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Training example Silver Workshop asks the question this way. In a Tallahassee transaction, a closing coordinator wants the Florida rule on management agreements. Which statement is correct?

Correct Answer

A) A salaried employee of an owner or of a registered broker for an owner, working in an onsite rental office of an apartment community in a leasing capacity, fits a statutory exemption.

A salaried employee of an owner or of a registered broker for an owner, working in an onsite rental office of an apartment community in a leasing capacity, fits a statutory exemption. This follows F.S. § 475.011; Florida property-management licensing principles; FREC Real Estate Law Book.

Answer Options
A
A salaried employee of an owner or of a registered broker for an owner, working in an onsite rental office of an apartment community in a leasing capacity, fits a statutory exemption.
B
Handling rents and security deposits never implicates real estate trust-account rules if the manager calls the money 'operating funds.'
C
Any onsite apartment leasing employee must hold a sales-associate license, even when the statutory exemption applies.
D
A CAM license automatically authorizes apartment leasing and brokerage activity for any owner in Florida.

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Related Topics & Key Terms

Key Terms:

floridastate_portionproperty_management_fllandlord_tenant_property_management
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