Practice Quiz

Florida Real Estate Exam

Category - Florida

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The Franchise Investment Law is written primarily for the protection of:

  1. Franchisees and/or sub-franchisers who have purchased rights to an exclusive geographic territory
  2. Stockholders of franchiser corporations with a net worth of less than $500,000
  3. Prospective franchisees when considering the purchase of a franchise
  4. None of the above
Explanation
Answer C - In the attempt to provide full knowledge concerning the franchise, the law requires extensive disclosures to prospective franchises prior to the signing of the contract to purchase. It does not protect stockholders or deal with territorial matters.

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