Global Realty Partners has multiple sales associates who want to create team names for marketing. Associate Jennifer Chen wants to market as 'The Chen Home Team of Global Realty Partners.' What must occur for this to be compliant?
Correct Answer
B) No registration needed if the brokerage name is included
Correct: B - Team names that include the full brokerage name do not require separate registration as trade names. Why not A: Registration is not required when the brokerage name is included. Why not C: The broker doesn't need to register team names that include the brokerage name. Why not D: Team names are permitted when properly used with the brokerage name.
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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:
- → 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?
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