Gold Coast RE 1001 Cram, Practice Math And Final Exam
With Accurate Solutions.
312. Florida has established three authorized brokerage relationships. Unless
otherwise established by agreement, what is the broker's relationship with
the public?
a. Nonrepresentation
b. Single agency
c. Dual agency
d. Transaction brokerage - accurate answers-D. Transaction brokerage
242. A broker has been found guilty of mail fraud by a court and sent to jail.
The broker's license will:
a. Automatically be revoked
b. Automatically be suspended
c. Probably be revoked because of the
conviction
d. Be renewed while he is in jail - accurate answers-C. Probably be revoked
because of the conviction
4. What is it called when a developer gives land to a governmental body?
a. Eminent domain
b. Condemnation
c. Lis pendens
d. Dedication - accurate answers-D. dedication
5. What business is a licensee engaged in who markets, leases and maintains
property for someone else?
a. Property management
b. Business brokerage
c. Universal agency
d. Estoppel - accurate answers-A. property management
,6. In which service of real estate must a licensee disclose the agency
relationship and the responsibilities of that relationship to the public?
a. Residential sales
b. Residential leasing
c. Real estate appraisals
d. Real estate auctions - accurate answers-A. residential sales
7. Which power authorizes the FREC to pass or revise rules?
a. Ministerial powers
b. Quasi-executive
c. Quasi-judicial
d. Quasi-legislative - accurate answers-D. quasi-legislative
8. All of the following would be grounds for suspension or revocation of a real
estate license, EXCEPT:
a. Not giving the proper agency disclosure
b. Falsifying information on a license
application
c. Not being a resident of Florida
d. False advertising - accurate answers-C. not being a resident of Florida
9. Sandy works as a sales associate for a broker and has been asked to work
weekends for a developer to sell new homes on commission. What must
Sandy do to work for the developer?
a. Transfer her license from the broker to the owner-developer
b. Notify the broker where she can be found on weekends
c. Contact the state and be issued a group license
d. Contact the state and be issued multiple licenses - accurate answers-A.
transfer her license from the broker to the owner developer
10. What does the license law require that a licensee complete before the first
renewal of a Florida real estate license?
a. A continuing education course
b. A minimum number of transactions
,c. A post-licensing course
d. A REALTOR® orientation course - accurate answers-C. post-licensing
course
11. In a brokerage corporation, the officers
and directors can be active or inactive brokers or nonlicensed registered
persons. If someone who is nonlicensed and registered wants to become a
broker, what must he or she do?
a. File an application with the secretary of state
b. Only take a 40-question law exam
c. Qualify for a broker license in the same
way as anyone else
d. Demonstrate 2 years of experience in the
real estate business - accurate answers-C. Qualify for a broker license in the
same
way as anyone else.
12. Who would be exempt from the real estate licensing law?
a. An apartment manager in an on-site
rental office renting for 2 years
b. A condominium manager leasing units for
2 years on salary
c. A mortgage broker negotiating a lease for
1 year
d. A person who rents mobile home lots - accurate answers-D. a person who
rents mobile home lots
13. Which entity provides the best protection for the public during a real
estate transaction?
a. The National and State Association of
REALTORS®
b. The punishment of licensees dealing
dishonestly
c. The NAR Code of Ethics
d. FREC and the license law - accurate answers-D. FREC and the license law
, 14. Which of the following is a characteristic of group license?
a. It allows a broker to have branch offices.
b. It allows a sales associate to work for
more than one broker.
c. It may be held by a sales associate or
broker associate.
d. It allows a broker to qualify for more than
one brokerage firm. - accurate answers-C. it may be held by a sales associate
or broker associate
16. Complete the sentence. A broker who holds more than one broker license:
a. Holds multiple licenses
b. Is in violation of the license law
c. Must register one as a branch license
d. Can have only one active at a time - accurate answers-A. holds multiple
licenses
17. Complete the sentence. General partners in a brokerage partnership that
are not qualified to perform the services of real estate must be registered:
a. As inactive sales associates
b. As ostensible partners
c. As inactive broker associates
d. For identification purposes - accurate answers-D. For identification
purposes
18. Bill's license expired on September 30. On February 14, of the following
year, he wants to renew it. If it is not his first renewal, what must Bill do?
a. Start over with a pre-license course
b. Pay a late fee and complete two 14-hour
continuing education classes
c. Pay a late fee and complete 14 hours of
continuing education
d. Pay a late fee and complete 45 hours of
post-license education - accurate answers-C. Pay a late fee and complete 14
hours of
With Accurate Solutions.
