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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In Florida, which of these describes self-dealing?

A licensee lists her own property and informs all parties that she's licensed.
A licensee sells a property without broker supervision.
A licensee sells a property with the understanding that she will make all pertinent decisions on her client's behalf.
A licensee sells her own property for personal use without the knowledge of the principal broker.

The correct answer is: A licensee sells her own property for personal use without the knowledge of the principal broker.

Self-dealing refers to situations where a licensee uses her position to benefit themselves or a third party, rather than the client they represent. In this scenario, the licensee is selling her own property without the knowledge of the principal broker, which is a clear example of self-dealing. This act goes against the fiduciary duty owed to the client and can lead to legal repercussions. Option A is incorrect because the self-dealing is not disclosed. Option B is incorrect because there is no mention of self-dealing. Option C is incorrect because the licensee has not disclosed that she will be making decisions on her client's behalf.