Florida Real Estate MCQs Paper 10

Sales associate Karen receives an earnest money deposit from a buyer on Tuesday. What is the deadline for her to get the money to her broker?

Sales associate Sandy receives an earnest money deposit from a buyer on Monday. What is the deadline for the broker to properly deposit the funds into an escrow account?

After a broker has received conflicting demands for escrowed funds, if holding the escrow the broker must notify the Florida Real Estate Commission within how many days?

In order to resolve a dispute over an earnest money deposit, a broker can request an Escrow Disbursement Order from which of the following:

If a buyer makes an earnest money deposit check payable to a broker associate, how should the broker associate handle this situation?

Ed purchased a rental list from a Florida broker for $100.00. After visiting all the rental properties stated on the list, Ed decided not to move from his present apartment. The next day, Ed verbally requested a 100% refund. Which of the following statements best describes Eds legal rights?

Which type of agency is a fiduciary relationship?

Which of the following would be considered a residential sale?
I. Single family home
II. 5 acre farm
III. Vacant land zoned residential
IV. Duplex

When should the "No Brokerage Relationship Notice" be given to a prospective buyer or seller?

Broker Rita accepts a listing from Seller Bill who instructs Rita not to show his house to any prospective buyers before 9:00 a.m. One day, Rita has a potential buyer, but he wants to see the house at 8:00 a.m. because he is leaving town that morning. How should Rita handle this situation?