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Gov. Scott’s budget boosts Fla. Div. of Real Estate


TALLAHASSEE, Fla. – Jan. 30, 2014 – Governor Rock Scott submitted his fiscal year 2014-2015 budget yesterday. In addition to proposing a $100 million reduction in the state’s sales tax on commercial leases, the budget also included money to expand the Florida Division of Real Estate’s oversight of license infractions.

Under the budget that the Florida Legislature will consider as they create a spending plan for the next fiscal year, Scott included $106,676 in additional funding for the Division of Real Estate, which falls under the Florida Department of Professional Regulation (DBPR).

A release from Scott says the money is to “accomplish the difficult task of identifying violations of the real estate practice.” Florida has more than 300,000 licensed real estate sales associates and more than 10,000 licensed real estate appraisers.

The money, if approved by the Florida Legislature, would add two OPS staff (“Other Personal Services” – a temporary employee for short term or intermittent tasks) and additional funding to obtain subject matter expertise.

© 2014 Florida Realtors®

Related Topics: Florida Legislature