GOLD COAST REAL ESTATE FREQUENTLY TESTED
ACTUAL EXAM QUESTIONS WITH CORRECT ANSWERS
Question 1.
Tract building
ANSWER
When a dev. Acquired land, records a plat map and uses a model center from which sales may
be made
Question 2.
Local level
ANSWER
Planning, 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
Question 3.
Broker associate
ANSWER
A licensed broker working for another broker
Question 4.
False
ANSWER
A florida real estate license applicant must be a resident and citizen (true or false)
Question 5.
Application Denial
ANSWER
You have 21 days to send a formal letter to the department for a hearing if:
,Question 6.
One
ANSWER
How mang brokers can a sales or broker associate work for
Question 7.
Post license requirements
ANSWER
No grace period
Question 8.
Sales associate first renewal
ANSWER
No grace period
Question 9.
Exempt from licensure
ANSWER
Attorney in fact/ Attorney at Law
Question 10.
Attorneys at law
ANSWER
My perform legal services on behalf ofntheir clients; they may prepare documents, handle
closings, and give legal advice.
Question 11.
Involuntary inactive
ANSWER
An individual who does not request renewal of their second or subsequent lecense, pay the
required fees, or maintain their continuing education requirements will have their license
placed in
,Question 12.
2 years
ANSWER
A license may remain in involuntary inactive status for no longer than
Question 13.
Special Agent
ANSWER
A special agent is authorized under agency law by the employer to perform a single act. The
employment contract between the employer and agent establishes the limit of authority
granted
Question 14.
Presenting offers
ANSWER
A broker has a buty to transmit any and all offers to the employer including oral offers or offers
made without a binder deposit
Question 15.
Limited
ANSWER
A transaction broker provides what kind of representation
Question 16.
Single agent
ANSWER
this agency relationship is created when a broker accepts employment under a single agency
agreement. A broker may represent a seller or buyer , or a landlord or tenant.
, Question 17.
Principal
ANSWER
In a single agency relationship, the employer becomes the
Question 18.
For sale By owner
ANSWER
Non Representation or (No Brokerage Relationship can also be called)
Question 19.
FSBO
ANSWER
For sale by owner can also be called
Question 20.
Stationary Construction
ANSWER
An active broker is required to have this open which must be registered with the department of
Business and Professional Regulation where Negotiations and the closing of real estate
transactions can be conducted with privacy
Question 21.
Others
ANSWER
Licencees should make clear that they are dealing on their own account and not acting on the
behalf of
Question 22.
Public
ANSWER
Licencees should make known their status as licencees to members of the
ACTUAL EXAM QUESTIONS WITH CORRECT ANSWERS
Question 1.
Tract building
ANSWER
When a dev. Acquired land, records a plat map and uses a model center from which sales may
be made
Question 2.
Local level
ANSWER
Planning, 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
Question 3.
Broker associate
ANSWER
A licensed broker working for another broker
Question 4.
False
ANSWER
A florida real estate license applicant must be a resident and citizen (true or false)
Question 5.
Application Denial
ANSWER
You have 21 days to send a formal letter to the department for a hearing if:
,Question 6.
One
ANSWER
How mang brokers can a sales or broker associate work for
Question 7.
Post license requirements
ANSWER
No grace period
Question 8.
Sales associate first renewal
ANSWER
No grace period
Question 9.
Exempt from licensure
ANSWER
Attorney in fact/ Attorney at Law
Question 10.
Attorneys at law
ANSWER
My perform legal services on behalf ofntheir clients; they may prepare documents, handle
closings, and give legal advice.
Question 11.
Involuntary inactive
ANSWER
An individual who does not request renewal of their second or subsequent lecense, pay the
required fees, or maintain their continuing education requirements will have their license
placed in
,Question 12.
2 years
ANSWER
A license may remain in involuntary inactive status for no longer than
Question 13.
Special Agent
ANSWER
A special agent is authorized under agency law by the employer to perform a single act. The
employment contract between the employer and agent establishes the limit of authority
granted
Question 14.
Presenting offers
ANSWER
A broker has a buty to transmit any and all offers to the employer including oral offers or offers
made without a binder deposit
Question 15.
Limited
ANSWER
A transaction broker provides what kind of representation
Question 16.
Single agent
ANSWER
this agency relationship is created when a broker accepts employment under a single agency
agreement. A broker may represent a seller or buyer , or a landlord or tenant.
, Question 17.
Principal
ANSWER
In a single agency relationship, the employer becomes the
Question 18.
For sale By owner
ANSWER
Non Representation or (No Brokerage Relationship can also be called)
Question 19.
FSBO
ANSWER
For sale by owner can also be called
Question 20.
Stationary Construction
ANSWER
An active broker is required to have this open which must be registered with the department of
Business and Professional Regulation where Negotiations and the closing of real estate
transactions can be conducted with privacy
Question 21.
Others
ANSWER
Licencees should make clear that they are dealing on their own account and not acting on the
behalf of
Question 22.
Public
ANSWER
Licencees should make known their status as licencees to members of the
