A brokerage wants to register 3 branch offices in Florida. If the branch office registration fee is $75 per location, what is the total registration cost?
Correct Answer
C) $225
Correct: 3 branch offices × $75 per office = $225 total registration cost. Why not A: $150 would only cover 2 branch offices. Why not B: $200 is not the correct multiplication of 3 × $75. Why not D: $300 would be the cost for 4 branch offices, not 3.
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Scenario Harbor Review raises this Florida point. In a Tallahassee transaction, a closing coordinator wants the Florida rule on branch office supervision. Which statement is correct?
Compliance case Harbor Scenario frames the issue this way. In a Tallahassee transaction, a closing coordinator wants the Florida rule on brokerage/entity registration. Which statement is correct?
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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?
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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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- → 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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