Real Estate Law

Gold Coast Real Estate Exam Verified 100% PASS!! Tract building When a dev. Acquired land, records a plat map and uses a model center from which sales may be made Local level 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 Broker associate A licensed broker working for another broker False A florida real estate license applicant ...

GOLD COAST REAL ESTATE EXAM One type of a residential sales transaction involves the sale of any improved residential property of (________) units or less Four The term __________ is registered trademark of the National Association of Realtors and may be used only by members of the organization Realtor Most real estate licensees are involved in ______________ brokerage Residential An estimate of the value of property developed by a real estate licensee for use in listing or se...

GOLD COAST REAL ESTATE EXAM Farming when a licensee focuses on one type or style of property or one particular neighborhood farm area target market; one of the best ways to succeed in real estate Areas of expert knowledge required for all real estate licensees 1. Property Transfer 2. Valuation and Market Conditions 3. Marketing (consider MLS; Multiple Listing Service) Residential Transaction F.S 475 The sale of any improved residential property of 4 units or fewer. Unimpr...

GOLD COAST PRACTICE EXAMS Complete Questions with A+ Graded Answers UPDATED 2024 Which statement provides the basic justification for zoning? A. There must be regulations in place to prevent pollution B. The government does not want to encourage land development C. The inappropriate use of one's property may affect the value of another D. Professional planners want to control development C. The inappropriate use of one's property may affect the value of another What is the rational...

Chapter 4 Gold Coast Real Estate Homework Complete Questions and Correct Answers Who owes fiduciary duties in a single agency relationship? (a) The broker only (b) The principal only (c) Both parties (d) Neither party (a) The broker only All of the following activities are exempt from the requirement to provide disclosures under the Brokerage Relationship Disclosure Act, EXCEPT: (a) Sales staff at a new development center (b) Showing property to a party that is not being represente...

Chapter 5 Gold Coast Real Estate Homework Complete Questions and Correct Answers A sales associate licensed with a real estate brokerage corporation can be which of the following? (a) An officer (b) A stockholder (c) A director (d) An officer and a director (b) A stockholder Six individuals decide to form a real estate brokerage partnership. All six individuals are planning to be active in real estate sales. Which statement best applies? (a) The partnership must be registered wi...

Transfer fees can be assessed on real property sales at a rate of - $1.85 per $500 of the sales price and are typically paid by the seller. All advertisements must include - the full name of the licensee's real estate brokerage firm. If a licensee is part of a team, the team name needs to be included as well. The broker-in-charge must notify the real estate commission of changes to name or contact information within ___ days - 10 days Unlicensed assistants may perform administrative tasks...

Texas Real Estate Investment Exam Questions and Answers Martin placed all of his real estate investments in a trust, and the proceeds are distributed through the trust to his son Nathan. Martin still manages the properties indirectly, and Nathan currently benefits, as he's past the required beneficiary age of 18. What type of trust is this? -Answer-Living trust How can liens, such as those created by non-payment of federal income tax, result in mortgage default? -Answer-New liens can thr...

An individual who performs real estate services is considered a broker if - Answer the services are performed for another and for a valuable consideration. A person who collects rents is considered a broker if - Answer the person receives a fee or commission for doing so. Which of the following duties is one that a broker might perform in his activities as a broker? - Answer Buy or offer to buy real estate The Commission has the authority, under statutory law, to take disciplinary...

A purchase contract required that the property be free of tenants when the property conveyance occurred. On the day of closing, the tenants were still living in the property. Who is responsible for ensuring that tenants vacated the property prior to closing? The seller A real estate broker enters into an agreement to represent a buyer who is seeking a property to purchase, and remains a single agent throughout the transaction. A seller with whom this broker negotiates is this broker's ...