Exam (elaborations)
Gold Coast Real Estate 2024/2025 (100% verified) graded A+ by experts
- Course
- Institution
Gold Coast Real Estate 2024/2025 (100% verified) graded A+ by experts
[Show more]
Content preview
Gold Coast Real EstateTract building - ANSWhen a dev. Acquired land, records a plat map and uses a model center
from which sales may be made
Local level - ANSPlanning, zoning, property taxation, building and health codes and
regulations, and building moratoriums that affect development play a significant role in the
cost and desirability of real estate
Broker associate - ANSA licensed broker working for another broker
False - ANSA florida real estate license applicant must be a resident and citizen (true or
false)
Application Denial - ANSYou have 21 days to send a formal letter to the department for a
hearing if:
One - ANSHow mang brokers can a sales or broker associate work for
Post license requirements - ANSNo grace period
Sales associate first renewal - ANSNo grace period
Exempt from licensure - ANSAttorney in fact/ Attorney at Law
Attorneys at law - ANSMy perform legal services on behalf ofntheir clients; they may prepare
documents, handle closings, and give legal advice.
Involuntary inactive - ANSAn individual who does not request renewal of their second or
subsequent lecense, pay the required fees, or maintain their continuing education
requirements will have their license placed in
2 years - ANSA license may remain in involuntary inactive status for no longer than
Special Agent - ANSA special agent is authorized under agency law by the employer to
perform a single act. The employment contract between the employer and agent establishes
the limit of authority granted
Presenting offers - ANSA broker has a buty to transmit any and all offers to the employer
including oral offers or offers made without a binder deposit
Limited - ANSA transaction broker provides what kind of representation
, Single agent - ANSthis agency relationship is created when a broker accepts employment
under a single agency agreement. A broker may represent a seller or buyer , or a landlord or
tenant.
Principal - ANSIn a single agency relationship, the employer becomes the
For sale By owner - ANSNon Representation or (No Brokerage Relationship can also be
called)
FSBO - ANSFor sale by owner can also be called
Stationary Construction - ANSAn active broker is required to have this open which must be
registered with the department of Business and Professional Regulation where Negotiations
and the closing of real estate transactions can be conducted with privacy
Others - ANSLicencees should make clear that they are dealing on their own account and
not acting on the behalf of
Public - ANSLicencees should make known their status as licencees to members of the
Serious negotiations - ANSThis Disclosure should be made prior to entering into
Deposit - ANSA form of Money, personal property, real property, or anything of value that is
capable of being converted into cash.
Closing - ANSTypically the deposit is intended as partial payment of the purchase price at?
Post dated checks - ANSAre considered to be promissory notes and can be accepted as
earnest money with the seller's approval.
True - ANSWhen a deposit is placed, or is to be placed, with a title company or an attorney,
the licensee who prepared or presented the sales contract must indicate on that contract the
name, address, and telephone number of the title company or attorney with whom the
deposit was placed (True or False)
Escrow or trust account - ANSMay be held in a commercial bank, title company which has
trust powers, credit union, or savings and loan association located in the state of Florida
cannot - ANSThe escrow account ______ be held in a stock or bond brokerage house
Commingle - ANSA broker is not allowed to _________ or deposit the personal funds of any
person with any funds being held in escrow, trust or on condition
Next business day - ANSA sales associate or broker associate who receives an earnest
money deposit on behalf of his or her employer must deliver the deposit to the employer no
later than the _________________ following the receipt
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Qualitydocs. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
67866 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now