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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What licenses a broker to work at his own firm and as a broker associate at another firm in Florida?

This is illegal.
Only with exclusive permission from both firms.
As long as the broker has permission from the sponsoring broker and files with the DBPR.
If the broker does not involve in sales.

The correct answer is: As long as the broker has permission from the sponsoring broker and files with the DBPR.

A broker in Florida can work at both their own firm and another firm as a broker associate as long as they have permission from their sponsoring broker and have filed with the Department of Business and Professional Regulation (DBPR). This ensures that all parties are aware of the broker's dual employment and allows for proper licensing and record-keeping. Option A is incorrect as it is not necessarily illegal, as long as the proper steps are taken. Option B is incorrect as exclusive permission is not required from both firms, but rather the sponsoring broker. Option D is incorrect as a broker's involvement in sales has no impact on their ability to work at multiple firms.