A sales associate working for Broker Thompson wants to place a 'For Sale' sign in the yard of a listed property. Who is responsible for ensuring the sign complies with local zoning and sign ordinances?
Correct Answer
C) The broker supervising the listing
The broker is responsible for ensuring all brokerage activities, including signage, comply with local laws and regulations. A is wrong as sales associates work under broker supervision. B incorrectly places responsibility on the client. D identifies who enforces, not who is responsible for compliance.
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More Brokerage Activities Procedures Questions
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?
Broker Roberts discovers that a sales associate has been operating under an expired license for the past 60 days while continuing to show properties and write contracts. Several transactions are pending closing. What is the broker's most serious immediate concern?
Sales associate David wants to create business cards for networking events. What must appear on his business cards to comply with Florida law?
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?
- → Sales associate Carmen wants to create business cards for networking events. According to Florida advertising requirements, what information must appear on her business cards?
- → According to Florida statute, what constitutes 'advertising' in real estate practice?
- → Under Florida real estate law, what constitutes 'advertising' for regulatory purposes?
- → In a Ocala transaction, a buyer wants the Florida rule on misleading claims. Which statement is correct?
- → Sales associate Jennifer wants to advertise her services on Instagram. What must she include in her social media posts to comply with Florida advertising laws?
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Broker Williams maintains an escrow account with an average monthly balance of $75,000 in client funds. The account earns 2.5% annual interest. If Florida law requires the broker to maintain detailed escrow records, how long must these records be retained after the transaction closes?
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A Florida broker's duty of care to clients includes all of the following EXCEPT: