Fl Gold Coast Real Estate Questions Already Passed

an agent failed to advise a principal regarding the value of the owner's property prior to accepting a listing. Which fiduciary duty did the agent breach? {Ans: disclosure}What action should a broker take if a commission dispute arises prior to closing? A. Return the deposit to the buyer or seller based on which party asks for it first B. withdraw the amount of the commission from the escrow account C. retain the exact amount of the disputed commission in the escrow account until the dispute is settled D. distribute the escrow funds according to the directions of the company attorney {Ans: C. retain the exact amount of the disputed commission in the escrow account until the dispute is settled}A real estate brokerage corporation must have at least ____ active broker serving as a(n) ______. {Ans: one, officer}the post-license education course for sales associates consists of ____ hours. {Ans: 45}What is contained in the definition of a residential transaction? {Ans: unimproved property intended for four units or fewer; agricultural properties of ten acres or less; leases with options to purchase all or a portion of improved property of four or fewer residential units}Which of the following