A Florida real estate sales associate prepares a contract for the sale of a commercial property. The contract includes a provision that the buyer will pay the sales associate a $5,000 bonus directly upon closing. Under F.S. Chapter 475, what is the status of this provision?
Correct Answer
C) Void because sales associates cannot receive direct compensation from buyers
Correct: C - Under F.S. 475, sales associates cannot receive compensation directly from buyers or sellers; all compensation must go through their employing broker. This provision would be void. Why not A: Disclosure doesn't cure the statutory violation. Why not B: FREC cannot approve violations of statute. Why not D: Even broker approval cannot override the statutory requirement.
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