License Law & RulesCâu 40 / 120
The Florida Real Estate Recovery Fund exists primarily to:
a.Pay licensees when commissions go unpaid by brokers
b.Fund advertising for the real estate industry
c.Provide loans to first-time homebuyers
d.Reimburse consumers who obtain a court judgment for a licensee's wrongdoing that cannot be collected
Giải thích
The Recovery Fund reimburses members of the public who have suffered monetary damages from a licensee's fraud or similar act and hold an uncollectible court judgment. Payment from the fund can lead to automatic suspension of the offending licensee. Recovery is subject to statutory limits per transaction and licensee.
Luyện miễn phí toàn bộ 120 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- An 'earnest money deposit' delivered by a buyer with an offer is typically held by the:
- A licensee who tells a buyer that a home 'has the best view in the county' is most likely engaging in:
- Under Florida law, when must a single agent disclosure or transaction broker notice generally be provided?
- A licensee's failure to renew a license before its expiration generally results in the license becoming:
- Which of the following best describes a 'designated sales associate' arrangement permitted in Florida?
- Advertising by a Florida licensee must generally:
Cập nhật gần nhất: · quy trình kiểm tra
Đội Ngũ Biên Tập PrepPass · Đối chiếu với Florida Real Estate Sales Associate Licensing Exam · Quy trình kiểm tra