GOLD COAST FINAL EXAM 2026 FINAL
REVIEW PACK COMPLETE QUESTION SET AND
CORE CONCEPT SUMMARY
◉ What type of planning study deals with local business activity?
a. Physiographic
b. Economic base analysis
c. Thoroughfare
d. Community facilities
Reference: Ch. 19, Florida's Comprehensive Plan, Preparing the
Comprehensive Plan. Answer: Economic base analysis
◉ A broker may deposit all of the following into escrow, EXCEPT:
a. Cash
b. Personal checks
c. Securities that can be converted to cash
d. Personal funds in excess of FREC limits
,Reference: Ch. 5, Escrow Funds. Answer: Personal funds in excess of
FREC limits
◉ The 1988 Fair Housing Amendment Act expanded on the Civil
Rights Act of 1968 to include banning discrimination on the basis of
which protected class?
a. Age
b. Sex
c. Handicap
d. Race
Reference: Ch. 7, Federal Fair Housing Laws, 1988 Fair Housing
Amendment. Answer: Handicap
◉ The monthly payment under FHA 203(b) may NOT include what?
a. Mortgage life insurance
b. Property taxes
c. Fire insurance
d. Private mortgage insurance (PMI)
,Reference: Ch. 13, Types of Mortgages, FHA Insured Mortgage Loan
Programs. Answer: Private mortgage insurance (PMI)
◉ To whom is the original judgment assigned when money is to be
paid from the Real Estate Recovery Fund?
a. Florida Real Estate Commission
b. The courts
c. Department of Business and Professional Regulation
d. An administrative law judge
Reference: Ch. 6, The Disciplinary Process, Florida Real Estate
Recovery Fund. Answer: Florida Real Estate Commission
◉ What municipal ordinances specify the standards for altering,
remodeling, and new construction?
a. Building codes
b. Zoning codes
c. Subdivision requirements
d. Health codes
Reference: Ch. 19, Building Codes. Answer: Building codes
, ◉ Who orders a summary suspension?
a. The governor with affirmation by the senate
b. The secretary of the Department of Business and Professional
Regulation
c. The Division of Administrative Hearings
d. The Florida Real Estate Commission
Reference: Ch. 6, The Disciplinary Process. Answer: The secretary of
the Department of Business and Professional Regulation
◉ What are the Federal Reserve actions taken to affect interest
rates?
a. Capital recovery policy
b. Variance policy
c. Intermediation policy
d. Monetary policy
Reference: Ch. 13, Federal Reserve System. Answer: Monetary policy
REVIEW PACK COMPLETE QUESTION SET AND
CORE CONCEPT SUMMARY
◉ What type of planning study deals with local business activity?
a. Physiographic
b. Economic base analysis
c. Thoroughfare
d. Community facilities
Reference: Ch. 19, Florida's Comprehensive Plan, Preparing the
Comprehensive Plan. Answer: Economic base analysis
◉ A broker may deposit all of the following into escrow, EXCEPT:
a. Cash
b. Personal checks
c. Securities that can be converted to cash
d. Personal funds in excess of FREC limits
,Reference: Ch. 5, Escrow Funds. Answer: Personal funds in excess of
FREC limits
◉ The 1988 Fair Housing Amendment Act expanded on the Civil
Rights Act of 1968 to include banning discrimination on the basis of
which protected class?
a. Age
b. Sex
c. Handicap
d. Race
Reference: Ch. 7, Federal Fair Housing Laws, 1988 Fair Housing
Amendment. Answer: Handicap
◉ The monthly payment under FHA 203(b) may NOT include what?
a. Mortgage life insurance
b. Property taxes
c. Fire insurance
d. Private mortgage insurance (PMI)
,Reference: Ch. 13, Types of Mortgages, FHA Insured Mortgage Loan
Programs. Answer: Private mortgage insurance (PMI)
◉ To whom is the original judgment assigned when money is to be
paid from the Real Estate Recovery Fund?
a. Florida Real Estate Commission
b. The courts
c. Department of Business and Professional Regulation
d. An administrative law judge
Reference: Ch. 6, The Disciplinary Process, Florida Real Estate
Recovery Fund. Answer: Florida Real Estate Commission
◉ What municipal ordinances specify the standards for altering,
remodeling, and new construction?
a. Building codes
b. Zoning codes
c. Subdivision requirements
d. Health codes
Reference: Ch. 19, Building Codes. Answer: Building codes
, ◉ Who orders a summary suspension?
a. The governor with affirmation by the senate
b. The secretary of the Department of Business and Professional
Regulation
c. The Division of Administrative Hearings
d. The Florida Real Estate Commission
Reference: Ch. 6, The Disciplinary Process. Answer: The secretary of
the Department of Business and Professional Regulation
◉ What are the Federal Reserve actions taken to affect interest
rates?
a. Capital recovery policy
b. Variance policy
c. Intermediation policy
d. Monetary policy
Reference: Ch. 13, Federal Reserve System. Answer: Monetary policy
