Practice Quiz

Florida Real Estate Exam - Question List

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156.
If both buyer and seller claim the earnest money deposit in a broker escrow account, how much time after the last claim received does the broker have to notify FREC in writing?

  1. Five calendar days
  2. Fifteen business days
  3. Seven calendar days
  4. Thirty business days
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157.
Broker Larry has an agreement with a local Florida wireless phone provider.  The agreement stipulates that Larry will pay a $20 referral fee to the wireless provider for each prospective buyer referred to Larry.  Which of the following applies?

  1. This is a legal kickback or rebate.
  2. This is legal provided broker Larry informs each prospect of the agreement.
  3. Florida Real Estate Law prohibits all kickbacks and rebates.
  4. Broker Larry is in violation of Chapter 475, F.S., because he has promised to compensate an unlicensed person for the referral of real estate business.
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158.
A sales associate was issued a citation for failing to timely notify the Florida Real Estate Commission of her change of address.  How many days does the licensee have to either pay the citation or file an objection to the alleged violation?

  1. 30
  2. 45
  3. 60
  4. 90
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159.
A real estate broker in Florida has an inactive license.  May the broker sue a customer for a commission?

  1. Yes, but the broker will have to reactivate his license first.
  2. No, any agreement between the broker and the customer is invalid.
  3. The broker may sue the customer for consulting services but not call them real estate services.
  4. Yes, provided the broker performed according to the terms of a listing or buyer brokerage agreement.
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160.
A subdivider purchases 20 acres of land and erects a number of tract homes.  She does not hold a real estate license but, to keep things in the family, she wants to pay her son direct for selling the houses:

  1. The son could sell homes in the mother's subdivision and collect a direct commission if he has a salesman's license.
  2. The son could sell homes in the mother's subdivision if he has a Real estate broker's license.
  3. The son needs no real estate license since this is his mother's subdivision.
  4. The son must hold a Real property securities license.
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