Gold Coast RE 1001 Cram, Practice Math
and Final Exam Q&A 2024
312.56Florida56has56established56three56authorized56brokerage56relationships.56Unless56
otherwise56established56by56agreement,56what56is56the56broker's56relationship56with56the
56public?
a. Nonrepresentation
b. Single56agency
c. Dual56agency
d. Transaction56brokerage56-56CORRECT56ANSWER-D.56Transaction56brokerage
242.56A56broker56has56been56found56guilty56of56mail56fraud56by56a56court56and56sent56to
56jail.56The56broker's56license56will:
a. Automatically56be56revoked
b. Automatically56be56suspended
c. Probably56be56revoked56because56of
56the56conviction
d. Be56renewed56while56he56is56in56jail56-56CORRECT56ANSWER-
C.56Probably56be56revoked56because56of56the56conviction
4. What56is56it56called56when56a56developer56gives56land56to56a56governmental56body?
a. Eminent56domain
b. Condemnation
c. Lis56pendens
d. Dedication56-56CORRECT56ANSWER-D.56dedication
5. What56business56is56a56licensee56engaged56in56who56markets,56leases56and56maintai
ns56property56for56someone56else?
a. Property56management
b. Business56brokerage
c. Universal56agency
d. Estoppel56-56CORRECT56ANSWER-A.56property56management
6. In56which56service56of56real56estate56must56a56licensee56disclose56the56agency56rela
tionship56and56the56responsibilities56of56that56relationship56to56the56public?
a. Residential56sales
b. Residential56leasing
c. Real56estate56appraisals
d. Real56estate56auctions56-56CORRECT56ANSWER-A.56residential56sales
,7. Which56power56authorizes56the56FREC56to56pass56or56revise56rules?
a. Ministerial56powers
b. Quasi-executive
c. Quasi-judicial
d. Quasi-legislative56-56CORRECT56ANSWER-D.56quasi-legislative
8. All56of56the56following56would56be56grounds56for56suspension56or56revocation56of56
a56real56estate56license,56EXCEPT:
a. Not56giving56the56proper56agency56disclosure
b. Falsifying56information56on56a56lice
nse56application
c. Not56being56a56resident56of56Florida
d. False56advertising56-56CORRECT56ANSWER-C.56not56being56a56resident56of56Florida
9. Sandy56works56as56a56sales56associate56for56a56broker56and56has56been56asked56t
o56work56weekends56for56a56developer56to56sell56new56homes56on56commission.56Wh
at56must56Sandy56do56to56work56for56the56developer?
a. Transfer56her56license56from56the56broker56to56the56owner-developer
b. Notify56the56broker56where56she56can56be56found56on56weekends
c. Contact56the56state56and56be56issued56a56group56license
d. Contact56the56state56and56be56issued56multiple56licenses56-56CORRECT56ANSWER-
A.56transfer56her56license56from56the56broker56to56the56owner56developer
10. What56does56the56license56law56require56that56a56licensee56complete56before56the56
first56renewal56of56a56Florida56real56estate56license?
a. A56continuing56education56course
b. A56minimum56number56of56transactions
c. A56post-licensing56course
d. A56REALTOR®56orientation56course56-56CORRECT56ANSWER-C.56post-
licensing56course
11. In56a56brokerage56corporation,56the56officers
and56directors56can56be56active56or56inactive56brokers56or56nonlicensed56registered56per
sons.56If56someone56who56is56nonlicensed56and56registered56wants56to56become56a56bro
ker,56what56must56he56or56she56do?
a. File56an56application56with56the56secretary56of56state
b. Only56take56a5640-question56law56exam
c. Qualify56for56a56broker56license56in56the
56same56way56as56anyone56else
d. Demonstrate56256years56of56experience56in56the
real56estate56business56-56CORRECT56ANSWER-
C.56Qualify56for56a56broker56license56in56the56same
,way56as56anyone56else.
