State Laws Branch Offices True/False

Question 1

FREC may require that a broker open and registry branch office whenever FREC decides that the business conducted at a place other than the principal office is of such a nature that the public interest requires registration of a branch office.

Answer 1

True

Question 2

If the advertising of a broker who has a principal office, elsewhere leads the public to believe that an offices owned or operated by the broker. In question, it is NOT necessary to register it as a branch office.

Answer 2

False:
It must be registered as a branch office

Question 3

Broker is moving a branch office from the Citrus Building to the Palm Office building. Broker must register the new office & pay the appropriate fees.

Answer 3

True

Question 4

Sales Associate may work out of a home office maintained & registered in the name of her employer.

Answer 4

False:
Must register & work from employer’s office

Question 5

Broker’s branch office registration is expiring soon. Broker must register before expiration & every 2 years thereafter.

Answer 5

True

Question 6

Broker may change a branch office location, have the registration reissued without a fee, & operate at the new location for the rest of the license period.

Answer 6

False