Unit 5 Practice Exam Repeat

Which is correct about a brokerage firm that changes its address?

Which is NOT correct about ostensible partnerships?

A corporation for profit is NOT dissolved by

Which organization may register as a real estate broker?

Which is a trade name?

A broker’s entrance sign must have the words

Which is correct about information on the brokerage entrance sign?

Which is correct about advertising by a brokerage firm?

A broker is opening her first office and needs to know the legal methods for safeguarding trust funds. Which method is NOT in compliance with the Rules of the Florida Real Estate Commission?

A broker wants to place some of her corporate general account funds into her escrow account  to be sure that there are sufficient funds to cover bank charges or returned checks. The limit of such funds that may be deposited into the property management escrow account is

A customer gives a sales associate an earnest money check on Thursday. What is the latest day for the funds to be deposited?

How many days does a broker have to notify the FREC if there are conflicting demands for earnest money deposits in the broker’s escrow account?

A broker has notified the FREC about conflicting demands for funds in the broker’s trust account. If the parties agree, the broker may submit the matter to a nonjudicial procedure that will result in a decision that will be legally binding on all parties, called

Which is correct about persons who sell a list of properties for rent?

An apartment owner can pay a referral fee to an unlicensed tenant a maximum of