Florida Broker Practice Exam

Which of the following must be true for a manager preparing rental agreements to be exempt from licensure?

1. Agreements must be over 2 years

2. Agreements must be for less than 1 year

3. Agreements must be in writing

4. Agreements must be signed by a licensed broker

The correct answer is: Agreements must be for less than 1 year

For a manager preparing rental agreements to qualify for an exemption from licensure in Florida, the key criterion is that the agreements must be for less than one year. This exemption is applicable because the law recognizes that short-term rental agreements typically do not involve the complexities and commitments associated with long-term leases. When rental agreements are for a duration of less than one year, they are considered to fall outside the purview of activities that necessitate a real estate license. This enables property managers or landlords to handle these agreements without the additional regulatory requirements that licensees must adhere to. In contrast, agreements exceeding one year would generally require licensure, as managing longer-term leases involves a wider range of services and responsibilities typically associated with licensed real estate practices. The other options do not stipulate conditions that provide exemptions under Florida law, reinforcing that the specific duration of the lease—being less than one year—serves as the determining factor for the exemption from licensure.