Florida Broker Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Prepare for the Florida Broker Exam. Study with interactive quizzes, flashcards, and multiple choice questions that include hints and explanations. Ace your exam and start your real estate career today!

Practice this question and more.

What is the primary purpose of a Multiple Listing Service (MLS)?

To control property prices
To share listings among brokers
To advertise properties to the public
To manage real estate transactions

The correct answer is: To share listings among brokers

The primary purpose of a Multiple Listing Service (MLS) is to facilitate cooperation among real estate professionals by sharing property listings. This system allows participating brokers to list available properties and access listings from other brokers, which enhances the market exposure for each property and promotes collaboration in the real estate market. By sharing listings, brokers can offer more options to their clients and improve the chance of selling properties more quickly. The MLS provides a comprehensive database of available properties that can be searched and accessed by licensed professionals, making it a vital tool in the real estate industry. The focus is on fostering an environment where brokers can work together to serve their clients more effectively. While managing real estate transactions, advertising, or controlling prices are related activities within the realm of real estate, they are not the primary focus of the MLS itself.