A Florida broker is NOT required to supervise which of the following activities of their sales associates?
Correct Answer
C) Personal investment decisions in their own real estate
Correct: Brokers are not required to supervise sales associates' personal real estate investments that are unrelated to brokerage activities. Why not A: Contract preparation requires broker supervision under F.S. 475.25. Why not B: Earnest money handling is a critical supervised activity. Why not D: All advertising and marketing must be supervised and approved by the broker.
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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?
- → A Florida broker must register sales associates with DBPR within:
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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?
- → 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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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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