Gold Coast Real Estate Chapter 1 Exam
Questions & Answers | 100% Verified Correct
Solutions | Latest 2026/2027 Practice Test
1.Abesntee ownership has increased the demand for which area of brokerage: Property
management
2.What is a real estate appraiser is paid: A fee based upon time and difficulty of appraisal
3.What does the local planning agency have the authority to approve: A subdivision plat
map
4.What is it called when a developer gives land to a governmental body?: Dedication
5.What business is a license engaged in who markets, leases and maintains property for
someone else?: Property management
6.In which service of real estate must a licensee disclosure the agency relationship and
the responsibilities of that relationship to the public: Residential sales
7.Which power authorizes the frec to pass or revise rules: QUASI legislative 8. Would be
grounds for suspension or revocation of a real estate license except: Not being a
resident of Florida
9. Sandy works as a sales associate for a broker and has been asked to work weekends
for a developer to sell new homes on commission. What must
sandy do to work for the developers: Transfer her license from the broker to owner
developer
10. What does the license law require that a licensee complete before the first renewal
of a Florida real estate license: A post licensing course
11. In a brokerage corp, the officers and directors can be active or inactive brokers or
non licensed registeres persons. if someone who is non licensed and registered wants
to become a broker, what must they do?: qualify just as anyone else
12. who would be exempt from the real estate licensing law?: a person who rents
mobile home lots
13. Which entity provides the best protection for the public during a real estate
transaction: FREC and the license law
,14. Which of the following is a characteristic of the group license: it may be held by a
sales associate or broker associate
15. All of the following are exempt from FS 475 EXCEPT: business brokers
16. Complete the sentence. A broker who holds more than one broker license-
: holds multiple licenses
17 General partners in a brokerage partership that are not qualified to perform the
services of real estate must be registered:: for identification purposes
18. Bill's license expired on Sept. 30, 2013. On Feburary 14, 2012 he wants to
renew it. If it is not his first renewal, what must bill do?: late fee and 14 hours of
continuing education
19. Ron and his wife each have real estate licenses before he enters the military. Ron is
stationed in Washington, DC. And his wife accompanies him there, if they makw their
licenses inactive>: Ron and his wife are exempt from renewal
20. what is the status of a sales associates license if the sales associate works for a
broker loses his license?: involuntary inactive
21. The Florida Real Estate Commission my do all of the following except: Impose
imprisonment as a penalty
22. Karls license expired on sept 30 2010. on Feb 10 2014 he wants to activate
it again. Which is correct?: His license is null and void
23. A real estate broker has entered into a single agency relationship with the sellers of
a three bedroom, two-bath house. One of the agents in that brokers office has found
an investor wanting to hire the brokerage firm as a single-agent. For the investor to be
shown this seller's house:: Both the seller and investor must agree to transition to
transaction broker
24. What must be given to a seller who is about to enter into a fiduciary relationship
with a brokerage firm?: Single agency notice
25. What should sales associate do if his employing broker instructs him or her not to
show properties to people of a certain race?: Find a new employer
26. Which form requires the signature of all parties?: Transition to transaction broker
27. The agency disclosure forms developed by the state must be used in which
instance?: Residential sales
, 28. A broker owes which duty to a customer?: disclose known facts affecting the value
of
residential property
29. What must all advertising of listed property must contain: name of the brokerage
firm
30. Sales associate Glenn works for broker John. If Glenn receives an escrow deposit on
Tuesdy what should he do?: Deliver it to his broker immediately
31 A broker may hold escrow deposits in any of the following, except a:: Mutual fund
32. Who do listings obtained by a sales associate belong to?: The employing broker 33.
A broker sells a rental list to a prospective tenant for $200. In a written agreement, the
broker states that the fee is nonrefundable. This is:: illegal under
FS 475
34. A sales associate wants to use a trade or ficticious name. which statement applies?:
This would violate FS 475
35. Jim is a sales associate applicant but has failed the exam twice. After reviewing his
most recent exam, he feels that some of the questions he missed were really correct and
marked wrong in error. What may Jim do?: file a written objection to the questions during
the schduled questions review
36. Craig is a real estate sales associare working for ABC realty, INC. Craigs decides to
have refrigerator magnets made to give out to the public. What must he inlcude on the
magnets?: They must contain abc realty Inc
37. If a mortg. broker informs a borrowoer that they need to refinance their loan after
only 10 months, with a higher interest rate and also some closing costs, which law would
