RE Broker Exam UPDATED Exam
Questions and CORRECT Answers
Broker Pre-Licensing Education requirement - CORRECT ANSWER - 72 hours and pass
exam of 70/100
Broker Post-Licensing Education Requirement - CORRECT ANSWER - 60 hours
Sales Person Pre-License Education Requirements - CORRECT ANSWER - 63 hours
Sales Person Post Lic. Education Requite - CORRECT ANSWER - 45 hours
How many days to notify for change of business address - CORRECT ANSWER - 10
Days
What is an ostensible partnership - CORRECT ANSWER - The appearance of a
partnership
Branch offices must be - CORRECT ANSWER - registered
Broker can open offices in another state IF? - CORRECT ANSWER - Complies with
requirements of Statutue 475 Florida
Signs/Advertisements MUST include - CORRECT ANSWER - Registered or Trade name
of the brokerage firm
HUD posters must be - CORRECT ANSWER - Posted in all offices or places of business
(sales office, etc.)
, Violations of Do not Call lists - CORRECT ANSWER - up to 10,000 fine
No calls before or after the hours of - CORRECT ANSWER - 8:00 am and 9:00 pm
Violation for calling before or after hours - CORRECT ANSWER - Up to 16000
Only Misdemeanor of 1st degee - CORRECT ANSWER - Rental list/information
violations
If rental list was materially deficient, client may request - CORRECT ANSWER - Full
refund if asked for within 30 days
At start up, new Broker should have _____ months of reserves - CORRECT ANSWER -6
months
A broker can place $_______ personal and $________brokerage funds in an escrow account? -
CORRECT ANSWER - $1,000 and $5,000
How long to deposit an escrow payment - CORRECT ANSWER - Within 3 business days
Sales associate must deliver to broker any checks for deposit by - CORRECT ANSWER -
Next business day
Books and records must be saved for at least - CORRECT ANSWER - 5 years
A commission dispute at closing, Broker MUST - CORRECT ANSWER - Set aside the
disputed amount in the escrow account until dispute is settled by agreement or court action
Questions and CORRECT Answers
Broker Pre-Licensing Education requirement - CORRECT ANSWER - 72 hours and pass
exam of 70/100
Broker Post-Licensing Education Requirement - CORRECT ANSWER - 60 hours
Sales Person Pre-License Education Requirements - CORRECT ANSWER - 63 hours
Sales Person Post Lic. Education Requite - CORRECT ANSWER - 45 hours
How many days to notify for change of business address - CORRECT ANSWER - 10
Days
What is an ostensible partnership - CORRECT ANSWER - The appearance of a
partnership
Branch offices must be - CORRECT ANSWER - registered
Broker can open offices in another state IF? - CORRECT ANSWER - Complies with
requirements of Statutue 475 Florida
Signs/Advertisements MUST include - CORRECT ANSWER - Registered or Trade name
of the brokerage firm
HUD posters must be - CORRECT ANSWER - Posted in all offices or places of business
(sales office, etc.)
, Violations of Do not Call lists - CORRECT ANSWER - up to 10,000 fine
No calls before or after the hours of - CORRECT ANSWER - 8:00 am and 9:00 pm
Violation for calling before or after hours - CORRECT ANSWER - Up to 16000
Only Misdemeanor of 1st degee - CORRECT ANSWER - Rental list/information
violations
If rental list was materially deficient, client may request - CORRECT ANSWER - Full
refund if asked for within 30 days
At start up, new Broker should have _____ months of reserves - CORRECT ANSWER -6
months
A broker can place $_______ personal and $________brokerage funds in an escrow account? -
CORRECT ANSWER - $1,000 and $5,000
How long to deposit an escrow payment - CORRECT ANSWER - Within 3 business days
Sales associate must deliver to broker any checks for deposit by - CORRECT ANSWER -
Next business day
Books and records must be saved for at least - CORRECT ANSWER - 5 years
A commission dispute at closing, Broker MUST - CORRECT ANSWER - Set aside the
disputed amount in the escrow account until dispute is settled by agreement or court action
