1
MN580 UNIT 5 REAL EXAM PRACTICE QUESTIONS LATEST 2025
NEW UPDATE WITH VERIFIED SOLUTIONS BEST QUALITY EXAM
AND CURRENTLY TESTING AND GUARANTEED PASS WITH
GRADE A+
Indicate what information must be included in an advertisement for a listed property.
A) Name of the listing agent
B) Address of the brokerage office
C) Name of the brokerage firm - -answer--C
False advertising is a misdemeanor of the __________ degree. - -answer--Second
Someone owning and operating a ________________ and selling lots solely for use as burial
plots does NOT need a real estate license - -answer--cemetery
An auctioneer under the direction and supervision of an attorney or broker does NOT need a
________________ - -answer--real estate license
A brokerage office must be at least __________ enclosed room that will provide __________ to
conduct negotiations and close real estate transactions. - -answer--One, privacy
A broker may have an office in the broker's residence provided local _________ allows such
activity and the brooker's _______ is displayed at the entrance to the office. - -answer--Zoaning,
Sign
, 2
Registrations issued to branch offices are _____ transferable to a different _______. - -answer--
Not, Office
Sales associate are ______ permitted to open offices of their own. They must be registered from
and work out of an office maintained and registered in the name of their _________. - -answer--
Not, Employer
List three items that must be on all real estate office entrance signs: - -answer--1) Trade name (if
one)
2) Broker's name
3) "Licensed Real Estate Brooker" or "Lic Estate Broker"
If the sales associate names are listed on the office sign,
The names must be _________ the name of the broker.
There must be an observable _________ or __________ to separate the broker's name from the
associate's name, and
The _________ __________ must be included next to each associate's name. - -answer--Below
Space or Line
License Type
When advertising on an internet site, the __________ of the brokerage firm must appear
adjacent or to immediately above or below the _________ _______ _________ information. - -
answer--Name
Point of contact
, 3
The fine for violating the Telephone Consumer Protection Act is __________ per violation. - -
answer--16,000
The fine for violating Florida's telemarketing law is __________ per violation. - -answer--10,000
Telephone solicitation calls are restricted to the hours between _______ am and _______ pm. -
-answer--8 am
9 pm
List the Florida's financial institutions (3) that may be used to maintain a broker's escrow
account. - -answer--Commercial Bank
Credit Union
Savings association
The broker must be a _________ on the escrow account. - -answer--Signatory
If the broker chooses not to open an escrow account, the funds may be held by a ___________
___________ or in an ___________ ___________ __________. - -answer--Title company
Attorney's trust account
Sales associates must deliver escrow deposits to their broker by the end of the ___________
___________ ___________. - -answer--Next business day
Broker's must deposit escrow funds by the end of the ________ _________ _____________. - -
answer--Third business day
, 4
Broker's must maintain records of real estate transactions for ___________ years, regardless of
whether escrow funds were pledged (or _____________ years after litigation if beyond the five-
year period) - -answer--Five
Two
The broker must get ___________ ___________ from all parties to the contract before playing
funds into an interest-bearing escrow account. - -answer--Written permission
List all four settlement procedures. - -answer--1) Mediation
2)Arbitration
3)Litigation
4) EDO- Escrow Disbrusment Order
Broker must notify the commission in ____________ of conflicting demands or a good-faith
doubt within ________ ____________ days. - -answer--Writing
15 business days
A broker must institute one of the settlement procedures within ________ __________ days
from the time the broker ________ the conflicting demands. - -answer--30 business days
Received
A violation of the requirements for rental lists is a ____________ of the ________ degree. - -
answer--Misdemeanor
First
If the purchaser of the rental information does not find a suitable rental, the prospect is entitled
to a ___________ refund of the fee paid if requested within ___________ days of the date
indicated on the rental list receipts. - -answer--75%
MN580 UNIT 5 REAL EXAM PRACTICE QUESTIONS LATEST 2025
NEW UPDATE WITH VERIFIED SOLUTIONS BEST QUALITY EXAM
AND CURRENTLY TESTING AND GUARANTEED PASS WITH
GRADE A+
Indicate what information must be included in an advertisement for a listed property.
A) Name of the listing agent
B) Address of the brokerage office
C) Name of the brokerage firm - -answer--C
False advertising is a misdemeanor of the __________ degree. - -answer--Second
Someone owning and operating a ________________ and selling lots solely for use as burial
plots does NOT need a real estate license - -answer--cemetery
An auctioneer under the direction and supervision of an attorney or broker does NOT need a
________________ - -answer--real estate license
A brokerage office must be at least __________ enclosed room that will provide __________ to
conduct negotiations and close real estate transactions. - -answer--One, privacy
A broker may have an office in the broker's residence provided local _________ allows such
activity and the brooker's _______ is displayed at the entrance to the office. - -answer--Zoaning,
Sign
, 2
Registrations issued to branch offices are _____ transferable to a different _______. - -answer--
Not, Office
Sales associate are ______ permitted to open offices of their own. They must be registered from
and work out of an office maintained and registered in the name of their _________. - -answer--
Not, Employer
List three items that must be on all real estate office entrance signs: - -answer--1) Trade name (if
one)
2) Broker's name
3) "Licensed Real Estate Brooker" or "Lic Estate Broker"
If the sales associate names are listed on the office sign,
The names must be _________ the name of the broker.
There must be an observable _________ or __________ to separate the broker's name from the
associate's name, and
The _________ __________ must be included next to each associate's name. - -answer--Below
Space or Line
License Type
When advertising on an internet site, the __________ of the brokerage firm must appear
adjacent or to immediately above or below the _________ _______ _________ information. - -
answer--Name
Point of contact
, 3
The fine for violating the Telephone Consumer Protection Act is __________ per violation. - -
answer--16,000
The fine for violating Florida's telemarketing law is __________ per violation. - -answer--10,000
Telephone solicitation calls are restricted to the hours between _______ am and _______ pm. -
-answer--8 am
9 pm
List the Florida's financial institutions (3) that may be used to maintain a broker's escrow
account. - -answer--Commercial Bank
Credit Union
Savings association
The broker must be a _________ on the escrow account. - -answer--Signatory
If the broker chooses not to open an escrow account, the funds may be held by a ___________
___________ or in an ___________ ___________ __________. - -answer--Title company
Attorney's trust account
Sales associates must deliver escrow deposits to their broker by the end of the ___________
___________ ___________. - -answer--Next business day
Broker's must deposit escrow funds by the end of the ________ _________ _____________. - -
answer--Third business day
, 4
Broker's must maintain records of real estate transactions for ___________ years, regardless of
whether escrow funds were pledged (or _____________ years after litigation if beyond the five-
year period) - -answer--Five
Two
The broker must get ___________ ___________ from all parties to the contract before playing
funds into an interest-bearing escrow account. - -answer--Written permission
List all four settlement procedures. - -answer--1) Mediation
2)Arbitration
3)Litigation
4) EDO- Escrow Disbrusment Order
Broker must notify the commission in ____________ of conflicting demands or a good-faith
doubt within ________ ____________ days. - -answer--Writing
15 business days
A broker must institute one of the settlement procedures within ________ __________ days
from the time the broker ________ the conflicting demands. - -answer--30 business days
Received
A violation of the requirements for rental lists is a ____________ of the ________ degree. - -
answer--Misdemeanor
First
If the purchaser of the rental information does not find a suitable rental, the prospect is entitled
to a ___________ refund of the fee paid if requested within ___________ days of the date
indicated on the rental list receipts. - -answer--75%
