Chapter 6 Flashcards
What type of misdemeanor is dissenting false or misleading advertising
Second degree misdemeanor
What type of violation is acting as a broker or sales associate without being the holder of a valid and current active lisence
Third degree felony
What is the penalty for acting as a broker without having active lisence
5 years in prison AND OR 5,000 fine
What is concealment
When broker fails to disclose information that is material to buyers decision
What is conversion
When a broker uses funds or other property that belongs to another for their personal or personal business use
What is culpable negligence
Reckless behavior
For example: forgetting to collect escrow deposit
What is misrepresentation
Missstatement or omission of facts
Is rendering an opinion of title a fraudulent activity
Yes
Can a realtor or broker have a lottery to sell a house
No only a developer
What is a person hit with a complaint called
Responder
What is person filling complaint called
Complainant
What is a legally sufficient complaint
One that alleges a violation of law or rule
When can the administrative law judge issue subpoenas for witnesses and compel attendance of a witness
During a formal or informal hearing
What can you do if as a licensee you do not agree with a final order of the commission
How many days do they have?
Florida district court of appeals the overrule FREC
30 days
Can a realtor be eligible to collect form real estate recovery fund
Yes if they acted in capacity of buyer or seller ONLY
