Exam (elaborations)
Gold Coast FINAL EXAM STUDY SET questions with answers
- Course
- Institution
Gold Coast FINAL EXAM STUDY SET questions with answers
[Show more]
Content preview
Gold Coast FINAL EXAM STUDY SET for4/11 -questions with answers
what are the the areas a realtor should be an expert in? - ANSWER: ➡ Marketing
o o o o o o o o o o o o o oo o
Valuation & Market Conditions o o o
Property Transfer o
"MVP"
Does one need to be a resident of the state or a citizen of the U.S. to get a FL real estate license? -
o o o o o o o o o o o o o o o o o o o o o o o
ANSWER: ➡ to get a FL real estate license, you don't need to be a citizen
o oo o o o o o o o o o o o o o o
What must an applicant for a real estate license do if he has been convicted of a crime? -
o o o o o o o o o o o o o o o o o o
ANSWER: ➡ must disclose all convictions
o oo o o o o
Employment - ANSWER: ➡ an associate can only have one employer at a time
o o oo o o o o o o o o o o
What's the grace period for a Sales associate's first renewal? Post Licensing - ANSWER: ➡ no
o o o o o o o o o o o o o oo o
grace period, void and null
o o o o o
Individuals who are exempt from licensure - ANSWER: ➡ Salaried Employees
o o o o o o o oo o o
How long can one stay involuntary inactive? - ANSWER: ➡ 2 years
o o o o o o o o oo o o
What happens to an associates license if a broker's license is void, suspended, or revoked? -
o o o o o o o o o o o o o o o
ANSWER: ➡ their license automatically becomes inactive
o oo o o o o o
, Multiple Licenses - ANSWER: ➡ issued only to active brokers if it is clearly shown that such
o o o oo o o o o o o o o o o o o
additional licenses are necessary to the conduct of legitimate business
o o o o o o o o o o
What is a Transaction broker - ANSWER: ➡ a broker who provides limited representation to a
o o o o o o oo o o o o o o o o
buyer, seller, or both, in a real estate transaction
o o o o o o o o o o
*not an AGENT* o o
Presenting Offers - ANSWER: ➡ must present all offers o o o oo o o o o
A broker is entitled to compensation if they... - ANSWER: ➡ bring a buyer who brings an offer
o o o o o o o o o oo o o o o o o o
the seller was looking for
o o o o o
Listing Contract - ANSWER: ➡ broker's employment contract that states the terms and
o o o oo o o o o o o o o
conditions that the broker must meet to become eligible for compensation
o o o o o o o o o o o
Referral Fees: o
I as the sellers agent promise kickback commission. Is this allowed? - ANSWER: ➡ yes, as long
o o o o o o o o o o o o oo o o o
as this is disclosed to all interested parties
o o o o o o o o
what if an attorney asks for a fee because they referred a client to you? - ANSWER: ➡ you
o o o o o o o o o o o o o o o o oo o
cannot give him a referral fee for sending you a client
o o o o o o o o o o o
Principal Brokerage office - ANSWER: ➡ -registration is good for 2 years
o o o o oo o o o o o o
-can switch locations o o
branch brokerage office - ANSWER: ➡ -registration is good for 2 years
o o o o oo o o o o o o
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 Fordenken. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $14.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
76667 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now