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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Whom must sales associates receive their commission from?

  1. A licensed real estate agency

  2. Only from clients directly

  3. The broker or employer

  4. Multiple listing services

The correct answer is: The broker or employer

Sales associates must receive their commission from their broker or employer because this aligns with the regulatory framework governing real estate transactions. In Florida, all licensed real estate professionals, including sales associates, work under the auspices of a broker. The broker holds the license and has the legal authority to manage transactions and collect commission from clients. Therefore, sales associates are compensated through the broker who, in turn, can pay them a portion of the commission earned on a transaction. Receiving commission directly from clients or through other means is not permissible. It ensures that transactions adhere to the state laws and ethical practices governing real estate, providing a clear chain of accountability and responsibility in the financial aspects of real estate transactions.

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