Gold Coast Real Estate Final Exam Study Guide (only contains highlights from Ch's 1, 2,3,4 and some of 11) Real Estate
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Module
Gold Coast Real Estate
Institution
Gold Coast Real Estate
Gold Coast Real Estate Final Exam Study Guide (only contains highlights from Ch's 1, 2,3,4 and some of 11)
Real Estate Brokerage (Ch. 1)
A business in which real estate-related activities are performed under the authority of a licensed real estate broker
Farming (Ch. 1)
concentrating on one...
Gold Coast Real Estate Final Exam Study
Guide (only contains highlights from Ch's 1,
2,3,4 and some of 11)
Real Estate Brokerage (Ch. 1)
A business in which real estate-related activities are performed under the authority of a licensed real
estate broker
Farming (Ch. 1)
concentrating on one type or style of property in one particular area of neighborhood
Property Transfer, Valuation & Marketing (Ch. 1)
areas of expert knowledge that are required for all real estate licensees
Residential Transaction (Ch. 1)
F.S 475
The sale of any improved residential property of 4 units or fewer.
Unimproved property intended for 4 units or fewer.
Agricultural properties 10 acres or less
Tract Building (Ch. 1)
when a developer acquires a large tract of land, records a subdivision plat map, and uses a model
center from which sales may be made
Local Level of Government (Ch. 1)
control planning and zoning, property taxation, building and health code regulations
also impose a moratorium or temporary delay for a building project
building permits would be held until the situations are corrected
Florida Real Estate License Law F.S 475 (Ch. 2)
the purpose is to protect the public
Commission (Ch. 2)
Florida Real Estate Commission (FREC)
Department (Ch. 2)
Department of Business and Professional Regulation (DBPR)
Licensee (Ch. 2)
any person that has a permit, registration, certificate, or license that's issued by the Department
Sales Associate (Ch. 2)
a person who performs real estate activities while employed by a licensed real estate broker
, Broker (Ch. 2)
a person who performs services of real estate for another and receives compensation for those
services either directly or indirectly
A sales associate who wishes to a broker must: (Ch. 2)
have been employed under one or more actively licensed brokers for at least 24 months within the
previous 5 years
Broker Associate (Ch. 2)
an applicant to become a "broker associate" may chose to continue employment in a sales associate
position with current employer after passing the exam but will be registered under a "broker
associate" after passing the exam
an individual who meets the requirements of a broker but who chooses to work in real estate under
the direction (employ) of another broker.
An applicant for a Florida real estate license is not required to be a: (Ch. 2)
resident of Florida or be a citizen of the U.S
The question that requires the disclosure of any criminal convictions, including felony or
misdemeanor convictions or pleas (other than traffic offenses), regardless of adjudication (going to
court)
DUI must be disclosed (Ch. 2)
"Have you ever been convicted of a felony or found guilty of, or entered a plea of "nolo contendere"
(no contest) or guilty to, regardless of adjudication ,a crime in any jurisdiction, or are you currently
being investigated?"
Application Denial (Ch. 2)
If an application to take the state exam is denied by the Department, the applicant will be notified in
writing. The notification will identify the reasons for denial and advise the applicant that he or she has
21 days from the date of receipt to request a formal hearing before an administrative law judge
in accordance with F.S. 120, The Administrative Procedure Act
Florida real estate license law requires sales associates or broker associates to: (Ch. 2)
be employed as an agent of either broker or an owner-developer before performing real estate
services for compensation. A sales associate may not be directly employed or compensated for real
estate services by a member of the public. They may only be compensated by their employing broker
or owner developer.
Employment by a broker: (Ch. 2)
a sales associate or broke associate cannot receive compensation for performing real estate services
for anyone other than his or her employing broker. A sales associate or broker can work for only (1)
broker at a time. Broker are registered and licensed with the Department.
Employment by an owner-developer (Ch. 2)
The owner developer must register with the department but does not receive a real estate license
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