Gold Coast Real Estate Chapter 1 Certification
Exam Prep | Latest 2026/2027 | Verified Questions
& 100% Correct Answers
1. Real Estate Valuation: Expert knowledge and skills needed to discern property differences and how
those differences turn into value
2. Real Estate Marketing: Expert knowledge and skill required to market a property efficiently, while
into account the changing of supply and demand
3. Real Estate Property Transfer: Expert knowledge and skill required to handle all aspects of a
property transfer transaction, effecting transfer of owner rights
4. Farming / Target Market: Specialization in one type of style of property and or a particular
neighborhood
5. Comparative Market Analysis (CMA): Valuation performed by a real estate licensee based on
recent sales of similar properties in the same neighborhood
6. Broker's price opinion (BPO): Valuation performed by a real estate licensee that is frequently
requested by a lender in a short sale
7. Multiple Listing Service (MLS): A marketing tool that real estate licensees use to market listings
locally, statewide, and even worldwide
8. The areas real estate licensees specialize In: Residential, commercial, industrial, agricultural,
business brokerage, property management, and counseling
9. Area of real estate specialization related to apartment buildings, office buildings, and shopping
centers: Commercial sales or leasing
10. Area of real estate specialization related to warehouses and manufacturing facilities: Industrial
sales or leasing
11. Common Characteristics of Agricultural Sales: Large tracts of land and significant sums of money
,12. Knowledge and Skills required for commercial sales and leasing: Analyzing past and future
potential investment income, knowledge of tax laws affecting income and tax consequences of
buying and selling
13. Knowledge and Skills required for Agricultural Sales: Analyzing profitability of current uses and
estimating potential of property under consideration
14. Knowledge and Skills required for Industrial Sales or Leasing: Knowledge of
government regulations of land use, environmental considerations, transportation, labor costs, and
utility charges
15. Area of real estate specialization related to the listing and sale of a business: Business Brokerage
(or business Opportunities)
16 Area of real estate specialization related to the management of property for absentee owners:
Property Management
17. Knowledge and Skills required for a sale of a business: Estimate Value of the business,
analysis of the financial statements and balance sheets
18. Type of license required for sale of a business involving the transfer of ownership if shares
of stock are included: Securities License 19. Term that refers to the value of a business: Going
Concern Value
20. Elements of a business value: income, tangible and intangible assets, and goodwill
21. Type of license required to manage and be compensated by a HOA or
Condominium Association: Community Association Management (CAM) License
22. Area of real estate specialization related to the analysis of existing or potential projects,
providing advice based on personal judgement: Counseling 23. Knowledge and Skills required for
a real estate counselor: Superior knowledge of real estate investment and alternative investments
and strategies
24. Name for the members of the National Association of REALTORS (NAR): REALTOR
25. Condition under which a licensee may refer to themselves as a REALTOR: -
, Being a member of the (NAR)
26. The largest trade association in the state of Florida: Florida Association of REALTORS
(FAR) "They do not handle as Florida REALTORS"
27. Method for gaining access to the Multiple Listing Service (MLS): By joining the
Local Association of REALTORS
28. Florida Statue definition of residential sales or rentals [F.S. 475.278(5)(A)]: -
~Improved residential property of 4 units or less
~Unimproved residential property for 4 units or less
~Agricultural properties of 10 acres or less
29. Designation awarded by the Institute of Real Estate Management (IREM): -
Certified Property Manager
30. Designation awarded by the Commercial Investment Real Estate Institute
(CIREI): Certified Commercial Investment Member (CCIM)
31 Areas of specialty related to real estate that require a separate license: Appraisal, Financing,
Insurance, Construction and Development
32. The process of estimating an objective opinion of value based on research and data: Appraisal
33. The basis on which appraiser fees are paid: The time, effort, and expense involved in the
assignment. (Not the property value)
34. Standard by which all appraisals in federally related transactions must be completed: Uniform
Standards of Professional Appraisal Practice (USPAP)
35. Requirements for appraisals utilized by federally regulated lenders in fed-
erally related transactions: ~Licensed, registered and certified appraiser per F.S 475, part 2
~Compliance with USPAP
36. Entity defined by F.S 475, part 2 for appraisers: Florida Real Estate Appraisal Board (FREAB)
37. A type of insurance often required by the lender as a condition of the loan: Homeowner's
insurance, which requires a separate license to sell
