NEWS
FREC reveals team regulations
Advertising among new rules to impact sales teams
The Florida Real Estate Commission has approved proposed
rules regulating real estate team advertising.
The rules will become official if they are approved by
the Joint Administrative Procedures Committee, which
oversees executive branch actions to ensure they have an
“adequate statutory basis” along with other requirements.
(As of press time, a timeline for JAPC approval was not
available.)
Questions? Call 407.438.1409 to reach the Florida REALTORS
® Legal Hotline, a free member assistance program.
RULE 61J2-10.026
TEAM OR GROUP ADVERTISING
(1) “Team or group advertising” shall mean a name
or logo used by one or more real estate licensees who
represent themselves to the public as a team or group. The
team or group must perform licensed activities under the
supervision of the same broker or brokerage.
(2) Each team or group shall file with the broker a
designated licensee to be responsible for ensuring that
the advertising is in compliance with Chapter 475, Florida
Statutes and 61J2 Florida Administrative Code.
(3) At least once monthly, the registered broker must
maintain a current written record of each team’s or group’s
members.
(4) Real estate team or group names may include the
word “team” or “group” as part of the name. Real estate
team or group names shall not include the following words:
(a) Agency, (b) Associates, (c) Brokerage, (d) Brokers, (e)
Company, (f) Corporation, (g) Corp., (h) Inc., (i) LLC, (j) LP,
LLP or Partnership, (k) Properties, (l) Property, (m) Real
Estate, (n) Realty, (o) or similar words suggesting the team
or group is a separate real estate brokerage or company
(5) This rule applies to all advertising.
(6) Advertisements containing the team or group name
shall not appear in larger print than the name or logo of the
registered brokerage. All advertising must be in a manner
in which reasonable persons would know they are dealing
with a team or group.
(7) All advertisements must comply with these requirements
no later than 12 months following the effective date
of this rule.
Nothing in this rule shall relieve the broker of their legal
obligations under Chapter 475, Florida Statutes and 61J2
Florida Administrative Code.
Code of Ethics Reminder
NAR now requires REALTOR® COE training every two years
Are you one of the 13,000+
ORRA members who need to
complete the REALTOR® Code
of Ethics training by the end of
2018? (NAR now requires a training
update every TWO years.)
To determine if you need
to complete training — or to
verify that your record accurately
reflects a COE course that
you have already taken — visit
orlandorealtors.org and log in
to your account. If you have not
completed Cycle FIVE COE since
January 1, 2017, then an update
is needed!
Upon login at orlandorealtors.
org, your name will appear.
You will see “COE COMPLETE: YES
or NO.” If the “COE COMPLETE”
category has a status of “YES,”
then you have met the requirement
and do not need to take
additional training. If your status
is “NO,” then you must complete
the requirement via the following
options:
• Online via NAR (no CE credit);
• Classroom at ORRA; or
• Online via ORRA.
Learn more and find links to
the available training options by
visiting orlandorealtors.org/BiennialEthics
or by contacting the
ORRA Professional Development
Department at education@orlandorealtors.
org or 407.513.7268.
REALTORS® who do not meet
the COE training requirement by
December 31, 2018 will have their
REALTOR® status suspended by
NAR mandate.
Appointees join 2018 ORRA BOD
Leadership always welcomes your questions, concerns
The 2018 ORRA Board of Directors has welcomed
Juliana Boselli Neves, Glasstone Group
Inc, and Lori Rivera, Lovera Realty LLC, who have
been appointed to fill director vacancies.
Visit orlandorealtors.org for a complete list
of ORRA’s officers and directors, along with their
contact information. Please feel free to reach out
to our leadership with any questions or concerns.
Neves
Rivera
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