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Gold coast Real Estate Questions and Answers (100% Correct Answers) Already Graded A+

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Gold coast Real Estate Questions and Answers (100% Correct Answers) Already Graded A+

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Gold coast Real Estate Questions and
Answers (100% Correct Answers) Already
Graded A+


Farming [ Ans: ] one type or style of property or on one particular
neighborhood (chapter 1)
Farm Area (Target Market) [ Ans: ] The area in which a real
estate professional concentrates their efforts. (chapter 1)
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Comparative Market Analysis (CMA) [ Ans: ] A value estimate
based on recent sales of similar properties in the same
neighborhood (not referred to as an appraisal) ch. 1
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MULITPLE LISTING SERVICE (MLS) [ Ans: ] provides the opportunity
to market listings to a thousand of other local and statewide
licensees and potential buyers (ch. 1)
Tract building [ Ans: ] when a developer acquires a large tract of
land, records a subdivision plat map, and uses a model center
from which sales may be made. (ch. 1)
local level [ Ans: ] 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 (ch. 1)
comission [ Ans: ] Florida Real Estate Commission (FREC)
Department [ Ans: ] The department of Business and Professional
Regulations (DBPR)
Divison [ Ans: ] Division of Real Estate (DRE)
Broker Associate [ Ans: ] A person who holds a broker's license
but chooses to register and work in real estate under the direction
of another broker.

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Do you have to be a resident or citizen of the United States to
apply for a Florida real estate license? [ Ans: ] No
Application Denial [ Ans: ] You have 21 days to send a formal
letter to the department for a hearing if:
Employment by a broker [ Ans: ] licensed and regsistered
only can work for 1 broker at a time
Employment by an owner-developer [ Ans: ] An owner -
developer is an individual or entity who is in the business of buying,
owning, and/or developing real estate. The owner- developer
must register with the Department but does not receive a real
estate license.
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Sales associate first renewal [ Ans: ] - 45 hour post license course
- no grace period
Attorney-in-fact [ Ans: ] A person given the authority to act on
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behalf of another under a power of attorney.
Powers of the Department [ Ans: ] - seek an injunction against a
licensee for not following department order
- can;t issue it tho
executive power of commissions [ Ans: ] can be exercised by
the chairperson acting alone or can be delegated by quorum by
vote of commission member
Disciplinary Authority of the Commission [ Ans: ] A licensee who is
found to be guilty of a violation may receive one of the following
disciplinary actions,
1. Be issued a reprinted or an administrative fine up to $5,000 per
offense
2. Be placed on probation
3. Have their license suspended for up to 10 years or permanently
revoked.
Subsequent renewals [ Ans: ] -Biennial, CE 14 hours

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