Real Estate Gold Coast Test Prep UPDATED
ACTUAL Exam Questions and CORRECT
Answers
What is an owner-employer referred to as? - CORRECT ANSWER - A Developer
Are businesses licensed? - CORRECT ANSWER - No they are registered
If you don't do your post license class by the time you must renew what is the status of your
license? - CORRECT ANSWER - It is void
If your application is denied what must you do? - CORRECT ANSWER - submit a written
notice and request a formal hearing
What is it called when you have a brokers license but work for a broker? - CORRECT
ANSWER - A brokers associate
What is mutual recognition? - CORRECT ANSWER - We recognize other states licenses
and they recognize ours
What are the post license requirements? - CORRECT ANSWER - 45 hours
What is the chapter number for the DBPR? - CORRECT ANSWER - 455
What is the chapter number for FREC? - CORRECT ANSWER - 475
What is another name for a power of attorney? - CORRECT ANSWER - Attorney in fact
, What can the DBPR not issue? - CORRECT ANSWER - An injunction
The chairperson of frec has what powers? - CORRECT ANSWER - Executive powers
How long can your license remain in an involuntary inactive status? - CORRECT
ANSWER - 2 years
What is necessary for a broker to open several brokerages? - CORRECT ANSWER -
Multiple Licenses
What is the maximum fine for FREC? - CORRECT ANSWER - $5000 per offense
If a corporation loses its registration what happens to its employees? - CORRECT
ANSWER - They become involuntary inactive
If you no longer want to do real estate and you turn your license in it is? - CORRECT
ANSWER - Canceled
What must you do as soon as you pass the state exam before you are considered active? -
CORRECT ANSWER - Register with the DBPR under a broker
How many members of FREC must be brokers? - CORRECT ANSWER - 4 members
What is a special agent? - CORRECT ANSWER - When a single act is performed
What is it called when you represent both parties fully? - CORRECT ANSWER - Dual
agency; Illegal violation of 475
If a broker does not pay who can you sue? - CORRECT ANSWER - The broker
ACTUAL Exam Questions and CORRECT
Answers
What is an owner-employer referred to as? - CORRECT ANSWER - A Developer
Are businesses licensed? - CORRECT ANSWER - No they are registered
If you don't do your post license class by the time you must renew what is the status of your
license? - CORRECT ANSWER - It is void
If your application is denied what must you do? - CORRECT ANSWER - submit a written
notice and request a formal hearing
What is it called when you have a brokers license but work for a broker? - CORRECT
ANSWER - A brokers associate
What is mutual recognition? - CORRECT ANSWER - We recognize other states licenses
and they recognize ours
What are the post license requirements? - CORRECT ANSWER - 45 hours
What is the chapter number for the DBPR? - CORRECT ANSWER - 455
What is the chapter number for FREC? - CORRECT ANSWER - 475
What is another name for a power of attorney? - CORRECT ANSWER - Attorney in fact
, What can the DBPR not issue? - CORRECT ANSWER - An injunction
The chairperson of frec has what powers? - CORRECT ANSWER - Executive powers
How long can your license remain in an involuntary inactive status? - CORRECT
ANSWER - 2 years
What is necessary for a broker to open several brokerages? - CORRECT ANSWER -
Multiple Licenses
What is the maximum fine for FREC? - CORRECT ANSWER - $5000 per offense
If a corporation loses its registration what happens to its employees? - CORRECT
ANSWER - They become involuntary inactive
If you no longer want to do real estate and you turn your license in it is? - CORRECT
ANSWER - Canceled
What must you do as soon as you pass the state exam before you are considered active? -
CORRECT ANSWER - Register with the DBPR under a broker
How many members of FREC must be brokers? - CORRECT ANSWER - 4 members
What is a special agent? - CORRECT ANSWER - When a single act is performed
What is it called when you represent both parties fully? - CORRECT ANSWER - Dual
agency; Illegal violation of 475
If a broker does not pay who can you sue? - CORRECT ANSWER - The broker
