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Gold Coast Real Estate Exam Questions and
Answers 100% Pass
What is the term when a real estate agent specializes in one geographic area? - ANS Farming
A residential transaction is defined as: - ANS Four units or less
What 3 areas do real estate agents have to have expertise in? - ANS Marketing, Valuation,
Property Transfer
Owners who buy income property as investments and depend on professionals to manage
them are called: - ANS Absentee Owners
What is the process of developing an opinion of value of real property? - ANS Appraising
Transfer of ownership is called: - ANS Dedication
What is custom building? - ANS When a contractor is employed to build a structure
according to the customer's specifications
What is speculative building? - ANS When a contractor builds a structure before securing a
buyer with the hope of selling the finished structure. (AKA building on spec)
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What is tract building? - ANS 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.
What is the purpose of FREC? - ANS To protect the public
What does "Commission" refer to? - ANS Florida Real Estate Commission (FREC)
What does "Department" refer to? - ANS Department of Business and Professional
Regulation (DBPR)
Real estate professionals practice real estate when licensed as one of the following: -
ANS Sales associate, broker, or broker associate
How do you become eligible to become a broker? - ANS A licensed sales associate must be
employed under one or more actively licensed brokers for at least 24 months within the
preceding five years.
What is a broker associate? - ANS Is a licensed broker who chooses to work as a sales
associate under the direction of another broker.
Is an applicant for a Florida real estate license required to be a resident of Florida? - ANS No
Is an applicant for a Florida real estate license required to be a citizen of the United States? -
ANS No
For the application with the DBPR, are you required to disclose any criminal convictions? Even
misdemeanors? - ANS Yes
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When an applicant is denied, how many days do they have to request a formal hearing after
being informed by the DBPR? - ANS 21 days
Who compensates real estate agents? - ANS By their employing brokers or owner-developer
Owner-developers are only...? - ANS Registered, not licensed
What happens to your real estate license if you fail to complete the 45-hour post license
course? - ANS It becomes void
What happens to your real estate license if you fail to complete the 14-hour continuing
education course? - ANS It becomes involuntary inactive
...are persons who are granted authority under power of attorney to act for others in some
capacity, such as signing documents. - ANS Attorneys-in-fact
The DBPR is responsible for: - ANS Licensing and regulation of the real estate professional.
The DBPR delegates rule-making and disciplinary authority for real estate to who? -
ANS FREC
The DBPR can do all of the following except: - ANS Issue injunctions
The Florida Real Estate Commission has many duties and powers. Which of the following is the
category of power that can be exercised by the chairperson acting alone? - ANS Executive
powers
What is the maximum amount of money someone can be fined by the Commission PER
OFFENSE? - ANS $5,000
Gold Coast Real Estate Exam Questions and
Answers 100% Pass
What is the term when a real estate agent specializes in one geographic area? - ANS Farming
A residential transaction is defined as: - ANS Four units or less
What 3 areas do real estate agents have to have expertise in? - ANS Marketing, Valuation,
Property Transfer
Owners who buy income property as investments and depend on professionals to manage
them are called: - ANS Absentee Owners
What is the process of developing an opinion of value of real property? - ANS Appraising
Transfer of ownership is called: - ANS Dedication
What is custom building? - ANS When a contractor is employed to build a structure
according to the customer's specifications
What is speculative building? - ANS When a contractor builds a structure before securing a
buyer with the hope of selling the finished structure. (AKA building on spec)
, ©THESTAR 2025 ALL RIGHTS RESERVED
What is tract building? - ANS 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.
What is the purpose of FREC? - ANS To protect the public
What does "Commission" refer to? - ANS Florida Real Estate Commission (FREC)
What does "Department" refer to? - ANS Department of Business and Professional
Regulation (DBPR)
Real estate professionals practice real estate when licensed as one of the following: -
ANS Sales associate, broker, or broker associate
How do you become eligible to become a broker? - ANS A licensed sales associate must be
employed under one or more actively licensed brokers for at least 24 months within the
preceding five years.
What is a broker associate? - ANS Is a licensed broker who chooses to work as a sales
associate under the direction of another broker.
Is an applicant for a Florida real estate license required to be a resident of Florida? - ANS No
Is an applicant for a Florida real estate license required to be a citizen of the United States? -
ANS No
For the application with the DBPR, are you required to disclose any criminal convictions? Even
misdemeanors? - ANS Yes
, ©THESTAR 2025 ALL RIGHTS RESERVED
When an applicant is denied, how many days do they have to request a formal hearing after
being informed by the DBPR? - ANS 21 days
Who compensates real estate agents? - ANS By their employing brokers or owner-developer
Owner-developers are only...? - ANS Registered, not licensed
What happens to your real estate license if you fail to complete the 45-hour post license
course? - ANS It becomes void
What happens to your real estate license if you fail to complete the 14-hour continuing
education course? - ANS It becomes involuntary inactive
...are persons who are granted authority under power of attorney to act for others in some
capacity, such as signing documents. - ANS Attorneys-in-fact
The DBPR is responsible for: - ANS Licensing and regulation of the real estate professional.
The DBPR delegates rule-making and disciplinary authority for real estate to who? -
ANS FREC
The DBPR can do all of the following except: - ANS Issue injunctions
The Florida Real Estate Commission has many duties and powers. Which of the following is the
category of power that can be exercised by the chairperson acting alone? - ANS Executive
powers
What is the maximum amount of money someone can be fined by the Commission PER
OFFENSE? - ANS $5,000
