Florida Real Estate Practice Exam

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Prepare for your Florida Real Estate Exam with a comprehensive quiz featuring multiple-choice questions, hints, and detailed explanations. Gain the confidence you need to succeed in obtaining your real estate license!

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If condo owner Carol found her own buyer, would she owe Mardee a commission under their exclusive agency listing agreement?

No, because Carol is not a real estate licensee.
No, because Carol procured the buyer.
Yes, because they have an exclusive agency listing agreement.
Yes, but she only owes the listing commission.

The correct answer is: No, because Carol procured the buyer.

While it may seem like Carol would owe Mardee a commission since they have an exclusive agency listing agreement, the correct answer is actually B. This is because B states that Carol procured the buyer herself, meaning she found them without Mardee's help. Since Mardee did not bring the buyer to the table, she would not be entitled to a commission. Options A and D are incorrect because they both suggest that Carol would not owe Mardee a commission due to her status as a non-real estate licensee or the type of commission owed, respectively. Option C is incorrect because it does not take into account the fact that Carol procured the buyer on her own.