Gold Coast Real Estate Final Exam Study
Guide (only contains highlights from Ch's
1, 2,3,4 and some of 11) Questions and
Answers
1.Real Estate Brokerage (Ch. 1): A business in which real estate-
related activities are performed under the authority of a licensed real
estate broker
2.Farming (Ch. 1): concentrating on one type or style of property in
one particular area of neighborhood
3.Property Transfer, Valuation & Marketing (Ch. 1): areas of
expert knowledge that are required for all real estate licensees
4.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
5.Tract Building (Ch. 1): when a developer acquires a large tract of
land, records a subdivision plat map, and uses a model center from
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, which sales may be made
6.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
7.Florida Real Estate License Law F.S 475 (Ch. 2): the purpose is
to protect the public
8.Commission (Ch. 2): Florida Real Estate Commission (FREC)
9.Department (Ch. 2): Department of Business and Professional
Regulation (DBPR)
10.Licensee (Ch. 2): any person that has a permit, registration,
certificate, or license that's issued by the Department
11.Sales Associate (Ch. 2): a person who performs real estate
activities while employed by a licensed real estate broker
12.Broker (Ch. 2): a person who performs services of real estate for
another and receives compensation for those services either directly or
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15
Guide (only contains highlights from Ch's
1, 2,3,4 and some of 11) Questions and
Answers
1.Real Estate Brokerage (Ch. 1): A business in which real estate-
related activities are performed under the authority of a licensed real
estate broker
2.Farming (Ch. 1): concentrating on one type or style of property in
one particular area of neighborhood
3.Property Transfer, Valuation & Marketing (Ch. 1): areas of
expert knowledge that are required for all real estate licensees
4.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
5.Tract Building (Ch. 1): when a developer acquires a large tract of
land, records a subdivision plat map, and uses a model center from
1/
15
, which sales may be made
6.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
7.Florida Real Estate License Law F.S 475 (Ch. 2): the purpose is
to protect the public
8.Commission (Ch. 2): Florida Real Estate Commission (FREC)
9.Department (Ch. 2): Department of Business and Professional
Regulation (DBPR)
10.Licensee (Ch. 2): any person that has a permit, registration,
certificate, or license that's issued by the Department
11.Sales Associate (Ch. 2): a person who performs real estate
activities while employed by a licensed real estate broker
12.Broker (Ch. 2): a person who performs services of real estate for
another and receives compensation for those services either directly or
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15
