Gold Coast Real Estate Exam TEST WITH LATEST UPDATED
(QUESTIONS AND ANSWERS) A+ Grade 2026\2027
A developer contracts to build a home according to the buyer's specifications. This is an example of
which type of building?
- correct answer Custom
The federal, state, and local governments all play a role in the regulation of real estate. In which of the
following areas would the local government have the most impact?
- correct answer Property Taxes, Building Moratoriums, and zoning
Real estate licensees are expected to be knowledgeable in all of the following, EXCEPT:
- correct answer Accounting
A sales associate failed to complete the required post-license education prior to renewal. What is the
status of the license?
- correct answer Void
How may a licensed sales associate be paid by their owner-developer?
- correct answer On a commission or salary basis
What are the minimum employment requirements for a licensed sales associate to qualify for a real
estate brokers license?
- correct answer Employed for 24 months under one or more actively licensed broker
All of the following services require a real estate license, EXCEPT:
- correct answer Mortgaging
What must an applicant for a real estate license do if the have been convicted of a crime?
- correct answer The applicant must disclose all convictions on the application
, Which condition must exists for an applicant to qualify for a Florida real estate license?
- correct answer The applicant must have a high school education or equivalent
Which of the following statements best describes an attorney-in-fact?
- correct answer An attorney in fact is authorized by a power of attorney to act for another.
What is a brokers associate?
- correct answer A broker who is employed as a sales associate
The Department of business and Professional Regulation has the authority to issue all of the following,
EXCEPT:
- correct answer An injunction
Which of the following entities issues real estate licenses?
- correct answer The Department of Business and Professional Regulation
After being active in the real estate business for over five years, a licensee's license expired on
September 30th. What is the status of the license on October 1st?
- correct answer Involuntary Inactive
What action may the Department take if it determines that an unlicensed person has operated in
violation of a law or rule under its administration?
- correct answer An administrative fine of up to $5,000 may be imposed
A sales associate is employed by a broker Monday through Friday and for a builder on the weekends.
The sales associate feels the added experience is beneficial especially since both employers pay an
attractive commission split. Which statement is correct?
- correct answer This arrangement violates the license law
The DBPR is created by which statute?
- correct answer F.S. 455
Who owes fiduciary duties in a single agency relationship?
- correct answer The broker only
(QUESTIONS AND ANSWERS) A+ Grade 2026\2027
A developer contracts to build a home according to the buyer's specifications. This is an example of
which type of building?
- correct answer Custom
The federal, state, and local governments all play a role in the regulation of real estate. In which of the
following areas would the local government have the most impact?
- correct answer Property Taxes, Building Moratoriums, and zoning
Real estate licensees are expected to be knowledgeable in all of the following, EXCEPT:
- correct answer Accounting
A sales associate failed to complete the required post-license education prior to renewal. What is the
status of the license?
- correct answer Void
How may a licensed sales associate be paid by their owner-developer?
- correct answer On a commission or salary basis
What are the minimum employment requirements for a licensed sales associate to qualify for a real
estate brokers license?
- correct answer Employed for 24 months under one or more actively licensed broker
All of the following services require a real estate license, EXCEPT:
- correct answer Mortgaging
What must an applicant for a real estate license do if the have been convicted of a crime?
- correct answer The applicant must disclose all convictions on the application
, Which condition must exists for an applicant to qualify for a Florida real estate license?
- correct answer The applicant must have a high school education or equivalent
Which of the following statements best describes an attorney-in-fact?
- correct answer An attorney in fact is authorized by a power of attorney to act for another.
What is a brokers associate?
- correct answer A broker who is employed as a sales associate
The Department of business and Professional Regulation has the authority to issue all of the following,
EXCEPT:
- correct answer An injunction
Which of the following entities issues real estate licenses?
- correct answer The Department of Business and Professional Regulation
After being active in the real estate business for over five years, a licensee's license expired on
September 30th. What is the status of the license on October 1st?
- correct answer Involuntary Inactive
What action may the Department take if it determines that an unlicensed person has operated in
violation of a law or rule under its administration?
- correct answer An administrative fine of up to $5,000 may be imposed
A sales associate is employed by a broker Monday through Friday and for a builder on the weekends.
The sales associate feels the added experience is beneficial especially since both employers pay an
attractive commission split. Which statement is correct?
- correct answer This arrangement violates the license law
The DBPR is created by which statute?
- correct answer F.S. 455
Who owes fiduciary duties in a single agency relationship?
- correct answer The broker only
