Florida Real Estate Commission (FREC) Compliance: Florida real estate agents and brokers must ensure their practices align not only with the NAR settlement but also with state laws overseen by the Florida Real Estate Commission (FREC). Agents should work closely with legal professionals to stay compliant with both federal and state regulations.
State-Specific Rules: While the NAR settlement provides broad guidelines, the application may vary slightly in Florida due to specific state real estate laws. Real estate professionals will need to ensure that their commission disclosure and negotiation practices are aligned with both the settlement terms and Florida statutes.