Gold Coast Real Estate Exam Review
◍ Farming. Answer: licensee concentrate on one type or style of
property or on one particular neighborhood
◍ Farm area or target market. Answer: Finding and specializing in a
particular neighborhood or type of property. Considered to be one of the
best ways to succeed in the real estate business
◍ Tract building. Answer: 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
◍ Local level. Answer: Government Regulation:
At the local level, planning and 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
◍ Purpose of the law. Answer: F.S. 475 to protect the public
◍ Commission or FREC. Answer: Refers to the Florida real estate
commission
,◍ Department or DBPR. Answer: Refers to the department of business
and professional regulation
◍ Division or DRE. Answer: Refers to the division of real estate
◍ License. Answer: Means any permit, registration, certificate, or
license issued by the department
◍ Licensee. Answer: Refers to any person to whom a permit,
registration, certificate or license is issued by the department
◍ A BAR SALE. Answer: The most common services of real estate:
Appraising
Buying
Auctioning
Renting
Selling
Advertising
Leasing
Exchanging
◍ Sales associate. Answer: Must be employed by a real estate broker or
owner developer to practice real estate
,*must complete all pre license requirements to obtain their initial license
as a sales associate
◍ Broker. Answer: A person who performs services of real estate as an
agent for another and receives compensation for those services either
directly or indirectly
◍ A Sales Associate transitioning to a Broker. Answer: Must have been
employed under one or more actively licensed brokers for at least 24
months writhing the last 5 yrs before becoming eligible to take the state
broker examination
◍ Additional applicants who qualify to apply for a brokers license
[F.A.C.61J2-2.027(1)(b)]. Answer: Actively licensed real estate sales
associates from another STATE OR NATION who have been Licensed
for at least 24 months during the preceding 5 yrs
◍ Broker Associate. Answer: Someone who is qualified to receive a
broker license but chooses instead to be employed under the direction,
control and management of an actively licensed broker or owner
developer.
In this capacity the broker acts as a sales associate NOT as a broker
◍ Florida real estate license requirements. Answer: An applicant for a
Florida real estate license requirements is NOT required to be a resident
of the state of Florida, or to be a citizen of the United States
, ◍ Florida Mutual recognition. Answer: Florida has entered into
"Contractual agreements" with 7 states that recognize the similarity in
the content of their mutual education and experience requirements for
real estate licensing.
Alabama
Arkansas
Connecticut
Georgia
Mississippi
Illinois
Nebraska
◍ Form #1 DBPR RE 1
"Have you ever been convicted or found guilty of, or entered a plea of
Nolo contendere (no contest) or guilty to, regardless of adjudication, a
crime in any jurisdiction, or are you currently under criminal
investigation?"
The question further defines which offenses are covered. Answer: For
practical purposes, this question requires the disclosure of any criminal
convictions, including felony or misdemeanor convictions or pleas (
other than minor traffic offenses).
DUI is not a minor traffic offense and must be disclosed
◍ Farming. Answer: licensee concentrate on one type or style of
property or on one particular neighborhood
◍ Farm area or target market. Answer: Finding and specializing in a
particular neighborhood or type of property. Considered to be one of the
best ways to succeed in the real estate business
◍ Tract building. Answer: 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
◍ Local level. Answer: Government Regulation:
At the local level, planning and 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
◍ Purpose of the law. Answer: F.S. 475 to protect the public
◍ Commission or FREC. Answer: Refers to the Florida real estate
commission
,◍ Department or DBPR. Answer: Refers to the department of business
and professional regulation
◍ Division or DRE. Answer: Refers to the division of real estate
◍ License. Answer: Means any permit, registration, certificate, or
license issued by the department
◍ Licensee. Answer: Refers to any person to whom a permit,
registration, certificate or license is issued by the department
◍ A BAR SALE. Answer: The most common services of real estate:
Appraising
Buying
Auctioning
Renting
Selling
Advertising
Leasing
Exchanging
◍ Sales associate. Answer: Must be employed by a real estate broker or
owner developer to practice real estate
,*must complete all pre license requirements to obtain their initial license
as a sales associate
◍ Broker. Answer: A person who performs services of real estate as an
agent for another and receives compensation for those services either
directly or indirectly
◍ A Sales Associate transitioning to a Broker. Answer: Must have been
employed under one or more actively licensed brokers for at least 24
months writhing the last 5 yrs before becoming eligible to take the state
broker examination
◍ Additional applicants who qualify to apply for a brokers license
[F.A.C.61J2-2.027(1)(b)]. Answer: Actively licensed real estate sales
associates from another STATE OR NATION who have been Licensed
for at least 24 months during the preceding 5 yrs
◍ Broker Associate. Answer: Someone who is qualified to receive a
broker license but chooses instead to be employed under the direction,
control and management of an actively licensed broker or owner
developer.
In this capacity the broker acts as a sales associate NOT as a broker
◍ Florida real estate license requirements. Answer: An applicant for a
Florida real estate license requirements is NOT required to be a resident
of the state of Florida, or to be a citizen of the United States
, ◍ Florida Mutual recognition. Answer: Florida has entered into
"Contractual agreements" with 7 states that recognize the similarity in
the content of their mutual education and experience requirements for
real estate licensing.
Alabama
Arkansas
Connecticut
Georgia
Mississippi
Illinois
Nebraska
◍ Form #1 DBPR RE 1
"Have you ever been convicted or found guilty of, or entered a plea of
Nolo contendere (no contest) or guilty to, regardless of adjudication, a
crime in any jurisdiction, or are you currently under criminal
investigation?"
The question further defines which offenses are covered. Answer: For
practical purposes, this question requires the disclosure of any criminal
convictions, including felony or misdemeanor convictions or pleas (
other than minor traffic offenses).
DUI is not a minor traffic offense and must be disclosed
