GOLD COAST REAL ESTATE FINAL
EXAM 2026/2027 QUESTIONS AND
ANSWERS
1. A Florida real estate broker is required to maintain a principal office. Which of the
following is a mandatory requirement for such an office?
A. It must contain at least three separate rooms for privacy.
B. It must be located in a building of stationary construction.
C. It must be located within the state of Florida without exception.
D. It must have a registered telephone line in the brokerage name.
Answer: B
Conceptual Explanation: Florida law requires that a broker’s office be in a building of
stationary construction and provide privacy for negotiations and closings.
2. Which type of ownership is characterized by the ‘right of survivorship’ where the interest
of a deceased owner automatically transfers to the surviving owners?
A. Tenancy in common
B. Joint tenancy
,C. Tenancy at will
D. Estate for years
Answer: B
Conceptual Explanation: Joint tenancy includes the right of survivorship, meaning the
interest of a deceased joint tenant passes to the remaining joint tenants rather than to
heirs.
3. The Florida Real Estate Commission (FREC) is exercise its quasi-judicial power when it
performs which of the following actions?
A. Enacting new administrative rules.
B. Imposing a fine or suspending a license.
C. Determining the amount of licensing fees.
D. Informing the public about real estate trends.
Answer: B
Conceptual Explanation: Quasi-judicial powers involve the power to grant or deny
applications, and to discipline licensees for violations of real estate law.
4. In a transaction broker relationship, what level of representation is provided to the
parties?
A. Limited representation to one or both parties.
B. Single agency representation to the buyer only.
, C. Full fiduciary representation to both buyer and seller.
D. No representation whatsoever, acting only as a facilitator.
Answer: A
Conceptual Explanation: A transaction broker provides limited representation to a buyer,
a seller, or both in a real estate transaction but does not represent either in a fiduciary
capacity.
5. Which federal law prohibited all discrimination based on race in any real estate transaction
without exception?
A. The Civil Rights Act of 1866
B. The Fair Housing Act of 1968
C. The Americans with Disabilities Act
D. The Equal Credit Opportunity Act
Answer: A
Conceptual Explanation: The Civil Rights Act of 1866 prohibits all racial discrimination in
real estate, and there are no exceptions to this federal law.
6. An individual who has been granted a power of attorney to act on behalf of another in all
matters is known as a:
A. Universal agent
B. General agent
EXAM 2026/2027 QUESTIONS AND
ANSWERS
1. A Florida real estate broker is required to maintain a principal office. Which of the
following is a mandatory requirement for such an office?
A. It must contain at least three separate rooms for privacy.
B. It must be located in a building of stationary construction.
C. It must be located within the state of Florida without exception.
D. It must have a registered telephone line in the brokerage name.
Answer: B
Conceptual Explanation: Florida law requires that a broker’s office be in a building of
stationary construction and provide privacy for negotiations and closings.
2. Which type of ownership is characterized by the ‘right of survivorship’ where the interest
of a deceased owner automatically transfers to the surviving owners?
A. Tenancy in common
B. Joint tenancy
,C. Tenancy at will
D. Estate for years
Answer: B
Conceptual Explanation: Joint tenancy includes the right of survivorship, meaning the
interest of a deceased joint tenant passes to the remaining joint tenants rather than to
heirs.
3. The Florida Real Estate Commission (FREC) is exercise its quasi-judicial power when it
performs which of the following actions?
A. Enacting new administrative rules.
B. Imposing a fine or suspending a license.
C. Determining the amount of licensing fees.
D. Informing the public about real estate trends.
Answer: B
Conceptual Explanation: Quasi-judicial powers involve the power to grant or deny
applications, and to discipline licensees for violations of real estate law.
4. In a transaction broker relationship, what level of representation is provided to the
parties?
A. Limited representation to one or both parties.
B. Single agency representation to the buyer only.
, C. Full fiduciary representation to both buyer and seller.
D. No representation whatsoever, acting only as a facilitator.
Answer: A
Conceptual Explanation: A transaction broker provides limited representation to a buyer,
a seller, or both in a real estate transaction but does not represent either in a fiduciary
capacity.
5. Which federal law prohibited all discrimination based on race in any real estate transaction
without exception?
A. The Civil Rights Act of 1866
B. The Fair Housing Act of 1968
C. The Americans with Disabilities Act
D. The Equal Credit Opportunity Act
Answer: A
Conceptual Explanation: The Civil Rights Act of 1866 prohibits all racial discrimination in
real estate, and there are no exceptions to this federal law.
6. An individual who has been granted a power of attorney to act on behalf of another in all
matters is known as a:
A. Universal agent
B. General agent
