Florida Broker Practice Exam

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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!

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Which term refers to an individual who is qualified to hold a broker's license but operates as a sales associate?

Real Estate Investor
Broker Associate
Sales Agent
Property Manager

The correct answer is: Broker Associate

The term that best describes an individual who is qualified to hold a broker's license but operates as a sales associate is "Broker Associate." A Broker Associate has met the necessary educational and experience requirements to obtain a broker's license, yet chooses to work under the umbrella of a real estate brokerage as a sales associate rather than running their own brokerage. This role allows them to leverage their advanced qualifications while benefiting from the established framework of a brokerage, such as access to resources, clients, and marketing tools. This distinction is significant in the real estate industry, as it reflects a choice in career path, where the individual may prefer the collaboration and support available in a brokerage environment rather than the full responsibility that comes with operating as a principal broker. It’s a common and strategic decision that many licensed brokers make for various reasons, including a desire for stability or to focus primarily on sales rather than management.