Historical perspective 2

Next, we have Statutory Law, which is the "written law" passed by the government. These are the formal statutes created by the Florida Legislature. Chapter 475 of the Florida Statutes is the main rulebook for real estate professionals. Statutory law is powerful because it generally overrules Common Law. For example, Common Law might imply that every agent is a fiduciary, but Florida Statutory Law specifically created the "Transaction Broker" role to allow for non-fiduciary relationships. When the written statute speaks, it overrides the old unwritten customs.Finally, we have Administrative Law, which consists of the detailed regulations created by government agencies. The Legislature is too busy to decide the tiny details—like exactly how large the font on your office sign must be—so they delegate that power to the Florida Real Estate Commission (FREC). The rules the FREC creates (like Chapter 61J2) are the practical, day-to-day instructions on how to follow the statutes. If Statutory Law tells you what to do, Administrative Law tells you exactly how to do it.