The best protection that the public has during a Real Estate transaction is (are)
A. The national and state association of REALTORS
B. The punishment of licensees dealing dishonesty
C. the high ethical standards of real estate agents
D. FREC and the license law ✔✔D. FREC and the license law
A group license
A. allows a broker to have a branch office
B. allows a sales associate to work for more than one broker
C. may be held by a sale associate or broker associate
D.allows a broker to qualify more than one broker firm ✔✔C. may be held by a sale associate or
broker
The following are exempt from F.S. 475 EXCEPT
1 / 2
A. Trustees for an estate
B. Personal representatives for an estate
C. Mortgage brokers engaged in financing activities.
D. Business Brokers ✔✔D. Business Brokers
General Partners in a brokerage partnership that are not qualified to perform the services of real
estate must be registered as for what? ✔✔For Identification Purposes
Which brokerage disclosure notice must be signed or initialed by the buyer or seller before
implementation? ✔✔Transition to Transaction
When a seller is about to enter a fiduciary relationship with a brokerage firm what must be
given? ✔✔Single Agency Notice
A broker owes which duty to a customer? What should he disclose? ✔✔Known Facts affecting
the value of the residential property