312. Florida has established three authorized brokerage relationships. Unless
otherwise established by agreement, what is the broker's relationship with
the public?
a. Nonrepresentation
b. Single agency
c. Dual agency
d. Transaction brokerage - accurate answers-D. Transaction brokerage
242. A broker has been found guilty of mail fraud by a court and sent to jail.
The broker's license will:
a. Automatically be revoked
b. Automatically be suspended
c. Probably be revoked because of the
conviction
d. Be renewed while he is in jail - accurate answers-C. Probably be revoked
because of the conviction
4. What is it called when a developer gives land to a governmental body?
a. Eminent domain
b. Condemnation
c. Lis pendens
d. Dedication - accurate answers-D. dedication
5. What business is a licensee engaged in who markets, leases and maintains
property for someone else?
a. Property management
b. Business brokerage
c. Universal agency
d. Estoppel - accurate answers-A. property management
,6. In which service of real estate must a licensee disclose the agency
relationship and the responsibilities of that relationship to the public?
a. Residential sales
b. Residential leasing
c. Real estate appraisals
d. Real estate auctions - accurate answers-A. residential sales
7. Which power authorizes the FREC to pass or revise rules?
a. Ministerial powers
b. Quasi-executive
c. Quasi-judicial
d. Quasi-legislative - accurate answers-D. quasi-legislative
8. All of the following would be grounds for suspension or revocation of a real
estate license, EXCEPT:
a. Not giving the proper agency disclosure
b. Falsifying information on a license
application
c. Not being a resident of Florida
d. False advertising - accurate answers-C. not being a resident of Florida
9. Sandy works as a sales associate for a broker and has been asked to work
weekends for a developer to sell new homes on commission. What must
Sandy do to work for the developer?
a. Transfer her license from the broker to the owner-developer
b. Notify the broker where she can be found on weekends
c. Contact the state and be issued a group license
d. Contact the state and be issued multiple licenses - accurate answers-A.
transfer her license from the broker to the owner developer
10. What does the license law require that a licensee complete before the first
renewal of a Florida real estate license?
a. A continuing education course
b. A minimum number of transactions
,c. A post-licensing course
d. A REALTOR® orientation course - accurate answers-C. post-licensing
course
11. In a brokerage corporation, the officers
and directors can be active or inactive brokers or nonlicensed registered
persons. If someone who is nonlicensed and registered wants to become a
broker, what must he or she do?
a. File an application with the secretary of state
b. Only take a 40-question law exam
c. Qualify for a broker license in the same
way as anyone else
d. Demonstrate 2 years of experience in the
real estate business - accurate answers-C. Qualify for a broker license in the
same
way as anyone else.
12. Who would be exempt from the real estate licensing law?
a. An apartment manager in an on-site
rental office renting for 2 years
b. A condominium manager leasing units for
2 years on salary
c. A mortgage broker negotiating a lease for
1 year
d. A person who rents mobile home lots - accurate answers-D. a person who
rents mobile home lots
13. Which entity provides the best protection for the public during a real
estate transaction?
a. The National and State Association of
REALTORS®
b. The punishment of licensees dealing
dishonestly
c. The NAR Code of Ethics
d. FREC and the license law - accurate answers-D. FREC and the license law
, 14. Which of the following is a characteristic of group license?
a. It allows a broker to have branch offices.
b. It allows a sales associate to work for
more than one broker.
c. It may be held by a sales associate or
broker associate.
d. It allows a broker to qualify for more than
one brokerage firm. - accurate answers-C. it may be held by a sales associate
or broker associate
16. Complete the sentence. A broker who holds more than one broker license:
a. Holds multiple licenses
b. Is in violation of the license law
c. Must register one as a branch license
d. Can have only one active at a time - accurate answers-A. holds multiple
licenses
17. Complete the sentence. General partners in a brokerage partnership that
are not qualified to perform the services of real estate must be registered:
a. As inactive sales associates
b. As ostensible partners
c. As inactive broker associates
d. For identification purposes - accurate answers-D. For identification
purposes
18. Bill's license expired on September 30. On February 14, of the following
year, he wants to renew it. If it is not his first renewal, what must Bill do?
a. Start over with a pre-license course
b. Pay a late fee and complete two 14-hour
continuing education classes
c. Pay a late fee and complete 14 hours of
continuing education
d. Pay a late fee and complete 45 hours of
post-license education - accurate answers-C. Pay a late fee and complete 14
hours of
