Florida Broker Practice Exam

What is the power of the FREC to enact administrative rules considered?

1. Executive

2. Legislative

3. Quasi-judicial

4. Quasi-legislative

The correct answer is: Quasi-legislative

The power of the Florida Real Estate Commission (FREC) to enact administrative rules is classified as quasi-legislative. This designation is important because it allows FREC to create rules and regulations that govern the real estate profession in Florida, effectively filling in the gaps of the broader legislative framework set by the state legislature. Quasi-legislative power enables the commission to interpret laws and develop specific guidelines that real estate professionals must follow. This is essential for ensuring fair practices and promoting professionalism in the industry. The commission can implement rules that address various aspects of real estate practice, licensing, and ethical behavior. This authority distinguishes their role from purely executive powers, which involve the enforcement of existing laws, and quasi-judicial powers, which pertain to the adjudication of disputes or disciplinary actions. By exercising quasi-legislative authority, FREC actively shapes the regulatory environment in which real estate transactions occur, ensuring that it remains relevant and effective in addressing the dynamic nature of the industry.