Final answer:
A broker must report conflicting demands for escrow funds to the FREC within 15 days as a regulatory safeguard.
Step-by-step explanation:
When a broker receives conflicting demands for funds held in escrow, the broker must report such conflict to the Florida Real Estate Commission (FREC) within 15 days. This requirement is in place to ensure proper handling of escrow funds and to seek guidance from the FREC on how to resolve the conflict. It is a part of the regulations set forth to protect all parties involved in a real estate transaction.