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61 Cards in this Set
- Front
- Back
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An appraisal assigned to originate a federally related loan requires services of |
A licensed buscertified appraiser |
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Business broker is NOT one of the 3 real estate license categories |
True |
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The consent to transition to transaction broker notice must have buyer or seller or both sign before implementation |
True |
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The consent to transition to transaction broker notice must have buyer or seller or both sign before implementation |
True |
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Ricky Ross is opening a real estate office. Is he required to put the names of the sales associates on his office sign? |
No |
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Sales associate who recieces a deposit on Monday must deliver the deposit check no later than___. |
End of business day Tuesday |
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Sales associate who recieces a deposit on Monday must deliver the deposit check no later than___. |
End of business day Tuesday |
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A broker waits 10 days to report conflicting demands, the broker has just __business days to remaining to implement a settlement procedure. |
20 |
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Sales associate who recieces a deposit on Monday must deliver the deposit check no later than___. |
End of business day Tuesday |
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A broker waits 10 days to report conflicting demands, the broker has just __business days to remaining to implement a settlement procedure. |
20 |
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4 independent brokers decide to lower commission rate from 3% to 2%. This is an example of __. |
Price fixing |
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Sales associate who recieces a deposit on Monday must deliver the deposit check no later than___. |
End of business day Tuesday |
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A broker waits 10 days to report conflicting demands, the broker has just __business days to remaining to implement a settlement procedure. |
20 |
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4 independent brokers decide to lower commission rate from 3% to 2%. This is an example of __. |
Price fixing |
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Every general partnership in real estate limited partnership must hold an active__license. |
Brokerage license |
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Sales associate who recieces a deposit on Monday must deliver the deposit check no later than___. |
End of business day Tuesday |
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A broker waits 10 days to report conflicting demands, the broker has just __business days to remaining to implement a settlement procedure. |
20 |
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4 independent brokers decide to lower commission rate from 3% to 2%. This is an example of __. |
Price fixing |
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Every general partnership in real estate limited partnership must hold an active__license. |
Brokerage license |
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Is a joint venture required to be licensed as a real estate broker with the DBPR? |
No. Both parties are already registered and licensed individually. |
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Sales associate who recieces a deposit on Monday must deliver the deposit check no later than___. |
End of business day Tuesday |
|
|
A broker waits 10 days to report conflicting demands, the broker has just __business days to remaining to implement a settlement procedure. |
20 |
|
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4 independent brokers decide to lower commission rate from 3% to 2%. This is an example of __. |
Price fixing |
|
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Every general partnership in real estate limited partnership must hold an active__license. |
Brokerage license |
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Is a joint venture required to be licensed as a real estate broker with the DBPR? |
No. Both parties are already registered and licensed individually. |
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An unlicensed personal assistant may NOT conduct listing appointments on behalf of a licensee. |
True. Only tasks permitted by law may be performed. |
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Sales associate who recieces a deposit on Monday must deliver the deposit check no later than___. |
End of business day Tuesday |
|
|
A broker waits 10 days to report conflicting demands, the broker has just __business days to remaining to implement a settlement procedure. |
20 |
|
|
4 independent brokers decide to lower commission rate from 3% to 2%. This is an example of __. |
Price fixing |
|
|
Every general partnership in real estate limited partnership must hold an active__license. |
Brokerage license |
|
|
Is a joint venture required to be licensed as a real estate broker with the DBPR? |
No. Both parties are already registered and licensed individually. |
|
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An unlicensed personal assistant may NOT conduct listing appointments on behalf of a licensee. |
True. Only tasks permitted by law may be performed. |
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When DRE attorney attorneys and licensee or licensees attorney reach an agreement as to a penalty. |
Stipulation |
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Sales associate who recieces a deposit on Monday must deliver the deposit check no later than___. |
End of business day Tuesday |
|
|
A broker waits 10 days to report conflicting demands, the broker has just __business days to remaining to implement a settlement procedure. |
20 |
|
|
4 independent brokers decide to lower commission rate from 3% to 2%. This is an example of __. |
Price fixing |
|
|
Every general partnership in real estate limited partnership must hold an active__license. |
Brokerage license |
|
|
Is a joint venture required to be licensed as a real estate broker with the DBPR? |
No. Both parties are already registered and licensed individually. |
|
|
An unlicensed personal assistant may NOT conduct listing appointments on behalf of a licensee. |
True. Only tasks permitted by law may be performed. |
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When DRE attorney attorneys and licensee or licensees attorney reach an agreement as to a penalty. |
Stipulation |
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Sales associate who receives a citation has __days to file a written objection explaining the citation. |
30 |
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Sales associate who recieces a deposit on Monday must deliver the deposit check no later than___. |
End of business day Tuesday |
|
|
A broker waits 10 days to report conflicting demands, the broker has just __business days to remaining to implement a settlement procedure. |
20 |
|
|
4 independent brokers decide to lower commission rate from 3% to 2%. This is an example of __. |
Price fixing |
|
|
Every general partnership in real estate limited partnership must hold an active__license. |
Brokerage license |
|
|
Is a joint venture required to be licensed as a real estate broker with the DBPR? |
No. Both parties are already registered and licensed individually. |
|
|
An unlicensed personal assistant may NOT conduct listing appointments on behalf of a licensee. |
True. Only tasks permitted by law may be performed. |
|
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When DRE attorney attorneys and licensee or licensees attorney reach an agreement as to a penalty. |
Stipulation |
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Sales associate who receives a citation has __days to file a written objection explaining the citation. |
30 |
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A broker followed FREC edo is later sued 8,000 in damage, 3,500 in costs, and 4,500 defense attorney fees. How much may he be reimbursed? |
$16,000 |
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Sales associate who recieces a deposit on Monday must deliver the deposit check no later than___. |
End of business day Tuesday |
|
|
A broker waits 10 days to report conflicting demands, the broker has just __business days to remaining to implement a settlement procedure. |
20 |
|
|
4 independent brokers decide to lower commission rate from 3% to 2%. This is an example of __. |
Price fixing |
|
|
Every general partnership in real estate limited partnership must hold an active__license. |
Brokerage license |
|
|
Is a joint venture required to be licensed as a real estate broker with the DBPR? |
No. Both parties are already registered and licensed individually. |
|
|
An unlicensed personal assistant may NOT conduct listing appointments on behalf of a licensee. |
True. Only tasks permitted by law may be performed. |
|
|
When DRE attorney attorneys and licensee or licensees attorney reach an agreement as to a penalty. |
Stipulation |
|
|
Sales associate who receives a citation has __days to file a written objection explaining the citation. |
30 |
|
|
A broker followed FREC edo is later sued 8,000 in damage, 3,500 in costs, and 4,500 defense attorney fees. How much may he be reimbursed? |
$16,000 |
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___reimburses consumers financially injured by a licensee |
Florida Real Estate Recovery Fund |
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A broker followed FREC edo is later sued 8,000 in damage, 3,500 in costs, and 4,500 defense attorney fees. How much may he be reimbursed? |
$16,000 |
