Gold Coast Real Estate UPDATED Exam
Questions and CORRECT Answers
Tract building - CORRECT ANSWER- When a dev. Acquired land, records a plat map and
uses a model center from which sales may be made
Local level - CORRECT ANSWER- Planning, 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
Broker associate - CORRECT ANSWER- A licensed broker working for another broker
False - CORRECT ANSWER- A florida real estate license applicant must be a resident and
citizen (true or false)
Application Denial - CORRECT ANSWER- You have 21 days to send a formal letter to the
department for a hearing if:
One - CORRECT ANSWER- How mang brokers can a sales or broker associate work for
Post license requirements - CORRECT ANSWER- No grace period
Sales associate first renewal - CORRECT ANSWER- No grace period
Exempt from licensure - CORRECT ANSWER- Attorney in fact/ Attorney at Law
Attorneys at law - CORRECT ANSWER- My perform legal services on behalf ofntheir
clients; they may prepare documents, handle closings, and give legal advice.
Involuntary inactive - CORRECT ANSWER- An individual who does not request renewal of
their second or subsequent lecense, pay the required fees, or maintain their continuing
education requirements will have their license placed in
, 2 years - CORRECT ANSWER- A license may remain in involuntary inactive status for no
longer than
Special Agent - CORRECT ANSWER- A special agent is authorized under agency law by the
employer to perform a single act. The employment contract between the employer and agent
establishes the limit of authority granted
Presenting offers - CORRECT ANSWER- A broker has a buty to transmit any and all offers
to the employer including oral offers or offers made without a binder deposit
Limited - CORRECT ANSWER- A transaction broker provides what kind of representation
Single agent - CORRECT ANSWER- this agency relationship is created when a broker
accepts employment under a single agency agreement. A broker may represent a seller or
buyer , or a landlord or tenant.
Principal - CORRECT ANSWER- In a single agency relationship, the employer becomes the
For sale By owner - CORRECT ANSWER- Non Representation or (No Brokerage
Relationship can also be called)
FSBO - CORRECT ANSWER- For sale by owner can also be called
Stationary Construction - CORRECT ANSWER- An active broker is required to have this
open which must be registered with the department of Business and Professional Regulation
where Negotiations and the closing of real estate transactions can be conducted with privacy
Others - CORRECT ANSWER- Licencees should make clear that they are dealing on their
own account and not acting on the behalf of
Public - CORRECT ANSWER- Licencees should make known their status as licencees to
members of the
Questions and CORRECT Answers
Tract building - CORRECT ANSWER- When a dev. Acquired land, records a plat map and
uses a model center from which sales may be made
Local level - CORRECT ANSWER- Planning, 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
Broker associate - CORRECT ANSWER- A licensed broker working for another broker
False - CORRECT ANSWER- A florida real estate license applicant must be a resident and
citizen (true or false)
Application Denial - CORRECT ANSWER- You have 21 days to send a formal letter to the
department for a hearing if:
One - CORRECT ANSWER- How mang brokers can a sales or broker associate work for
Post license requirements - CORRECT ANSWER- No grace period
Sales associate first renewal - CORRECT ANSWER- No grace period
Exempt from licensure - CORRECT ANSWER- Attorney in fact/ Attorney at Law
Attorneys at law - CORRECT ANSWER- My perform legal services on behalf ofntheir
clients; they may prepare documents, handle closings, and give legal advice.
Involuntary inactive - CORRECT ANSWER- An individual who does not request renewal of
their second or subsequent lecense, pay the required fees, or maintain their continuing
education requirements will have their license placed in
, 2 years - CORRECT ANSWER- A license may remain in involuntary inactive status for no
longer than
Special Agent - CORRECT ANSWER- A special agent is authorized under agency law by the
employer to perform a single act. The employment contract between the employer and agent
establishes the limit of authority granted
Presenting offers - CORRECT ANSWER- A broker has a buty to transmit any and all offers
to the employer including oral offers or offers made without a binder deposit
Limited - CORRECT ANSWER- A transaction broker provides what kind of representation
Single agent - CORRECT ANSWER- this agency relationship is created when a broker
accepts employment under a single agency agreement. A broker may represent a seller or
buyer , or a landlord or tenant.
Principal - CORRECT ANSWER- In a single agency relationship, the employer becomes the
For sale By owner - CORRECT ANSWER- Non Representation or (No Brokerage
Relationship can also be called)
FSBO - CORRECT ANSWER- For sale by owner can also be called
Stationary Construction - CORRECT ANSWER- An active broker is required to have this
open which must be registered with the department of Business and Professional Regulation
where Negotiations and the closing of real estate transactions can be conducted with privacy
Others - CORRECT ANSWER- Licencees should make clear that they are dealing on their
own account and not acting on the behalf of
Public - CORRECT ANSWER- Licencees should make known their status as licencees to
members of the
