FLORIDA- GOLD COAST REAL ESTATE
ACTUAL EXAM 2026-2027 QUESTIONS
AND ANSWERS
Step rent, also known as step-up rent or step-up lease, is a type of additional rent
term found in commercial real estate where the rent increases or decreases at
defined periods.
step-up lease
A business broker must be able to read and understand __________________
and __________________.
accounting, corporate finance
The parties to a real estate sales contract are the ________, who is the seller,
and the ________, who is the buyer.
vendor, vendee
What is it called when licensees concentrate on one type or style of property or on
one particular neighborhood?
Farming
Finding and specializing in a particular neighborhood or type of property, referred to
as ___________ or _____________, is considered to be one of the best ways to
succeed in the real estate business.
farm area; target market
Real estate licensees typically prepare what is known as a
________________________, which is a value estimate based on recent sales of
similar properties in the same neighborhood. It utilizes many of the concepts used in
an appraisal. However, it may not be referred to as an appraisal.
comparative market analysis (CMA)
What 3 areas must real estate licensees be experts in? Is expert in construction one
of them?
-Property Transfer
-Valuation and Market Conditions
-Marketing
____________ is when a developer acquires a large tract of land, records a
subdivision plat map, and uses a model center from which sales may be made.
Tract building
What type of government body can impose a moratorium or temporary delay for a
building project?
Local level government
A licensed sales associate who wishes to apply to be a broker must have been
employed under one or more actively licensed brokers for at least _____ months
within the preceding ____ years before becoming eligible to take the state broker
examination.
24 months; 5 years
Broker applicants must complete all broker pre-license requirements, which
includes...?
72 hour class
, An applicant for a broker license may choose to continue employment in a sales
associate capacity with a current employer subsequent to passing the state broker
examination. If so, the applicant will be registered as a _________ _________ after
passing the broker examination.
broker associate
True or False: An applicant for a Florida real estate license is NOT required to be a
resident of the state of Florida, or to be a citizen of the United States.
True
What must be disclosed in the background questions in the Application for Sales
Associate License?
requires the disclosure of ANY criminal convictions, including or misdemeanor
convictions or pleas (other than minor traffic offenses), regardless of adjudication.
In application denial, if an application to take the state exam is denied by the DBPR
(Department of Business and Professional Regulation), the applicant will be notified
in writing. The notification will identify the reasons for the denial and advise the
applicant that they have _______ 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. (F.A.C. 61J2-2.030)
21
A sales associate or broker can only work for how many brokers at a time? Who are
brokers registered and licensed with? (F.S. 475.215(2))
one broker at a time; DBPR (Department of Business and Professional Regulation)
Owner-developers are registered, but they do NOT need to be what?
licensed
A sales associate must complete a ____-hour post-license course prior to the
expiration date of their initial license period. The license of a sales associate who
fails to complete this requirement will become _____ and the licensee will be out of
business. (There is no grace period- do it by the date)
45; void
If the Continuing Education requirements are not met within the renewal deadline,
the licensee's license status will be changed to _____________.
involuntarily inactive
What are persons who are granted authority under a power of attorney to act for
others in some capacity, such as signing documents, called?
Attorneys-in-fact
_______________ 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.
Salaried employees
The ___________ is responsible for licensing and regulation of the real estate
profession.
DBPR (Department of Business and Professional Regulation)
The Department (? does/does not ?) have the authority to issue injunctions against
unlicensed persons but may seek an injunction from the courts for failure to follow a
Department order.
The _________ powers can be exercised by the chairperson acting alone or can be
delegated by quorum vote to any other Commission member.
executive
A licensee who is found to be guilty of a violation may receive one of the following
disciplinary actions, be issued a reprimand or an administrative fine up to
ACTUAL EXAM 2026-2027 QUESTIONS
AND ANSWERS
Step rent, also known as step-up rent or step-up lease, is a type of additional rent
term found in commercial real estate where the rent increases or decreases at
defined periods.
step-up lease
A business broker must be able to read and understand __________________
and __________________.
accounting, corporate finance
The parties to a real estate sales contract are the ________, who is the seller,
and the ________, who is the buyer.
vendor, vendee
What is it called when licensees concentrate on one type or style of property or on
one particular neighborhood?
Farming
Finding and specializing in a particular neighborhood or type of property, referred to
as ___________ or _____________, is considered to be one of the best ways to
succeed in the real estate business.
farm area; target market
Real estate licensees typically prepare what is known as a
________________________, which is a value estimate based on recent sales of
similar properties in the same neighborhood. It utilizes many of the concepts used in
an appraisal. However, it may not be referred to as an appraisal.
comparative market analysis (CMA)
What 3 areas must real estate licensees be experts in? Is expert in construction one
of them?
-Property Transfer
-Valuation and Market Conditions
-Marketing
____________ is when a developer acquires a large tract of land, records a
subdivision plat map, and uses a model center from which sales may be made.
Tract building
What type of government body can impose a moratorium or temporary delay for a
building project?
Local level government
A licensed sales associate who wishes to apply to be a broker must have been
employed under one or more actively licensed brokers for at least _____ months
within the preceding ____ years before becoming eligible to take the state broker
examination.
24 months; 5 years
Broker applicants must complete all broker pre-license requirements, which
includes...?
72 hour class
, An applicant for a broker license may choose to continue employment in a sales
associate capacity with a current employer subsequent to passing the state broker
examination. If so, the applicant will be registered as a _________ _________ after
passing the broker examination.
broker associate
True or False: An applicant for a Florida real estate license is NOT required to be a
resident of the state of Florida, or to be a citizen of the United States.
True
What must be disclosed in the background questions in the Application for Sales
Associate License?
requires the disclosure of ANY criminal convictions, including or misdemeanor
convictions or pleas (other than minor traffic offenses), regardless of adjudication.
In application denial, if an application to take the state exam is denied by the DBPR
(Department of Business and Professional Regulation), the applicant will be notified
in writing. The notification will identify the reasons for the denial and advise the
applicant that they have _______ 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. (F.A.C. 61J2-2.030)
21
A sales associate or broker can only work for how many brokers at a time? Who are
brokers registered and licensed with? (F.S. 475.215(2))
one broker at a time; DBPR (Department of Business and Professional Regulation)
Owner-developers are registered, but they do NOT need to be what?
licensed
A sales associate must complete a ____-hour post-license course prior to the
expiration date of their initial license period. The license of a sales associate who
fails to complete this requirement will become _____ and the licensee will be out of
business. (There is no grace period- do it by the date)
45; void
If the Continuing Education requirements are not met within the renewal deadline,
the licensee's license status will be changed to _____________.
involuntarily inactive
What are persons who are granted authority under a power of attorney to act for
others in some capacity, such as signing documents, called?
Attorneys-in-fact
_______________ 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.
Salaried employees
The ___________ is responsible for licensing and regulation of the real estate
profession.
DBPR (Department of Business and Professional Regulation)
The Department (? does/does not ?) have the authority to issue injunctions against
unlicensed persons but may seek an injunction from the courts for failure to follow a
Department order.
The _________ powers can be exercised by the chairperson acting alone or can be
delegated by quorum vote to any other Commission member.
executive
A licensee who is found to be guilty of a violation may receive one of the following
disciplinary actions, be issued a reprimand or an administrative fine up to
