Florida Real Estate Practice Exam

Which statement is false regarding mutual recognition agreements?

1. The agreements are intended to recognize the education and experience that real estate licensees have acquired in other states or nations

2. Mutual recognition applicants are required to take an examination on Florida real estate laws

3. Mutual recognition applicants may be Florida residents or non-residents

4. Mutual agreements allow Florida real estate licenses to have an equal opportunity for licensure in jurisdictions with which agreements are concluded

The correct answer is: Mutual recognition applicants may be Florida residents or non-residents

Florida's mutual recognition agreements allow for real estate licensees from other states or nations to apply for a Florida real estate license without having to meet all the usual requirements. However, it is false that mutual recognition applicants can be both Florida residents and non-residents. They must be non-residents in order to apply for a Florida real estate license under a mutual recognition agreement. Options A, B, and D are all true statements about mutual recognition agreements, making option C the only false statement.