Mark, a licensed sales associate, wants to register a fictitious name 'Sunshine Properties' for his real estate activities. His broker, Jennifer, operates under 'Premier Realty Inc.' What must occur for Mark to legally use this fictitious name?
Correct Answer
B) The fictitious name must be registered by Jennifer as the broker
Correct: Only the broker can register fictitious names for the brokerage, and all business must be conducted under names registered to the broker. Why not A: Sales associates cannot register fictitious names independently. Why not C: While becoming a broker would allow Mark to register names, it's not the only solution if his current broker registers it. Why not D: Fictitious names are permitted but must be properly registered by the broker.
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More Brokerage Activities Procedures Questions
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- → 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:
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- → A Florida broker must register sales associates with DBPR within:
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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?
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