|
(1) Any real estate licensee who
receives, or makes any arrangement or agreement to
receive, directly or indirectly, any kickback or rebate,
for the placement of, or favor in, any business
transaction which forms a part of, or is incident to, any
transaction(s) negotiated or handled by said licensee, is
a violation of Section 475.25(1)(b) or (d), Florida
Statutes, or both of said subsections of the Florida
Statutes, unless prior to the time of the placement of, or
favor in, said business transaction, the licensee shall
have fully advised the principal if any and all affected
parties in the transaction(s), which the licensee is
handling, of all facts pertaining to the arrangement of
kickbacks or rebates.
(2) The sharing of brokerage
compensation by a licensee with a party to the real estate
transaction with full disclosure to all interested parties
is not considered a violation of Chapter 475, Part I,
Florida Statutes. |