Gold Coast School Real Estate Questions With Correct Verified Answers

Gold Coast School Real Estate
Questions

What is an illegal blind advertisement?


A. A real estate advertisement that does not contain the name of the sales

associate


B. A real estate advertisement that does not include the broker's personal name


C. A real estate advertisement that does not contain the registered or trade

name of the broker or that is not clearly an advertisement of a real estate

broker


D. A real estate advertisement that does not include the REALTOR trademark -

✔ ✔ C. A real estate advertisement that does not contain the registered or

trade name of the broker or that is not clearly an advertisement of a real estate

broker


A licensee provided rental list information for a fee to a prospective tenant. If

the information provided was materially inaccurate about available Rental

property, what recourse does the prospective tenant have?

,A. The prospective tenant can sue the licensee for damages in civil court


B. The prospective tenant has no recourse if the licensee can demonstrate that

he or she did not intentionally mislead the tenant


C. The prospective tenant can demand a refund of 75% of the fee within 30 days

of the date of the contract with the licensee


D. The prospective tenant can demand a full refund of the fee within 30 days of

the date of the contact with the licensee - Correct Answer ✔️✔️D. The

prospective tenant can demand a full refund of the fee within 30 days of the

date of the contact with the licensee


If a licensee provides rental list information for a prospective tenant for a fee

and the tenant does not consider any of the available rental properties suitable,

what recourse does the tenant have?


A. The prospective tenant has no recourse if the licensee has made a good faith

attempt to locate a rental property for the tenant


B. The prospective tenant can demand a refund of 75% of the fee within 30 days

of the date of the contractor with the licensee


C. The prospective tenant can file a complaint with the Commission

,D. The prospective tenant can demand a full refund of the fee within 30 days of

the date of the contract with the licensee - Correct Answer ✔️✔️B. The

prospective tenant can demand a refund of 75% of the fee within 30 days of the

date of the contractor with the licensee


In addition to possible disciplinary action by the Commission, a broker or sales

associate who is found guilty of providing inaccurate information about rental

property is subject to what criminal penalty?


A. First degree misdemeanor


B. Third degree felony


C. Second degree felony


D. Second degree misdemeanor - Correct Answer ✔️✔️


What are the four dispute settlement procedures? - Correct Answer ✔️✔

️Mediation


Escrow disbursement order


Arbitration


Litigation(court action)

, According to F.S. 475, all of the following transactions are considered residential

transactions, EXCEPT:


A. A lease on a unit in a duplex, with an option to purchase the unit


B. The sale of a 10-unit apartment building


C. The sale of an eight-acre strawberry farm


D. The sale of a lot that is zoned for a single-family home - Correct Answer ✔

️✔️B. The sale of a 10-unit apartment building


Which of the following best defines appraising?


A. The process of determining the amount of equity in real property


B. The process of establishing the asking price of real property


C. The process of establishing the firm value of real property


D. The process of developing an opinion of the value of real property - Correct

Answer ✔️✔️D. The process of developing an opinion of the value of real

property


On what is an appraisal fee based?