12. Who56would56be56exempt56from56the56real56estate56licensing56law?
a. An56apartment56manager56in56an56o
n-
site56rental56office56renting56for56256ye
ars
b. A56condominium56manager56leasing56unit
s56for56256years56on56salary
c. A56mortgage56broker56negotiating56a56leas
e56for56156year
d. A56person56who56rents56mobile56home56lots56-56CORRECT56ANSWER-
D.56a56person56who56rents56mobile56home56lots
13. Which56entity56provides56the56best56protection56for56the56public56during56a5
6real56estate56transaction?
a. The56National56and56State56Associatio
n56of56REALTORS®
b. The56punishment56of56licensees56dea
ling56dishonestly
c. The56NAR56Code56of56Ethics
d. FREC56and56the56license56law56-56CORRECT56ANSWER-
D.56FREC56and56the56license56law
14. Which56of56the56following56is56a56characteristic56of56group56license?
a. It56allows56a56broker56to56have56branch56offices.
b. It56allows56a56sales56associate56to56w
ork56for56more56than56one56broker.
c. It56may56be56held56by56a56sales56asso
ciate56or56broker56associate.
d. It56allows56a56broker56to56qualify56for56more56than
one56brokerage56firm.56-56CORRECT56ANSWER-
C.56it56may56be56held56by56a56sales56associate56or56broker56associate
16. Complete56the56sentence.56A56broker56who56holds56more56than56one56broker56license:
a. Holds56multiple56licenses
b. Is56in56violation56of56the56license56law
c. Must56register56one56as56a56branch56license
d. Can56have56only56one56active56at56a56time56-56CORRECT56ANSWER-
A.56holds56multiple56licenses
17. Complete56the56sentence.56General56partners56in56a56brokerage56partnership56th
at56are56not56qualified56to56perform56the56services56of56real56estate56must56be56regist
ered:
a. As56inactive56sales56associates
b. As56ostensible56partners
, c. As56inactive56broker56associates
d. For56identification56purposes56-56CORRECT56ANSWER-D.56For56identification56purposes
18. Bill's56license56expired56on56September5630.56On56February5614,56of56the56followi
ng56year,56he56wants56to56renew56it.56If56it56is56not56his56first56renewal,56what56must5
6Bill56do?
a. Start56over56with56a56pre-license56course
b. Pay56a56late56fee56and56complete56two56
14-hour56continuing56education56classes
c. Pay56a56late56fee56and56complete561456h
ours56of56continuing56education
d. Pay56a56late56fee56and56complete564556hours56of
post-license56education56-56CORRECT56ANSWER-
C.56Pay56a56late56fee56and56complete561456hours56of
continuing56education.
19. Ron56and56his56wife56each56have56real56estate56licenses56before56he56enters56the56m
ilitary.56Ron56is56stationed56in56Washington,56D.C.,56and56his56wife56accompanies56him5
6there.56If56they56make56their56licenses56inactive:
a. Only56Ron56is56exempt56from56renewal56requirements56until56656months56after56he56is56dis
charged.
b. Only56Ron56is56exempt56from56renewal56requirements56until561256months56
after56he56is56discharged.
c. Ron56and56his56wife56are56exempt56from56renewal56requirements56until56656months
56after56Ron's56discharge.
d. Ron56and56his56wife56are56exempt56from56renewal56requirements56until561256months
56after56Ron's56discharge.56-56CORRECT56ANSWER-
C.56Ron56and56his56wife56are56exempt56from56renewal56requirements56until56656month
s56after56Ron's56discharge
20. What56is56the56status56of56a56sales56associate's56license56if56the56sales56associat
e56works56for56a56broker,56and56that56broker56loses56his56license?
a. Unaffected
b. Suspended
c. Revoked
d. Involuntary56inactive56-56CORRECT56ANSWER-D.56Involuntary56inactive
21. The56Florida56Real56Estate56Commission56may56do56all56of56the56following,56EXCEPT:
a. Impose56imprisonment56as56a56penalty
b. Pass56rules56to56implement56the56license56law56c.56Make56determination56of56violations
d.56Establish56licensing56fees56-56CORRECT56ANSWER-
A.56impose56imprisonment56as56a56penalty
22. Karl's56license56expired56on56September5630,562015.56On56February5610,56201956
he56wants56to56activate56it56again.56Which56is56correct?
