What action constitutes a ground for disciplinary action?
Each of the following acts constitutes a ground for which the disciplinary actions under F. S. 494.00255 apply: a) Escrow – Failure to immediately place upon a receipt, and maintain until authorized to disburse, any money entrusted to the licensee as a licensee in a bank account b) Retain Property – Failure to account or deliver to any person any property that is not the licensees, or that the licensee is not entitled to retain, under the circumstances and at the time that has been agreed upon or as required by law or, in the absence of a fixed time, upon demand of the person entitled to such accounting and delivery c) Retain Funds – Failure to disburse funds in accordance with agreements d) Property Misuse- The misuse, misapplication or misappropriation of personal property entrusted to the licensees care to which the licensee had no current property right at the time of entrustment e) Mortgage Fraud – Fraud, misrepresentation, deceit, negligence or incompetence in any mortgage financ
