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Goldcoast School of Real Estate Final Exam Questions and Answers (Latest Update 2024)
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Goldcoast School of Real Estate Final Exam Questions and Answers (Latest Update 2024)
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Goldcoast School of Real Estate FinalExam Questions and Answers (Latest
Update 2024)
When the licensee fails to complete the required continuing
education and thereby cannot renew their license. - Correct
Answer ✅Involuntarily Inactive
Under certain situations, licensees can have more than one
license; A Multiple license can exist if a broker has business of
such a nature that more than one broker's license is needed
for legitimate business purposes and not be harmful to the
public. A broker can have multiple brokers' licenses if he
manages more than one brokerage firm. A broker can not be
licensed as either a sales associate or a broker sales
associate at the same time he holds a broker's license. -
Correct Answer ✅Multiple Licenses
Non-agency (neutral) representation whereby the Broker (or
via his salespersons) does not represent the parties, but
serves as a "facilitator", making required disclosures and
giving required notices, as well as seeing to all necessary
contracts and paperwork needed to prepare for closing. The
broker does not advocate or advise the parties as to offers.
Anything in which the broker has "actual knowledge" or
, Goldcoast School of Real Estate Final
Exam Questions and Answers (Latest
Update 2024)
"notice" of is his duty to the client. - Correct Answer
✅Transaction Brokerage
A broker cannot accept or reject an offer on behalf of his or
her employer. - Correct Answer ✅Presenting Offers
An employment agreement between an owner and broker
defining the duties and rights of both parties. (Unilateral
contract) - Correct Answer ✅Listing Contract
Members and candidates must disclose to employers and to
affected clients, before entering into any formal agreement
for services, any benefits received for the recommendation of
services provided by the member. - Correct Answer
✅Referral Fees
closed and later reopened in the same location during the
same two-year period, may reissue a license. If moved, new
application for registration and payment of proper fee are
required. - Correct Answer ✅Branch Office
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