GOLD COAST REAL ESTATE - ACTUAL EXAM
COMPLETE QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED ANSWERS)
|ALREADY GRADED A+||BRAND NEW!!
Farming - licensee concentrate on one type or style of property or on one
particular neighborhood
Farm area or target market - Finding and specializing in a particular
neighborhood or type of property. Considered to be one of the best ways to
succeed in the real estate business
Tract building - When a developer acquires a large tract of land, records a
subdivision plat map, and uses a model center from which sales may be made
Local level - Government Regulation:
At the local level, planning and 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
Purpose of the law - F.S. 475 to protect the public
Commission or FREC - Refers to the Florida real estate commission
,Department or DBPR - Refers to the department of business and professional
regulation
Division or DRE - Refers to the division of real estate
License - Means any permit, registration, certificate, or license issued by the
department
Licensee - Refers to any person to whom a permit, registration, certificate or
license is issued by the department
A BAR SALE - The most common services of real estate:
Appraising
Buying
Auctioning
Renting
Selling
Advertising
Leasing
Exchanging
Sales associate - Must be employed by a real estate broker or owner
developer to practice real estate
,*must complete all pre license requirements to obtain their initial license as a
sales associate
Broker - A person who performs services of real estate as an agent for another
and receives compensation for those services either directly or indirectly
A Sales Associate transitioning to a Broker - Must have been employed under
one or more actively licensed brokers for at least 24 months writhing the last 5 yrs
before becoming eligible to take the state broker examination
Additional applicants who qualify to apply for a brokers license [F.A.C.61J2-
2.027(1)(b)] - Actively licensed real estate sales associates from another STATE
OR NATION who have been Licensed for at least 24 months during the preceding
5 yrs
Broker Associate - Someone who is qualified to receive a broker license but
chooses instead to be employed under the direction, control and management of
an actively licensed broker or owner developer.
In this capacity the broker acts as a sales associate NOT as a broker
Florida real estate license requirements - An applicant for a Florida real estate
license requirements is NOT required to be a resident of the state of Florida, or to
be a citizen of the United States
Florida Mutual recognition - Florida has entered into "Contractual
agreements" with 7 states that recognize the similarity in the content of their
mutual education and experience requirements for real estate licensing.
, Alabama
Arkansas
Connecticut
Georgia
Mississippi
Illinois
Nebraska
Form #1 DBPR RE 1
"Have you ever been convicted or found guilty of, or entered a plea of Nolo
contendere (no contest) or guilty to, regardless of adjudication, a crime in any
jurisdiction, or are you currently under criminal investigation?"
The question further defines which offenses are covered - For practical
purposes, this question requires the disclosure of any criminal convictions,
including felony or misdemeanor convictions or pleas ( other than minor traffic
offenses).
DUI is not a minor traffic offense and must be disclosed
Application Denial - If an application to take state exam is denied, the
applicant will be notified in writing.
The notification will identify the reasons for denial and advise the applicant they
they have 21 days from the date of receipt to request a formal hearing before an
administrative law judge
Compensating broker or sales associate - Florida real estate license law
requires a sales or broker associate to be employed as an agent of either a broker
or owner developer before performing real estate services for compensation.
COMPLETE QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED ANSWERS)
|ALREADY GRADED A+||BRAND NEW!!
Farming - licensee concentrate on one type or style of property or on one
particular neighborhood
Farm area or target market - Finding and specializing in a particular
neighborhood or type of property. Considered to be one of the best ways to
succeed in the real estate business
Tract building - When a developer acquires a large tract of land, records a
subdivision plat map, and uses a model center from which sales may be made
Local level - Government Regulation:
At the local level, planning and 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
Purpose of the law - F.S. 475 to protect the public
Commission or FREC - Refers to the Florida real estate commission
,Department or DBPR - Refers to the department of business and professional
regulation
Division or DRE - Refers to the division of real estate
License - Means any permit, registration, certificate, or license issued by the
department
Licensee - Refers to any person to whom a permit, registration, certificate or
license is issued by the department
A BAR SALE - The most common services of real estate:
Appraising
Buying
Auctioning
Renting
Selling
Advertising
Leasing
Exchanging
Sales associate - Must be employed by a real estate broker or owner
developer to practice real estate
,*must complete all pre license requirements to obtain their initial license as a
sales associate
Broker - A person who performs services of real estate as an agent for another
and receives compensation for those services either directly or indirectly
A Sales Associate transitioning to a Broker - Must have been employed under
one or more actively licensed brokers for at least 24 months writhing the last 5 yrs
before becoming eligible to take the state broker examination
Additional applicants who qualify to apply for a brokers license [F.A.C.61J2-
2.027(1)(b)] - Actively licensed real estate sales associates from another STATE
OR NATION who have been Licensed for at least 24 months during the preceding
5 yrs
Broker Associate - Someone who is qualified to receive a broker license but
chooses instead to be employed under the direction, control and management of
an actively licensed broker or owner developer.
In this capacity the broker acts as a sales associate NOT as a broker
Florida real estate license requirements - An applicant for a Florida real estate
license requirements is NOT required to be a resident of the state of Florida, or to
be a citizen of the United States
Florida Mutual recognition - Florida has entered into "Contractual
agreements" with 7 states that recognize the similarity in the content of their
mutual education and experience requirements for real estate licensing.
, Alabama
Arkansas
Connecticut
Georgia
Mississippi
Illinois
Nebraska
Form #1 DBPR RE 1
"Have you ever been convicted or found guilty of, or entered a plea of Nolo
contendere (no contest) or guilty to, regardless of adjudication, a crime in any
jurisdiction, or are you currently under criminal investigation?"
The question further defines which offenses are covered - For practical
purposes, this question requires the disclosure of any criminal convictions,
including felony or misdemeanor convictions or pleas ( other than minor traffic
offenses).
DUI is not a minor traffic offense and must be disclosed
Application Denial - If an application to take state exam is denied, the
applicant will be notified in writing.
The notification will identify the reasons for denial and advise the applicant they
they have 21 days from the date of receipt to request a formal hearing before an
administrative law judge
Compensating broker or sales associate - Florida real estate license law
requires a sales or broker associate to be employed as an agent of either a broker
or owner developer before performing real estate services for compensation.
