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 percentage of the fee must a broker refund a tenant who fails to obtain a rental, upon request within 30 days?

50%
75%
100%
25%

The correct answer is: 75%

The correct percentage of the fee that a broker must refund to a tenant who fails to obtain a rental, upon request within 30 days, is indeed 75%. This requirement is in place to ensure that tenants who engage with a broker for rental assistance have a level of financial protection. The rationale behind this regulation is to provide a fair opportunity to prospects who may not find a suitable rental property after paying a fee. The 75% refund reflects a balance between compensating the broker for their time and effort while also ensuring that tenants are not at a total loss when their search does not yield results. This policy promotes trust and transparency in the rental process, facilitating an ethical brokerage practice within Florida's real estate environment.