Gold Coast School Real Estate
Questions Ch.1-19
"The department" refers to which government entity? - ANS-The branch of commercial
enterprise and professional regulation (DBPR)
1. The actual estate marketplace is local in nature what does that mean? - ANS-Information
approximately real estate can quality be observed thru neighborhood assets, which makes the
real estate marketplace neighborhood in nature
2. You would expect a real property licensee to carry out all of the following activities, EXCEPT:
A. Providing expert information approximately production strategies and materials
B. Providing professional know-how to participants of the general public in the performance of
exact offerings of actual property
C. Following up with customers and clients after a transaction has been completed
D. Acting as an middleman, or agent, between two or more humans in the negotiation of the
sale, buy, or lease of real estate - ANS-A. Providing expert expertise about production methods
and substances
3. A real property licensee is predicted to have professional information in what 3 areas?
A. Valuation, advertising and marketing, and assets transfer
B. Mortgages, belongings taxes, and homeowners' insurance regulations
C. Residential actual estate, commercial real property, and surveys
D. Area schools, nearby crime rates, and proximity to ability employers - ANS-A. Valuation,
advertising, and assets switch
4. What is a comparative market analysis?
A. A evaluation of assessed values in the equal neighborhood
B. A value estimate based totally on recent sales of same houses within the identical
neighborhood
C. A fee estimate based totally in recent sales of comparable houses in the identical
neighborhood
D. An appraisal of the value of a property - ANS-C. A fee estimate based in recent income of
comparable properties inside the same neighborhood
5. Which form of valuation must be done in accordance with the Uniform Standards of
Professional Appraisal Practice (USPAP)
A. Appraisal in a federally-associated transaction
B. Broker price opinion (BPO)
,C. Comparative marketplace analysis (CMA)
D. None of the above - ANS-A. Appraisal in a federally-associated transaction
6. Many real property licensees have interaction in "farming". Which of the following best
describes what meaning?
A. They conduct open houses on weekends
B. They use advertising and marketing motors including direct mailing and commercials in
actual estate magazines
C. They give attention to the sale of agricultural properties
D. They focus on one kind of assets or in a specific neighborhood - ANS-D. They concentrate
on one type of belongings or in a specific neighborhood
A broker who lists a domestic for sale has which kind of agency courting with the proprietor of
the home?
A. Universal agent
B.Subagent
C. General agent
D. Special agent - ANS-D. Special agent
A Civil courtroom imposes what kind of quality because of a measurable loss?
A. Punitive damages
B. Statutory damages
C. Compensatory damages
D. Civil damages - ANS-C. Compensatory damages
A civil courtroom imposes what sort of penalty to punish a party whose movement causes a
lawsuit?
A. Punitive damages
B.Civil damages
C. Criminal damages
D. Personal damages - ANS-A. Punitive damages
A licensee provided apartment list records for a fee to a prospective tenant. If the information
provided became materially inaccurate approximately available Rental property, what recourse
does the possible tenant have?
A. The prospective tenant can sue the licensee for damages in civil court docket
B. The prospective tenant has no recourse if the licensee can exhibit that he or she did now not
intentionally misinform the tenant
C. The prospective tenant can demand a refund of seventy five% of the price inside 30 days of
the date of the agreement with the licensee
D. The potential tenant can demand a full refund of the price within 30 days of the date of the
contact with the licensee - ANS-D. The prospective tenant can demand a complete refund of the
charge within 30 days of the date of the contact with the licensee
, A Sales companion who's employed through a broker has which type of enterprise dating with
the broking?
A. Subagent
B. General agent
C. Special agent
D. Universal agent - ANS-B. General agent
According to F.A.C. 61J2-26.002, which of the subsequent humans could qualify for Florida
residency?
A. A person who lives in NYC and has stayed in The Breakers in Palm Beach, Florida for three
continuous months in the past wintry weather and in numerous other resorts in Palm Beach for
a total of two months at different times within the beyond year
B. A character who owns houses in Ocala and Melbourne Beach, Florida and has lived in his
primary residency in Georgia for 9 oof the past one year
C. A person from Texas who's residing in an condominium in Pensacola, Florida on a three
month temporary paintings project
D. A man or woman who spends summers in Michigan and lives in a motor home in an RV park
in Vero Beach, Florida from November 1 thru March 31 every 12 months - ANS-D. A character
who spends summers in Michigan and lives in a motor home in an RV park in Vero Beach,
Florida from November 1 through March 31 every yr
According to F.S. 475, all the following transactions are taken into consideration residential
transactions, EXCEPT:
A. A hire on a unit in a duplex, with an choice to buy the unit
B. The sale of a ten-unit rental constructing
C. The sale of an eight-acre strawberry farm
D. The sale of loads this is zoned for a unmarried-circle of relatives domestic - ANS-B. The sale
of a ten-unit condo constructing
According to the Brokerage Relationship Disclosure Act, how long have to a licensee maintain
copies of disclosure files for written residential income contracts?
A. Indefinitely
B. Five years from the date of execution, whether or not the transaction closes or fails to shut
C. Five years from the date of execution, however handiest if the transaction closes
D. Two years from the date of execution, whether or not the transaction closes or fails to shut -
ANS-B. Five years from the date of execution, whether or not the transaction closes or fails to
close
After you renew your license for the primary time, how frequently ought to you still renew it?