and Final Exam Q&A 2024
312.56Florida56has56established56three56authorized56brokerage56relationships.56Unless56
otherwise56established56by56agreement,56what56is56the56broker's56relationship56with56the
56public?
a. Nonrepresentation
b. Single56agency
c. Dual56agency
d. Transaction56brokerage56-56CORRECT56ANSWER-D.56Transaction56brokerage
242.56A56broker56has56been56found56guilty56of56mail56fraud56by56a56court56and56sent56to
56jail.56The56broker's56license56will:
a. Automatically56be56revoked
b. Automatically56be56suspended
c. Probably56be56revoked56because56of
56the56conviction
d. Be56renewed56while56he56is56in56jail56-56CORRECT56ANSWER-
C.56Probably56be56revoked56because56of56the56conviction
4. What56is56it56called56when56a56developer56gives56land56to56a56governmental56body?
a. Eminent56domain
b. Condemnation
c. Lis56pendens
d. Dedication56-56CORRECT56ANSWER-D.56dedication
5. What56business56is56a56licensee56engaged56in56who56markets,56leases56and56maintai
ns56property56for56someone56else?
a. Property56management
b. Business56brokerage
c. Universal56agency
d. Estoppel56-56CORRECT56ANSWER-A.56property56management
6. In56which56service56of56real56estate56must56a56licensee56disclose56the56agency56rela
tionship56and56the56responsibilities56of56that56relationship56to56the56public?
a. Residential56sales
b. Residential56leasing
c. Real56estate56appraisals
d. Real56estate56auctions56-56CORRECT56ANSWER-A.56residential56sales
,7. Which56power56authorizes56the56FREC56to56pass56or56revise56rules?
a. Ministerial56powers
b. Quasi-executive
c. Quasi-judicial
d. Quasi-legislative56-56CORRECT56ANSWER-D.56quasi-legislative
8. All56of56the56following56would56be56grounds56for56suspension56or56revocation56of56
a56real56estate56license,56EXCEPT:
a. Not56giving56the56proper56agency56disclosure
b. Falsifying56information56on56a56lice
nse56application
c. Not56being56a56resident56of56Florida
d. False56advertising56-56CORRECT56ANSWER-C.56not56being56a56resident56of56Florida
9. Sandy56works56as56a56sales56associate56for56a56broker56and56has56been56asked56t
o56work56weekends56for56a56developer56to56sell56new56homes56on56commission.56Wh
at56must56Sandy56do56to56work56for56the56developer?
a. Transfer56her56license56from56the56broker56to56the56owner-developer
b. Notify56the56broker56where56she56can56be56found56on56weekends
c. Contact56the56state56and56be56issued56a56group56license
d. Contact56the56state56and56be56issued56multiple56licenses56-56CORRECT56ANSWER-
A.56transfer56her56license56from56the56broker56to56the56owner56developer
10. What56does56the56license56law56require56that56a56licensee56complete56before56the56
first56renewal56of56a56Florida56real56estate56license?
a. A56continuing56education56course
b. A56minimum56number56of56transactions
c. A56post-licensing56course
d. A56REALTOR®56orientation56course56-56CORRECT56ANSWER-C.56post-
licensing56course
11. In56a56brokerage56corporation,56the56officers
and56directors56can56be56active56or56inactive56brokers56or56nonlicensed56registered56per
sons.56If56someone56who56is56nonlicensed56and56registered56wants56to56become56a56bro
ker,56what56must56he56or56she56do?
a. File56an56application56with56the56secretary56of56state
b. Only56take56a5640-question56law56exam
c. Qualify56for56a56broker56license56in56the
56same56way56as56anyone56else
d. Demonstrate56256years56of56experience56in56the
real56estate56business56-56CORRECT56ANSWER-
C.56Qualify56for56a56broker56license56in56the56same
,way56as56anyone56else.
