GOLD COAST FINAL EXAM 2026 PREMIUM
REVIEW QUESTIONS CORRECT RESPONSES
◉ When a sales associate has not received his compensation, what
can they do? Answer: sue employing broker only
◉ How many days does one have to notify the commission of a
change of address or employer Answer: 60
◉ Real Estate Brokerage Partnership Answer: -all must register w.
DBPR
◉ If all the partners in a Real Estate Brokerage Partnership want to
be active in real estate sales, what must they do/be? Answer: all
must be a licensed broker
◉ Does a corporation for profit between a broker and associate
dealing with investments need to be registered? Answer: No, a for
profit corporation dealing w. investments does not need to be
registered with any department
◉ What are the 7 businesses that may register with the department
to perform brokerage services? Answer: 6 of 7 have the letter P... the
only one that doesn't is LLC
, -sole Proprietorship
-corporation for Profit
-Not-for-Profit corporation
-LLC
-general Partnership
-limited Partnership
-limited liability Partnership
◉ what do the following businesses that may not register to broker
real estate have in common Answer: they don't have the letter P in it
or LLC
◉ culpable negligence Answer: occurs if a broker operates in a
reckless, careless, and excessively negligent manner. negligence for
which one can be held legally accountable
◉ misrepresentation Answer: omission or misstatement of facts
◉ Appeal a final order Answer: request review with district court of
APPEAL
◉ Where does the money come from for the Recovery Fund?
Answer: fees and fines
REVIEW QUESTIONS CORRECT RESPONSES
◉ When a sales associate has not received his compensation, what
can they do? Answer: sue employing broker only
◉ How many days does one have to notify the commission of a
change of address or employer Answer: 60
◉ Real Estate Brokerage Partnership Answer: -all must register w.
DBPR
◉ If all the partners in a Real Estate Brokerage Partnership want to
be active in real estate sales, what must they do/be? Answer: all
must be a licensed broker
◉ Does a corporation for profit between a broker and associate
dealing with investments need to be registered? Answer: No, a for
profit corporation dealing w. investments does not need to be
registered with any department
◉ What are the 7 businesses that may register with the department
to perform brokerage services? Answer: 6 of 7 have the letter P... the
only one that doesn't is LLC
, -sole Proprietorship
-corporation for Profit
-Not-for-Profit corporation
-LLC
-general Partnership
-limited Partnership
-limited liability Partnership
◉ what do the following businesses that may not register to broker
real estate have in common Answer: they don't have the letter P in it
or LLC
◉ culpable negligence Answer: occurs if a broker operates in a
reckless, careless, and excessively negligent manner. negligence for
which one can be held legally accountable
◉ misrepresentation Answer: omission or misstatement of facts
◉ Appeal a final order Answer: request review with district court of
APPEAL
◉ Where does the money come from for the Recovery Fund?
Answer: fees and fines
