Broker Thompson receives a complaint from FREC about misleading advertising by one of her sales associates who advertised a property as 'waterfront' when it was actually across the street from water. What potential consequences could Broker Thompson face?
Correct Answer
B) Disciplinary action for failure to supervise and ensure truthful advertising
Correct: Brokers can face disciplinary action for inadequate supervision of associates' advertising practices per F.S. 475.25. Why not A: Brokers remain responsible for supervising associate activities and advertising. Why not C: FREC has discretion in penalties - warnings are not automatic for any offense. Why not D: Automatic suspension is not required - FREC determines appropriate disciplinary measures.
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Broker Thompson's brokerage 'Coastal Properties' merges with another firm and will operate under 'Premier Coastal Realty.' What steps must Thompson take regarding the name change?
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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?
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- → 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?
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Previous Question
Sales associate David posts a property on Instagram with the caption 'Amazing waterfront condo! DM me for details! #RealEstate #Miami.' His broker's name appears in his Instagram bio but not in the post. Is this compliant with Florida advertising rules?
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Under Florida law, real estate licensees may include all of the following in their advertising EXCEPT: