Which answer most accurately states the Florida rule for when receipt by a sales associate counts as receipt by the broker?
Correct Answer
D) Receipt of escrow by a sales associate counts as receipt by the broker for Florida escrow-timing purposes.
Receipt of escrow by a sales associate counts as receipt by the broker for Florida escrow-timing purposes. This follows Rule 61J2-14.008, F.A.C.; F.S. § 475.25; FREC Real Estate Law Book; DBPR Bureau of Enforcement FAQs.
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Related Topics & Key Terms
Key Terms:
Related Concepts
The National Do Not Call Registry is a federal program administered by the FTC that allows consumers to opt out of receiving unsolicited telemarketing calls, including calls from real estate agents soliciting business.
Brokers in Florida have strict responsibilities for managing escrow accounts, including monthly reconciliation and proper handling of trust funds.
FREC has the authority to impose fines and other disciplinary actions on licensees who violate real estate laws and rules.
More Practice Of Real Estate Questions
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