State Laws Rental Services True/False

Question 1

A prospective tenant paid a rental service $500 to find a rental property, but in two weeks the prospect was unable to find a suitable property. The prospective tenant must be refunded $375.

Answer 1

True:
75% of the deposit if requested within 30 days

Question 2

A broker offering rental services is required to deliver a rental receipt agreement to all prospective tenants who pay a fee.

Answer 2

True

Question 3

A prospective tenant paid a rental service $1,000 to find a rental property, but found that the rental service gave out inaccurate information. The prospective tenant is entitled to a refund of the entire $1,000.

Answer 3

True

Question 4

Broker A & Broker B were involved in a transaction. Broker B filed a complaint & a hearing was held but broker B failed to show up even though subpoenaed. FREC may take action against Broker B because he didn’t respond to the subpoena.

Answer 4

True

Question 5

If FREC issues you a subpoena to appear at a hearing, you may choose not to appear & instead submit testimony in writing.

Answer 5

False:
Must appear