Florida Broker Practice Exam

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Prepare for the Florida Broker Exam. Study with interactive quizzes, flashcards, and multiple choice questions that include hints and explanations. Ace your exam and start your real estate career today!

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In a general partnership with only one active broker, how long do they have to replace the broker who can no longer serve?

30 days
14 days
7 days
21 days

The correct answer is: 14 days

In the context of a general partnership within the real estate industry, if the active broker is unable to continue their duties, there is a specified timeframe within which the partnership must replace that broker to ensure compliance with state regulations. The correct answer is 14 days, which is outlined in Florida's real estate statutes. This requirement is crucial because it helps maintain the integrity and operation of the brokerage as well as ensures adherence to legal standards and continued service for clients. The 14-day period allows the partnership enough time to find a suitable replacement while emphasizing the need for continuity in oversight and operations within the brokerage, preventing potential disruptions in business and upholding the standards expected in real estate practices.