Gold Coast Real Estate Exam Questions With Verified Answers.
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Module
Gold Coast Real Estate
Institution
Gold Coast Real Estate
Gold Coast Real Estate Exam Questions
With Verified Answers.
Tract building - answerWhen a dev. Acquired land, records a plat map and uses a model center
from which sales may be made
Local level - answerPlanning, zoning, property taxation, building and health codes and
regulations, and buildin...
Gold Coast Real Estate Exam Questions
With Verified Answers.
Tract building - answer✔When a dev. Acquired land, records a plat map and uses a model center
from which sales may be made
Local level - answer✔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 - answer✔A licensed broker working for another broker
False - answer✔A florida real estate license applicant must be a resident and citizen (true or
false)
Application Denial - answer✔You have 21 days to send a formal letter to the department for a
hearing if:
One - answer✔How mang brokers can a sales or broker associate work for
Post license requirements - answer✔No grace period
Sales associate first renewal - answer✔No grace period
Exempt from licensure - answer✔Attorney in fact/ Attorney at Law
Attorneys at law - answer✔My perform legal services on behalf ofntheir clients; they may
prepare documents, handle closings, and give legal advice.
Involuntary inactive - answer✔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 - answer✔A license may remain in involuntary inactive status for no longer than
Special Agent - answer✔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 - answer✔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 - answer✔A transaction broker provides what kind of representation
Single agent - answer✔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 - answer✔In a single agency relationship, the employer becomes the
For sale By owner - answer✔Non Representation or (No Brokerage Relationship can also be
called)
FSBO - answer✔For sale by owner can also be called
Stationary Construction - answer✔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 - answer✔Licencees should make clear that they are dealing on their own account and not
acting on the behalf of
Public - answer✔Licencees should make known their status as licencees to members of the
Serious negotiations - answer✔This Disclosure should be made prior to entering into
Deposit - answer✔A form of Money, personal property, real property, or anything of value that
is capable of being converted into cash.
Closing - answer✔Typically the deposit is intended as partial payment of the purchase price at?
Post dated checks - answer✔Are considered to be promissory notes and can be accepted as
earnest money with the seller's approval.
True - answer✔When a deposit is placed, or is to be placed, with a title company or an attorney,
the licensee who prepared or presented the sales contract must indicate on that contract the name,
address, and telephone number of the title company or attorney with whom the deposit was
placed (True or False)
Escrow or trust account - answer✔May be held in a commercial bank, title company which has
trust powers, credit union, or savings and loan association located in the state of Florida
cannot - answer✔The escrow account ______ be held in a stock or bond brokerage house
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