To clarify the Division’s lack of jurisdiction over escrow funds placed with a title company or attorney and not held by a licensed real estate broker.

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION
Florida Real Estate Commission

RULE NO: RULE TITLE
61J2-14.008: Definitions
PURPOSE AND EFFECT: To clarify the Division’s lack of jurisdiction over escrow funds placed with a title company or attorney and not held by a licensed real estate broker.
SUBJECT AREA TO BE ADDRESSED: Escrow funds held by a title company or attorney.
SPECIFIC AUTHORITY: 475.05, 475.25(1)(k) FS.
LAW IMPLEMENTED: 475.25(1)(k) FS.
A RULE DEVELOPMENT WORKSHOP WILL BE HELD AT THE DATE, TIME AND PLACE SHOWN BELOW:
DATE AND TIME: May 15, 2007, 8:30 a.m., or as soon thereafter as possible
PLACE: Stetson University College of Law, “Great Hall”, 1401 61st Street South, Gulfport, Florida 33707
THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE DEVELOPMENT AND A COPY OF THE PRELIMINARY DRAFT, IF AVAILABLE, IS: Lori Crawford, Deputy Clerk, Division of Real Estate, 400 West Robinson Street, Hurston Building, North Tower, Suite 801, Orlando, Florida 32801
THE PRELIMINARY TEXT OF THE PROPOSED RULE DEVELOPMENT WILL BE AVAILABLE SEVEN DAYS PRIOR TO THE MEETING.