FL Real Estate Unit 5 Exam Review Questions and Answers

John anderson is a licensed real estate sales associate. Under which name may he register and be licensed? 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? 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 Zoning; sign Registrations issued to branch offices are ________ transferable to a different location 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. Closing transactions All advertisements must include the name of The brokerage firm Advertisements that fail to disclose the license name of the brokerage firm are called Blind advertisements FREC does not require that the brokerage firms ______ or address be included Phone number False advertising is a misdemeanor of the 2nd degree Licensees may be fined _________ for representing themselves as REALTORS when they are not current members of the NAR $300 Violators of the federal do not call list may be fined up to ________ per call $16,000 Violators of the FL telemarketing act may be fined up to ______ per call. $10,000 Advertising is considered under FL law to be a ______ activity. Broker False advertising is a misdemeanor of the ______ 2nd degree