Exam Prep | Latest 2026/2027 | Verified Questions
& 100% Correct Answers
1. Real Estate Valuation: Expert knowledge and skills needed to discern property differences and how
those differences turn into value
2. Real Estate Marketing: Expert knowledge and skill required to market a property efficiently, while
into account the changing of supply and demand
3. Real Estate Property Transfer: Expert knowledge and skill required to handle all aspects of a
property transfer transaction, effecting transfer of owner rights
4. Farming / Target Market: Specialization in one type of style of property and or a particular
neighborhood
5. Comparative Market Analysis (CMA): Valuation performed by a real estate licensee based on
recent sales of similar properties in the same neighborhood
6. Broker's price opinion (BPO): Valuation performed by a real estate licensee that is frequently
requested by a lender in a short sale
7. Multiple Listing Service (MLS): A marketing tool that real estate licensees use to market listings
locally, statewide, and even worldwide
8. The areas real estate licensees specialize In: Residential, commercial, industrial, agricultural,
business brokerage, property management, and counseling
9. Area of real estate specialization related to apartment buildings, office buildings, and shopping
centers: Commercial sales or leasing
10. Area of real estate specialization related to warehouses and manufacturing facilities: Industrial
sales or leasing
11. Common Characteristics of Agricultural Sales: Large tracts of land and significant sums of money
,12. Knowledge and Skills required for commercial sales and leasing: Analyzing past and future
potential investment income, knowledge of tax laws affecting income and tax consequences of
buying and selling
13. Knowledge and Skills required for Agricultural Sales: Analyzing profitability of current uses and
estimating potential of property under consideration
14. Knowledge and Skills required for Industrial Sales or Leasing: Knowledge of
government regulations of land use, environmental considerations, transportation, labor costs, and
utility charges
15. Area of real estate specialization related to the listing and sale of a business: Business Brokerage
(or business Opportunities)
16 Area of real estate specialization related to the management of property for absentee owners:
Property Management
17. Knowledge and Skills required for a sale of a business: Estimate Value of the business,
analysis of the financial statements and balance sheets
18. Type of license required for sale of a business involving the transfer of ownership if shares
of stock are included: Securities License 19. Term that refers to the value of a business: Going
Concern Value
20. Elements of a business value: income, tangible and intangible assets, and goodwill
21. Type of license required to manage and be compensated by a HOA or
Condominium Association: Community Association Management (CAM) License
22. Area of real estate specialization related to the analysis of existing or potential projects,
providing advice based on personal judgement: Counseling 23. Knowledge and Skills required for
a real estate counselor: Superior knowledge of real estate investment and alternative investments
and strategies
24. Name for the members of the National Association of REALTORS (NAR): REALTOR
25. Condition under which a licensee may refer to themselves as a REALTOR: -
, Being a member of the (NAR)
26. The largest trade association in the state of Florida: Florida Association of REALTORS
(FAR) "They do not handle as Florida REALTORS"
27. Method for gaining access to the Multiple Listing Service (MLS): By joining the
Local Association of REALTORS
28. Florida Statue definition of residential sales or rentals [F.S. 475.278(5)(A)]: -
~Improved residential property of 4 units or less
~Unimproved residential property for 4 units or less
~Agricultural properties of 10 acres or less
29. Designation awarded by the Institute of Real Estate Management (IREM): -
Certified Property Manager
30. Designation awarded by the Commercial Investment Real Estate Institute
(CIREI): Certified Commercial Investment Member (CCIM)
31 Areas of specialty related to real estate that require a separate license: Appraisal, Financing,
Insurance, Construction and Development
32. The process of estimating an objective opinion of value based on research and data: Appraisal
33. The basis on which appraiser fees are paid: The time, effort, and expense involved in the
assignment. (Not the property value)
34. Standard by which all appraisals in federally related transactions must be completed: Uniform
Standards of Professional Appraisal Practice (USPAP)
35. Requirements for appraisals utilized by federally regulated lenders in fed-
erally related transactions: ~Licensed, registered and certified appraiser per F.S 475, part 2
~Compliance with USPAP
36. Entity defined by F.S 475, part 2 for appraisers: Florida Real Estate Appraisal Board (FREAB)
37. A type of insurance often required by the lender as a condition of the loan: Homeowner's
insurance, which requires a separate license to sell
