Within how many days must a licensee who changes a mailing address or email address notify the Department of Business and Professional Regulation {DBPR)?
10
15
30
45
Article 11 of the Code of Ethics requires that a REALTOR® ?
follow fair housing laws
avoid exaggeration
perform competently
keep trust funds separate
What is the term used when an unsolicited email is sent requesting sensitive information from users?
Phishing
Smishing
Vishing
Pharming
What federal law was enacted to cover wire fraud?
There is no federal law that addresses wire fraud
Communications Act Amendments of 1952
Federal Housing Act of 1968
Bank Fraud Act of 1952
Which of these situations is covered by the Florida Residential Landlord and Tenant Act?
Commercial tenancies
The occupancy of a long-term care facility
The rental of a structure for use as a home
The occupancy under a proprietary lease in a co-op
The property of a person who has died of AIDS is being listed with a broker. What are the requirements regarding disclosure?
Even if the broker were not told about the death of the owner, the broker has a duty to investigate the circumstances and make full and fair disclosure
The broker would not be liable for nondisclosure; the seller is liable
It is not a material defect that needs to be disclosed in a real estate transaction
The broker must disclose this information to the buyer because it may materially affect the value of the property
What remedy is available to a landlord if a tenant is two weeks late on the rent?
Make written demand for payment of the rent or that the tenant vacate the premises within three days
Change the locks
Remove the doors of the property
Turn off the utilities
Which is NOT an effective way for a broker to avoid procuring cause disputes?
Ask if the buyer is currently working with another broker
Avoid questions to a buyer about working with another broker
Ask if the buyer has seen houses with another broker
Get a commission agreement from non-MLS listing brokers
What is the name of the federal program that provides flood insurance to individuals and businesses in the United States?
Federal Emergency Management Agency {FEMA)
Flood Insurance Rate Map (FIRM)
Risk Rating 2.0
National Flood Insurance Program (NFIP)
Article 9 of the REALTORS® Code ot Ethics requires REALTORS® to ?
disclose fees received for recommending services or products
put agreements in writing
disclose personal interests when buying or selling
cooperate witll other real estate professionals
In addition to the classes of persons protected by the Fair Housing Act, the REALTORS® Code of Ethics Article 10 prohibits discrimination based on ?
socioeconomic status
age
sexual orientation or gender identity
political party
Article 12 of the Code of Ethics requires REALTORS® to ?
perform competently
be honest and truthful in their real estate communications
follow fair housing and equal employment opportunity laws
keep trust funds separate
The Florida Senate bill 2-A is intended to reduce unnecessarily high insurance claims by
prohibiting assignment of benefits by insureds to third parties
requiring all homeowners in Florida to carry flood insurance
requiring landlords to provide contents insurance for all tenants
requiring insureds to submit to arbitration rather than filing lawsuits for claims
A married couple sold their home after living there for seven years. The gain on the sale was $165,000. The couple ?
may exclude a maximum of $125,000 of any gain if they are filing jointly
may not exclude the gain, since the 10-year requirement was not met
may exclude the entire gain
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
A broker must report to the IRS cash payments that are more than ?
$10,000
$15,000
$25,000
$50,000
A listing broker sells a house in two days. The seller believes the broker didn’t have to do much work and refuses to pay the full commission. The listing broker can ?
place a lien on the property for the full commission
file a complaint with the FREC
file a lawsuit, get a civil judgment, then record the judgment lien
file a grievance with the Board of Realtors
What is the violation that would be charged in the following case? An Asian woman looks at a single-family home and is told that the home is no longer available. The next week, she sees the home advertised and a For Rent sign in front of the house. ?
Altering the terms or conditions of a home loan or denying a loan, as a means of discrimination
Changing the terms or conditions or services for different individuals as a method of screening
Falsely representing that a property is not for sale or for rent
Profiting by inducing property owners to sell or rent based on the prospective entry into the neighborhood of persons of a protected class
Florida is considered which of these?
The third most populous state in the country
The most populous state in the country
The fifth most populous state in the country
The seventh most populous state in the country
Brokers and sales associates may not advertise that they hold professional designations ?
in any of their marketing materials
unless they are working toward achieving the designation
unless they also indicate how long they have held the designation
unless they actually hold that professional designation
Gentrification is ?
the process whereby the character of a low-income neighborhood is redeveloped by improving housing
the process of providing more housing to ALICE households
a program that helps low-income households rehouse into new neighborhoods
the process of lowering rental prices in redeveloped housing to make it affordable for ALICE households
Situational ethics is a term used to define situations where the ethics involved in making a decision depend on ?
following certain religious concepts
whatever circumstances best suit the interests of the person
adhering strictly to the law
determining right versus wrong
Collections of fees from licensees for the Recovery Fund stop if the amount in the fund exceeds $1 million and will not start again until the fund balance drops below ?
$250,000
$350,000
$500,000
$750,000
Which of these is a way for buyers to protect themselves from wire fraud in a real estate transaction?
Using public Wi-Fi to respond with personal information to the lender
Clicking on links or attachments in unknown email
Contacting the title company or closing agent through the phone number in the fraudulent email
Verifying with the title company or closing agent and bank before sending the Wire for closing
Which licensee can renew only after taking a 28-hour reactivation education course?
A person with a voluntary inactive license
A person whose license has been involuntary inactive for less than 12 months
A person whose license has been involuntary inactive for more than 12 months
A person whose license was suspended by the FREC
How many days does a property manager have to approve or deny a rental application from an active duty service member?
7 days
14 days
15 days
30 days
The use of artificial intelligence like ChatGPT for research has created an ethical concern for college professors because it ?
discourages students from using the school or public library
makes it possible for a student to spend less time taking notes and transcribing them into a term paper or thesis
provides an opponunity for students to take internet research and submit it as original work
makes it possible for a student to do research on a laptop in any location
A REALTOR® who violates the Code of Ethics may be subject to stringent disciplinary action that includes a fine of up to ?
$3,000
$10,000
$15,000
$500
A broker is required to deposit trust funds in the escrow account within how many days from receipt?
3
10
14
15
If a real estate licensee, acting as an agent for an owner, wants to contract for repairs, remodeling, or improvements totaling more than $5,000, the licensee ?
should break up the work into smaller parts to circumvent the law
should have a contractor’s license or employ a contractor
may do so with written permission of the owner
may do so by getting a building permit from the local building code agency