Unit 5: Real Estate Brokerage Activates & Procedures Flashcards Preview

Florida Real Estate Class Exam for Sales Associates Pre-Lic 2021 > Unit 5: Real Estate Brokerage Activates & Procedures > Flashcards

Flashcards in Unit 5: Real Estate Brokerage Activates & Procedures Deck (16)
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1
Q

Brokerage Branch Offices

A

Must register each office.
Registration is not transferable.
Registration may be reinstated.

2
Q

Brokerage Office Signs

A

Must display on exterior or interior of the entrance to principal office and all branches.

Must be easily read, understood, and must contain the following:
Trade Name (if one is used)
Broker’s Name
The words (Licensed Real Estate Broker) or (Lic. Real Estate Broker).

3
Q

Advertising Requirments

A

Must be in name of the brokerage

4
Q

Words that are prohibited in Team Names

A

complete

5
Q

Regarding Advertising Requirments - Recognize errors in a real estate Ad.

A

complete

6
Q

Federal Telemarketing Law Exceptions

A

complete

7
Q

Acceptable Depositories for Brokers’ Escrow Account

A

complete

8
Q

What is the timeframe for escrow deposits

A

complete

9
Q

Postdated Escrow Checks

A

complete

10
Q

Who is liable for postdated & insufficient fund checks and why?

A

complete

11
Q

Title Company & Escrow Funds

A

complete

12
Q

Conflicting Demands

A

complete

13
Q

Settlement Procedures for Conflicting Demands

A

complete

14
Q

Kickbacks

A

complete

15
Q

Entities who may not register as a real estate brokerage

A

complete

16
Q

Compensation for Licensed Personal Assistants

A

complete