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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True or false? A broker may charge a fee for a BPO

  1. True

  2. False

  3. Not applicable

  4. Depends on the state

The correct answer is: True

In general, a broker is allowed to charge a fee for a broker price opinion (BPO). This is a valuation of a property that can be used for various purposes like determining the market value or listing price. However, there may be specific state regulations or agreements between the broker and the client that could affect whether or not a fee can be charged for a BPO. Therefore, the correct answer is "True" as it is the most accurate and broad answer, while the other options are either not applicable or may depend on other factors.

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