12. Who56would56be56exempt56from56the56real56estate56licensing56law?
a. An56apartment56manager56in56an56o
n-
site56rental56office56renting56for56256ye
ars
b. A56condominium56manager56leasing56unit
s56for56256years56on56salary
c. A56mortgage56broker56negotiating56a56leas
e56for56156year
d. A56person56who56rents56mobile56home56lots56-56CORRECT56ANSWER-
D.56a56person56who56rents56mobile56home56lots
13. Which56entity56provides56the56best56protection56for56the56public56during56a5
6real56estate56transaction?
a. The56National56and56State56Associatio
n56of56REALTORS®
b. The56punishment56of56licensees56dea
ling56dishonestly
c. The56NAR56Code56of56Ethics
d. FREC56and56the56license56law56-56CORRECT56ANSWER-
D.56FREC56and56the56license56law
14. Which56of56the56following56is56a56characteristic56of56group56license?
a. It56allows56a56broker56to56have56branch56offices.
b. It56allows56a56sales56associate56to56w
ork56for56more56than56one56broker.
c. It56may56be56held56by56a56sales56asso
ciate56or56broker56associate.
d. It56allows56a56broker56to56qualify56for56more56than
one56brokerage56firm.56-56CORRECT56ANSWER-
C.56it56may56be56held56by56a56sales56associate56or56broker56associate
16. Complete56the56sentence.56A56broker56who56holds56more56than56one56broker56license:
a. Holds56multiple56licenses
b. Is56in56violation56of56the56license56law
c. Must56register56one56as56a56branch56license
d. Can56have56only56one56active56at56a56time56-56CORRECT56ANSWER-
A.56holds56multiple56licenses
17. Complete56the56sentence.56General56partners56in56a56brokerage56partnership56th
at56are56not56qualified56to56perform56the56services56of56real56estate56must56be56regist
ered:
a. As56inactive56sales56associates
b. As56ostensible56partners
, c. As56inactive56broker56associates
d. For56identification56purposes56-56CORRECT56ANSWER-D.56For56identification56purposes
18. Bill's56license56expired56on56September5630.56On56February5614,56of56the56followi
ng56year,56he56wants56to56renew56it.56If56it56is56not56his56first56renewal,56what56must5
6Bill56do?
a. Start56over56with56a56pre-license56course
b. Pay56a56late56fee56and56complete56two56
14-hour56continuing56education56classes
c. Pay56a56late56fee56and56complete561456h
ours56of56continuing56education
d. Pay56a56late56fee56and56complete564556hours56of
post-license56education56-56CORRECT56ANSWER-
C.56Pay56a56late56fee56and56complete561456hours56of
continuing56education.
19. Ron56and56his56wife56each56have56real56estate56licenses56before56he56enters56the56m
ilitary.56Ron56is56stationed56in56Washington,56D.C.,56and56his56wife56accompanies56him5
6there.56If56they56make56their56licenses56inactive:
a. Only56Ron56is56exempt56from56renewal56requirements56until56656months56after56he56is56dis
charged.
b. Only56Ron56is56exempt56from56renewal56requirements56until561256months56
after56he56is56discharged.
c. Ron56and56his56wife56are56exempt56from56renewal56requirements56until56656months
56after56Ron's56discharge.
d. Ron56and56his56wife56are56exempt56from56renewal56requirements56until561256months
56after56Ron's56discharge.56-56CORRECT56ANSWER-
C.56Ron56and56his56wife56are56exempt56from56renewal56requirements56until56656month
s56after56Ron's56discharge
20. What56is56the56status56of56a56sales56associate's56license56if56the56sales56associat
e56works56for56a56broker,56and56that56broker56loses56his56license?
a. Unaffected
b. Suspended
c. Revoked
d. Involuntary56inactive56-56CORRECT56ANSWER-D.56Involuntary56inactive
21. The56Florida56Real56Estate56Commission56may56do56all56of56the56following,56EXCEPT:
a. Impose56imprisonment56as56a56penalty
b. Pass56rules56to56implement56the56license56law56c.56Make56determination56of56violations
d.56Establish56licensing56fees56-56CORRECT56ANSWER-
A.56impose56imprisonment56as56a56penalty
22. Karl's56license56expired56on56September5630,562015.56On56February5610,56201956
he56wants56to56activate56it56again.56Which56is56correct?
