Charles G. Tessler, PEL Realty, LLC.; Petitioner petition, filed on July 22, 2019, ask the Commission the following questions: 1. Is Probate Executors, a related non-licensed entity, allowed to have an ownership interest in PEL, Realty, LLC, a ...

 

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION

Florida Real Estate Commission

NOTICE IS HEREBY GIVEN that Florida Real Estate Commission has received the petition for declaratory statement from Charles G. Tessler, PEL Realty, LLC. The petition seeks the agency's opinion as to the applicability of Rules 61J2-5.015; 61J2-5.016 and 61J2-5.017, F.A.C., as it applies to the petitioner.

Petitioner petition, filed on July 22, 2019, ask the Commission the following questions: 1. Is Probate Executors, a related non-licensed entity, allowed to have an ownership interest in PEL, Realty, LLC, a licensed brokerage entity? 2. Are non-licensed individuals able to manage, participate in valuations, or identify real estate opportunities for PEL Realty? 3. Is compensation paid for management and expense reimbursement from a brokerage account to which commission is deposited classified as commission? 4. Can Probate Executors receive distributions from the earnings of PEL Realty, LLC? Except for good cause shown, motions for leave to intervene must be filed within 21 days after the 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] or by email at [e-mail].