Practice Quiz

Florida Real Estate Exam

Category - Florida

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Broker Larry has an agreement with a local Florida wireless phone provider.  The agreement stipulates that Larry will pay a $20 referral fee to the wireless provider for each prospective buyer referred to Larry.  Which of the following applies?

  1. This is a legal kickback or rebate.
  2. This is legal provided broker Larry informs each prospect of the agreement.
  3. Florida Real Estate Law prohibits all kickbacks and rebates.
  4. Broker Larry is in violation of Chapter 475, F.S., because he has promised to compensate an unlicensed person for the referral of real estate business.
Explanation
Answer D - It is illegal for a licensee to pay an unlicensed person any sum of money for the referral of real estate business.

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