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Gold Coast Real Estate Final Exam Study Guide | Questions with 100% Correct Answers | Verified | Latest Update 2026/2027

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Gold Coast Real Estate Final Exam Study Guide | Questions with 100% Correct Answers | Verified | Latest Update 2026/2027

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Gold Coast Real Estate Final Exam Study Guide |
Questions with 100% Correct Answers | Verified | Latest
Update 2026/2027
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Terms in this set (72)



Real Estate Brokerage (Ch. 1) A business in which real estate-related activities are performed under the
authority of a licensed real estate broker


Farming (Ch. 1) concentrating on one type or style of property in one particular area of
neighborhood


Property Transfer, Valuation & Marketing (Ch. 1) areas of expert knowledge that are required for all real estate licensees




Residential Transaction (Ch. 1) F.S 475
The sale of any improved residential property of 4 units or fewer.
Unimproved property intended for 4 units or fewer.
Agricultural properties 10 acres or less


Tract Building (Ch. 1) 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


Local Level of Government (Ch. 1) control planning and zoning, property taxation, building and health code
regulations


also impose a moratorium or temporary delay for a building project


building permits would be held until the situations are corrected

, Florida Real Estate License Law F.S 475 (Ch. 2) the purpose is to protect the public


Commission (Ch. 2) Florida Real Estate Commission (FREC)


Department (Ch. 2) Department of Business and Professional Regulation (DBPR)


Licensee (Ch. 2) any person that has a permit, registration, certificate, or license that's issued by
the Department


Sales Associate (Ch. 2) a person who performs real estate activities while employed by a licensed real
estate broker


Broker (Ch. 2) a person who performs services of real estate for another and receives
compensation for those services either directly or indirectly




A sales associate who wishes to a broker must: (Ch. 2) have been employed under one or more actively licensed brokers for at least
24 months within the previous 5 years


Broker Associate (Ch. 2) an applicant to become a "broker associate" may chose to continue
employment in a sales associate position with current employer after passing
the exam but will be registered under a "broker associate" after passing the
exam


an individual who meets the requirements of a broker but who chooses to work
in real estate under the direction (employ) of another broker.


An applicant for a Florida real estate license is not resident of Florida or be a citizen of the U.S
required to be a: (Ch. 2)


The question that requires the disclosure of any criminal "Have you ever been convicted of a felony or found guilty of, or entered a plea
convictions, including felony or misdemeanor of "nolo contendere" (no contest) or guilty to, regardless of adjudication ,a
convictions or pleas (other than traffic offenses), crime in any jurisdiction, or are you currently being investigated?"
regardless of adjudication (going to court)
DUI must be disclosed (Ch. 2)


Application Denial (Ch. 2) If an application to take the state exam is denied by the Department, the
applicant will be notified in writing. The notification will identify the reasons for
denial and advise the applicant that he or she has 21 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

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