Understanding Florida Real Estate Law
What you need to know about operating a brokerage in Florida.
The Qualifying Broker Requirement
Florida Statutes Chapter 475 requires every real estate brokerage to have a qualifying broker (also called designated broker or broker of record). This is the licensed individual responsible on paper for the brokerage's activities. Without one, you cannot legally operate.
Key DBPR Forms
RE 7
Real Estate Company Application. Filed to register a new brokerage company with DBPR. This is what we file for you.
RE 13
Broker Transaction Form. Used for broker changes on existing companies, including adding or removing a qualifying broker.
Your Responsibilities as a Brokerage Owner
Even though we hold the broker license, you are responsible for:
- Complying with Chapter 475, Florida Statutes
- Following all FREC rules and regulations
- Supervising any agents you hire
- Proper handling of escrow through third-party providers
- Maintaining your license and E&O insurance
- Reporting any regulatory issues
Escrow Rules
Per our agreement, you may NOT hold escrow or trust funds under our license.
All escrow must go through:
- A licensed Florida title company
- A Florida attorney
- A licensed escrow company