Florida Real Estate Practice Exam

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Prepare for your Florida Real Estate Exam with a comprehensive quiz featuring multiple-choice questions, hints, and detailed explanations. Gain the confidence you need to succeed in obtaining your real estate license!

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Designated sales associates can be assigned in a non-residential transaction if:

FREC appoints them
The broker signs off on it
The buyer and seller each have assets of more than 1 million dollars
A no broker relationship is signed

The correct answer is: The buyer and seller each have assets of more than 1 million dollars

In a non-residential transaction, designated sales associates can only be assigned if the buyer and seller have assets of more than 1 million dollars. This means that option A, where FREC (Florida Real Estate Commission) appoints the designated sales associate, is not correct. Option B, where the broker approves the designated sales associate, is also not correct as it does not specify the asset requirement. Option D, where a no broker relationship is signed, is also not correct as it is not a requirement for a designated sales associate. Only option C accurately states the statement that must be met for a designated sales associate to be assigned in a non-residential transaction.