GOLD COAST FINAL EXAM 2026 FINAL PAPER
SOLVED ITEMS ACCURATE MARKING
◉ Does one need to be a resident of the state or a citizen of the U.S.
to get a FL real estate license? Answer: to get a FL real estate license,
you don't need to be a citizen
◉ What must an applicant for a real estate license do if he has been
convicted of a crime? Answer: must disclose all convictions
◉ Employment Answer: an associate can only have one employer at
a time
◉ What's the grace period for a Sales associate's first renewal? Post
Licensing Answer: no grace period, void and null
◉ Individuals who are exempt from licensure Answer: Salaried
Employees
◉ How long can one stay involuntary inactive? Answer: 2 years
,◉ What happens to an associates license if a broker's license is void,
suspended, or revoked? Answer: their license automatically
becomes inactive
◉ Multiple Licenses Answer: issued only to active brokers if it is
clearly shown that such additional licenses are necessary to the
conduct of legitimate business
◉ What is a Transaction broker Answer: a broker who provides
limited representation to a buyer, seller, or both, in a real estate
transaction
*not an AGENT*
◉ Presenting Offers Answer: must present all offers
◉ A broker is entitled to compensation if they... Answer: bring a
buyer who brings an offer the seller was looking for
◉ Listing Contract Answer: broker's employment contract that
states the terms and conditions that the broker must meet to
become eligible for compensation
◉ Referral Fees:
, I as the sellers agent promise kickback commission. Is this allowed?
Answer: yes, as long as this is disclosed to all interested parties
◉ what if an attorney asks for a fee because they referred a client to
you? Answer: you cannot give him a referral fee for sending you a
client
◉ Principal Brokerage office Answer: -registration is good for 2
years
-can switch locations
◉ branch brokerage office Answer: -registration is good for 2 years
-cannot move locations if not the principal location... in order to
move it would need a new registration for the new location and
must pays fees associated with it
◉ What are the requirements for a Principal Office? Answer: -at
least one enclosed room in a building of stationary construction
-must maintain documents for a minimum of 5 years
◉ What are the requirements for an associate advertising with a
website? Answer: -must have brokerage name and his/her last name
SOLVED ITEMS ACCURATE MARKING
◉ Does one need to be a resident of the state or a citizen of the U.S.
to get a FL real estate license? Answer: to get a FL real estate license,
you don't need to be a citizen
◉ What must an applicant for a real estate license do if he has been
convicted of a crime? Answer: must disclose all convictions
◉ Employment Answer: an associate can only have one employer at
a time
◉ What's the grace period for a Sales associate's first renewal? Post
Licensing Answer: no grace period, void and null
◉ Individuals who are exempt from licensure Answer: Salaried
Employees
◉ How long can one stay involuntary inactive? Answer: 2 years
,◉ What happens to an associates license if a broker's license is void,
suspended, or revoked? Answer: their license automatically
becomes inactive
◉ Multiple Licenses Answer: issued only to active brokers if it is
clearly shown that such additional licenses are necessary to the
conduct of legitimate business
◉ What is a Transaction broker Answer: a broker who provides
limited representation to a buyer, seller, or both, in a real estate
transaction
*not an AGENT*
◉ Presenting Offers Answer: must present all offers
◉ A broker is entitled to compensation if they... Answer: bring a
buyer who brings an offer the seller was looking for
◉ Listing Contract Answer: broker's employment contract that
states the terms and conditions that the broker must meet to
become eligible for compensation
◉ Referral Fees:
, I as the sellers agent promise kickback commission. Is this allowed?
Answer: yes, as long as this is disclosed to all interested parties
◉ what if an attorney asks for a fee because they referred a client to
you? Answer: you cannot give him a referral fee for sending you a
client
◉ Principal Brokerage office Answer: -registration is good for 2
years
-can switch locations
◉ branch brokerage office Answer: -registration is good for 2 years
-cannot move locations if not the principal location... in order to
move it would need a new registration for the new location and
must pays fees associated with it
◉ What are the requirements for a Principal Office? Answer: -at
least one enclosed room in a building of stationary construction
-must maintain documents for a minimum of 5 years
◉ What are the requirements for an associate advertising with a
website? Answer: -must have brokerage name and his/her last name
