GOLD COAST REAL ESTATE - ACTUAL EXAM
COMPLETE QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED ANSWERS)
|ALREADY GRADED A+||BRAND NEW!!
Tract building - When a dev. Acquired land, records a plat map and uses a
model center from which sales may be made
Local level - Planning, zoning, property taxation, building and health codes
and regulations, and building moratoriums that affect development play a
significant role in the cost and desirability of real estate
Broker associate - A licensed broker working for another broker
False - A florida real estate license applicant must be a resident and citizen
(true or false)
Application Denial - You have 21 days to send a formal letter to the
department for a hearing if:
One - How mang brokers can a sales or broker associate work for
Post license requirements - No grace period
Sales associate first renewal - No grace period
,Exempt from licensure - Attorney in fact/ Attorney at Law
Attorneys at law - My perform legal services on behalf ofntheir clients; they
may prepare documents, handle closings, and give legal advice.
Involuntary inactive - An individual who does not request renewal of their
second or subsequent lecense, pay the required fees, or maintain their continuing
education requirements will have their license placed in
2 years - A license may remain in involuntary inactive status for no longer
than [rpt
Special Agent - A special agent is authorized under agency law by the
employer to perform a single act. The employment contract between the
employer and agent establishes the limit of authority granted
Presenting offers - A broker has a buty to transmit any and all offers to the
employer including oral offers or offers made without a binder deposit
Limited - A transaction broker provides what kind of representation
Single agent - this agency relationship is created when a broker accepts
employment under a single agency agreement. A broker may represent a seller or
buyer , or a landlord or tenant.
,Principal - In a single agency relationship, the employer becomes the
For sale By owner - Non Representation or (No Brokerage Relationship can
also be called)
FSBO - For sale by owner can also be called
Stationary Construction - An active broker is required to have this open
which must be registered with the department of Business and Professional
Regulation where Negotiations and the closing of real estate transactions can be
conducted with privacy
Others - Licencees should make clear that they are dealing on their own
account and not acting on the behalf of
Public - Licencees should make known their status as licencees to members
of the
Serious negotiations - This Disclosure should be made prior to entering into
Deposit - A form of Money, personal property, real property, or anything of
value that is capable of being converted into cash.
Closing - Typically the deposit is intended as partial payment of the
purchase price at?
, Post dated checks - Are considered to be promissory notes and can be
accepted as earnest money with the seller's approval.
True - When a deposit is placed, or is to be placed, with a title company or
an attorney, the licensee who prepared or presented the sales contract must
indicate on that contract the name, address, and telephone number of the title
company or attorney with whom the deposit was placed (True or False)
Escrow or trust account - May be held in a commercial bank, title company
which has trust powers, credit union, or savings and loan association located in
the state of Florida
cannot - The escrow account ______ be held in a stock or bond brokerage
house
Commingle - A broker is not allowed to _________ or deposit the personal
funds of any person with any funds being held in escrow, trust or on condition
Next business day - A sales associate or broker associate who receives an
earnest money deposit on behalf of his or her employer must deliver the deposit
to the employer no later than the _________________ following the receipt
True - A broker must immediately place the earnest money deposit in a
escrow or trust account. (True or False) [ezy
Immadiately - Defined as "No later than the end of the third business day
following receipt"
COMPLETE QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED ANSWERS)
|ALREADY GRADED A+||BRAND NEW!!
Tract building - When a dev. Acquired land, records a plat map and uses a
model center from which sales may be made
Local level - Planning, zoning, property taxation, building and health codes
and regulations, and building moratoriums that affect development play a
significant role in the cost and desirability of real estate
Broker associate - A licensed broker working for another broker
False - A florida real estate license applicant must be a resident and citizen
(true or false)
Application Denial - You have 21 days to send a formal letter to the
department for a hearing if:
One - How mang brokers can a sales or broker associate work for
Post license requirements - No grace period
Sales associate first renewal - No grace period
,Exempt from licensure - Attorney in fact/ Attorney at Law
Attorneys at law - My perform legal services on behalf ofntheir clients; they
may prepare documents, handle closings, and give legal advice.
Involuntary inactive - An individual who does not request renewal of their
second or subsequent lecense, pay the required fees, or maintain their continuing
education requirements will have their license placed in
2 years - A license may remain in involuntary inactive status for no longer
than [rpt
Special Agent - A special agent is authorized under agency law by the
employer to perform a single act. The employment contract between the
employer and agent establishes the limit of authority granted
Presenting offers - A broker has a buty to transmit any and all offers to the
employer including oral offers or offers made without a binder deposit
Limited - A transaction broker provides what kind of representation
Single agent - this agency relationship is created when a broker accepts
employment under a single agency agreement. A broker may represent a seller or
buyer , or a landlord or tenant.
,Principal - In a single agency relationship, the employer becomes the
For sale By owner - Non Representation or (No Brokerage Relationship can
also be called)
FSBO - For sale by owner can also be called
Stationary Construction - An active broker is required to have this open
which must be registered with the department of Business and Professional
Regulation where Negotiations and the closing of real estate transactions can be
conducted with privacy
Others - Licencees should make clear that they are dealing on their own
account and not acting on the behalf of
Public - Licencees should make known their status as licencees to members
of the
Serious negotiations - This Disclosure should be made prior to entering into
Deposit - A form of Money, personal property, real property, or anything of
value that is capable of being converted into cash.
Closing - Typically the deposit is intended as partial payment of the
purchase price at?
, Post dated checks - Are considered to be promissory notes and can be
accepted as earnest money with the seller's approval.
True - When a deposit is placed, or is to be placed, with a title company or
an attorney, the licensee who prepared or presented the sales contract must
indicate on that contract the name, address, and telephone number of the title
company or attorney with whom the deposit was placed (True or False)
Escrow or trust account - May be held in a commercial bank, title company
which has trust powers, credit union, or savings and loan association located in
the state of Florida
cannot - The escrow account ______ be held in a stock or bond brokerage
house
Commingle - A broker is not allowed to _________ or deposit the personal
funds of any person with any funds being held in escrow, trust or on condition
Next business day - A sales associate or broker associate who receives an
earnest money deposit on behalf of his or her employer must deliver the deposit
to the employer no later than the _________________ following the receipt
True - A broker must immediately place the earnest money deposit in a
escrow or trust account. (True or False) [ezy
Immadiately - Defined as "No later than the end of the third business day
following receipt"
