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Exam (elaborations)

Gold Coast Real Estate Final Exam 2023 / 23 Questions and Answers (Verified Answers)

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Gold Coast Real Estate Final Exam 2023 / 23 Questions and Answers (Verified Answers)

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Gold Coast Real Estate Final Exam
Questions and Answers (Verified Answers)

What is Farming? - -Agent dominates specific area/neighborhood/town Also known as
door to door.


-What are the three areas sales associates must be experts in? - -Must be experts in
Valuation, Marketing, and Property Transfer


-What key knowledge must you have to be involved in Industrial Sales? (Not needed for
commercial sales) - -Government Law (Environmental)


-What is It called when a Developer builds a center in track where sales are made? - -
Track Building


-What is the period of time called when a Developer holds off approval on project ? - -
Building Moratorium


-How long must a sales associate be active to be able to take Broker exam? - -24mos
within a 60mos period


-What is a broker associate? - -Broker that is licensed but working under another
broker


-What do you need to qualify for FL Real Estate License? - -18yrs of age and no
criminal history, you dont need to be FL resident or US citizen


-What is mutual recognition? - -When you take the real estate license in one state and
want It to account for the state your moving to.

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