A bill moving through Florida's legislature aims to eliminate many boards under the Department of Business and Professional Regulation, creating uncertainty about regulation and oversight. Tim Weisheyer, president of Florida Realtors, highlighted the risks of this plan, arguing that the Florida Real Estate Commission, which oversees nearly 400,000 professionals, is essential for maintaining ethical standards in real estate, a sector contributing $394 billion to Florida’s economy. Critics argue that the bill lacks clarity on regulatory responsibilities post-abolition, prompting concerns over future management of disciplinary actions.
Tim Weisheyer, the president of Florida Realtors, appeared before lawmakers in Tallahassee to voice the industry's opposition.
Real estate activity accounts for roughly $394 billion (or 24%) of the state's overall economy, according to Florida Realtors.
Critics say the bill fails to specify how DBPR would manage the disciplinary and regulatory duties currently handled by FREC.
We understand the intent of the bill and what the state is trying to do with deregulation, but we do truly believe that real estate is one of those that should be preserved.
Collection
[
|
...
]