Standard of Practice 14-2 of the REALTORS® Code of Ethics says that ?
many different boards can hear the same complaint
REALTORS® shall not Knowingly make false or misleading statements
REALTORS® must arbitrate their disputes
disciplinary hearings are confidential
A broker was unable to pay a civil court judgment in the amount of $40,000. The Recovery Fund paid the claim. Consequently, the FREC will ?
take no action against the broker
suspend the broker’s license
revoke the broker’s license
fine the broker $40,000
The advertising section of the Code of Ethics (Article 12) provides that REALTORS® ?
may not use the term “free” in any advertising
may not offer prizes or discounts wnen inducing a prospect to list or sell property
need not disclose their status as owners when advertising unlisted property
must disclose the name of tne firm in all advertising
Which is correct about the Florida Americans with Disabilities Act?
Owners may refuse a request by a disabled tenant to make reasonable modifications at the tenants expense
A landlord may not deny housing to a person with a disability who needs a service animal
A landlord may charge a disabled tenant additional pet fees for an emotional support animal
New residential houses must have at least two bathrooms that are ·accessible” as defined by law
A dispute over escrowed funds arises between the buyer and the seller. The parties agree in writing with the broker that the matter should be turned over to a third party for a decision that will be binding. This settlement procedure is called ?
mediation
arbitration
legal clarification
litigation
What is the maximum amount of personal funds a broker may place in the broker’s own sales escrow account?
$0
$200
$1,000
$5,000
What is it called when an unsolicited email is sent to trick the receiver into revealing sensitive information such as passwords or financial information?
Spoofing
Smishing
Redlining
Phishing
When a brokerage firm advertises on the internet, ?
the brokerage firm’s address must be included with tile firm’s name
the brokerage may not include the firm’s logo with the name of the firm
the firm may advertise only properties for which it has an exclusive-right-of-sale listing agreement
the brokerage firm name must be placed next to or immediately above or below the point of contact information
The DBPR response to an offense that is NOT a substantial threat to the public, usually resulting in a fine of $100 to $500, is ?
probation and an education course
a citation
an administrative complaint
a notice of noncompliance
Which of these is CORRECT regarding REALTOR’S arbitration hearings?
Hearing panels must include findings of fact and reasons for the award
Hearing panels must include at least one unlicensed person and one person who is at least 60 years old
Hearing panels don’t take prior decisions into account when reviewing a case
Hearing panels must forward the results of the hearing to the DBPR
Advertising over social media is always a lower cost alternative to maintaining the broker’s website. Is this statement correct? Why or why not?
No, it is always more expensive to advertise using social media
No, it depends on a number of factors, including the comparative costs of maintaining the social media accounts vs. the website and how often paid advertising is used on social media
No, advertising on social media is only more expensive if the broker pays for ads and runs them frequently.
Yes, all broKers should discontinue their websites and set up a FacebooK page for their brokerages
Plagiarism is NOT avoided by ?
properly citing sources
using quotation marks for direct quotes
paraphrasing in one’s own words
using artificial intelligence to generate or assist writing
How has the state of Florida responded to the need for ethical behavior by real estate licensees?
Requiring licensees to join a professional association
Requiring licensees to take three hours of ethics education before each license renewal
Requiring licensees, before each renewal, to sign a pledge to act ethically in their business practices
Requiring licensees to follow the REALTOR® Code of Ethics
A broker’s license has been involuntary inactive for 6 months. Before the DBPR will renew the license, the broker must pay the renewal fee, a late fee and ?
once again successfully complete the required broker course and pass the state exam
successfully complete the broker post-licensing education requirement
successfully complete the 14-hour continuing education course
successfully complete the 28-hour reactivation education course
A single woman sold her home after living there for four years. The gain on the sale was $140,000. The woman ?
may exclude the entire gain
may exclude a maximum of $125,000 of any gain
may not exclude the gain, since the 5-year requirement was not met
must purchase a new home equal to or greater than the adjusted sales price of the old home within 24 months to exclude the gain
If a landlord claims part of the tenant’s deposit, the landlord must give written notice by certified mail to the tenant’s last known mailing address within how many days after the tenant vacates the premises?
45
30
15
7
The maximum period of membership suspension for a REALTOR® due to violation of the Code of Ethics is ?
60 days
one year
180 days
30 days
Within how many days must a licensee who changes a mailing address or email address notify the Department of Business and Professional Regulation (DBPR)?
45
30
10
7
Which is correct about the National Association of REALTORS®Pathways to Professionalism?
It is voluntary and cannot form the basis for a professional standards complaint
It has four main sections
It contains objective, enforceable ethical standards
It may not be changed or supplemented based on differing local customs
How long does a licensee have to report a conviction for any crime (including misdemeanors) to tne DBPR?
10 days
15 days
30 days
7 days
Which of these words is acceptable to use in a team name?
Agency
Team
Brokerage
Corporation
A SIRS is a study of the ?
allocation of common area fees among owners
adequacy of the Board of Directors’ performance based on the previous ten-year review of the minutes
reserve funds required for future major repairs and replacement of the common elements
abilities of the community associate manager
In arbitrating a commission dispute between realtors, hearing panels ?
must take into account prior decisions of similar cases
can rely on clear-cut rules to decide procuring cause
should NOT include findings of fact or reasons for the award
rarely ask questions about the terms of a listing agreement of a realtor’s offer of compensation to cooperating realtors
An HOA officer or director can be removed from office for ?
embezzling HOA funds
allowing a member to cast tneir vote
allowing a member to inspect HOA records
refusing to accept kickbacks
Florida’s rapid population growth in recent years is due to ?
a record increase in the birth rate of Floridians
Florida residents living longer, healthier lives
net migration
an increase in vacation homes
A property manager who manages property of a foreign investor must withhold what percentage of the gross receipts for submission to the IRS?
0%
5%
15%
30%
If a landlord does not intend to impose a claim on the tenant’s security deposit, the landlord must return the deposit within ?
3 days
7 days
10 days
15 days
A broker has defrauded a buyer in a real estate transaction and the buyer files for a claim from the Real Estate Recovery Fund. To be paid, the consumer must ?
have received a final judgment against the broker from a Florida civil court
have notified the FREC of the fraud within 10 days of the occurrence
have had an arbitration process completed at the local Board of REALTORS®
be a Florida resident
If a broker fails to complete the required post-license course by the license expiration date, the broker’s license ?
is involuntary inactive and may be renewed after the broker takes the broker post-license course and pays a late renewal fee
is null and void
is valid for up to 90 days under the FREC’s grace period
may be reactivated to broker status after the broker completes a 14-hour continuing education course
What property valuation does a licensee usually make in the normal course of listing and selling?
An appraisal
A certified appraisal
A certificate of valuation
A CMA