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Real Estate Gold Coast test Questions and Answers (Latest Update 2024)
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Real Estate Gold Coast test Questions and Answers (Latest Update 2024)
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Real Estate Gold Coast test Questionsand Answers (Latest Update 2024)
Areas of expert knowledge required for all real estate
licensees? - Correct Answer ✅1. Property Transfer
2. Valuation
3. Marketing
(Not accounting or construction)
Real estate licensees can perform valuations under the real
estate license law if the valuation is not to be used _________.
- Correct Answer ✅in a federally related transation
real estate licensees usually prepare... - Correct Answer
✅CMAs or give a BPO. They do NOT perform appraisals
Does Florida have a reciprocity with any other state with
regard to real estate licensing? - Correct Answer ✅No, but
they do have mutual recognition
what is question 1 on the background questions for the
application for sales associate license - Correct Answer
✅asks if you have ever been convicted or found guilty of, or
entered a plea of nolo contender (no contest) or guilty to,
,Real Estate Gold Coast test Questions
and Answers (Latest Update 2024)
regardless of adjudication, a crime in any jurisdiction, or are
you currently under criminal investigation
Application Denial - Correct Answer ✅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
The law requires sales associates or broker associates to be ..
- Correct Answer ✅employed as an agent of either a broker
or an owner developer
sales associates and broker associates can ONLY be
compensated by? - Correct Answer ✅their employing
broker or owner-developer
Employment by an owner-developer - Correct Answer ✅-
individual who is in the businesses of buying, owning, or
developing real estate
,Real Estate Gold Coast test Questions
and Answers (Latest Update 2024)
-The owner developer must register with the department but
does not receive a real estate license
Who can owner-developers hire? - Correct Answer ✅-They
can hire unlicensed sales persons to sell property they own,
as long as the sales persons are PAID A SALARY.
-If they pay commissions or transaction based fees, they
MUST hire licensed sales associates or broker associates
Post license (First Renewal) Requirements - Correct Answer
✅-All licensees, must satisfactorily complete a Commission-
prescribed post-licensing course prior to the first renewal
expiry following initial licensure.
-The renewal form includes an affirmation that the licensee
must sign to indicate that he has satisfied this requirement
prior to the application for renewal
Sales associate first renewal - Correct Answer ✅- a 45 hr
post-license course must be complete prior to the expiration
dat on the initial lice period,
, Real Estate Gold Coast test Questions
and Answers (Latest Update 2024)
- if a sales associate fails to complete this requirement the
license will become VOID
Continuing Education - Correct Answer ✅14 hr of CE and
pay renewal fees during each license renewal period, not
including the first renewal period. If the CE requirement is not
met the licensee's license status will be changed to
INVOLUNTARY INACTIVE
Individuals exempt from real estate licensure include: -
Correct Answer ✅- attorneys in fact ( persons who are
granted authority under a power of attorney to act for others
in some capacity, like signing documents)
- salaried employees ( of an owner, or of a registered broker
for an owner, of an apartment community who work in an
onsite rental office of the apartment community in a leasing
capacity)
Powers of the Department - Correct Answer ✅The
Department may SEEK an injunction from a court against a
licensee for failure to follow an order. They do NOT have the
authority to issue injunctions against unlicensed persons.
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