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 must sales associates possess in order to receive a commission from an owner developer?

An active real estate license
A broker's license
Employment contract
Continuing education certificate

The correct answer is: An active real estate license

To receive a commission from an owner developer, sales associates must possess an active real estate license. This requirement ensures that the sales associates are legally authorized to engage in real estate transactions and receive compensation for their services. An active license signifies that the individual has completed the necessary education and met all the regulatory requirements set forth by the Florida Real Estate Commission. While other factors, such as an employment contract, can play a role in the relationship between the sales associate and the owner developer, the primary condition for earning a commission is having that active license. It is also important to note that a broker's license is not mandatory for sales associates since they operate under the supervision of a licensed broker. Additionally, continuing education certificates are not a prerequisite for commission eligibility and are focused more on license renewal and maintenance of knowledge in the field.