GOLD COAST REAL ESTATE - ACTUAL EXAM
COMPLETE QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED ANSWERS)
|ALREADY GRADED A+||BRAND NEW!!
Licensees have to be experts in all the following? - Marketing, Valuation,
Property Transfer
What is farming? - When licensees concentrate on ONE type, style of
property or particular neighborhood
In a business brokerage, what is the "going concern value" ? - (COMBINED
ASSETS OF A BUSINESS) value of the business, which includes income, intangible
vs tangible, goodwill and value of real property
In Construction & Development, tract building is? - involves use of model
homes
Local government bodies can impose - mora*torium
To obtain a license, you do not have to be? - Florida resident or Citizen of
the US
Where do all convictions have to appear? - On the application
, What happens after a state application denial - if they deny your
application, they have to inform you of your right to a formal hearing
Qualifications for Broker - Be active 2 years under one or more active
licensed broker within 5 year period, &
How many hours is the FREC II education course to be a Broker? - 72
Broker Associate - Sales Ass. with broker qualifications, working for a
Broker
Employment by a Broker - CANNOT receive compensation from others &
can only work with ONE broker at a time
What can a broker do that a Sales Ass cant do? - NOTHING Except, Broker
can work independently, while a Sales Ass MUST work under a Broker
How does employment by an owner-developer works? - The owner-
developer has to register with the department as a sales ass's owner. DOES NOT
need real estate license
What are three types of employment for sales ass? - By Broker, Owner-
developer, and Government Agency
What are the two dates to do your first renewal? - March 31
Sept. 30
COMPLETE QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED ANSWERS)
|ALREADY GRADED A+||BRAND NEW!!
Licensees have to be experts in all the following? - Marketing, Valuation,
Property Transfer
What is farming? - When licensees concentrate on ONE type, style of
property or particular neighborhood
In a business brokerage, what is the "going concern value" ? - (COMBINED
ASSETS OF A BUSINESS) value of the business, which includes income, intangible
vs tangible, goodwill and value of real property
In Construction & Development, tract building is? - involves use of model
homes
Local government bodies can impose - mora*torium
To obtain a license, you do not have to be? - Florida resident or Citizen of
the US
Where do all convictions have to appear? - On the application
, What happens after a state application denial - if they deny your
application, they have to inform you of your right to a formal hearing
Qualifications for Broker - Be active 2 years under one or more active
licensed broker within 5 year period, &
How many hours is the FREC II education course to be a Broker? - 72
Broker Associate - Sales Ass. with broker qualifications, working for a
Broker
Employment by a Broker - CANNOT receive compensation from others &
can only work with ONE broker at a time
What can a broker do that a Sales Ass cant do? - NOTHING Except, Broker
can work independently, while a Sales Ass MUST work under a Broker
How does employment by an owner-developer works? - The owner-
developer has to register with the department as a sales ass's owner. DOES NOT
need real estate license
What are three types of employment for sales ass? - By Broker, Owner-
developer, and Government Agency
What are the two dates to do your first renewal? - March 31
Sept. 30
