Gold Coast Test Exam Questions With Accurate Solutions.
Farming - accurate answers-Many licensees will concentrate on one type or
style of property or on one particular neighborhood, a practice called......
Finding and specializing in a particular neighborhood or type of property,
referred to as a farm area or target market, is considered to be one of the best
ways to succeed in the real estate business.
Local Level - accurate answers-Planning and zoning, property taxation,
building and health code regulations are controlled by local governments.
Local government bodies can also impose a moratorium or temporary delay
for a building project. This can be due to environmental concerns, or ensuring
that adequate utilities are in place to support new housing developments, etc.
Local Level - accurate answers-Planning and zoning, property taxation,
building and health code regulations are controlled by local governments.This
can be due to environmental concerns, or ensuring that adequate utilities are
in place to support new housing developments, etc.
Qualifications for a real estate license include: - accurate answers-Must have a
Social Security number
Must be at least 18 years of age (the age of majority in Florida)
Must hold a high school diploma or the equivalent
Must be honest, truthful, good reputation
Sales associate first renewal. - accurate answers-A sales associate must
complete a 45-hour post- license course prior to the expiration date of his or
her initial license period. The license of a sales associate who fails to complete
this requirement will become void and the licensee will be out of business.
Attoneys-in fact - accurate answers-are persons who are granted authority
under a power of attorney to act for others in some capacity, such as signing
documents.
Against unlicensed persons - accurate answers-The Department also has the
power to issue a cease-and-desist order against an unlicensed party for
violation of any rule or law under its administration.
,A licensee who is found guilty - accurate answers-may receive one of the
following disciplinary actions, be issued a reprimand or an administrative fine
up to $5,000 per offense, be placed on probation,or have their license
suspended for up to ten years or permanently revoked.
First renewal of license - accurate answers-following an initial license,
licensees must renew by completing the post-licensing requirements prior to
the expiration of the initial license.
Failure to renewal license will result in - accurate answers-null and void
license status
Subsequent renewals - accurate answers-For all biennial renewal periods
following the initial license, licensees must renew by completing the 14-hour
CE requirements.
Failure to renewal a license prior to the expiration, in other than the initial
license period will result in - accurate answers-will put the license into
involuntary inactive status. The license can remain in this status for up to two
years.
If a brokers license becomes void all the employees under that broker will
become - accurate answers-automatically inactive
If a licensee decides to no longer practice real estate - accurate answers-They
can return their license to the department where the license will be cancelled.
A group license - accurate answers-a single real estate license that can be
obtained if the sales associate or broker associate works for one owner-
developer with affiliated organizations, which provides real estate services in
different geographic areas.
The department - accurate answers-The Department of Business and
Professional Regulation
The commission - accurate answers-the Florida Real Estate Commission
, Administrative law - accurate answers-Statutes can authorize the creation and
operation of administrative agencies to administer and enforce certain laws.
The Department of Business and Professional Regulation (the Department),
created by F.S. 455, and the Florida Real Estate Commission (the
Commission), created by F.S. 475, are examples of administrative agencies
empowered by statutes.
Special agent - accurate answers-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.
Sales associate - accurate answers-s a general agent of the broker and
automatically becomes a subagent of all the broker's principals.
Farming - accurate answers-Many licensees will concentrate on one type or
style of property or on one particular neighborhood. Finding and specializing
in a particular neighborhood or type of property, referred to as a farm area or
target market, is considered to be one of the best ways to succeed in the real
estate business
Transaction Broker - accurate answers-is a broker who provides limited
representation to a buyer, a seller, or both, in a real estate transaction, but
does not represent either in a fiduciary capacity or as a single agent.
Presenting offers - accurate answers-A broker has a duty to transmit any and
all offers to the employer including oral offers or offers made without a binder
deposit.
In a single agency relationship.. - accurate answers-the employer becomes the
principal, who authorizes the broker as agent to perform certain services on
his or her behalf.
Referral fees - accurate answers-The federal Real Estate Settlement
Procedures Act (RESPA) allows brokers to pay referral fees between real
estate agents and brokers without disclosure. A Florida broker may pay a
referral fee to, or share a commission with, a broker licensed or registered by
another state or foreign country. The out-of-state or foreign broker may
accompany the customer to Florida, but may not participate in the transaction
in any manner.
