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bill to dismantle the Florida Real Estate Commission (FREC) is moving forward in the legislature, despite opposition from Realtors. House Bill 1461 aims to eliminate nearly all regulatory boards and commissions under the Department of Business and Professional Regulation (DBPR). The bill passed its second House committee on Tuesday.
The FREC regulates over 320,000 active real estate licensees in Florida, ensuring they comply with established standards. If abolished, it's unclear who within DBPR would take on these duties. FREC has seven members appointed by the Governor and confirmed by the Senate, including licensed brokers and individuals without a broker or sales associate background.
The commission handles disciplinary actions against licensed professionals and public meetings, while DBPR processes real estate license applications. The bill was introduced in late February by Rep. Taylor Michael Yarkosky, but an amendment filed on April 7 added the provision to eliminate FREC. Florida Realtors strongly opposes the legislation, citing the commission's expertise and experience.
"We're talking about the largest financial investment that families make," said Florida Realtors President Tim Weisheyer. "We understand the intent of the bill, but we believe real estate should be preserved." The bill will now go to a third committee before being brought to the entire House floor for a vote. If passed, it would take effect on July 1, 2025.
