Florida real estate exam Questions and Answers 2024/2025W
8 views 0 purchase
Course
Real estate
Institution
Real Estate
Brokerage offices
→ All active Fl RE brokers are required to have an office and to register the office with
DBPR. Sales assoc are not permitted to open offices of their own. They must be
registered from and work out of an office maintained and registered in the name of
their employer.
Bra...
Florida real estate exam Questions and
Answers 2024/2025W
Brokerage offices
→ All active Fl RE brokers are required to have an office and to register the office with
DBPR. Sales assoc are not permitted to open offices of their own. They must be
registered from and work out of an office maintained and registered in the name of
their employer.
Branch offices
→ If a broker desires to conduct business from additional locations, the broker must
register each additional location as a branch office and pay the appropriate
registration fees. Registrations issued to branch offices are not transferable.
Office signs
→ Active RE brokers must display an official sign on either the exterior or interior of the
entrance to their principal office and all branch offices.
→ Must contain:
→ 1. Trade name ( If one is used)
→ 2. Brokers name
→ 3. The words 'licensed real estate broker' or ' lic. Real estate broker'
Advertising
→ Advertisements must clearly reveal the licensed name of the brokerage firm.
→ Advertisement that fails to disclose the license name of the brokerage firm.
Telephone Consumer Protection Act
TCPA
→ 1991. Federal law establishing a Do Not Call Registry for consumers who wish to
avoid telemarketing calls. Violators may be fined up to $11,000.
Florida registry as part of national registry
→ Charges consumer $10 first yr and $5 every yr after. Violator can be charged an
additional $10,000.
Fax solicitations
→ FCC rules mandate that it is unlawful
→ To send unsolicited advertisements to a residential or business fax machine without the
recipients prior express invitation or permission.
Escrow or trust accounts
→ Sales assoc who receive a binder deposit from a customer or principal must deliver it
to their broker no later than the next business day. Brokers must place trust funds into
an escrow account immediately, which means no later than the 3rd business day after
their sales assoc (or an employee of their brokerage company) has received it. First
day for broker doesn't count.
Misappropriation of escrow funds
→ Brokers may not intermingle or commingle (mix) escrow deposits with other types of
funds
Commingle funds
1|Page| GradeA+ | 2 0 0 2 5
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller TestTrackers. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.99. You're not tied to anything after your purchase.
