A sales associate may collect money in connection with a real estate transaction only under which condition?

Prepare for the Florida 45 Hour Post License Exam! Study flashcards and multiple choice questions with hints and explanations. Get exam-ready now!

A sales associate may collect money in connection with a real estate transaction only in the name of their employer because real estate regulations require that all funds collected in related transactions be held by the broker for whom the sales associate works. This ensures that the money is managed according to the proper legal and ethical guidelines, protecting the interests of both the clients and the sales associates. Collecting money in the name of their employer also upholds the integrity of the transaction and complies with the legal obligation that sales associates act under the supervision and authority of their appointed broker. This arrangement helps prevent mishandling of funds and promotes trust between all parties involved in the real estate transaction.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy