Exam (elaborations)
FL REAL ESTATE UNIT 5 EXAM
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FL REAL ESTATE UNIT 5 EXAM
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FL REAL ESTATE UNIT 5 EXAMJohn anderson is a licensed real estate sales associate. Under which name may he
register and be licensed? - Answers -John anderson, LLC
A sales associate receives a binder deposit from a prospective buyer on Thursday
morning. Later that same day the associate gives the binder to his broker. By the end of
the business day on what day must the broker deposit the funds into her escrow
account? - Answers -Tuesday
A broker may have an office in the broker's residence provided local _______ allows
such activity and the broker's ______ sign is displayed at the entrance - Answers -
Zoning; sign
Registrations issued to branch offices are ________ transferable to a different location -
Answers -Not
A temporary shelter located in a new home subv is being marketed by a brokerage
company. The temporary shelter must be register d as a branch office if
______________ are conducted at the site. - Answers -Closing transactions
All advertisements must include the name of - Answers -The brokerage firm
Advertisements that fail to disclose the license name of the brokerage firm are called -
Answers -Blind advertisements
FREC does not require that the brokerage firms ______ or address be included -
Answers -Phone number
False advertising is a misdemeanor of the - Answers -2nd degree
The four settlement procedures for conflicting demands are Mediation, Arbritration,
litigation, or ________[MALE] - Answers -EDO- escrow disbursement order
________ owned property is exempt from the notice and the settlement procedures in
CH.475. - Answers -HUD
Real estate associates who receive checks payable to them as deposits on the
purchase of real property must - Answers -Endorse the checks and immediately turn
them over to their employers
Which statement is False regarding escrow accounts? - Answers -It is illegal for the
broker to keep any earned interest even if the buyer and seller give written permission.
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