An entity that may be used by a sales associate for registration with the DBPR is ?
a limited liability company
a cooperative association
a limited partnership
a director of a brokerage
The use of interstate wire, television or radio communications, or the internet, to defraud someone is ?
spoofing
email account compromise
business email compromise
wire fraud
The escrow settlement procedure that involves the FREC giving directions to the broker is ?
an escrow disbursement order
liquidated damages
arbitration
mediation
The Building Safety Act requires building safety inspections for ?
all buildings
commercial buildings
residential buildings
certain condominiums and corporative Association buildings
A community association has 10 or more units or a budget greater than ?
$10,000
$25,000
$50,000
$100,000
Using someone else’s words or ideas without giving credit is called ?
fraud
plagiarism
usury
defaication
Upon the transfer of property from one owner to another, all funds being held for the tenants by the landlord ?
must be returned to the tenants
must be transferred to the new owner or agent
must be retained by the former owner until the end of the lease
must become the property of the former owner
What is the term used for a real estate licensee’s illegal practice of using language to either encourage or discourage persons from purchasing property in a neighborhood based on the racial or ethnic characteristics of the area?
boycotting
redlining
steering
flipping
In pathways to professionalism, the first on the list of suggestions for being a good professional is ?
“go along to get along
“don’t get mad, get even”
“what goes around, goes around”
“do unto others what you would have done to unto you”
How often must landlords repair damaged window screens?
Once annually
every six months
every three months
only if a new tenant takes possession
Broker Rodriguez owned a rental house that she listed for sale. The Realtors Code of Ethics requires that she ?
Turn prospective buyers over to another member of the firm to show the property
put “realtor/owner” in all advertising
advertise other listings at least as often as she advertises her own property
show her property to all prospective buyers in that price range
Article 2-9 of the Realtors Code of Ethics say the Realtors should disclose known known facts about residential and nonresidential properties that would affect their value. That’s different from Florida law because the Florida law ?
requires licensees to disclose only known facts about residential property
does not require disclosure of known facts unless asked by prospective buyers
requires brokers to keep known facts secret if the broker’s principal demands it
requires brokers to disclose only facts concerning a death in the property
After receiving the required documents for a new condominium, how many days does the buyer have to cancel the contract?
15
21
30
60
Under Standard of Practice 1-9 of the Code of Ethics, a REALTOR can use the client’s confidential information only ?
when a lender requests the information
when it will help the REALTOR sell a property
after the representation agreement is terminated
if it is necessary to defend a REALTOR against an accusation of wrongful conduct
The unlicensed practice of real estate is ?
likely to result in license revocation
a first-degree misdemeanor
a first-degree felony
a third-degree felony
Broker John regularly told his prospective buyers that by buying a home they could save lots of money because they could deduct the interest and property taxes from their gross income for income tax purposes. To be fair, John should disclose that ?
property taxes are no longer deductible for income tax purposes
interest is no longer deductible for income tax purposes
the 2023 standard deduction for married couples filing jointly is $27,700, usually a higher amount than taking separate deductions for taxes and interest
they should also deduct maintenance and insurance payments
The Fair Housing Act of 1968, as amended, prohibits discrimination based on ?
age
familial status
receipt of income derived from any public assistant program
behavioral characteristics
If a broker receives conflicting demands for an earnest money deposit from a buyer and a seller, the broker must notify the FREC within ?
7 days
10 days
15 days
30 days
Collections of fees from licensees for the Recovery Funds stop if the amount in the fund exceeds ?
$250,000
$500,000
$750,000
$1 million
Which persons are exempt from the continuing education requirement?
Members of the Florida bar
Licensees with a four year degree or higher in real estate
Brokers with more than 25 years of licensure
Military members on active duty who are actively engaged in with the state for profit
Written listing agreements must not have ?
a definite expiration date
a requirement for a broker to deliver the signed agreement to the seller within 24 hours
a self renewing clause
a property description
A woman sells her home for $450,000. She had purchased it for $300,000 and has lived there for three years. How much was she owed to IRS to the gain on the sale?
None of the gain
20% of the gain
10% of total price
10% of the gain
What is the maximum amount of personal funds a broker can place in the property management escrow account?
$200
$1,000
$5,000
$2,500
A veteran real estate broker has pleaded nolo contendere to a misdemeanor DUI charge. The broker ?
must report this fact to the FREC within 30 days after the plea
can expect a summary suspension by the FREC without a hearing
must attend 12-step program meetings for at least six months to be cleared of the charge
must surrender his driver’s license for a minimum of one year
Article 9 of the Code of Ethics about written agreements requires REALTORS to ?
put sale contracts into writing, but listing agreements are not covered
refrain from explaining the terms of a contract to avoid practicing law
give a copy of the document to each party when they sign an agreement
split commissions with cooperating REALTORS
Which is NOT a reason new residents have historically moved to Florida ?
A leisurely lifestyle
Florida’s expensive coastline
Low housing prices
Warm weather
If a broker receives a cash payment of more than $10,000, the broker must report the event to the IRS within ?
15 days
10 days
7 days
5 days
A milestone inspection is an inspection of a building’s ?
landscape design
elevator system
structural integrity
parking lot
A listing agreement that allows a seller to employ any number of brokers, paying only the first broker who produces a ready, willing, and able buyer at the terms accepted by the seller is ?
a net listing
an open listing
an implied listing
an executive agency listing
During a routine office expection, a DRE investigator finds a minor violation that does not endanger the health, safety, or welfare of the public and is a first-time violation. The investigator must identify the statute or rule violated, show how it could be corrected, and allow the broker 15 days to correct the violation. This is ?
a notification of noncompliance
a citation
an administrative complaint
a writ of supersedes