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GOLD COAST Real Estate Questions and Answers (100% Correct Answers) Already Graded A+

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GOLD COAST Real Estate Questions and Answers (100% Correct Answers) Already Graded A+

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GOLD COAST Real Estate Questions and
Answers (100% Correct Answers) Already
Graded A+


Farming [ Ans: ] licensee concentrate on one type or style of
property or on one particular neighborhood
Farm area or target market [ Ans: ] Finding and specializing in a
particular neighborhood or type of property. Considered to be
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one of the best ways to succeed in the real estate business
Tract building [ Ans: ] When a developer acquires a large tract
of land, records a subdivision plat map, and uses a model center
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from which sales may be made
Local level [ Ans: ] 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 [ Ans: ] F.S. 475 to protect the public
Commission or FREC [ Ans: ] Refers to the Florida real estate
commission
Department or DBPR [ Ans: ] Refers to the department of
business and professional regulation
Division or DRE [ Ans: ] Refers to the division of real estate
License [ Ans: ] Means any permit, registration, certificate, or
license issued by the department
Licensee [ Ans: ] Refers to any person to whom a permit,
registration, certificate or license is issued by the department

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A BAR SALE [ Ans: ] The most common services of real estate:


Appraising
Buying
Auctioning
Renting
Selling
Advertising
Leasing
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Exchanging
Sales associate [ Ans: ] Must be employed by a real estate
broker or owner developer to practice real estate
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*must complete all pre license requirements to obtain their initial
license as a sales associate
Broker [ Ans: ] 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 [ Ans: ] 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)] [ Ans: ] 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 [ Ans: ] 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.

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In this capacity the broker acts as a sales associate NOT as a
broker
Florida real estate license requirements [ Ans: ] 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 [ Ans: ] 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.
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Alabama
Arkansas
Connecticut
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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 [ Ans: ]
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 [ Ans: ] If an application to take state exam is
denied, the applicant will be notified in writing.

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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 [ Ans: ] 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.
They may NOT be directly compensated for real estate services by
a member of the public.
Only their employing broker or owner developer
Employment by owner developer [ Ans: ] The owner developer
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must register with the department but does not receive a real
estate license
Post licensing course [ Ans: ] All licensees, whether active or
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inactive, must satisfactorily complete a Commission prescribed
post licensing course before the first renewal expiration date,
following initial licensure.
Sales associate first renewal [ Ans: ] Sales associate must
complete a 45 hour post license course.
Failure to complete this requirement will result in licensee being
out of business and voided license
Continuing education [ Ans: ] All licensees active or inactive,
broker or sales assoc., must complete 14 hrs of commission
approved continuing education and pay a renewal fee during
each license renewal period, excluding the first renewal period of
their current license.
If CE requirements are no met within the renewal deadline, the
licensees license will be changed to INVOLUNTARY INACTIVE


CE courses may be completed by classroom or distance
learning(online)

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