FRESA - Florida Real Estate Sales Associate Exam

Question 21: A licensee in Kissimmee advertises a home as having a new roof when she knows the roof is fifteen years old, hoping the claim will draw more showings before buyers discover the truth. How does Florida treat that advertisement?

It is permitted if corrected before closing

It is fraudulent or misleading and prohibited

Permitted, since roofs get inspected

A matter for the listing service

Question 22: Three licensees in Boca Raton working under the same broker want to advertise as a team. Their broker explains that the rule requires one particular administrative step before the team may hold itself out to the public. Which step is required?

A designated licensee filed with the broker

Registration with the commission directly

A separate broker license each

Formation of a limited liability company

Question 23: A team in Fort Myers designs a billboard showing the team name in enormous letters across the top, with the registered brokerage name printed in small text along the bottom edge. Which requirement does that design violate on that billboard?

Team names may never appear on billboards

Team names must include the word associates

Team name larger than brokerage name

Billboards require prior commission approval

Question 24: A broker in Naples would rather not hold a large deposit in her own trust account on a complicated commercial transaction that may take months. Does Florida permit that money to sit with someone else, and on what condition?

No, brokers must always hold escrow themselves

Yes, in any buyer-selected account

Yes, with the seller's written agreement

Yes, with consent of all parties

Question 25: A broker in Tallahassee prepares her monthly trust account statement and lists the reconciled bank balances. Her auditor asks what else the rule requires that statement to include beyond the balances and the reconciliation date. Which element is required?

A copy of every canceled check

An itemized list of trust liabilities

A notarized affidavit from the bank

The commission's written approval

Question 26: A buyer in Miami timely cancels a condominium purchase contract under the statutory rescission right, and the seller nonetheless demands the deposit. The broker holding the money asks whether the conflicting demand procedures apply to this situation. Which answer is correct?

Yes, notice and settlement both apply

Yes, but only the notice requirement applies

No, timely condominium cancellation is excepted

No, because condominium deposits are never escrowed

Question 27: A broker in Ocala and both parties to a failed contract agree in writing to mediate their dispute over the escrowed deposit. How long does the statute allow that mediation to run before she must turn to another settlement procedure?

Thirty days from the last demand

Forty-five days from the last demand

Sixty days from the last demand

Ninety days from the last demand

Question 28: A broker in Palm Bay has brokerage records that became evidence in a civil lawsuit that concluded last year. She asks how long she must keep those particular records now that the litigation has ended. Which period governs those records?

One year after the conclusion

At least two years after the conclusion

Until the appeal deadline passes

They may be destroyed immediately

Question 29: A broker in Ocala is holding earnest money on a purchase of federally owned property acquired through a housing agency, and the parties make conflicting demands. She asks whether the usual rule-level escrow dispute procedure governs here. Which answer is right?

Yes, without exception of any kind

Yes, but the deadlines are doubled

No, all federal transactions are exempt

No, agency procedures control that money

Question 30: A sales associate in Sarasota is owed a commission after a residential closing and threatens to record a document against the seller's home unless the seller pays her directly. Her broker warns her about the license law. What does the law say?

Recording to coerce payment is a violation

The lien is valid once recorded

Only brokers may record such documents

Valid if the amount is accurate

Question 31: A sales associate in Naples believes a cooperating brokerage shorted her on a commission split and wants to sue that other firm directly for the money she says she earned on the transaction. What does the license law say?

She may sue any party who benefited

She may sue only with commission approval

She may sue after arbitration fails

She may sue only her registered employer

Question 32: A group of brokers in Orlando is choosing a legal form for a new brokerage and wants to know which structures the license law recognizes for registration as a real estate brokerage entity with the commission. Which answer is correct?

Only corporations may register

Partnerships, companies, and corporations

Only limited liability companies may register

Any structure recognized by another state

Question 33: A broker in Ocala practices alone under her own name, employs two sales associates, and has formed no company of any kind. Her instructor asks what business form she is operating under for licensing purposes. Which form is it?

A sole proprietorship

A limited liability company

A general partnership

An unregistered corporation

Question 34: A brokerage in Kissimmee sells rental listings to prospective tenants, and one tenant discovers that several addresses on her list were rented weeks earlier. She wants her money back from the brokerage in full. What does the statute provide?

Nothing once the list is delivered

One quarter of the fee

Half the fee within ten days

The entire fee within thirty days

Question 35: A licensee in Orlando repeatedly collects advance fees for rental lists and refuses every refund demand. Beyond disciplinary exposure before the commission, she asks what criminal classification the rental information statute carries. Which classification does the statute assign?

A second degree misdemeanor

A noncriminal violation

A first degree misdemeanor

A third degree felony

Question 36: A sales associate registered with the commission as Margaret Ellison advertises herself in all her listings using only the nickname Maggie, with no surname anywhere in the advertisement. Which advertising requirement has she overlooked in all of her listing advertising?

Nicknames may never appear in advertising

The last name as registered

Full legal names in every ad

Advertising names require commission approval

Question 37: A brokerage in Tampa organized as a corporation orders a new entrance sign showing the corporate name and the words identifying it as a licensed real estate brokerage. Her instructor says one further element is still required. Which element is it?

The name of one broker

The corporation's federal tax number

The names of all licensed associates

The date the corporation was formed

Question 38: A buyer's broker in Naples requested written verification that a title company had actually received the deposit called for by the purchase contract. What does the rule require her to do once that escrow holder responds to her request?

File the verification with the commission

Retain it without further action

Notify the seller's broker within ten days

Deliver it directly to the buyer only

Question 39: A broker in Ocala hires a friend who has no license to work as a sales associate, planning to supervise her closely and split commissions. The friend begins showing homes and writing offers for buyers immediately. What is the result?

Only the friend has violated

The broker violates by employing her

Neither has violated the law under supervision

The violation ends upon application

Question 40: A broker in Fort Myers relocates her main office across town and continues serving customers from the new address without filing anything. Her instructor warns that the license law addresses exactly this situation for brokers. What does the statute provide?

Nothing is required until the next renewal

Only the branch office rules apply here

Advance commission approval of the move

The license ceases until notice

FRESA Florida Real Estate Sales Associate Exam - Set 2 - Part 2