Practice Quiz

Florida Real Estate Exam

Category - Florida

Start a Study Session Sign up for Question of the Day
A subdivider purchases 20 acres of land and erects a number of tract homes.  She does not hold a real estate license but, to keep things in the family, she wants to pay her son direct for selling the houses:

  1. The son could sell homes in the mother's subdivision and collect a direct commission if he has a salesman's license.
  2. The son could sell homes in the mother's subdivision if he has a Real estate broker's license.
  3. The son needs no real estate license since this is his mother's subdivision.
  4. The son must hold a Real property securities license.
Explanation
Answer B - The blood relationship of mother to son has no bearing on this situation. If a subdivider wishes to pay compensation to a person for selling homes in his/her subdivision, the law requires that the person he/she employs must have a real estate broker license.

Previous Next
Was this helpful? Upvote!
Login to contribute your own answer or details
Start a Study Session Sign up for Question of the Day

Top questions

Related questions

Most popular on PracticeQuiz