions. Consequently, it enacted several regulations, laws, and rules to fulfill that purpose. Thus the underlying theme of all Florida real estate regulation became consumer protection. A central theme of consumer protection law and regulation is disclosure. Specifically, a Florida homeowner has a duty to disclose known defects. As indicated by the Florida statutes and the case of Johnson v. Davis, this ruling and subsequent rulings laid out that a seller must disclose defects if all four of the following elements are present:  the seller has knowledge of a defect in the property  the defect materially affects the value of the property  the defect is not readily observable and is not known to the buyer  the buyer establishes that the seller failed to disclose the defect With this change of regulation, sellers are now required to disclose defects in the property whether or not the buyer asks.
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