Gold Coast Schools Real Estate Exam |
Questions with 100% Correct Answers | Verified
| Latest Update 2026/2027
1.Farming: when a licensee focuses on one type or style of property or one particular
neighborhood
2.farm area: target market; one of the best ways to succeed in real estate
3.Areas of expert knowledge required for all real estate licensees:
a) Property Transfer
b) Valuation and Market Conditions
c) Marketing (consider MLS; Multiple Listing Service)
4. Residential Transaction: F.S 475
The sale of any improved residential property of 4 units or fewer.
Unimproved property intended for 4 units or fewer.
Agricultural properties 10 acres or less
5. Tract Building: 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.
6. Moratorium: a temporary suspension of activity; an authorized delay for a building
project
7. What does the term "Commission" refer to?: Florida Real Estate Commission (FREC)
Deals with all things real estate in Florida
8. What does the term "Department" refer to?: Department of Business and
Professional Regulation (DBPR)
,Issues every and any license
9. Broker: A person who performs services of real estate as a n agent for another and
receives compensation for those services either directly or indirectly.
10. Can a sales associate be compensated directly from the customer?: No, they can
only receive their compensation directly from their employing broker
11. What are the requirements for a sales associate to become a broker?: The
sales associate must have been employed under one or more actively licensed brokers
for at least 24 months within the preceding 5 years before becoming eligible to take
broker examination (licensure under an owner-developer does not satisfy this
requirement)
12. Broker Associate: An individual who is qualified to be issued a broker's license but
who operates as a sales associate in the employ of another broker. Glorified sales
associate.
13. Does an applicant for the Florida Real Estate license have to be a resident of the
state or country?: No [F.S. 455. 10]
14 What is the first question in the application for the Sales Associate license?-
: "Have you ever been convicted or found guilty of, or entered a plea of solo contenders
(no contest) or guilty,
regardless of adjudication, a crime in any jurisdiction, or are you currently under
criminal investigation?"
15. Is a DUI a major traffic offense?: Yes, and it must be disclosed upon application
16. What are the four parts of application denial?: 1. Application is denied by the
DEPARTMENT (DBPR)
, 2.You are notified in writing
3.You have 21 days from day of receipt
4.to request a formal hearing from an administrative law judge
17. How many hours of a FREC I course must one complete in order to take state
exam?: 63 hours including the final examination
18. How many hours of a FREC II course must a sales associate complete in order to
be eligible to become a broker?: 72 hours including end-of-course examination 19. Can
a sales associate work for more than one broker or developer at a time?: No
20. Does an owner-developer receive a real estate license upon registering with the
department?: No
21. Sales associate first renewal: Sales associate must complete a 45 hour post license
course prior to the expiration of their initial license period.
Failure to complete this requirement will result in licensee being out of business and
void.
22. Continuing Education (CE): All licensees, active or inactive, must complete 14
hours of commission-approved CE and pay a renewal fee during each renewal period,
excluding the first (post-license). If these requirements are not met, the licensee's
license status will be changed to INVOLUNTARY INACTIVE.
23. Attorneys-in-fact: persons who are granted authority under a power of attorney to
act for others in some capacity, such as signing a document.
24. Can an unlicensed resident of an apartment receive compensation for referring a
new tenant to their same apartment complex?: Yes, they can receive up
Questions with 100% Correct Answers | Verified
| Latest Update 2026/2027
1.Farming: when a licensee focuses on one type or style of property or one particular
neighborhood
2.farm area: target market; one of the best ways to succeed in real estate
3.Areas of expert knowledge required for all real estate licensees:
a) Property Transfer
b) Valuation and Market Conditions
c) Marketing (consider MLS; Multiple Listing Service)
4. Residential Transaction: F.S 475
The sale of any improved residential property of 4 units or fewer.
Unimproved property intended for 4 units or fewer.
Agricultural properties 10 acres or less
5. Tract Building: 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.
6. Moratorium: a temporary suspension of activity; an authorized delay for a building
project
7. What does the term "Commission" refer to?: Florida Real Estate Commission (FREC)
Deals with all things real estate in Florida
8. What does the term "Department" refer to?: Department of Business and
Professional Regulation (DBPR)
,Issues every and any license
9. Broker: A person who performs services of real estate as a n agent for another and
receives compensation for those services either directly or indirectly.
10. Can a sales associate be compensated directly from the customer?: No, they can
only receive their compensation directly from their employing broker
11. What are the requirements for a sales associate to become a broker?: The
sales associate must have been employed under one or more actively licensed brokers
for at least 24 months within the preceding 5 years before becoming eligible to take
broker examination (licensure under an owner-developer does not satisfy this
requirement)
12. Broker Associate: An individual who is qualified to be issued a broker's license but
who operates as a sales associate in the employ of another broker. Glorified sales
associate.
13. Does an applicant for the Florida Real Estate license have to be a resident of the
state or country?: No [F.S. 455. 10]
14 What is the first question in the application for the Sales Associate license?-
: "Have you ever been convicted or found guilty of, or entered a plea of solo contenders
(no contest) or guilty,
regardless of adjudication, a crime in any jurisdiction, or are you currently under
criminal investigation?"
15. Is a DUI a major traffic offense?: Yes, and it must be disclosed upon application
16. What are the four parts of application denial?: 1. Application is denied by the
DEPARTMENT (DBPR)
, 2.You are notified in writing
3.You have 21 days from day of receipt
4.to request a formal hearing from an administrative law judge
17. How many hours of a FREC I course must one complete in order to take state
exam?: 63 hours including the final examination
18. How many hours of a FREC II course must a sales associate complete in order to
be eligible to become a broker?: 72 hours including end-of-course examination 19. Can
a sales associate work for more than one broker or developer at a time?: No
20. Does an owner-developer receive a real estate license upon registering with the
department?: No
21. Sales associate first renewal: Sales associate must complete a 45 hour post license
course prior to the expiration of their initial license period.
Failure to complete this requirement will result in licensee being out of business and
void.
22. Continuing Education (CE): All licensees, active or inactive, must complete 14
hours of commission-approved CE and pay a renewal fee during each renewal period,
excluding the first (post-license). If these requirements are not met, the licensee's
license status will be changed to INVOLUNTARY INACTIVE.
23. Attorneys-in-fact: persons who are granted authority under a power of attorney to
act for others in some capacity, such as signing a document.
24. Can an unlicensed resident of an apartment receive compensation for referring a
new tenant to their same apartment complex?: Yes, they can receive up
