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Question 1 of 27
1. Question
Two real estate companies agree to conjoin their resources for the development and sale of an apartment complex, for which profits will be shared equally. This is an example of
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Question 2 of 27
2. Question
If a sales associate accepts as earnest money payment from a property buyer, what must the associate do with the check?
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Question 3 of 27
3. Question
Under what circumstances may a licensee offer an opinion of title?
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Question 4 of 27
4. Question
If the parties to a transaction do not agree on the disbursement of escrow funds, the broker must notify the FREC
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Question 5 of 27
5. Question
What can happen if a licensee charges a fee for a list of rental properties and the purchaser of the list does not obtain a rental?
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Question 6 of 27
6. Question
In a joint venture,
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Question 7 of 27
7. Question
Which of the follow entities may file 501(c)(3) federal tax-exempt status?
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Question 8 of 27
8. Question
In Florida, the unlicensed practice of law is a
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Question 9 of 27
9. Question
Which of the following entities may register as a brokerage?
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Question 10 of 27
10. Question
dvertising that does not include the broker’s licensed name is
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Question 11 of 27
11. Question
Which of the following is NOT a state mandated requirement for a broker’s office?
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Question 12 of 27
12. Question
Brokers are required to deposit third party funds immediately. How does Florida define “immediately”?
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Question 13 of 27
13. Question
Which of the following may not register as a brokerage?
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Question 14 of 27
14. Question
An unincorporated association
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Question 15 of 27
15. Question
Which of the following statements is true?
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Question 16 of 27
16. Question
An escrow conflict resolution procedure that places the funds into a court’s depository and removes the broker from the dispute is called
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Question 17 of 27
17. Question
Which of the following statements is true?
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Question 18 of 27
18. Question
An LLC is a
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Question 19 of 27
19. Question
Which of the following statements is true?
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Question 20 of 27
20. Question
Which type of business entity is prohibited?
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Question 21 of 27
21. Question
Licenses changing employing brokers are prohibited from
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Question 22 of 27
22. Question
If a broker chooses to use an interest-bearing account for escrow funds, he must
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Question 23 of 27
23. Question
Real estate advertising is a regulated activity. One important restriction in placing ads
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Question 24 of 27
24. Question
If a licensee changes employing brokers, he or she must notify the FREC of the change
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Question 25 of 27
25. Question
If a licensee changes from one employing broker to another, the licensee
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Question 26 of 27
26. Question
The three principal brokerage firms in a market agree to charge clients the same commission rate, regardless of market conditions. This is an example of
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Question 27 of 27
27. Question
If a property buyer fails to meet the financing provisions of the sales contract, what may the broker do with the escrow funds?
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