BrokerNation Real Estate Inc. (“BNRE”); The Florida Real Estate Commission has received a Petition for Declaratory Statement filed on behalf of BrokerNation Real Estate Inc. (“BNRE”), on November 23, 2016. Petitioner seeks a declaratory statement to ...

 

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION

Florida Real Estate Commission

NOTICE IS HEREBY GIVEN that the Florida Real Estate Commission has received the petition for declaratory statement from BrokerNation Real Estate Inc. (“BNRE”) The petition seeks the agency’s opinion as to the applicability of Florida Statutes 475.25(1)(a) and 475.25(1)(h), as it applies to the petitioner.

The Florida Real Estate Commission has received a Petition for Declaratory Statement filed on behalf of BrokerNation Real Estate Inc. (“BNRE”), on November 23, 2016. Petitioner seeks a declaratory statement to determine if Florida Statutes 475.25(1)(a) and 475.25(1)(h) are violated by the Petitioner’s compensation of independent contractor recruiters based on a percentage of the Petitioner’s gross revenue, which is derived from monthly / yearly membership fees as well as administrative fees for closings and rentals paid by licensed brokers and sales associates with the Petitioner. Except for good cause shown, motions for leave to intervene must be filed within 21 days after publication of this notice.

A copy of the Petition for Declaratory Statement may be obtained by contacting: Lori Crawford, Executive Director, Florida Real Estate Commission, 400 West Robinson Street, N801, Orlando, FL 32801, [phone].