A trade name must be registered with the ____ ___ ___at the department of State - correct answer Division of corporations
A sales associate can be a
... [Show More] stockholder in a brokerage corporation but may not be a ___ or ___ - correct answer Officer, director
A real estate brokerage corporation must have at least ___ active broker serving as a ___ - correct answer 1, officer
Anyone, whether licensed or not, can be a ___ ___ in a real estate brokerage limited partnership - correct answer Limited partner
The party who holds title to corporation sole property is called the ___ ___ - correct answer Sole titleholder
two or more brokers who shared office space but do not maintain their separate status as independent brokers could be charged as being____ ___ - correct answer Ostensible partners
a sales associate in a broker associate must report any and change of employer or address change to the department within ___ days on a form prescribed for such use - correct answer 10
when a broker has conflicting demands for funds held in escrow, he or she must report such conflict to the commission within ___ days - correct answer 15
a broker who feels he or she is entitled to some or all of escrow funds that are the subject of a dispute may submit the dispute into the court by filing a action for a ___ ___ - correct answer Declaratory decree
A broker who places business or personal funds with escrowed funds has committed a form of fraud called ___ - correct answer Commingling
A brokerage firm that operates under a fictitious name is required to register the name with the ___, or ___ - correct answer Department, dbpr
Fraud can occur _______ or _________. - correct answer Accidently or Inadvertantly
if rental information is sold to a prospective tenant, and the information is found to be materially incorrect, the applicant May request a refund of ___ , provided the request is made within ___ days of the date of the contract - correct answer 100%, 30 days
a broker is responsible for the actions of their ___ or ___, regardless of whether or not the broker new about the actions - correct answer Partners, employees
a sales associate licensed with a real estate brokerage corporation can be which of the following?
a. In officer
B. Stockholder
C. A director
D. In officer and a director - correct answer B. A stockholder
6 individuals decide to form a real estate brokerage partnership. All six individuals are planning to be active in real estate sales. Which of the following statements best applies?
A. The partnership must be registered with the department, and all six partners must be active real estate brokers
b. At least one partner must be licensed as an active broker
C. Only two partners must have a real estate license
d. A partnership cannot be formed as a brokerage business - correct answer A. The partnership must be registered with the department and all six must be active real estate brokers
which of the following statements is correct regarding a licensed broker associate who is with a real estate brokerage partnership? [Show Less]