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Gold Coast FINAL EXAM STUDY SET questions with answers
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Gold Coast FINAL EXAM STUDY SET questions with answers
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Gold Coast FINAL EXAM STUDY SET for4/11 -questions with answers
what are the the areas a realtor should be an expert in? - ANSWER: ➡ Marketing
o o o o o o o o o o o o o oo o
Valuation & Market Conditions o o o
Property Transfer o
"MVP"
Does one need to be a resident of the state or a citizen of the U.S. to get a FL real estate license? -
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ANSWER: ➡ to get a FL real estate license, you don't need to be a citizen
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What must an applicant for a real estate license do if he has been convicted of a crime? -
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ANSWER: ➡ must disclose all convictions
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Employment - ANSWER: ➡ an associate can only have one employer at a time
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What's the grace period for a Sales associate's first renewal? Post Licensing - ANSWER: ➡ no
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grace period, void and null
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Individuals who are exempt from licensure - ANSWER: ➡ Salaried Employees
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How long can one stay involuntary inactive? - ANSWER: ➡ 2 years
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What happens to an associates license if a broker's license is void, suspended, or revoked? -
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ANSWER: ➡ their license automatically becomes inactive
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, Multiple Licenses - ANSWER: ➡ issued only to active brokers if it is clearly shown that such
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additional licenses are necessary to the conduct of legitimate business
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What is a Transaction broker - ANSWER: ➡ a broker who provides limited representation to a
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buyer, seller, or both, in a real estate transaction
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*not an AGENT* o o
Presenting Offers - ANSWER: ➡ must present all offers o o o oo o o o o
A broker is entitled to compensation if they... - ANSWER: ➡ bring a buyer who brings an offer
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the seller was looking for
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Listing Contract - ANSWER: ➡ broker's employment contract that states the terms and
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conditions that the broker must meet to become eligible for compensation
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Referral Fees: o
I as the sellers agent promise kickback commission. Is this allowed? - ANSWER: ➡ yes, as long
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as this is disclosed to all interested parties
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what if an attorney asks for a fee because they referred a client to you? - ANSWER: ➡ you
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cannot give him a referral fee for sending you a client
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Principal Brokerage office - ANSWER: ➡ -registration is good for 2 years
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-can switch locations o o
branch brokerage office - ANSWER: ➡ -registration is good for 2 years
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