GOLD COAST EXAM UPDATED ACTUAL
QUESTIONS AND CORRECT ANSWERS
●● Farm area or target market
Answer: Finding and specializing in a particular neighborhood or type of
property. Considered to be one of the best ways to succeed in the real
estate business
●● Tract building
Answer: 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
●● Local level
Answer: Government Regulation:
At the local level, planning and zoning, property taxation, building, and
health codes and regulations, and building moratoriums that affect
development, play a significant role in the cost and desirability of real
estate
●● Purpose of the law
Answer: F.S. 475 to protect the public
,●● Commission or FREC
Answer: Refers to the Florida real estate commission
●● Department or DBPR
Answer: Refers to the department of business and professional
regulation
●● Division or DRE
Answer: Refers to the division of real estate
●● License
Answer: Means any permit, registration, certificate, or license issued by
the department
●● Licensee
Answer: Refers to any person to whom a permit, registration, certificate
or license is issued by the department
●● A BAR SALE
Answer: The most common services of real estate:
Appraising
,Buying
Auctioning
Renting
Selling
Advertising
Leasing
Exchanging
●● Sales associate
Answer: Must be employed by a real estate broker or owner developer to
practice real estate
*must complete all pre license requirements to obtain their initial license
as a sales associate
●● Broker
Answer: A person who performs services of real estate as an agent for
another and receives compensation for those services either directly or
indirectly
●● A Sales Associate transitioning to a Broker
Answer: Must have been employed under one or more actively licensed
brokers for at least 24 months writhing the last 5 yrs before becoming
eligible to take the state broker examination
, ●● Additional applicants who qualify to apply for a brokers license
[F.A.C.61J2-2.027(1)(b)]
Answer: Actively licensed real estate sales associates from another
STATE OR NATION who have been Licensed for at least 24 months
during the preceding 5 yrs
●● Broker Associate
Answer: Someone who is qualified to receive a broker license but
chooses instead to be employed under the direction, control and
management of an actively licensed broker or owner developer.
In this capacity the broker acts as a sales associate NOT as a broker
●● Florida real estate license requirements
Answer: An applicant for a Florida real estate license requirements is
NOT required to be a resident of the state of Florida, or to be a citizen of
the United States
●● Florida Mutual recognition
Answer: Florida has entered into "Contractual agreements" with 7 states
that recognize the similarity in the content of their mutual education and
experience requirements for real estate licensing.
Alabama
QUESTIONS AND CORRECT ANSWERS
●● Farm area or target market
Answer: Finding and specializing in a particular neighborhood or type of
property. Considered to be one of the best ways to succeed in the real
estate business
●● Tract building
Answer: 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
●● Local level
Answer: Government Regulation:
At the local level, planning and zoning, property taxation, building, and
health codes and regulations, and building moratoriums that affect
development, play a significant role in the cost and desirability of real
estate
●● Purpose of the law
Answer: F.S. 475 to protect the public
,●● Commission or FREC
Answer: Refers to the Florida real estate commission
●● Department or DBPR
Answer: Refers to the department of business and professional
regulation
●● Division or DRE
Answer: Refers to the division of real estate
●● License
Answer: Means any permit, registration, certificate, or license issued by
the department
●● Licensee
Answer: Refers to any person to whom a permit, registration, certificate
or license is issued by the department
●● A BAR SALE
Answer: The most common services of real estate:
Appraising
,Buying
Auctioning
Renting
Selling
Advertising
Leasing
Exchanging
●● Sales associate
Answer: Must be employed by a real estate broker or owner developer to
practice real estate
*must complete all pre license requirements to obtain their initial license
as a sales associate
●● Broker
Answer: A person who performs services of real estate as an agent for
another and receives compensation for those services either directly or
indirectly
●● A Sales Associate transitioning to a Broker
Answer: Must have been employed under one or more actively licensed
brokers for at least 24 months writhing the last 5 yrs before becoming
eligible to take the state broker examination
, ●● Additional applicants who qualify to apply for a brokers license
[F.A.C.61J2-2.027(1)(b)]
Answer: Actively licensed real estate sales associates from another
STATE OR NATION who have been Licensed for at least 24 months
during the preceding 5 yrs
●● Broker Associate
Answer: Someone who is qualified to receive a broker license but
chooses instead to be employed under the direction, control and
management of an actively licensed broker or owner developer.
In this capacity the broker acts as a sales associate NOT as a broker
●● Florida real estate license requirements
Answer: An applicant for a Florida real estate license requirements is
NOT required to be a resident of the state of Florida, or to be a citizen of
the United States
●● Florida Mutual recognition
Answer: Florida has entered into "Contractual agreements" with 7 states
that recognize the similarity in the content of their mutual education and
experience requirements for real estate licensing.
Alabama