A. Every 2 years, however every four years if i have a 4-year degree in real estate
B. Every three years
C. Every four years
D. Every years - ANS-D. Every years
Questions Ch.1-19
"The department" refers to which government entity? - ANS-The branch of commercial
enterprise and professional regulation (DBPR)
1. The actual estate marketplace is local in nature what does that mean? - ANS-Information
approximately real estate can quality be observed thru neighborhood assets, which makes the
real estate marketplace neighborhood in nature
2. You would expect a real property licensee to carry out all of the following activities, EXCEPT:
A. Providing expert information approximately production strategies and materials
B. Providing professional know-how to participants of the general public in the performance of
exact offerings of actual property
C. Following up with customers and clients after a transaction has been completed
D. Acting as an middleman, or agent, between two or more humans in the negotiation of the
sale, buy, or lease of real estate - ANS-A. Providing expert expertise about production methods
and substances
3. A real property licensee is predicted to have professional information in what 3 areas?
A. Valuation, advertising and marketing, and assets transfer
B. Mortgages, belongings taxes, and homeowners' insurance regulations
C. Residential actual estate, commercial real property, and surveys
D. Area schools, nearby crime rates, and proximity to ability employers - ANS-A. Valuation,
advertising, and assets switch
4. What is a comparative market analysis?
A. A evaluation of assessed values in the equal neighborhood
B. A value estimate based totally on recent sales of same houses within the identical
neighborhood
C. A fee estimate based totally in recent sales of comparable houses in the identical
neighborhood
D. An appraisal of the value of a property - ANS-C. A fee estimate based in recent income of
comparable properties inside the same neighborhood
5. Which form of valuation must be done in accordance with the Uniform Standards of
Professional Appraisal Practice (USPAP)
A. Appraisal in a federally-associated transaction
B. Broker price opinion (BPO)
,C. Comparative marketplace analysis (CMA)
D. None of the above - ANS-A. Appraisal in a federally-associated transaction
6. Many real property licensees have interaction in "farming". Which of the following best
describes what meaning?
A. They conduct open houses on weekends
B. They use advertising and marketing motors including direct mailing and commercials in
actual estate magazines
C. They give attention to the sale of agricultural properties
D. They focus on one kind of assets or in a specific neighborhood - ANS-D. They concentrate
on one type of belongings or in a specific neighborhood
A broker who lists a domestic for sale has which kind of agency courting with the proprietor of
the home?
A. Universal agent
B.Subagent
C. General agent
D. Special agent - ANS-D. Special agent
A Civil courtroom imposes what kind of quality because of a measurable loss?
A. Punitive damages
B. Statutory damages
C. Compensatory damages
D. Civil damages - ANS-C. Compensatory damages
A civil courtroom imposes what sort of penalty to punish a party whose movement causes a
lawsuit?
A. Punitive damages
B.Civil damages
C. Criminal damages
D. Personal damages - ANS-A. Punitive damages
A licensee provided apartment list records for a fee to a prospective tenant. If the information
provided became materially inaccurate approximately available Rental property, what recourse
does the possible tenant have?
A. The prospective tenant can sue the licensee for damages in civil court docket
B. The prospective tenant has no recourse if the licensee can exhibit that he or she did now not
intentionally misinform the tenant
C. The prospective tenant can demand a refund of seventy five% of the price inside 30 days of
the date of the agreement with the licensee
D. The potential tenant can demand a full refund of the price within 30 days of the date of the
contact with the licensee - ANS-D. The prospective tenant can demand a complete refund of the
charge within 30 days of the date of the contact with the licensee
, A Sales companion who's employed through a broker has which type of enterprise dating with
the broking?
A. Subagent
B. General agent
C. Special agent
D. Universal agent - ANS-B. General agent
According to F.A.C. 61J2-26.002, which of the subsequent humans could qualify for Florida
residency?
A. A person who lives in NYC and has stayed in The Breakers in Palm Beach, Florida for three
continuous months in the past wintry weather and in numerous other resorts in Palm Beach for
a total of two months at different times within the beyond year
B. A character who owns houses in Ocala and Melbourne Beach, Florida and has lived in his
primary residency in Georgia for 9 oof the past one year
C. A person from Texas who's residing in an condominium in Pensacola, Florida on a three
month temporary paintings project
D. A man or woman who spends summers in Michigan and lives in a motor home in an RV park
in Vero Beach, Florida from November 1 thru March 31 every 12 months - ANS-D. A character
who spends summers in Michigan and lives in a motor home in an RV park in Vero Beach,
Florida from November 1 through March 31 every yr
According to F.S. 475, all the following transactions are taken into consideration residential
transactions, EXCEPT:
A. A hire on a unit in a duplex, with an choice to buy the unit
B. The sale of a ten-unit rental constructing
C. The sale of an eight-acre strawberry farm
D. The sale of loads this is zoned for a unmarried-circle of relatives domestic - ANS-B. The sale
of a ten-unit condo constructing
According to the Brokerage Relationship Disclosure Act, how long have to a licensee maintain
copies of disclosure files for written residential income contracts?
A. Indefinitely
B. Five years from the date of execution, whether or not the transaction closes or fails to shut
C. Five years from the date of execution, however handiest if the transaction closes
D. Two years from the date of execution, whether or not the transaction closes or fails to shut -
ANS-B. Five years from the date of execution, whether or not the transaction closes or fails to
close
After you renew your license for the primary time, how frequently ought to you still renew it?
A. Every 2 years, however every four years if i have a 4-year degree in real estate
B. Every three years
C. Every four years
D. Every years - ANS-D. Every years
