REAL ESTATE 45 HOUR| Accurate Questions| Answers| Verified!!

a licensee must notify the DBPR w/in how many days after changing their employer? - ANSWER 10 days florida statues require that a licensee report to the commission within 30 days after being convicted, found guilty, or entering no contest or guilty to a crime. the penalty resulting from a first violation of this law is likely to include all of the following disciplinary actions except which one? - ANSWER first violation- 250-1000 and license suspension to revocation second violation- a fine ranging from 1000 to 5000 and license suspension to revocation -full disciplinary hearing and penalties ANSWER: PROBATION florida real estate law requires that all of the following changes be reported to the dbpr, except which one - ANSWER change of specialty are from residential sales to property management F.S 455 defines current mailing address as the current residential address, which is used by a licensee to receive mail through US Postal Service. a licensee is required to notofy the department in writing of their current mailing address and any change in the current mailing address within how many days after the change? - ANSWER 10 days a licensee advertises false, inaccurate, misleading, or exaggerated information. in addition to being issued a citation, how much would they likely be fined? - ANSWER $500 a licensee attempts to negotiate a rental for a fee paid by the tenant. if the tenant applicant does not like any of the rental properties available, what are they entitled to request within 30 days of the contract date? - ANSWER may request 75% refund of fee paid sales associate, chris, receives a deposit check from a buyer during the business day on monday. what must chris do - ANSWER no later than the next business day. failure can result in a full disciplinary hearing and additional penalties. whenever a licensee negotiates a contract for the resale of a timeshare resale unit, the contract must contain specific language ? - ANSWER -common area expenses -ad valorem taxes -other ownership charges who may directly compensate a sales associate for performing a service of real estate - ANSWER sales assoc employing broker which relationship is allowed under florida real estate laws and rule - ANSWER sales assoc represents a buyer or seller. but not both in a single agency relationship a licensee is required to provide written disclosure, which specifies the nature of the relationship they have with a member of the public. which relationship does not require such disclosure? - ANSWER no broker relationship what are the unique duties of a licensee in a single agent relationship - ANSWER confidentiality, obedience, loyalty, and full disclosure are fiduciary duties that are unique to a single agency relationship and are not required for transaction broker or no brokerage relationship. which statement correctly describes the role of the sale assoc - ANSWER sales assoc is an agent of the employing broker and acts on behalf of the broker. the broker is employed by and represents the principal the type of brokerage relationship between a customer and a licensee determines the duties of the licensee to that customer. however all licensees in any brokerage relationship are required to perform the following duties except for which one answer: full confidentiality - ANSWER all licensees in any relationship must: -deal honestly and fairly -account for all funds, -disclose all known facts that affect the value of residential property. full confidentially, obedience, loyalty, ad full disclosure are due only in a single agency relationship. if a licensee acts as an investor, the licensee must ensure that all parties are aware that the licensee is not acting as a what - ANSWER real estate licensee a sales associat