If a person provides real estate services without compensation, what license requirements apply?

If a person provides real estate services without compensation, what license requirements apply?

• A. Must hold a broker license
• B. Must hold a sales associate license
• C. No license is required
• D. Must have a real estate license

Answer: (C)

When a person provides real estate services without compensation, they may not be subject to the usual licensing requirements that apply when real estate services are performed for a fee. In Florida, the law stipulates that a real estate license is typically required for individuals who engage in activities such as buying, selling, or leasing real estate for others, but if no compensation is involved, the legal requirement to hold a license does not apply. This means that an individual can assist friends or family with real estate matters without needing to be licensed as long as they do not receive any form of payment or commission for their services. It’s important to note that while one may not need a license in these circumstances, if they were to start accepting compensation for those services, they would then be required to obtain the appropriate real estate license to ensure compliance with Florida real estate laws.

When a person provides real estate services without compensation, they may not be subject to the usual licensing requirements that apply when real estate services are performed for a fee. In Florida, the law stipulates that a real estate license is typically required for individuals who engage in activities such as buying, selling, or leasing real estate for others, but if no compensation is involved, the legal requirement to hold a license does not apply.

This means that an individual can assist friends or family with real estate matters without needing to be licensed as long as they do not receive any form of payment or commission for their services. It’s important to note that while one may not need a license in these circumstances, if they were to start accepting compensation for those services, they would then be required to obtain the appropriate real estate license to ensure compliance with Florida real estate laws.