RERA BROKER PREPARATION TEST 2026
QUESTIONS AND CORRECT ANSWERS
GRADED A+
● Single Agent Duties. Answer: Loyalty, Confidentiality, Obedience,
Disclosure, Accounting, Skill/Care/Diligence
● Transaction Broker Duties:. Answer: Honest & Fair, Accounting,
Skill/Care/Diligence, Present all offers, Limited confidentiality
● when must Agency disclosure happen. Answer: Before or at first
substantive contact
● responsible for escrow. Answer: Broker
● Personal funds allowed in escrow account. Answer: $1,000 for bank
charge
● Disputed escrow reported to FREC within. Answer: 15 business days
● Escrow Dispute options:. Answer: Mediation, Arbitration, EDO,
Interpleader, Mutual release
, ● Broker Responsibilities. Answer: ● Supervision of sales associates
● Advertising responsibility
● Records retention:. Answer: 5 years
● License term:. Answer: 2 years
● Expired less than 12 months:. Answer: Late renewal
● Expired greater than 12 months. Answer: Void license
● Broker entities options. Answer: Individual, LLC, Corporation,
Partnership (must register)
● Only ____________may be paid commission. Answer: brokers
● Sales associates are paid by____________ only. Answer: broker
● whose name must appear in all ads. Answer: Broker
● Sales associates cannot imply ownership in. Answer: advertising
QUESTIONS AND CORRECT ANSWERS
GRADED A+
● Single Agent Duties. Answer: Loyalty, Confidentiality, Obedience,
Disclosure, Accounting, Skill/Care/Diligence
● Transaction Broker Duties:. Answer: Honest & Fair, Accounting,
Skill/Care/Diligence, Present all offers, Limited confidentiality
● when must Agency disclosure happen. Answer: Before or at first
substantive contact
● responsible for escrow. Answer: Broker
● Personal funds allowed in escrow account. Answer: $1,000 for bank
charge
● Disputed escrow reported to FREC within. Answer: 15 business days
● Escrow Dispute options:. Answer: Mediation, Arbitration, EDO,
Interpleader, Mutual release
, ● Broker Responsibilities. Answer: ● Supervision of sales associates
● Advertising responsibility
● Records retention:. Answer: 5 years
● License term:. Answer: 2 years
● Expired less than 12 months:. Answer: Late renewal
● Expired greater than 12 months. Answer: Void license
● Broker entities options. Answer: Individual, LLC, Corporation,
Partnership (must register)
● Only ____________may be paid commission. Answer: brokers
● Sales associates are paid by____________ only. Answer: broker
● whose name must appear in all ads. Answer: Broker
● Sales associates cannot imply ownership in. Answer: advertising
