New sales associate Jennifer asks Broker Williams about the requirement for continuing education. What must Broker Williams tell her about Florida's CE requirements for sales associates?
Correct Answer
A) Complete 14 hours every 2 years including 3 hours of ethics
Correct: Florida sales associates must complete 14 hours of CE every 2 years, including 3 hours of ethics, law, and safe practices per F.S. 475.182. Why not B: 30 hours is the broker requirement, not sales associate. Why not C: The requirement is biennial, not annual. Why not D: CE is required for license renewal.
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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?
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Previous Question
A Florida broker is NOT required to supervise which of the following activities of their sales associates?
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Broker Garcia's escrow account shows a book balance of $45,000, but the bank statement shows $43,500. After reviewing records, he finds an outstanding check for $2,000 and a deposit in transit of $500. What should the reconciled balance be?