Exam (elaborations)
GOLDCOAST REAL ESTATE QUESTIONS AND ANSWERS 2024
- Course
- Institution
GOLDCOAST REAL ESTATE QUESTIONS AND ANSWERS 2024
[Show more]
Content preview
GOLDCOAST REAL ESTATEA sales associate failed to complete the required post-license education prior to
renewal. What is the status of the license? - ANSWERS-Void
How may a licensed sales associate be paid by their owner-developer? -
ANSWERS-On a commission or salary basis
What are the minimum employment requirements for a licensed sales associate
to qualify for a real estate brokers license? - ANSWERS-Employed for 24 months
under one or more actively licensed broker
A developer contracts to build a home according to the buyer's specifications.
This is an example of which type of building? - ANSWERS-Custom
The federal, state, and local governments all play a role in the regulation of real
estate. In which of the following areas would the local government have the most
impact? - ANSWERS-Property Taxes, Building Moratoriums, and zoning
Real estate licensees are expected to be knowledgeable in all of the following,
EXCEPT: - ANSWERS-Accounting
All of the following services require a real estate license, EXCEPT: - ANSWERS-
Mortgaging
,What must an applicant for a real estate license do if the have been convicted of a
crime? - ANSWERS-The applicant must disclose all convictions on the application
Which condition must exists for an applicant to qualify for a Florida real estate
license? - ANSWERS-The applicant must have a high school education or
equivalent
Which of the following statements best describes an attorney-in-fact? -
ANSWERS-An attorney in fact is authorized by a power of attorney to act for
another.
What is a brokers associate? - ANSWERS-A broker who is employed as a sales
associate
The Department of business and Professional Regulation has the authority to
issue all of the following, EXCEPT: - ANSWERS-An injunction
Which of the following entities issues real estate licenses? - ANSWERS-The
Department of Business and Professional Regulation
After being active in the real estate business for over five years, a licensee's
license expired on September 30th. What is the status of the license on October
1st? - ANSWERS-Involuntary Inactive
, What action may the Department take if it determines that an unlicensed person
has operated in violation of a law or rule under its administration? - ANSWERS-An
administrative fine of up to $5,000 may be imposed
A sales associate is employed by a broker Monday through Friday and for a
builder on the weekends. The sales associate feels the added experience is
beneficial especially since both employers pay an attractive commission split.
Which statement is correct? - ANSWERS-This arrangement violates the license law
The DBPR is created by which statute? - ANSWERS-F.S. 455
Who owes fiduciary duties in a single agency relationship? - ANSWERS-The broker
only
In which of the following situations does a general agency relationship exist? -
ANSWERS-When a sales associate is employed by a broker
Broker Joan just received an oral offer to purchase a listed property. No earnest
money accompanied the oral offer. Which of the following statements is correct?
- ANSWERS-Joan must present the offer.
Which of the following statements best describes a transaction broker? -
ANSWERS-A transaction broker may provide limited representation to both
parties.
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 Teacher101. 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)
74735 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now