Gold Coast Real Estate Exam Questions With
Correct Answers
When |a |dev. |Acquired |land, |records |a |plat |map |and |uses |a |model |center |from |which |sales |
may |be |made |- |CORRECT |ANSWER✔✔-Tract |building
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 |- |CORRECT |ANSWER✔✔-Local |level
A |licensed |broker |working |for |another |broker |- |CORRECT |ANSWER✔✔-Broker |associate
A |florida |real |estate |license |applicant |must |be |a |resident |and |citizen |(true |or |false) |- |CORRECT |
ANSWER✔✔-False
You |have |21 |days |to |send |a |formal |letter |to |the |department |for |a |hearing |if: |- |CORRECT |
ANSWER✔✔-Application |Denial
How |mang |brokers |can |a |sales |or |broker |associate |work |for |- |CORRECT |ANSWER✔✔-One
No |grace |period |- |CORRECT |ANSWER✔✔-Post |license |requirements
No |grace |period |- |CORRECT |ANSWER✔✔-Sales |associate |first |renewal
Attorney |in |fact/ |Attorney |at |Law |- |CORRECT |ANSWER✔✔-Exempt |from |licensure
,My |perform |legal |services |on |behalf |ofntheir |clients; |they |may |prepare |documents, |handle |
closings, |and |give |legal |advice. |- |CORRECT |ANSWER✔✔-Attorneys |at |law
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 |- |CORRECT |ANSWER✔✔-Involuntary |inactive
A |license |may |remain |in |involuntary |inactive |status |for |no |longer |than |- |CORRECT |
ANSWER✔✔-2 |years
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 |- |CORRECT |ANSWER✔✔-Special |Agent
A |broker |has |a |buty |to |transmit |any |and |all |offers |to |the |employer |including |oral |offers |or |
offers |made |without |a |binder |deposit |- |CORRECT |ANSWER✔✔-Presenting |offers
A |transaction |broker |provides |what |kind |of |representation |- |CORRECT |ANSWER✔✔-Limited
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. |- |CORRECT |
ANSWER✔✔-Single |agent
In |a |single |agency |relationship, |the |employer |becomes |the |- |CORRECT |ANSWER✔✔-Principal
Non |Representation |or |(No |Brokerage |Relationship |can |also |be |called) |- |CORRECT |
ANSWER✔✔-For |sale |By |owner
For |sale |by |owner |can |also |be |called |- |CORRECT |ANSWER✔✔-FSBO
, 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 |- |CORRECT |ANSWER✔✔-Stationary |Construction
Licencees |should |make |clear |that |they |are |dealing |on |their |own |account |and |not |acting |on |the
|behalf |of |- |CORRECT |ANSWER✔✔-Others
Licencees |should |make |known |their |status |as |licencees |to |members |of |the |- |CORRECT |
ANSWER✔✔-Public
This |Disclosure |should |be |made |prior |to |entering |into |- |CORRECT |ANSWER✔✔-Serious |
negotiations
A |form |of |Money, |personal |property, |real |property, |or |anything |of |value |that |is |capable |of |
being |converted |into |cash. |- |CORRECT |ANSWER✔✔-Deposit
Typically |the |deposit |is |intended |as |partial |payment |of |the |purchase |price |at? |- |CORRECT |
ANSWER✔✔-Closing
Are |considered |to |be |promissory |notes |and |can |be |accepted |as |earnest |money |with |the |
seller's |approval. |- |CORRECT |ANSWER✔✔-Post |dated |checks
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) |- |CORRECT |ANSWER✔✔-True
Correct Answers
When |a |dev. |Acquired |land, |records |a |plat |map |and |uses |a |model |center |from |which |sales |
may |be |made |- |CORRECT |ANSWER✔✔-Tract |building
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 |- |CORRECT |ANSWER✔✔-Local |level
A |licensed |broker |working |for |another |broker |- |CORRECT |ANSWER✔✔-Broker |associate
A |florida |real |estate |license |applicant |must |be |a |resident |and |citizen |(true |or |false) |- |CORRECT |
ANSWER✔✔-False
You |have |21 |days |to |send |a |formal |letter |to |the |department |for |a |hearing |if: |- |CORRECT |
ANSWER✔✔-Application |Denial
How |mang |brokers |can |a |sales |or |broker |associate |work |for |- |CORRECT |ANSWER✔✔-One
No |grace |period |- |CORRECT |ANSWER✔✔-Post |license |requirements
No |grace |period |- |CORRECT |ANSWER✔✔-Sales |associate |first |renewal
Attorney |in |fact/ |Attorney |at |Law |- |CORRECT |ANSWER✔✔-Exempt |from |licensure
,My |perform |legal |services |on |behalf |ofntheir |clients; |they |may |prepare |documents, |handle |
closings, |and |give |legal |advice. |- |CORRECT |ANSWER✔✔-Attorneys |at |law
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 |- |CORRECT |ANSWER✔✔-Involuntary |inactive
A |license |may |remain |in |involuntary |inactive |status |for |no |longer |than |- |CORRECT |
ANSWER✔✔-2 |years
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 |- |CORRECT |ANSWER✔✔-Special |Agent
A |broker |has |a |buty |to |transmit |any |and |all |offers |to |the |employer |including |oral |offers |or |
offers |made |without |a |binder |deposit |- |CORRECT |ANSWER✔✔-Presenting |offers
A |transaction |broker |provides |what |kind |of |representation |- |CORRECT |ANSWER✔✔-Limited
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. |- |CORRECT |
ANSWER✔✔-Single |agent
In |a |single |agency |relationship, |the |employer |becomes |the |- |CORRECT |ANSWER✔✔-Principal
Non |Representation |or |(No |Brokerage |Relationship |can |also |be |called) |- |CORRECT |
ANSWER✔✔-For |sale |By |owner
For |sale |by |owner |can |also |be |called |- |CORRECT |ANSWER✔✔-FSBO
, 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 |- |CORRECT |ANSWER✔✔-Stationary |Construction
Licencees |should |make |clear |that |they |are |dealing |on |their |own |account |and |not |acting |on |the
|behalf |of |- |CORRECT |ANSWER✔✔-Others
Licencees |should |make |known |their |status |as |licencees |to |members |of |the |- |CORRECT |
ANSWER✔✔-Public
This |Disclosure |should |be |made |prior |to |entering |into |- |CORRECT |ANSWER✔✔-Serious |
negotiations
A |form |of |Money, |personal |property, |real |property, |or |anything |of |value |that |is |capable |of |
being |converted |into |cash. |- |CORRECT |ANSWER✔✔-Deposit
Typically |the |deposit |is |intended |as |partial |payment |of |the |purchase |price |at? |- |CORRECT |
ANSWER✔✔-Closing
Are |considered |to |be |promissory |notes |and |can |be |accepted |as |earnest |money |with |the |
seller's |approval. |- |CORRECT |ANSWER✔✔-Post |dated |checks
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) |- |CORRECT |ANSWER✔✔-True
