Florida Real Estate Practice Exam

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Which statement about kickbacks is true?

  1. Only with a real estate license

  2. With broker approval and full knowledge of all parties

  3. To anyone referring a client

  4. Always illegal

The correct answer is: With broker approval and full knowledge of all parties

Option A is incorrect because kickbacks are not limited to the real estate industry and can occur in any business transaction. Option C is incorrect because the statement does not specify that kickbacks are limited to referrals, and can also include other forms of compensation for a successful transaction. Option D is incorrect because not all kickbacks are illegal, as long as they are properly disclosed and agreed upon by all parties involved. In the case of real estate, kickbacks are only illegal if they are not disclosed and approved by the broker.

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