Gold Coast Textbook Exam (14th Edition
Chapter Highlights) Questions And Answers
Chapter 1
What is the practice in real estate where licensees specialize in a
specific type of property or neighborhood? -
correct answer ✅Farming
What area of expertise is essential for all real estate licensees and
involves determining the worth of a property? -
correct answer ✅Property Valuation
If a real estate licensee wants to perform an appraisal, what set of
standards must they follow for development and reporting? -
correct answer ✅Uniform Standards of Professional Appraisal
Practice (USPAP)
According to Florida Statute [F.S. 475.278(5)(a)], what is considered
a residential transaction? -
correct answer ✅Sale of improved residential property with four
units or fewer
Under what conditions is a community association manager's
(CAM) license required in Florida? -
,Gold Coast Textbook Exam (14th Edition
Chapter Highlights) Questions And Answers
correct answer ✅If the property manager is compensated for
management services
What is tract building in real estate development? -
correct answer ✅Developing properties within a recorded
subdivision plat map
At what level are aspects like planning and zoning, property
taxation, building, and health code regulations typically controlled?
-
correct answer ✅Local Level
Chapter 2 -
What experience is required for a licensed sales associate to apply
to become a broker? -
correct answer ✅At least 24 months of employment under
licensed brokers within the last five years.
What must broker applicants complete to obtain an initial broker
license? -
,Gold Coast Textbook Exam (14th Edition
Chapter Highlights) Questions And Answers
correct answer ✅Broker pre-license requirements for initial license
and post-license requirements before expiration.
What is the result of an applicant for a broker license continuing
employment as a sales associate? -
correct answer ✅Registered as a broker associate after passing the
broker exam.
Are Florida residency and US citizenship mandatory for a Florida
real estate license? -
correct answer ✅No, residency and citizenship are not required.
What must be disclosed regarding criminal convictions on a real
estate license application? -
correct answer ✅All criminal convictions(DUI, MURDER, ETC)
except minor traffic offenses
What happens if a state exam application is denied? -
correct answer ✅Applicant can request a formal hearing within 21
days.
, Gold Coast Textbook Exam (14th Edition
Chapter Highlights) Questions And Answers
Can a sales associate or broker associate work for multiple brokers?
-
correct answer ✅No, only one broker at a time.
What's needed for a sales associate's first renewal? -
correct answer ✅Completing a 45-hour post-license course.
What occurs if CE requirements are not met by renewal deadline? -
correct answer ✅License status changes to involuntary inactive.
Who are "attorneys-in-fact" in real estate? -
correct answer ✅Persons granted power of attorney to act.
What defines a salaried employee working in an apartment leasing
capacity? -
correct answer ✅Sales associate in onsite rental office.
Chapter 3 -
Chapter Highlights) Questions And Answers
Chapter 1
What is the practice in real estate where licensees specialize in a
specific type of property or neighborhood? -
correct answer ✅Farming
What area of expertise is essential for all real estate licensees and
involves determining the worth of a property? -
correct answer ✅Property Valuation
If a real estate licensee wants to perform an appraisal, what set of
standards must they follow for development and reporting? -
correct answer ✅Uniform Standards of Professional Appraisal
Practice (USPAP)
According to Florida Statute [F.S. 475.278(5)(a)], what is considered
a residential transaction? -
correct answer ✅Sale of improved residential property with four
units or fewer
Under what conditions is a community association manager's
(CAM) license required in Florida? -
,Gold Coast Textbook Exam (14th Edition
Chapter Highlights) Questions And Answers
correct answer ✅If the property manager is compensated for
management services
What is tract building in real estate development? -
correct answer ✅Developing properties within a recorded
subdivision plat map
At what level are aspects like planning and zoning, property
taxation, building, and health code regulations typically controlled?
-
correct answer ✅Local Level
Chapter 2 -
What experience is required for a licensed sales associate to apply
to become a broker? -
correct answer ✅At least 24 months of employment under
licensed brokers within the last five years.
What must broker applicants complete to obtain an initial broker
license? -
,Gold Coast Textbook Exam (14th Edition
Chapter Highlights) Questions And Answers
correct answer ✅Broker pre-license requirements for initial license
and post-license requirements before expiration.
What is the result of an applicant for a broker license continuing
employment as a sales associate? -
correct answer ✅Registered as a broker associate after passing the
broker exam.
Are Florida residency and US citizenship mandatory for a Florida
real estate license? -
correct answer ✅No, residency and citizenship are not required.
What must be disclosed regarding criminal convictions on a real
estate license application? -
correct answer ✅All criminal convictions(DUI, MURDER, ETC)
except minor traffic offenses
What happens if a state exam application is denied? -
correct answer ✅Applicant can request a formal hearing within 21
days.
, Gold Coast Textbook Exam (14th Edition
Chapter Highlights) Questions And Answers
Can a sales associate or broker associate work for multiple brokers?
-
correct answer ✅No, only one broker at a time.
What's needed for a sales associate's first renewal? -
correct answer ✅Completing a 45-hour post-license course.
What occurs if CE requirements are not met by renewal deadline? -
correct answer ✅License status changes to involuntary inactive.
Who are "attorneys-in-fact" in real estate? -
correct answer ✅Persons granted power of attorney to act.
What defines a salaried employee working in an apartment leasing
capacity? -
correct answer ✅Sales associate in onsite rental office.
Chapter 3 -
