Gold coast Real Estate Exam Questions and
Answers 100% Pass
Farming - ANS one type or style of property or on one particular neighborhood (chapter 1)
Farm Area (Target Market) - ANS The area in which a real estate professional concentrates
their efforts. (chapter 1)
Comparative Market Analysis (CMA) - ANS A value estimate based on recent sales of similar
properties in the same neighborhood (not referred to as an appraisal) ch. 1
MULITPLE LISTING SERVICE (MLS) - ANS provides the opportunity to market listings to a
thousand of other local and statewide licensees and potential buyers (ch. 1)
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. (ch. 1)
local level - ANS 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 (ch. 1)
comission - ANS Florida Real Estate Commission (FREC)
Department - ANS The department of Business and Professional Regulations (DBPR)
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Divison - ANS Division of Real Estate (DRE)
Broker Associate - ANS A person who holds a broker's license but chooses to register and
work in real estate under the direction of another broker.
Do you have to be a resident or citizen of the United States to apply for a Florida real estate
license? - ANS No
Application Denial - ANS You have 21 days to send a formal letter to the department for a
hearing if:
Employment by a broker - ANS licensed and regsistered
only can work for 1 broker at a time
Employment by an owner-developer - ANS An owner - developer is an individual or entity
who is in the business of buying, owning, and/or developing real estate. The owner- developer
must register with the Department but does not receive a real estate license.
Sales associate first renewal - ANS - 45 hour post license course
- no grace period
Attorney-in-fact - ANS A person given the authority to act on behalf of another under a
power of attorney.
Powers of the Department - ANS - seek an injunction against a licensee for not following
department order
- can;t issue it tho