Florida Broker Practice Exam

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What is the penalty for unlicensed practice of real estate for compensation?

  1. Fines of up to $1,000

  2. Felony of the 3rd degree

  3. License denial

  4. Probation for 5 years

The correct answer is: Felony of the 3rd degree

The penalty for unlicensed practice of real estate for compensation is classified as a felony of the third degree in Florida. This is a serious legal consequence, reflecting the state's strong stance on the necessity of licensing to protect the integrity of the real estate profession and to ensure consumer protection. Engaging in real estate activities without a proper license not only undermines regulatory standards but also poses risks to consumers who may not receive the professional representation and knowledge required in real estate transactions. This classification as a felony emphasizes the importance of compliance with licensing laws in the real estate industry, marking unlicensed activity as a significant violation that warrants severe penalties. Other options, while they may represent various administrative penalties, do not align with the strict legal ramifications for practicing real estate without appropriate licensing.

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