License Law and Brokerage Relationships Practice Question
Question
A license applicant is comparing two similar real estate concepts in a Florida real estate transaction involving transaction broker duties. Which statement is the best answer? (Item 6)
Answer choices
- A. The requirement matters only if the buyer uses lender financing.
- B. Recognize limited representation duties in Florida practice.
- C. The salesperson may handle the matter independently without broker involvement when compensation is expected.
- D. Local custom controls even when a statute, regulation, contract, or disclosure rule applies.
Correct Answer
B. Recognize limited representation duties in Florida practice.
Explanation
The correct answer is B because transaction broker duties requires candidates to recognize limited representation duties in Florida practice. The other options rely on unsafe assumptions about custom, oral agreement, escrow, client preference, or independent salesperson authority and do not reflect sound Florida exam practice.
Question details
- Difficulty: medium
- Domain: License Law and Brokerage Relationships
- Objective: transaction broker duties