GOLD COAST EXAM SCRIPT 2026 REAL EXAM
300 QUESTIONS WITH ACCURATE SOLUTIONS
GRADED A+
◉ accretion. Answer: Increase in land area as moving water deposits
soil in other than its original location
◉ Security deposit. Answer: 15 days if no intention for claim
◉ Redlining. Answer: A discriminatory real estate practice in North
America in which members of minority groups are prevented from
obtaining money to purchase homes or property in predominantly
white neighborhoods. The practice derived its name from the red
lines depicted on cadastral maps used by real estate agents and
developers. Today, redlining is officially illegal.
◉ Blockbusting. Answer: Illegal practice of inducing homeowners to
sell their properties by telling them that a certain people of a certain
race, national origin or religion are moving into the area
◉ What can a judge do to compel attendance of a witness?. Answer:
Issue a subpoena
,◉ When does a concealment occur?. Answer: When a broker fails to
disclose info
◉ Title insurance is not what ?. Answer: Prorated or required by law
◉ Following business may not register to broker real estate ?.
Answer: Corporate sole, cooperative association, business trust
◉ Following business may register with department to perform
brokerage services?. Answer: Sole proprietorship, corporation for
profit , limited partnership
◉ What is arbitration?. Answer: All parties give written consent they
abide by arbitrators decision
◉ Mediation is what ?. Answer: Non binding and all parties give
written consent cannot impose a decision
◉ When to deposit escrow fund ?. Answer: Immediately no later
then end of third business day
◉ What is escrow dispute?. Answer: When buyer or seller demand
broker of release if escrowed funds , give written consent within 15
days resolve within 30
, ◉ What is escrow account ?. Answer: Not allowed to commingle it's
a trust account savings account , bank , title company , credit union
in Florida
◉ Can we receive a post dated check ?. Answer: Can be accepted as
earnest money with sellers approval and immediately given to
broker
◉ What is a principle office requirement ?. Answer: Office must have
one enclosed room in a building on stationary construction it is
transferable
◉ Can you share a brokerage compensation ?. Answer: Yes can share
with a party to the transaction with full disclosure to all interested
parties not a violation of fs 475
◉ What is a single agent ?. Answer: A broker represents a seller OR
buyer can't represent both illegal dual agency
◉ What is broker duty ?. Answer: Transmit any and all offers made
without binder deposit , fiduciary
◉ What is a sub-agent?. Answer: General agent of the broker same
duties
300 QUESTIONS WITH ACCURATE SOLUTIONS
GRADED A+
◉ accretion. Answer: Increase in land area as moving water deposits
soil in other than its original location
◉ Security deposit. Answer: 15 days if no intention for claim
◉ Redlining. Answer: A discriminatory real estate practice in North
America in which members of minority groups are prevented from
obtaining money to purchase homes or property in predominantly
white neighborhoods. The practice derived its name from the red
lines depicted on cadastral maps used by real estate agents and
developers. Today, redlining is officially illegal.
◉ Blockbusting. Answer: Illegal practice of inducing homeowners to
sell their properties by telling them that a certain people of a certain
race, national origin or religion are moving into the area
◉ What can a judge do to compel attendance of a witness?. Answer:
Issue a subpoena
,◉ When does a concealment occur?. Answer: When a broker fails to
disclose info
◉ Title insurance is not what ?. Answer: Prorated or required by law
◉ Following business may not register to broker real estate ?.
Answer: Corporate sole, cooperative association, business trust
◉ Following business may register with department to perform
brokerage services?. Answer: Sole proprietorship, corporation for
profit , limited partnership
◉ What is arbitration?. Answer: All parties give written consent they
abide by arbitrators decision
◉ Mediation is what ?. Answer: Non binding and all parties give
written consent cannot impose a decision
◉ When to deposit escrow fund ?. Answer: Immediately no later
then end of third business day
◉ What is escrow dispute?. Answer: When buyer or seller demand
broker of release if escrowed funds , give written consent within 15
days resolve within 30
, ◉ What is escrow account ?. Answer: Not allowed to commingle it's
a trust account savings account , bank , title company , credit union
in Florida
◉ Can we receive a post dated check ?. Answer: Can be accepted as
earnest money with sellers approval and immediately given to
broker
◉ What is a principle office requirement ?. Answer: Office must have
one enclosed room in a building on stationary construction it is
transferable
◉ Can you share a brokerage compensation ?. Answer: Yes can share
with a party to the transaction with full disclosure to all interested
parties not a violation of fs 475
◉ What is a single agent ?. Answer: A broker represents a seller OR
buyer can't represent both illegal dual agency
◉ What is broker duty ?. Answer: Transmit any and all offers made
without binder deposit , fiduciary
◉ What is a sub-agent?. Answer: General agent of the broker same
duties
