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Gold Coast Real Estate Final Exam with correct answers
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Gold Coast Real Estate Final Exam with correct answers
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Gold Coast Real Estate Final Exam withcorrect answers
What is Farming? - ANSWER: ➡ Agent dominates specific area/neighborhood/town Also
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known as door to door.
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What are the three areas sales associates must be experts in? - ANSWER: ➡ Must be experts in
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Valuation, Marketing, and Property Transfer
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What key knowledge must you have to be involved in Industrial Sales? (Not needed for
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commercial sales) - ANSWER: ➡ Government Law (Environmental)
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What is It called when a Developer builds a center in track where sales are made? - ANSWER:
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➡ Track Building
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What is the period of time called when a Developer holds off approval on project ? - ANSWER:
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➡ Building Moratorium
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How long must a sales associate be active to be able to take Broker exam? - ANSWER: ➡ 24mos
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within a 60mos period
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What is a broker associate? - ANSWER: ➡ Broker that is licensed but working under another
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broker
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What do you need to qualify for FL Real Estate License? - ANSWER: ➡ 18yrs of age and no
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criminal history, you dont need to be FL resident or US citizen
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What is mutual recognition? - ANSWER: ➡ When you take the real estate license in one state
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and want It to account for the state your moving to.
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