About This Chapter
Real Estate Regulation - Chapter Summary
Our instructors present key aspects of real estate regulation in this engaging chapter. These lessons cover the rules and regulations of the Florida Real Estate Commission (FREC) as well as how HUD regulates real estate. Additional topics include the impact of the Civil Rights Acts of 1866 and 1964 on real estate and the issues of fraud, misrepresentation and puffing in real estate. After completing this chapter, you should be ready to:
- Describe how the Fair Housing Act of 1968 impacted real estate
- Explain the purpose of the Florida Real Estate Recovery Fund
- Detail how real estate office requirements are enforced in Florida
It's easy to study any time that's convenient for you using our mobile-friendly and convenient learning tools. Each lesson is accompanied by a short quiz to test your understanding. If you need assistance as you work through the chapter, feel free to reach out our instructors for help.
1. Florida Real Estate Commission (FREC): Rules & Regulations
In this lesson, the reader will learn about the Florida Real Estate Commission (FREC) and the rules and regulations it enforces. Upon completion, the reader should have a firm grasp of what this state agency's functions are.
2. How HUD Regulates Real Estate
Federal law prohibits housing discrimination and supports affordable housing. In this lesson, you'll learn the role the U.S. Department of Housing and Urban Development plays in preventing discrimination and ensuring affordable housing.
3. The Impact of the Fair Housing Act of 1968 on Real Estate
Federal fair housing laws prohibit certain types of discrimination in the sale or rental of housing. In this lesson, you'll learn about the Fair Housing Act of 1968 and its amendments and exemptions.
4. How the Civil Rights Acts of 1866 & 1964 Impacted Real Estate
Participants in real estate sales and leasing transactions need to be aware of the impact of federal law on these deals. In this lesson, you'll learn about how the Civil Rights Acts of 1866 and 1964 may affect these transactions.
5. Fraud, Puffing & Misrepresentation in Real Estate
Real estate fraud is an unfortunate reality. In this lesson, you'll learn about the different types of fraud perpetrated by licensed salespersons and brokers in real estate sales transactions. We'll also distinguish puffing from fraud.
6. Florida Real Estate Recovery Fund: Definition & Purpose
Every state has laws to protect the public from unscrupulous real estate professionals. However, sometimes a few bad agents fall through the cracks and cause their clients to lose money. In this lesson, you will learn how the Florida real estate recovery fund acts as a backup when someone loses money because of the actions of a real estate professional.
7. Enforcement of Real Estate Office Requirements in Florida
Learn how the Florida Division of Real Estate reviews office conditions and records when conducting inspections. Discover the types of information that the auditor reviews during office inspections.
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