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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What must brokers do after making a written request for verification of the deposit?

Wait for the buyer's response
Provide the seller's broker with a copy of the written verification
Cash the check immediately
Notify the FREC about the deposit

The correct answer is: Provide the seller's broker with a copy of the written verification

After making a written request for verification of the deposit, brokers are required to provide the seller's broker with a copy of the written verification. This action is important because it ensures transparency and accountability in real estate transactions. By sharing the verification, both brokers can confirm that the deposit has been received and is being held properly, which safeguards the interests of all parties involved in the transaction. This communication helps prevent misunderstandings regarding the status of the deposit and fosters trust between the involved brokers. Providing this verification is part of the expected professional conduct that helps maintain the integrity of real estate operations. It also aligns with the best practices in real estate transactions, ensuring that all parties have the necessary documentation related to the transaction's financial aspects.