Agency
In Florida, a licensee who works as a buyer's agent for a buyer who is purchasing a property listed by a different brokerage is typically compensated through:
AA direct fee from FREC
BA cooperative commission offered by the listing broker (or negotiated directly with the buyer)✓ Correct
CThe seller's lender
DA government buyer assistance program
Explanation
In Florida, buyer's agents are typically compensated through a cooperative commission offered by the listing broker in the MLS, or through a buyer's agent compensation agreement directly with the buyer.
Related Florida Agency Questions
- In Florida, an ostensible agency (also called 'apparent agency') can be created when:
- Under Florida law, when a single agent broker transitions to a transaction broker in the same transaction, this requires:
- In Florida, the listing broker's duty to present offers continues until:
- A Florida listing broker receives two offers simultaneously — one full price and one below list. The broker must:
- In Florida, a 'transaction broker' owes which of the following duties to both buyer and seller?
- When a Florida buyer's agent prepares a comparative market analysis (CMA) for the buyer, this is considered:
- In Florida, the duty of 'obedience' owed by a single agent means:
- In Florida, a 'transaction broker' owes which of the following duties to both parties?
Practice More Florida Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Florida Quiz →