Farming - accurate answers-Many licensees will concentrate on one type or
style of property or on one particular neighborhood, a practice called......
Finding and specializing in a particular neighborhood or type of property,
referred to as a farm area or target market, is considered to be one of the best
ways to succeed in the real estate business.
Local Level - accurate answers-Planning and zoning, property taxation,
building and health code regulations are controlled by local governments.
Local government bodies can also impose a moratorium or temporary delay
for a building project. This can be due to environmental concerns, or ensuring
that adequate utilities are in place to support new housing developments, etc.
Local Level - accurate answers-Planning and zoning, property taxation,
building and health code regulations are controlled by local governments.This
can be due to environmental concerns, or ensuring that adequate utilities are
in place to support new housing developments, etc.
Qualifications for a real estate license include: - accurate answers-Must have a
Social Security number
Must be at least 18 years of age (the age of majority in Florida)
Must hold a high school diploma or the equivalent
Must be honest, truthful, good reputation
Sales associate first renewal. - accurate answers-A sales associate must
complete a 45-hour post- license course prior to the expiration date of his or
her initial license period. The license of a sales associate who fails to complete
this requirement will become void and the licensee will be out of business.
Attoneys-in fact - accurate answers-are persons who are granted authority
under a power of attorney to act for others in some capacity, such as signing
documents.
Against unlicensed persons - accurate answers-The Department also has the
power to issue a cease-and-desist order against an unlicensed party for
violation of any rule or law under its administration.
,A licensee who is found guilty - accurate answers-may receive one of the
following disciplinary actions, be issued a reprimand or an administrative fine
up to $5,000 per offense, be placed on probation,or have their license
suspended for up to ten years or permanently revoked.
First renewal of license - accurate answers-following an initial license,
licensees must renew by completing the post-licensing requirements prior to
the expiration of the initial license.
Failure to renewal license will result in - accurate answers-null and void
license status
Subsequent renewals - accurate answers-For all biennial renewal periods
following the initial license, licensees must renew by completing the 14-hour
CE requirements.
Failure to renewal a license prior to the expiration, in other than the initial
license period will result in - accurate answers-will put the license into
involuntary inactive status. The license can remain in this status for up to two
years.
If a brokers license becomes void all the employees under that broker will
become - accurate answers-automatically inactive
If a licensee decides to no longer practice real estate - accurate answers-They
can return their license to the department where the license will be cancelled.
A group license - accurate answers-a single real estate license that can be
obtained if the sales associate or broker associate works for one owner-
developer with affiliated organizations, which provides real estate services in
different geographic areas.
The department - accurate answers-The Department of Business and
Professional Regulation
The commission - accurate answers-the Florida Real Estate Commission
, Administrative law - accurate answers-Statutes can authorize the creation and
operation of administrative agencies to administer and enforce certain laws.
The Department of Business and Professional Regulation (the Department),
created by F.S. 455, and the Florida Real Estate Commission (the
Commission), created by F.S. 475, are examples of administrative agencies
empowered by statutes.
Special agent - accurate answers-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.
Sales associate - accurate answers-s a general agent of the broker and
automatically becomes a subagent of all the broker's principals.
Farming - accurate answers-Many licensees will concentrate on one type or
style of property or on one particular neighborhood. Finding and specializing
in a particular neighborhood or type of property, referred to as a farm area or
target market, is considered to be one of the best ways to succeed in the real
estate business
Transaction Broker - accurate answers-is a broker who provides limited
representation to a buyer, a seller, or both, in a real estate transaction, but
does not represent either in a fiduciary capacity or as a single agent.
Presenting offers - accurate answers-A broker has a duty to transmit any and
all offers to the employer including oral offers or offers made without a binder
deposit.
In a single agency relationship.. - accurate answers-the employer becomes the
principal, who authorizes the broker as agent to perform certain services on
his or her behalf.
Referral fees - accurate answers-The federal Real Estate Settlement
Procedures Act (RESPA) allows brokers to pay referral fees between real
estate agents and brokers without disclosure. A Florida broker may pay a
referral fee to, or share a commission with, a broker licensed or registered by
another state or foreign country. The out-of-state or foreign broker may
accompany the customer to Florida, but may not participate in the transaction
in any manner.
