Gold Coast Real
Estate
1. Tract building: When a dev. Acquired land, records a plat map and uses a
model center from which sales may be made
2. Local level: 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
3. Broker associate: A licensed broker working for another broker
4. False: A florida real estate license applicant must be a resident and citizen
(true or false)
5. Application Denial: You have 21 days to send a formal letter to the
department for a hearing if:
6. One: How mang brokers can a sales or broker associate work for
7. Post license requirements: No grace period
8. Sales associate first renewal: No grace period
9. Exempt from licensure: Attorney in fact/ Attorney at Law
10. Attorneys at law: My perform legal services on behalf ofntheir clients; they
may prepare documents, handle closings, and give legal advice.
11. Involuntary inactive: An individual who does not request renewal of their
sec- ond or subsequent lecense, pay the required fees, or maintain their
continuing education requirements will have their license placed in
12. 2 years: A license may remain in involuntary inactive status for no longer than
13. Special Agent: 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
14. Presenting offers: A broker has a buty to transmit any and all offers to
the employer including oral offers or offers made without a binder deposit
15. Limited: A transaction broker provides what kind of representation
16. Single agent: this agency relationship is created when a broker accepts
employ- ment under a single agency agreement. A broker may represent a seller
or buyer , or a landlord or tenant.
17. Principal: In a single agency relationship, the employer becomes the
18. For sale By owner: Non Representation or (No Brokerage Relationship
can also be called)
19. FSBO: For sale by owner can also be called
20. Stationary Construction: 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
21. Others: Licencees should make clear that they are dealing on their own
account and not acting on the behalf of
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, Gold Coast Real
Estate
22. Public: Licencees should make known their status as licencees to members
of the
23. Serious negotiations: This Disclosure should be made prior to entering into
24. Deposit: A form of Money, personal property, real property, or anything of
value that is capable of being converted into cash.
25. Closing: Typically the deposit is intended as partial payment of the
purchase price at?
26. Post dated checks: Are considered to be promissory notes and can be
accept- ed as earnest money with the seller's approval.
27. True: When a deposit is placed, or is to be placed, with a title company or an
attorney, the licensee who prepared or presented the sales contract must
indicate on that contract the name, address, and telephone number of the title
company or attorney with whom the deposit was placed (True or False)
28. Escrow or trust account: May be held in a commercial bank, title company
which has trust powers, credit union, or savings and loan association located in
the state of Florida
29. cannot: The escrow account be held in a stock or bond brokerage hous
30. Commingle: A broker is not allowed to or deposit the personal
funds of any person with any funds being held in escrow, trust or on condition
31. Next business day: A sales associate or broker associate who receives an
earnest money deposit on behalf of his or her employer must deliver the
deposit to the employer no later than the following the receipt
32. True: A broker must immediately place the earnest money deposit in a
escrow or trust account. (True or False)
33. Immadiately: Defined as "No later than the end of the third business
day following receipt"
34. escrow dispute: Conflicting requests in which both the buyer and the
seller demand that the broker release escrowed funds is called an
35. written notification: If a broker receives conflicting demansafor escrowed
funds, or if the broker has good-faith doubt as to which person is entitled to
the escrow property, the broker must give to the commission
36. 15 days: Notification to the commission must be made within from
the date of the last party's demand.
37. 10 days: A sales associate must report any change of employer or change of
address within of the change to the Department on a form prescribed for
such use.
38. 60 days: Any resident licensee who becomes a nonresident must notify
the Commission of the change in residency within
39. False: A non- US Citizen can be denied (True or False)
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Estate
1. Tract building: When a dev. Acquired land, records a plat map and uses a
model center from which sales may be made
2. Local level: 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
3. Broker associate: A licensed broker working for another broker
4. False: A florida real estate license applicant must be a resident and citizen
(true or false)
5. Application Denial: You have 21 days to send a formal letter to the
department for a hearing if:
6. One: How mang brokers can a sales or broker associate work for
7. Post license requirements: No grace period
8. Sales associate first renewal: No grace period
9. Exempt from licensure: Attorney in fact/ Attorney at Law
10. Attorneys at law: My perform legal services on behalf ofntheir clients; they
may prepare documents, handle closings, and give legal advice.
11. Involuntary inactive: An individual who does not request renewal of their
sec- ond or subsequent lecense, pay the required fees, or maintain their
continuing education requirements will have their license placed in
12. 2 years: A license may remain in involuntary inactive status for no longer than
13. Special Agent: 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
14. Presenting offers: A broker has a buty to transmit any and all offers to
the employer including oral offers or offers made without a binder deposit
15. Limited: A transaction broker provides what kind of representation
16. Single agent: this agency relationship is created when a broker accepts
employ- ment under a single agency agreement. A broker may represent a seller
or buyer , or a landlord or tenant.
17. Principal: In a single agency relationship, the employer becomes the
18. For sale By owner: Non Representation or (No Brokerage Relationship
can also be called)
19. FSBO: For sale by owner can also be called
20. Stationary Construction: 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
21. Others: Licencees should make clear that they are dealing on their own
account and not acting on the behalf of
This study source was downloaded by 100000899562747 from CourseHero.com on 06-11-2025 10:57:17 GMT -05:00
1/
9
https://www.coursehero.com/file/249869891/Gold-Coast-Real-Estatedocx/
, Gold Coast Real
Estate
22. Public: Licencees should make known their status as licencees to members
of the
23. Serious negotiations: This Disclosure should be made prior to entering into
24. Deposit: A form of Money, personal property, real property, or anything of
value that is capable of being converted into cash.
25. Closing: Typically the deposit is intended as partial payment of the
purchase price at?
26. Post dated checks: Are considered to be promissory notes and can be
accept- ed as earnest money with the seller's approval.
27. True: When a deposit is placed, or is to be placed, with a title company or an
attorney, the licensee who prepared or presented the sales contract must
indicate on that contract the name, address, and telephone number of the title
company or attorney with whom the deposit was placed (True or False)
28. Escrow or trust account: May be held in a commercial bank, title company
which has trust powers, credit union, or savings and loan association located in
the state of Florida
29. cannot: The escrow account be held in a stock or bond brokerage hous
30. Commingle: A broker is not allowed to or deposit the personal
funds of any person with any funds being held in escrow, trust or on condition
31. Next business day: A sales associate or broker associate who receives an
earnest money deposit on behalf of his or her employer must deliver the
deposit to the employer no later than the following the receipt
32. True: A broker must immediately place the earnest money deposit in a
escrow or trust account. (True or False)
33. Immadiately: Defined as "No later than the end of the third business
day following receipt"
34. escrow dispute: Conflicting requests in which both the buyer and the
seller demand that the broker release escrowed funds is called an
35. written notification: If a broker receives conflicting demansafor escrowed
funds, or if the broker has good-faith doubt as to which person is entitled to
the escrow property, the broker must give to the commission
36. 15 days: Notification to the commission must be made within from
the date of the last party's demand.
37. 10 days: A sales associate must report any change of employer or change of
address within of the change to the Department on a form prescribed for
such use.
38. 60 days: Any resident licensee who becomes a nonresident must notify
the Commission of the change in residency within
39. False: A non- US Citizen can be denied (True or False)
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