License Law & RulesQuestion 36 of 120
Which of the following individuals generally must hold a real estate license to be paid a commission for the activity described?
a.An owner selling their own personal residence
b.A licensed attorney handling a client's legal matter within their practice
c.A salaried apartment manager renting units of their employer
d.A person who, for another and for compensation, negotiates the sale of real estate
Explanation
Florida law requires a license for anyone who, for another and for compensation, performs real estate services such as selling, buying, leasing, or negotiating. Certain parties are exempt, including owners selling their own property and attorneys acting within their practice. The compensation-for-another element is key to the license requirement.
Practice all 120 questions free — no signup required.
Related questions on this topic
- A Florida broker who wishes to open a real estate office must:
- The purpose of continuing education requirements for Florida real estate licensees is primarily to:
- If a broker's escrow account has conflicting demands from a buyer and seller over a disputed deposit, Florida law allows the broker to use several settlement procedures, including:
- 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?
Last reviewed: · editorial process
PrepPass Editorial Team · Verified against Florida Real Estate Sales Associate Licensing Exam · How we review