GOLD COAST REAL ESTATE SCHOOL
EXAM QUESTIONS AND DETAILED
ANSWERS. EXPERT VERIFIED FOR
GUARANTEED PASS.
Farming - ANS A practice where a licensee consintrates on one type or style of property or
one particular neighborhood
Listing Contract - ANS When a broker is employed to find a purchaser, he or she is entitled to
compensation when a ready, willing, and able buyer has met all of the seller's requirements.
This is accomplished when the buyer makes an offer in accordance with the terms of the listing
agreement, whether or not a sale is consummated.
Federal Real Estate Settlement Procedures Act (RESPA) - ANS Allows brokers to pay referral
fees between real estate agents and brokers without disclosure. Page 62-20-31
Principal Office Requirements - ANS Must consist of at least one enclosed room in a building
of stationary construction where negotiations and the closing of real estate transactions can be
conducted with privacy.
Branch Office Requirements - ANS Page 72-20-22, 25-27
Advertising - ANS Must be in the name and under the supervision of the broker. Page 73-3-7
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED
,Summary of Brokerage Relationship Duties (Residential Sales) - ANS Duty
No Representation
Transaction Broker
Single Agent
Duty
Account for all funds - ANS No Representation
Transaction Broker
Single Agent
Duty
Deal honestly & fairly - ANS No Representation
Transaction Broker
Single Agent
Duty
Disclose all known facts that affect the value of residential property - ANS No Representation
Transaction Broker
Single Agent
Duty
Skill, care, and diligence - ANS Transaction Broker
Single Agent
Duty
Present all offers and counteroffers - ANS Transaction Broker
Single Agent
2 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED
, Duty
Limited confidentiality - ANS Transaction Broker
Duty
Additional agreed duties - ANS Transaction Broker
Duty
Confidentiality - ANS Single Agent
Duty
Obedience - ANS Single Agent
Duty
Loyalty - ANS Single Agent
Duty
Full disclosure - ANS Single Agent
Answering Background Questions - ANS Requires the disclosure of ANY criminal convictions,
including felony or misdemeanor convictions or pleas (other than minor traffic offenses),
regardless of adjudication.
Application Denial - ANS 1. Applicant will be notified in writing.
2. Notification will identify the reasons for the denial
3. Advise the applicant that he or she has 21 days from the date of receipt to request a formal
hearing before an administrative law judge
Temporary License for military spouses - ANS Spouses of active duty service member to a
duty station in Florida can practice their current profession for up to six months under a
temporary, non-renewable license.
3 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED
EXAM QUESTIONS AND DETAILED
ANSWERS. EXPERT VERIFIED FOR
GUARANTEED PASS.
Farming - ANS A practice where a licensee consintrates on one type or style of property or
one particular neighborhood
Listing Contract - ANS When a broker is employed to find a purchaser, he or she is entitled to
compensation when a ready, willing, and able buyer has met all of the seller's requirements.
This is accomplished when the buyer makes an offer in accordance with the terms of the listing
agreement, whether or not a sale is consummated.
Federal Real Estate Settlement Procedures Act (RESPA) - ANS Allows brokers to pay referral
fees between real estate agents and brokers without disclosure. Page 62-20-31
Principal Office Requirements - ANS Must consist of at least one enclosed room in a building
of stationary construction where negotiations and the closing of real estate transactions can be
conducted with privacy.
Branch Office Requirements - ANS Page 72-20-22, 25-27
Advertising - ANS Must be in the name and under the supervision of the broker. Page 73-3-7
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED
,Summary of Brokerage Relationship Duties (Residential Sales) - ANS Duty
No Representation
Transaction Broker
Single Agent
Duty
Account for all funds - ANS No Representation
Transaction Broker
Single Agent
Duty
Deal honestly & fairly - ANS No Representation
Transaction Broker
Single Agent
Duty
Disclose all known facts that affect the value of residential property - ANS No Representation
Transaction Broker
Single Agent
Duty
Skill, care, and diligence - ANS Transaction Broker
Single Agent
Duty
Present all offers and counteroffers - ANS Transaction Broker
Single Agent
2 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED
, Duty
Limited confidentiality - ANS Transaction Broker
Duty
Additional agreed duties - ANS Transaction Broker
Duty
Confidentiality - ANS Single Agent
Duty
Obedience - ANS Single Agent
Duty
Loyalty - ANS Single Agent
Duty
Full disclosure - ANS Single Agent
Answering Background Questions - ANS Requires the disclosure of ANY criminal convictions,
including felony or misdemeanor convictions or pleas (other than minor traffic offenses),
regardless of adjudication.
Application Denial - ANS 1. Applicant will be notified in writing.
2. Notification will identify the reasons for the denial
3. Advise the applicant that he or she has 21 days from the date of receipt to request a formal
hearing before an administrative law judge
Temporary License for military spouses - ANS Spouses of active duty service member to a
duty station in Florida can practice their current profession for up to six months under a
temporary, non-renewable license.
3 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED
