EXAM || MOST RECENT EXAM 2026-2027 ACTUAL COMPLETE
REAL EXAM QUESTIONS AND CORRECT ANSWERS (EXPERTLY
VERIFIED ANSWERS) ALREADY GRADED A+ | GUARANTEED
SUCCESS!! NEWEST EXAM | JUST RELEASED!!
Who can a florida realtor not pay commission to -
ANSWER-Unlicensed
individuals
Blind ads - ANSWER-Illegal advertisements that does not
contain registered /
trade name of
broker
Branch office requirements - ANSWER-Must be registered
individually as
branch office with
fee paid
$2100- per
office
Advertising - ANSWER-Must include the registered name or
trade name of the
,brokerage firm- broker responsible
for content
Principal Office Requirements - ANSWER-Must consist of at
least one enclosed room in a building of stationary
construction where negotiations and the closing of real estate
transactions can be conducted with privacy.
Earnest Money deposits - ANSWER-Down payment
Post dated checks - ANSWER-Are considered to be promissory
notes and can
be accepted as earnest money with the
seller's approval.
escrow account - ANSWER-a trust account held in
commercial bank, title
company trust powers, credit ynion or
savings and loans
Cannot be held in a stock or bond
brokerage house-
Account which cannot conmingle funds - ANSWER-Escrow
account
How many days does a broker have to deposit money
deposit in escrow -
ANSWER-No later than 3rd
business day
, Sales associate who receives deposit must deliver to
employer no later than -
ANSWER-Next
business day
Escrow dispute - ANSWER-conflicting requests in which the
buyer and seller
demand that the broker release
escrowed funds.
litigation - ANSWER-Bill of interpleader
sole proprietor - ANSWER-A business owned by one person
sole proprietor broker - ANSWER-Can register and operate
as a real estate
broker if he or she has a current active and valid
broker's license
General Partnership - ANSWER-Business formation in
which two or more
people agree to share profits or losses of
a business
Real estate broker partnership - ANSWER-At least One broker
licensed as an
active broker and be registered with
department