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Bob Hogue - Pre Lic. Test Questions and Answers 100% Pass
What is the required continuing education for a Florida real estate licensee?
- ✔✔14 hours every two years
- 20 hours every year
- 30 hours every five years
- 10 hours every year
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What is a characteristic of a fiduciary relationship?
- Casual advice
- ✔✔Loyalty and confidentiality
- Limited representation
- No obligation
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If a seller provides false information about a property’s condition, the real estate agent may be guilty of what?
- Misrepresentation
- ✔✔Fraud
- Negligence
- Puffing
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Which of the following contracts must be in writing to be enforceable?
- A lease agreement for six months
- ✔✔A sales contract for the purchase of real estate
- An oral agreement to sell furniture
- A contract for services
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What is the definition of a "brokerage relationship disclosure"? 2 / 4
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- An agreement to split commissions
- ✔✔A form explaining the agent’s duties to the buyer or seller
- A detailed summary of property values
- A guarantee of a sale
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What does the term "commingling" mean in real estate?
- Combining personal funds for marketing
- ✔✔Mixing broker’s funds with client’s escrow funds
- Splitting commissions between brokers
- Sharing client information with third parties
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What must a sales associate do with escrow funds received?
- Deposit them immediately into a personal account
- ✔✔Give them to their broker by the end of the next business day 3 / 4
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- Hold onto them until the transaction closes
- Return them to the buyer
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Which of the following is an example of "dual agency"?
- Representing only the seller
- ✔✔Representing both the buyer and the seller in the same transaction
- Working with two different sellers
- Acting as a transaction broker for both parties
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How long does a buyer have to cancel a condominium contract after receiving the condo documents?
- ✔✔3 business days
- 7 days
- 10 days
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