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FREC to drop license renewal fees by 20 percent

Tuesday, May 6, 2014  
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Starting July 1, many real estate license renewals through the Florida Real Estate Commission will cost 20 percent less, benefitting REALTORS® who must renew in the third quarter. It's not a fee holiday – it's a permanent reduction.

FREC member and Orlando REALTOR® Dick Fryer says the commission voted to lower the fees earlier this year "primarily because we keep building up a surplus of funds that the Florida Legislature" doesn't allow FREC to spend. Fryer says fees first went up years ago for a short-term reason and were "never rolled back."

In the past, FREC has scheduled short-term fee holidays that saved licensees money when they went to renew. "But this is a permanent fee reduction," Fryer adds. "Licensees don't need to pay as much as they've been paying."

Biennial license fees that go down on July 1:
Broker: $72 (down from $90)
Sales Associate: $64.00 (down from $80)
Branch office for Broker: $64.00 (down from $80)

Biennial permit fees effective July 1:
School Permitholder: $104 (down from $130)
Additional Location for Permitholder: $45
School Instructor: $64.00 (down from $80)

Initial application for registration of a corporation, partnership, limited liability company or limited liability partnership effective July 1:
Corporation, partnership, limited liability company or limited liability partnership: $72 (down from $90)
Branch office for a corporation, partnership, limited liability company or limited liability partnership: $64.00 (down from $80)

The biennial renewal of a corporation, partnership, limited liability company or limited liability partnership registration fee effective July 1:
Corporation, partnership, limited liability company or limited liability partnership: $72 (down from $90)
Branch office for a corporation, partnership, limited liability company or limited liability partnership: $64.00 (down from $80)

Source: Florida REALTORS®


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