How many business days does a broker have to provide notification to FREC regarding an escrow dispute?

The correct answer indicates that a broker has 15 business days to notify the Florida Real Estate Commission (FREC) in the case of an escrow dispute. This timeframe is critical to ensure that all parties involved are kept informed and that the escrow funds are handled appropriately according to the governing laws and regulations.

This requirement ensures that the broker acts promptly and responsibly, maintaining a level of accountability and transparency in real estate transactions. The 15-day notification period allows sufficient time for the broker to assess the situation surrounding the dispute and communicate necessary details to FREC, ensuring regulatory compliance and consumer protection. Understanding this timeframe is essential for real estate professionals to effectively manage disputes and maintain good standing within the industry.