Broker Sarah runs a newspaper ad that reads: 'Beautiful 3BR/2BA home in desirable neighborhood! Call Sarah at 555-HOMES for details.' What is required to make this advertisement compliant with Florida law?
Correct Answer
D) Include the brokerage firm name
Correct: D - Include the brokerage firm name. All real estate advertisements must include the brokerage firm name as required by F.S. Why not A: This option is incorrect because "Include her real estate license number" does not match the rule tested by the question. The correct answer is "Include the brokerage firm name". All real estate advertisements must include the brokerage firm name as required by F.S. Why not B: This option is incorrect because "Add the listing price" does not match the rule tested by the question. The correct answer is "Include the brokerage firm name". All real estate advertisements must include the brokerage firm name as required by F.S. Why not C: This option is incorrect because "Add the property address" does not match the rule tested by the question. The correct answer is "Include the brokerage firm name". All real estate advertisements must include the brokerage firm name as required by F.S.
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Real estate broker Sarah discovers that her sales associate Mark has been placing earnest money deposits into his personal checking account instead of the broker's escrow account. Mark claims he always transfers the funds within 24 hours. What should Sarah do according to Florida law?
Earnest money deposits in Florida must be placed in escrow within:
- → Broker Thompson discovers that earnest money from a failed transaction has been sitting in his escrow account for 18 months. The buyer and seller cannot agree on disbursement. What is Thompson's best course of action under Florida law?
- → A Florida broker must register sales associates with DBPR within:
- → The difference between commingling and conversion:
- → Broker Martinez operates under the trade name 'Sunshine Realty' which is properly registered with the state. Can his sales associates use 'Sunshine Realty' in their advertising instead of Martinez's personal name?
- → Sales associate Mike wants to place a 'For Sale' sign on a listed property. Under Florida law, whose name must appear on the sign?
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Previous Question
Compliance case Harbor Checklist frames the issue this way. In a Tallahassee transaction, a closing coordinator wants the Florida rule on broker-name requirements. Which statement is correct?
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Sales associate Mike wants to place a 'For Sale' sign on a listed property. Under Florida law, whose name must appear on the sign?