License Law and Brokerage Relationships Practice Question
Question
A transaction coordinator flags a compliance question in a Florida real estate transaction involving DBPR role. What should the licensee understand? (Item 314)
Answer choices
- A. Local custom controls even when a statute, regulation, contract, or disclosure rule applies.
- B. Distinguish administrative regulation from commission rulemaking concepts.
- C. The requirement matters only if the buyer uses lender financing.
- D. The salesperson may handle the matter independently without broker involvement when compensation is expected.
Correct Answer
B. Distinguish administrative regulation from commission rulemaking concepts.
Explanation
The correct answer is B because DBPR role requires candidates to distinguish administrative regulation from commission rulemaking concepts. 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: DBPR role