Florida License Law
An unlicensed person negotiates a real estate transaction in Florida for compensation. Under Chapter 475 F.S., this person is:
ASubject only to a warning from FREC
BGuilty of a third-degree felony✓ Correct
COnly subject to civil penalties
DExempt if acting on behalf of a licensed broker
Explanation
Under Chapter 475 F.S., unlicensed practice of real estate for compensation in Florida is a third-degree felony, punishable by up to 5 years imprisonment and/or a $5,000 fine.
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