Exam (elaborations)
GOLD COAST REAL ESTATE EXAM QUESTIONS AND ANSWERS 2024
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GOLD COAST REAL ESTATE EXAM QUESTIONS AND ANSWERS 2024
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GOLD COAST REAL ESTATE EXAMApplication Denial - ANSWERS-You have 21 days to send a formal letter to the
department for a hearing if:
One - ANSWERS-How mang brokers can a sales or broker associate work for
Post license requirements - ANSWERS-No grace period
Sales associate first renewal - ANSWERS-No grace period
Tract building - ANSWERS-When a dev. Acquired land, records a plat map and
uses a model center from which sales may be made
Local level - ANSWERS-Planning, 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 - ANSWERS-A licensed broker working for another broker
False - ANSWERS-A florida real estate license applicant must be a resident and
citizen (true or false)
,Exempt from licensure - ANSWERS-Attorney in fact/ Attorney at Law
Attorneys at law - ANSWERS-My perform legal services on behalf ofntheir clients;
they may prepare documents, handle closings, and give legal advice.
Involuntary inactive - ANSWERS-An 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 - ANSWERS-A license may remain in involuntary inactive status for no
longer than
Special Agent - ANSWERS-A 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 - ANSWERS-A broker has a buty to transmit any and all offers to
the employer including oral offers or offers made without a binder deposit
Limited - ANSWERS-A transaction broker provides what kind of representation
Single agent - ANSWERS-this 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 - ANSWERS-In a single agency relationship, the employer becomes the
For sale By owner - ANSWERS-Non Representation or (No Brokerage Relationship
can also be called)
FSBO - ANSWERS-For sale by owner can also be called
Stationary Construction - ANSWERS-An 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 - ANSWERS-Licencees should make clear that they are dealing on their
own account and not acting on the behalf of
Public - ANSWERS-Licencees should make known their status as licencees to
members of the
Serious negotiations - ANSWERS-This Disclosure should be made prior to entering
into
Deposit - ANSWERS-A form of Money, personal property, real property, or
anything of value that is capable of being converted into cash.
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