Ch. 4 - Gold Coast Real Estate Course
Exam | Questions with 100% Correct
Answers | Verified | Latest Update
2026/2027
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Terms in this set (47)
A civil court imposes what Compensatory damages.
type of fine as a result of a
measurable loss? (when seeing measurable loss think
compensation)
A civil court imposes what Punitive damages.
type of penalty to punish a
party whose action causes a (punitive = punish)
lawsuit?
F.S. 455 and F.S. 475 are what statutory laws
type of laws?
Under what type of law does Administrative laws
the DBPR or the FREC levy
fines?
, All of the following statements A written agreement or contract is
about the principal-agent required to create a principal-agent
relationship are accurate, relationship.
EXCEPT:
A broker who lists a home for Special agent
sale has which type of agency
relationship with the owner of (authorized for single act on behalf of
the home? principal)
A sales associate who is General agent
employed by a broker has
which type of agency (authorized to act for and represent a
relationship with the broker? principal in a specific trade or business)
What is a universal agent? An agent who is authorized to act for and
represent a principal in all matters.
What is a single agent? A broker who represents, as a fiduciary,
either a buyer or a seller in a real estate
transaction but never both.
(can also be the sales associate acting on
behalf of the broker as a subagent of the
broker's principal).
Exam | Questions with 100% Correct
Answers | Verified | Latest Update
2026/2027
Save
Terms in this set (47)
A civil court imposes what Compensatory damages.
type of fine as a result of a
measurable loss? (when seeing measurable loss think
compensation)
A civil court imposes what Punitive damages.
type of penalty to punish a
party whose action causes a (punitive = punish)
lawsuit?
F.S. 455 and F.S. 475 are what statutory laws
type of laws?
Under what type of law does Administrative laws
the DBPR or the FREC levy
fines?
, All of the following statements A written agreement or contract is
about the principal-agent required to create a principal-agent
relationship are accurate, relationship.
EXCEPT:
A broker who lists a home for Special agent
sale has which type of agency
relationship with the owner of (authorized for single act on behalf of
the home? principal)
A sales associate who is General agent
employed by a broker has
which type of agency (authorized to act for and represent a
relationship with the broker? principal in a specific trade or business)
What is a universal agent? An agent who is authorized to act for and
represent a principal in all matters.
What is a single agent? A broker who represents, as a fiduciary,
either a buyer or a seller in a real estate
transaction but never both.
(can also be the sales associate acting on
behalf of the broker as a subagent of the
broker's principal).
