GOLD COAST RE 1001 CRAM PRACTICE MATH
AND FINAL 2026 TEST PAPER PRACTICE
QUESTIONS AND COMPREHENSIVE SOLUTION
SET
◉ out of state broker receives a commission. Answer: cannot
participate in the transaction
◉ city needs a new school, acquire land by. Answer: eminent domain
◉ All legal rights transferred (100%). Answer: assignment
◉ Dual Agency. Answer: Representing both parties to a transaction.
This is unethical unless both parties agree to it, and it is illegal in
many states (Violation of Florida Statute 475
◉ Combining two or more parcels of land. Answer: assemblage
◉ Real Estate Recovery fund is funded by. Answer: fines and fees
paid by licensees
,◉ Riparian Rights. Answer: An owner's rights in land that borders
on or includes a stream, river, or lake. These rights include access to
and use of the water.
◉ Broker hiding value of property. Answer: Could be charged with
concealment
◉ If office is closed, reopened, in same license period. Answer:
request a reissue- no fee
◉ real estate taxes are. Answer: Ad Valorem tax
◉ The four factors of production. Answer: land, labor, capital, and
entrepreneurial ability
◉ Maximum number of years on FREC. Answer: no limit
◉ Land, improvements, interest and rights. Answer: Real Property
◉ Gross lease. Answer: Tenant pays a fixed rent and the landlord
(Lesser) pays all property expenses
◉ To cure a defect or cloud on the title to a piece of property, the
parties should:. Answer: quitclam deed
, ◉ Sales associate working for a broker. Answer: general agency
relationship
◉ Brokers office. Answer: Building of stationary construction
◉ More than 1 active broker, 1 license revoked. Answer: no affect on
other licenses
◉ Corporation registered to broker real estate. Answer: at least 1
officer licensed as an active broker
◉ Equal DUE rights, same or different deeds. Answer: Tenancy in
common
◉ rental property is temporarily diminished. Answer: see temporary
reduction of rent from court
◉ property to property with same utility. Answer: Principle of
Substitution
◉ Broker refuses to pay a commission due. Answer: Charged with
Failure to Account
AND FINAL 2026 TEST PAPER PRACTICE
QUESTIONS AND COMPREHENSIVE SOLUTION
SET
◉ out of state broker receives a commission. Answer: cannot
participate in the transaction
◉ city needs a new school, acquire land by. Answer: eminent domain
◉ All legal rights transferred (100%). Answer: assignment
◉ Dual Agency. Answer: Representing both parties to a transaction.
This is unethical unless both parties agree to it, and it is illegal in
many states (Violation of Florida Statute 475
◉ Combining two or more parcels of land. Answer: assemblage
◉ Real Estate Recovery fund is funded by. Answer: fines and fees
paid by licensees
,◉ Riparian Rights. Answer: An owner's rights in land that borders
on or includes a stream, river, or lake. These rights include access to
and use of the water.
◉ Broker hiding value of property. Answer: Could be charged with
concealment
◉ If office is closed, reopened, in same license period. Answer:
request a reissue- no fee
◉ real estate taxes are. Answer: Ad Valorem tax
◉ The four factors of production. Answer: land, labor, capital, and
entrepreneurial ability
◉ Maximum number of years on FREC. Answer: no limit
◉ Land, improvements, interest and rights. Answer: Real Property
◉ Gross lease. Answer: Tenant pays a fixed rent and the landlord
(Lesser) pays all property expenses
◉ To cure a defect or cloud on the title to a piece of property, the
parties should:. Answer: quitclam deed
, ◉ Sales associate working for a broker. Answer: general agency
relationship
◉ Brokers office. Answer: Building of stationary construction
◉ More than 1 active broker, 1 license revoked. Answer: no affect on
other licenses
◉ Corporation registered to broker real estate. Answer: at least 1
officer licensed as an active broker
◉ Equal DUE rights, same or different deeds. Answer: Tenancy in
common
◉ rental property is temporarily diminished. Answer: see temporary
reduction of rent from court
◉ property to property with same utility. Answer: Principle of
Substitution
◉ Broker refuses to pay a commission due. Answer: Charged with
Failure to Account
