Florida Real Estate Exam

Category - Florida

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The Prepaid Rental Listing Agent is required to do all of the following EXCEPT:

Give a contract and receipt to every prospective tenant which provides for return of the fee under certain conditions
Repay any amount over $25 if a rental is not obtained
Return the entire fee if no referrals are received within 5 days of the execution of the agreement
Submit a statement of accounts to the Commissioner quarterly

Explanation

Answer D - The Prepaid Rental Listing Service agent must keep proper records which are open for inspection by the Real Estate Commissioner. Such agents must account to their principals at least quarterly as to the disposition of such funds.

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