1
For Expert help and assignment solutions, +254707240657
Gold Coast Real Estate Questions and
Answers (100% Correct Answers) Already
Graded A+
How long must a broker maintain records/files [ Ans: ] 5 years (2
years after court proceeding)
Registered with DBPR, at least one room, records kept there, may
be in broker's home if zoning permits [ Ans: ] Broker office
© 2025 Assignment Expert
requirements
Deposit accompanying offer [ Ans: ] Earnest money
Commercial bank, title company having trust powers, credit
Guru01 - Stuvia
union, or savings association located in the state of FL [ Ans: ]
Broker's escrow account or trust account
Max for broker sales escrow account [ Ans: ] $1,000
How long to fill out Irrevocable consent to service [ Ans: ] 60
days
Max for broker property management escrow account [ Ans: ]
$5,000
Unathorized control or use of another person's personal funds [
Ans: ] Conversion
Broker either cannot or will not produce money or property
belonging to another when required [ Ans: ] Failure to account
When must sales associates and broker associates deliver earnest
money to broker [ Ans: ] Immediately (no later than end of next
business day)
When must broker deposit earnest money in escrow trust account
[ Ans: ] Immediately (no later than end of the 3rd business day)
With escrow dispute, how long does broker have to notify FREC [
Ans: ] 15 days
, 2
For Expert help and assignment solutions, +254707240657
How long does broker have to institue an authorized settlment
procedure with escrow dispute [ Ans: ] 30 business days
Where does broker's sign need to be [ Ans: ] On or near the
entrance to the office
Firm name, broker name, Lic. RE broker [ Ans: ] What's on a
broker office sign
What must be on an advertisement [ Ans: ] Brokerage firm name
(associate name not required, but last name if used must be same
as registered with DBPR)
Ad with only phone number and address [ Ans: ] Blind ad (illlegal
in FL unless selling own house)
© 2025 Assignment Expert
Illegal practice of mixing the broker's personal funds with the
escrow funds [ Ans: ] Commingling
Rentals, can get refund within 30 days, __% if rental not obtained,
Guru01 - Stuvia
__% if not current or is inaccurate [ Ans: ] 75% not obtained, 100%
not current
When a broker fails to disclose information to a party, to whom to
broker has such a duty, and tht is material to his or her decision [
Ans: ] Concealment
When a broker operates in a reckless, careless and excessively
negligent manner [ Ans: ] Culpable negligence
The misstatement or omission of facts [ Ans: ] Misrepresentation
Selling (a charge) chances to induce someone to buy real estate
[ Ans: ] Lotteries
Provides brokerage services for others and at least one partner
must be a broker (none can be sales associates) [ Ans: ] Real
estate brokerage partnership
One general partner and at least one limited partner [ Ans: ]
Limited partnership
Temporary business involving a single transaction or a
predetermined number of transactions, joint and several liability [
Ans: ] Joint venture (adventure)
, 3
For Expert help and assignment solutions, +254707240657
Up to 1 year in jail and/or $1000 fine [ Ans: ] First degree
misdemeanor, false advertising, culpable negligence
Up to $500 and/or 60 days jail [ Ans: ] Second degree
misdemeanor, rental information violations
Up to $5000 fine and/or 5 years jail, acting as broker or sales
associate without license [ Ans: ] 3rd degree felony
Maximum administrative penalty (per offense) [ Ans: ] $5,000
Maximum suspension of license [ Ans: ] 10 years
Can FREC deny payment of comission or imprison? [ Ans: ] no
Intermediary between FREC and DBPR [ Ans: ] DRE
© 2025 Assignment Expert
How long to correct notice of noncompliance [ Ans: ] 15 days
Max real estate recovery fund (compensatory) [ Ans: ] $50k for
single transaction or $150k for multiple transactions againstone
licensee
Guru01 - Stuvia
An act contrary to honesty, good morals or accepted customs [
Ans: ] Moral turpitude
How many days to replace loss of active broker [ Ans: ] 14 days
No partnership exists, but public has reason to believe that one
does [ Ans: ] Ostensible (quasi) partnership
Prohibits discrimination on the basis of race only [ Ans: ] Civil
rights act of 1866
Prohibits discrimination based on race, color, religion, sex, national
origin, handicap, family status [ Ans: ] Cvil rights act of 1968 (fair
housing act)
Inducing owners to sell based on the entry of members of a
protected class moving into neighborhood [ Ans: ] Blockbusting
Limiting housing choices based on protected class [ Ans: ]
Steering (channeling)
Denying loans or insurance in certain neighborhood based on
protected class [ Ans: ] Redlining
