Florida Broker Practice Exam

If a broker provides rental information to a prospective tenant for a fee, what must the broker provide to the tenant?

1. A rental agreement

2. A contract or receipt with specific provisions

3. A verbal agreement

4. A notification of available rentals

The correct answer is: A contract or receipt with specific provisions

When a broker provides rental information to a prospective tenant for a fee, it is essential to give the tenant a contract or receipt that includes specific provisions. This requirement is rooted in the need for transparency and protection for both the broker and the tenant. The contract or receipt must outline details such as the nature of the services provided, the amount charged, and any other relevant terms and conditions. By doing so, it ensures that the tenant is fully informed about the transaction, which helps to avoid any misunderstandings or disputes in the future. This documentation is also important because it serves as evidence of the transaction, potentially protecting both parties if any issues arise. The requirement for a written record is a standard practice in real estate transactions, aligning with regulations designed to promote accountability and professionalism within the industry. In contrast, options like a rental agreement, verbal agreements, or merely notifying of available rentals do not meet the legal and practical standards set for services rendered in exchange for a fee in this context. A rental agreement typically involves a lease contract between a landlord and a tenant but does not pertain directly to the obligation of the broker when providing information for a fee. Verbal agreements lack the formal documentation necessary for such transactions, leaving both parties without a reliable reference point if