Gold Coast FINAL EXAM STUDY SET for
4/11 Questions with Verified Detailed
Answers
what are the the areas a realtor should be an expert in? - ✔✔Marketing
Valuation & Market Conditions
Property Transfer
"MVP"
Does one need to be a resident of the state or a citizen of the U.S. to get a FL
real estate license? - ✔✔to get a FL real estate license, you don't need to be a
citizen
What must an applicant for a real estate license do if he has been convicted of a
crime? - ✔✔must disclose all convictions
Employment - ✔✔an associate can only have one employer at a time
What's the grace period for a Sales associate's first renewal? Post Licensing -
✔✔no grace period, void and null
Individuals who are exempt from licensure - ✔✔Salaried Employees
How long can one stay involuntary inactive? - ✔✔2 years
1|Page
©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025.
, What happens to an associates license if a broker's license is void, suspended, or
revoked? - ✔✔their license automatically becomes inactive
Multiple Licenses - ✔✔issued only to active brokers if it is clearly shown that
such additional licenses are necessary to the conduct of legitimate business
What is a Transaction broker - ✔✔a broker who provides limited representation
to a buyer, seller, or both, in a real estate transaction
*not an AGENT*
Presenting Offers - ✔✔must present all offers
A broker is entitled to compensation if they... - ✔✔bring a buyer who brings an
offer the seller was looking for
Listing Contract - ✔✔broker's employment contract that states the terms and
conditions that the broker must meet to become eligible for compensation
Referral Fees:
I as the sellers agent promise kickback commission. Is this allowed? - ✔✔yes, as
long as this is disclosed to all interested parties
2|Page
©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025.
4/11 Questions with Verified Detailed
Answers
what are the the areas a realtor should be an expert in? - ✔✔Marketing
Valuation & Market Conditions
Property Transfer
"MVP"
Does one need to be a resident of the state or a citizen of the U.S. to get a FL
real estate license? - ✔✔to get a FL real estate license, you don't need to be a
citizen
What must an applicant for a real estate license do if he has been convicted of a
crime? - ✔✔must disclose all convictions
Employment - ✔✔an associate can only have one employer at a time
What's the grace period for a Sales associate's first renewal? Post Licensing -
✔✔no grace period, void and null
Individuals who are exempt from licensure - ✔✔Salaried Employees
How long can one stay involuntary inactive? - ✔✔2 years
1|Page
©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025.
, What happens to an associates license if a broker's license is void, suspended, or
revoked? - ✔✔their license automatically becomes inactive
Multiple Licenses - ✔✔issued only to active brokers if it is clearly shown that
such additional licenses are necessary to the conduct of legitimate business
What is a Transaction broker - ✔✔a broker who provides limited representation
to a buyer, seller, or both, in a real estate transaction
*not an AGENT*
Presenting Offers - ✔✔must present all offers
A broker is entitled to compensation if they... - ✔✔bring a buyer who brings an
offer the seller was looking for
Listing Contract - ✔✔broker's employment contract that states the terms and
conditions that the broker must meet to become eligible for compensation
Referral Fees:
I as the sellers agent promise kickback commission. Is this allowed? - ✔✔yes, as
long as this is disclosed to all interested parties
2|Page
©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025.
