GOLD COAST TESTED QUESTIONS AND
COMPLETE SOLUTIONS
◉ Transaction Broker
Answer: limited representation
◉ Presenting offers
Answer: A broker has a duty to transmit any and all offers to the
employer including oral offers or offers made without a binder
deposit.
◉ Single agent
Answer: a broker accepts employment under a single agency
agreement
A broker may represent a seller or buyer- any attempt to
represent both parties would create an illegal dual agency FS 475
◉ Nonrepresentation
Answer: Deal honesty
Account for all funds
Disclose all known factsthat affect the value of property
◉ Listing Contract
, Answer: An agreement between an owner of real estate and a real
estate broker that obligates the broker to attempt to sell the
property under specified conditions and terms. It obligates the
property owner to pay a commission to the broker if the broker is
successful in obtaining a ready, willing, and able buyer for the
property on terms specified or on terms acceptable to the seller.
◉ Who can a florida realtor not pay commission to
Answer: Unlicensed individuals
◉ Blind ads
Answer: Illegal advertisements that does not contain registered /
trade name of broker
◉ Branch office requirements
Answer: Must be registered individually as branch office with fee
paid
$2100- per office
◉ Advertising
Answer: Must include the registered name or trade name of the
brokerage firm- broker responsible for content
◉ Principal Office Requirements
COMPLETE SOLUTIONS
◉ Transaction Broker
Answer: limited representation
◉ Presenting offers
Answer: A broker has a duty to transmit any and all offers to the
employer including oral offers or offers made without a binder
deposit.
◉ Single agent
Answer: a broker accepts employment under a single agency
agreement
A broker may represent a seller or buyer- any attempt to
represent both parties would create an illegal dual agency FS 475
◉ Nonrepresentation
Answer: Deal honesty
Account for all funds
Disclose all known factsthat affect the value of property
◉ Listing Contract
, Answer: An agreement between an owner of real estate and a real
estate broker that obligates the broker to attempt to sell the
property under specified conditions and terms. It obligates the
property owner to pay a commission to the broker if the broker is
successful in obtaining a ready, willing, and able buyer for the
property on terms specified or on terms acceptable to the seller.
◉ Who can a florida realtor not pay commission to
Answer: Unlicensed individuals
◉ Blind ads
Answer: Illegal advertisements that does not contain registered /
trade name of broker
◉ Branch office requirements
Answer: Must be registered individually as branch office with fee
paid
$2100- per office
◉ Advertising
Answer: Must include the registered name or trade name of the
brokerage firm- broker responsible for content
◉ Principal Office Requirements
