Questions 16-30 Flashcards
The Florida real estate commission was first created in what year?
1925
A sales associate failed to complete the required post license education prior to the renewal deadline. What is the status of the sales associates license?
Void
Which statement correctly applies to in actively licensed attorney, who is a member in good standing with the Florida bar
The attorney is exempt from biennial 14-hour continuing education requirements to maintain a real estate license
What is a broker associate?
A broker who is employed as a sale associate
Which statement is correct concerning an applicant who is real estate application, was denied by department of business and professional regulation
The applicant must be notified in writing of the reason for the denial and advise of the right to request a formal hearing.
A license sale associate wishes to work for a broker a during the week, and works in a different town with broker be on the weekend. Which statement best describes the situation.
This is a violation of FS 475
An active Florida license he describes to move to North Carolina, but wishes to keep her Florida license, active and continue to practice real estate in Florida. Which of the following best describes the situation
The licensee must notify the department of her change of address, and continue to comply with all Florida regulations
Which of the following statements is correct, regarding a brokers authority to act on behalf of the principal
A broker can’t refuse offers on behalf of the principal
Broker, Tom sold the property which was listed with broker Alice. Tom was unable to attend the closing, so Alice collected the entire commission. I was refused to pay Tom his share of the commission. What could always be charged with
Failure to account
A real estate licensee who is working with a seller received a call from another broker, stating that I am representing a buyer as the buyers broker. I’m standing in front of one of your list of properties with my buyer. What can the licensee infer from this conversation
The agent who is Calling is in a single agency relationship
Which brokerage relationship status include a full fiduciary relationship
Single agency
Six individuals decide to form a real estate brokerage partnership. All six individuals are planning to be active in real estate sales. Which statement best applies.
The partnership must be registered with the commission, and all six partners must be active real estate brokers
All of the following business formations can register to conduct real estate transactions, except:
Corporation for profit
A real estate brokerage firm advertises a listed property. Which requirement is correct
The name of the brokerage must be included in the ad
A buyer dropped off in escrow check on Tuesday. To void any trouble from FREC, the broker must deposit the check by close of business day on which day.
Friday
