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Gold Coast Real Estate Final Exam Study Guide (only contains highlights from Ch's 1, 2,3,4 and some of 11) graded A+ by experts (100% verified) 2024/2025$12.99
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Gold Coast Real Estate Final Exam Study Guide (only contains highlights from Ch's 1, 2,3,4 and some of 11) graded A+ by experts (100% verified) 2024/2025
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Gold Coast
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Gold Coast
Gold Coast Real Estate Final Exam Study Guide (only contains highlights from Ch's 1, 2,3,4 and some of 11) graded A+ by experts (100% verified) 2024/2025
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) - ANSA business in which real estate-related activities are
performed under the authority of a licensed real estate broker
Farming (Ch. 1) - ANSconcentrating on one type or style of property in one particular area of
neighborhood
Property Transfer, Valuation & Marketing (Ch. 1) - ANSareas of expert knowledge that are
required for all real estate licensees
Residential Transaction (Ch. 1) - ANSF.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) - ANSwhen 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) - ANScontrol 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) - ANSthe purpose is to protect the public
Commission (Ch. 2) - ANSFlorida Real Estate Commission (FREC)
Department (Ch. 2) - ANSDepartment of Business and Professional Regulation (DBPR)
Licensee (Ch. 2) - ANSany person that has a permit, registration, certificate, or license that's
issued by the Department
Sales Associate (Ch. 2) - ANSa person who performs real estate activities while employed
by a licensed real estate broker
Broker (Ch. 2) - ANSa 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) - ANShave been employed under
one or more actively licensed brokers for at least 24 months within the previous 5 years
Broker Associate (Ch. 2) - ANSan 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) - ANSresident 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) - ANS"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) - ANSIf 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) -
ANSbe 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) - ANSa 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) - ANSThe owner developer must register with
the department but does not receive a real estate license
Post-License (First Renewal) Requirements [ F.S 475.17] (Ch. 2) - ANSAll licenses, whether
active or inactive, must satisfactorily complete a Commission-prescribed post-licensing
course prior to the first renewal expiry following initial licensure
Sales associate first renewal (Ch. 2) - ANSThe license of a sales associate who fails to
complete this requirement will become void and the license will be out of business
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