For Expert help and assignment solutions, +254707240657
Gold Coast Real Estate Questions and
Answers (100% Correct Answers) Already
Graded A+
How long must a broker maintain records/files [ Ans: ] 5 years (2
years after court proceeding)
Registered with DBPR, at least one room, records kept there, may
be in broker's home if zoning permits [ Ans: ] Broker office
© 2025 Assignment Expert
requirements
Deposit accompanying offer [ Ans: ] Earnest money
Commercial bank, title company having trust powers, credit
Guru01 - Stuvia
union, or savings association located in the state of FL [ Ans: ]
Broker's escrow account or trust account
Max for broker sales escrow account [ Ans: ] $1,000
How long to fill out Irrevocable consent to service [ Ans: ] 60
days
Max for broker property management escrow account [ Ans: ]
$5,000
Unathorized control or use of another person's personal funds [
Ans: ] Conversion
Broker either cannot or will not produce money or property
belonging to another when required [ Ans: ] Failure to account
When must sales associates and broker associates deliver earnest
money to broker [ Ans: ] Immediately (no later than end of next
business day)
When must broker deposit earnest money in escrow trust account
[ Ans: ] Immediately (no later than end of the 3rd business day)
With escrow dispute, how long does broker have to notify FREC [
Ans: ] 15 days
, 2
For Expert help and assignment solutions, +254707240657
How long does broker have to institue an authorized settlment
procedure with escrow dispute [ Ans: ] 30 business days
Where does broker's sign need to be [ Ans: ] On or near the
entrance to the office
Firm name, broker name, Lic. RE broker [ Ans: ] What's on a
broker office sign
What must be on an advertisement [ Ans: ] Brokerage firm name
(associate name not required, but last name if used must be same
as registered with DBPR)
Ad with only phone number and address [ Ans: ] Blind ad (illlegal
in FL unless selling own house)
© 2025 Assignment Expert
Illegal practice of mixing the broker's personal funds with the
escrow funds [ Ans: ] Commingling
Rentals, can get refund within 30 days, __% if rental not obtained,
Guru01 - Stuvia
__% if not current or is inaccurate [ Ans: ] 75% not obtained, 100%
not current
When a broker fails to disclose information to a party, to whom to
broker has such a duty, and tht is material to his or her decision [
Ans: ] Concealment
When a broker operates in a reckless, careless and excessively
negligent manner [ Ans: ] Culpable negligence
The misstatement or omission of facts [ Ans: ] Misrepresentation
Selling (a charge) chances to induce someone to buy real estate
[ Ans: ] Lotteries
Provides brokerage services for others and at least one partner
must be a broker (none can be sales associates) [ Ans: ] Real
estate brokerage partnership
One general partner and at least one limited partner [ Ans: ]
Limited partnership
Temporary business involving a single transaction or a
predetermined number of transactions, joint and several liability [
Ans: ] Joint venture (adventure)
, 3
For Expert help and assignment solutions, +254707240657
Up to 1 year in jail and/or $1000 fine [ Ans: ] First degree
misdemeanor, false advertising, culpable negligence
Up to $500 and/or 60 days jail [ Ans: ] Second degree
misdemeanor, rental information violations
Up to $5000 fine and/or 5 years jail, acting as broker or sales
associate without license [ Ans: ] 3rd degree felony
Maximum administrative penalty (per offense) [ Ans: ] $5,000
Maximum suspension of license [ Ans: ] 10 years
Can FREC deny payment of comission or imprison? [ Ans: ] no
Intermediary between FREC and DBPR [ Ans: ] DRE
© 2025 Assignment Expert
How long to correct notice of noncompliance [ Ans: ] 15 days
Max real estate recovery fund (compensatory) [ Ans: ] $50k for
single transaction or $150k for multiple transactions againstone
licensee
Guru01 - Stuvia
An act contrary to honesty, good morals or accepted customs [
Ans: ] Moral turpitude
How many days to replace loss of active broker [ Ans: ] 14 days
No partnership exists, but public has reason to believe that one
does [ Ans: ] Ostensible (quasi) partnership
Prohibits discrimination on the basis of race only [ Ans: ] Civil
rights act of 1866
Prohibits discrimination based on race, color, religion, sex, national
origin, handicap, family status [ Ans: ] Cvil rights act of 1968 (fair
housing act)
Inducing owners to sell based on the entry of members of a
protected class moving into neighborhood [ Ans: ] Blockbusting
Limiting housing choices based on protected class [ Ans: ]
Steering (channeling)
Denying loans or insurance in certain neighborhood based on
protected class [ Ans: ] Redlining
