State Laws Brokerage Registration True/False

Question 1

The Florida Fictitious name actually allows ABC ventures, LLC to do business as Sunshine Realty of Florida by registering the name with the DBPR.

Answer 1

True

Question 2

ABC ventures, LLC doing business as Sunshine Realty of Florida is a member-managed limited liability company. All members must be active brokers.

Answer 2

False:
1 member must be an active broker

Question 3

If ABC Ventures, LLC doing business as Sunshine Realty of Florida is member-managed, a sales associate cannot be a member.

Answer 3

True

Question 4

If ABC Ventures, LLC doing business as Sunshine Realty of Florida a limited liability company is manager-managed a sales associate can be a manager.

Answer 4

False:
Can be a member but NOT a manager