GOLD COAST REAL ESTATE PRACTICE FINAL
385 COMPLETE COURSE REVIEW GUIDE
◉ Farm area or target market.
Answer: Finding and specializing in a particular neighborhood or
type of property. Considered to be one of the best ways to succeed in
the real estate business
◉ Tract building.
Answer: 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.
Answer: Government Regulation:
At the local level, planning and zoning, property taxation, building,
and health codes and regulations, and building moratoriums that
affect development, play a significant role in the cost and desirability
of real estate
◉ Purpose of the law.
Answer: F.S. 475 to protect the public
,◉ Commission or FREC.
Answer: Refers to the Florida real estate commission
◉ Department or DBPR.
Answer: Refers to the department of business and professional
regulation
◉ Division or DRE.
Answer: Refers to the division of real estate
◉ License.
Answer: Means any permit, registration, certificate, or license issued
by the department
◉ Licensee.
Answer: Refers to any person to whom a permit, registration,
certificate or license is issued by the department
◉ A BAR SALE.
Answer: The most common services of real estate:
,Appraising
Buying
Auctioning
Renting
Selling
Advertising
Leasing
Exchanging
◉ Sales associate.
Answer: Must be employed by a real estate broker or owner
developer to practice real estate
*must complete all pre license requirements to obtain their initial
license as a sales associate
◉ Broker.
Answer: A person who performs services of real estate as an agent
for another and receives compensation for those services either
directly or indirectly
◉ A Sales Associate transitioning to a Broker.
, Answer: Must have been employed under one or more actively
licensed brokers for at least 24 months writhing the last 5 yrs before
becoming eligible to take the state broker examination
◉ Additional applicants who qualify to apply for a brokers license
[F.A.C.61J2-2.027(1)(b)].
Answer: Actively licensed real estate sales associates from another
STATE OR NATION who have been Licensed for at least 24 months
during the preceding 5 yrs
◉ Broker Associate.
Answer: Someone who is qualified to receive a broker license but
chooses instead to be employed under the direction, control and
management of an actively licensed broker or owner developer.
In this capacity the broker acts as a sales associate NOT as a broker
◉ Florida real estate license requirements.
Answer: An applicant for a Florida real estate license requirements
is NOT required to be a resident of the state of Florida, or to be a
citizen of the United States
◉ Florida Mutual recognition.
Answer: Florida has entered into "Contractual agreements" with 7
states that recognize the similarity in the content of their mutual
education and experience requirements for real estate licensing.
385 COMPLETE COURSE REVIEW GUIDE
◉ Farm area or target market.
Answer: Finding and specializing in a particular neighborhood or
type of property. Considered to be one of the best ways to succeed in
the real estate business
◉ Tract building.
Answer: 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.
Answer: Government Regulation:
At the local level, planning and zoning, property taxation, building,
and health codes and regulations, and building moratoriums that
affect development, play a significant role in the cost and desirability
of real estate
◉ Purpose of the law.
Answer: F.S. 475 to protect the public
,◉ Commission or FREC.
Answer: Refers to the Florida real estate commission
◉ Department or DBPR.
Answer: Refers to the department of business and professional
regulation
◉ Division or DRE.
Answer: Refers to the division of real estate
◉ License.
Answer: Means any permit, registration, certificate, or license issued
by the department
◉ Licensee.
Answer: Refers to any person to whom a permit, registration,
certificate or license is issued by the department
◉ A BAR SALE.
Answer: The most common services of real estate:
,Appraising
Buying
Auctioning
Renting
Selling
Advertising
Leasing
Exchanging
◉ Sales associate.
Answer: Must be employed by a real estate broker or owner
developer to practice real estate
*must complete all pre license requirements to obtain their initial
license as a sales associate
◉ Broker.
Answer: A person who performs services of real estate as an agent
for another and receives compensation for those services either
directly or indirectly
◉ A Sales Associate transitioning to a Broker.
, Answer: Must have been employed under one or more actively
licensed brokers for at least 24 months writhing the last 5 yrs before
becoming eligible to take the state broker examination
◉ Additional applicants who qualify to apply for a brokers license
[F.A.C.61J2-2.027(1)(b)].
Answer: Actively licensed real estate sales associates from another
STATE OR NATION who have been Licensed for at least 24 months
during the preceding 5 yrs
◉ Broker Associate.
Answer: Someone who is qualified to receive a broker license but
chooses instead to be employed under the direction, control and
management of an actively licensed broker or owner developer.
In this capacity the broker acts as a sales associate NOT as a broker
◉ Florida real estate license requirements.
Answer: An applicant for a Florida real estate license requirements
is NOT required to be a resident of the state of Florida, or to be a
citizen of the United States
◉ Florida Mutual recognition.
Answer: Florida has entered into "Contractual agreements" with 7
states that recognize the similarity in the content of their mutual
education and experience requirements for real estate licensing.