be violated?: Florida fair lending act
38. Which business entity may not register as real estate brokerage firm?: Corporation
sole
39. When there is a dispute over escrow funds, the procedures include four choices.
Which choice involves a third person recommending a solution?: mediation
40. Which steps follows the investigation in the complaing process?: Probable cause
determination
41. Complete the sentence. If a licensee does not dispute a citation, it has the same
effect as a:: final order
Questions & Answers | 100% Verified Correct
Solutions | Latest 2026/2027 Practice Test
1.Abesntee ownership has increased the demand for which area of brokerage: Property
management
2.What is a real estate appraiser is paid: A fee based upon time and difficulty of appraisal
3.What does the local planning agency have the authority to approve: A subdivision plat
map
4.What is it called when a developer gives land to a governmental body?: Dedication
5.What business is a license engaged in who markets, leases and maintains property for
someone else?: Property management
6.In which service of real estate must a licensee disclosure the agency relationship and
the responsibilities of that relationship to the public: Residential sales
7.Which power authorizes the frec to pass or revise rules: QUASI legislative 8. Would be
grounds for suspension or revocation of a real estate license except: Not being a
resident of Florida
9. Sandy works as a sales associate for a broker and has been asked to work weekends
for a developer to sell new homes on commission. What must
sandy do to work for the developers: Transfer her license from the broker to owner
developer
10. What does the license law require that a licensee complete before the first renewal
of a Florida real estate license: A post licensing course
11. In a brokerage corp, the officers and directors can be active or inactive brokers or
non licensed registeres persons. if someone who is non licensed and registered wants
to become a broker, what must they do?: qualify just as anyone else
12. who would be exempt from the real estate licensing law?: a person who rents
mobile home lots
13. Which entity provides the best protection for the public during a real estate
transaction: FREC and the license law
,14. Which of the following is a characteristic of the group license: it may be held by a
sales associate or broker associate
15. All of the following are exempt from FS 475 EXCEPT: business brokers
16. Complete the sentence. A broker who holds more than one broker license-
: holds multiple licenses
17 General partners in a brokerage partership that are not qualified to perform the
services of real estate must be registered:: for identification purposes
18. Bill's license expired on Sept. 30, 2013. On Feburary 14, 2012 he wants to
renew it. If it is not his first renewal, what must bill do?: late fee and 14 hours of
continuing education
19. Ron and his wife each have real estate licenses before he enters the military. Ron is
stationed in Washington, DC. And his wife accompanies him there, if they makw their
licenses inactive>: Ron and his wife are exempt from renewal
20. what is the status of a sales associates license if the sales associate works for a
broker loses his license?: involuntary inactive
21. The Florida Real Estate Commission my do all of the following except: Impose
imprisonment as a penalty
22. Karls license expired on sept 30 2010. on Feb 10 2014 he wants to activate
it again. Which is correct?: His license is null and void
23. A real estate broker has entered into a single agency relationship with the sellers of
a three bedroom, two-bath house. One of the agents in that brokers office has found
an investor wanting to hire the brokerage firm as a single-agent. For the investor to be
shown this seller's house:: Both the seller and investor must agree to transition to
transaction broker
24. What must be given to a seller who is about to enter into a fiduciary relationship
with a brokerage firm?: Single agency notice
25. What should sales associate do if his employing broker instructs him or her not to
show properties to people of a certain race?: Find a new employer
26. Which form requires the signature of all parties?: Transition to transaction broker
27. The agency disclosure forms developed by the state must be used in which
instance?: Residential sales
, 28. A broker owes which duty to a customer?: disclose known facts affecting the value
of
residential property
29. What must all advertising of listed property must contain: name of the brokerage
firm
30. Sales associate Glenn works for broker John. If Glenn receives an escrow deposit on
Tuesdy what should he do?: Deliver it to his broker immediately
31 A broker may hold escrow deposits in any of the following, except a:: Mutual fund
32. Who do listings obtained by a sales associate belong to?: The employing broker 33.
A broker sells a rental list to a prospective tenant for $200. In a written agreement, the
broker states that the fee is nonrefundable. This is:: illegal under
FS 475
34. A sales associate wants to use a trade or ficticious name. which statement applies?:
This would violate FS 475
35. Jim is a sales associate applicant but has failed the exam twice. After reviewing his
most recent exam, he feels that some of the questions he missed were really correct and
marked wrong in error. What may Jim do?: file a written objection to the questions during
the schduled questions review
36. Craig is a real estate sales associare working for ABC realty, INC. Craigs decides to
have refrigerator magnets made to give out to the public. What must he inlcude on the
magnets?: They must contain abc realty Inc
37. If a mortg. broker informs a borrowoer that they need to refinance their loan after
only 10 months, with a higher interest rate and also some closing costs, which law would
be violated?: Florida fair lending act
38. Which business entity may not register as real estate brokerage firm?: Corporation
sole
39. When there is a dispute over escrow funds, the procedures include four choices.
Which choice involves a third person recommending a solution?: mediation
40. Which steps follows the investigation in the complaing process?: Probable cause
determination
41. Complete the sentence. If a licensee does not dispute a citation, it has the same
effect as a:: final order
