What action must a broker take within 10 business days if a dispute is settled or goes to court before a requested EDO is issued?

• A. Notify the Department within 30 days.
• B. Wait until the EDO is issued.
• C. Notify FREC within 10 business days of the event.
• D. Notify the seller.

Answer: (C)

Prompt reporting of escrow disputes to the regulator is required when a dispute is settled or goes to court before an Escrow Disbursement Order is issued. The broker must notify the Florida Real Estate Commission within 10 business days of the event. This keeps the regulator informed so funds are protected and the commission can oversee how the dispute is resolved, guiding any further actions if needed. The responsibility isn’t to alert a department within 30 days, and waiting for the EDO to be issued would delay necessary oversight. Notifying the seller isn’t the regulatory requirement either; the purpose is to inform the governing body about the dispute and its disposition.