The issues are whether the respondents violated Subsection 494.004(1), Florida Statutes (2001),1 by failing to file a written report with Petitioner that Bill Negron’s (Mr. Negron) real estate license had been permanently revoked for fraud and dishonest dealing, and, if so, what penalties, if any, should be imposed against the mortgage broker licenses of Mr. Negron and First American Mortgage & Financial Center, Inc. (First American).Mortgage broker who failed to report permanent revocation of real estate license to the Office of Financial Regulation should have mortgage broker's license permanently revoked, but the proposed fine of $10,000 should not be imposed.
