License Law & RulesCâu 29 / 120
Escrow funds held by a broker must generally be:
a.Kept in a separate trust or escrow account, not commingled with the broker's own funds
b.Deposited into the broker's personal checking account
c.Immediately paid to the seller upon receipt
d.Loaned to the buyer for closing costs
Giải thích
Brokers must place escrowed funds, such as earnest money deposits, into a designated trust or escrow account and must not commingle them with personal or operating funds. Florida law sets specific timeframes for deposit. Improper handling of escrow funds is a common cause of discipline.
Luyện miễn phí toàn bộ 120 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- Under Florida law, a sales associate must perform licensed real estate activities under the supervision of:
- A real estate licensee who represents a buyer or seller with limited representation, not as a fiduciary, is acting as a:
- Which of the following is one of the duties a Florida single agent owes that a transaction broker does not?
- Commingling, a violation of Florida real estate law, refers to:
- To be eligible for an initial Florida sales associate license, an applicant must generally be at least:
- Which of the following actions by a licensee would most likely be grounds for disciplinary action by FREC?
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Đội Ngũ Biên Tập PrepPass · Đối chiếu với Florida Real Estate Sales Associate Licensing Exam · Quy trình kiểm tra