GOLD COAST REAL ESTATE EXAM SCRIPT
2026 FULL QUESTIONS AND CORRECT
ANSWERS STUDY GUIDE
◉ What is the maximum reimbursement from the Recovery Fund?
Answer: Single judgment is limited to a maximum of $50,000 or the
unsatisfied portion of the judgement, whichever is less.
If multiple judgements are awarded against a licensee, the maximum
reimbursement from the recovery fund is limited to $150,000
◉ What is the maximum amount of money that can be paid from the
Real Estate Recovery Fund to three people who have suffered
monetary loss as the result of a fraudulent act committed by a real
estate licensee and have been awarded a single judgment?
A. $150,000
B. $50,000
C. $25,000
D. $10,000. Answer: B. $50,000
◉ Civil Rights Act of 1866. Answer: prohibited discrimination on the
basis of race. interpreted by the Supreme Court to prohibit all racial
discrimination in the sale or rental of a property
,◉ What happened in 1968 in regard to the Civil Rights Act?. Answer:
The Supreme Court in Jones v. Mayer ruled that discrimination based
on race is strictly prohibited
◉ Blockbusting. Answer: A process by which real estate agents
convince white property owners to sell their houses at low prices
because of fear that persons of color/minorities will soon move into
the neighborhood
◉ Steering or channeling. Answer: An individual, directly or
indirectly, into or away from a neighborhood or location in a multi-
unit building on the basis of race, color, religion, sex, or national
origin.
◉ Redlining. Answer: A process by which banks draw lines on a map
and refuse to lend money to purchase or improve property within a
certain geographical area
◉ Americans with Disabilities Act (ADA). Answer: Legislation
passed in 1990 that prohibits discrimination against people with
disabilities. Under this Act, discrimination against a disabled person
is illegal in employment, transportation, public accommodations,
communications and government activities.
, ◉ Stigmatized Properties. Answer: The fact that a property was
suspected to have been the site of a homicide, suicide, or death is not
a material fact that must be disclosed in a real estate transaction
◉ Security Deposits and Advance Rents (landlord handle options).
Answer: 1. Hold the total amount of the security deposit or advance
rent in a noninterest-bearing escrow account in a Florida banking
institution for the tenant's benefit
2. Hold the total escrow amount in an interest-bearing escrow
account for the tenant's benefit
3. Post a surety bond with the clerk of the circuit court in the county
in which the dwelling unit is located in the amount of the total
security holdings or $50,000, whichever is less.
◉ Return of Security Deposit. Answer: Upon the tenants vacating of
the premises, the landlord has 15 days to return the security deposit
including accrued interest, if any, if there is no intention of making a
claim for damages against the deposit.
◉ Federal Law regarding telephone solicitation. Answer: Prohibits
telephone solicitation calls before 8:00 am and after 9:00 pm.
Individuals may request to be placed on a federal no-call list.
Violators are subject to a fine of $40,000
◉ Real Estate. Answer: Surface, Subsurface, and Air RIghts
2026 FULL QUESTIONS AND CORRECT
ANSWERS STUDY GUIDE
◉ What is the maximum reimbursement from the Recovery Fund?
Answer: Single judgment is limited to a maximum of $50,000 or the
unsatisfied portion of the judgement, whichever is less.
If multiple judgements are awarded against a licensee, the maximum
reimbursement from the recovery fund is limited to $150,000
◉ What is the maximum amount of money that can be paid from the
Real Estate Recovery Fund to three people who have suffered
monetary loss as the result of a fraudulent act committed by a real
estate licensee and have been awarded a single judgment?
A. $150,000
B. $50,000
C. $25,000
D. $10,000. Answer: B. $50,000
◉ Civil Rights Act of 1866. Answer: prohibited discrimination on the
basis of race. interpreted by the Supreme Court to prohibit all racial
discrimination in the sale or rental of a property
,◉ What happened in 1968 in regard to the Civil Rights Act?. Answer:
The Supreme Court in Jones v. Mayer ruled that discrimination based
on race is strictly prohibited
◉ Blockbusting. Answer: A process by which real estate agents
convince white property owners to sell their houses at low prices
because of fear that persons of color/minorities will soon move into
the neighborhood
◉ Steering or channeling. Answer: An individual, directly or
indirectly, into or away from a neighborhood or location in a multi-
unit building on the basis of race, color, religion, sex, or national
origin.
◉ Redlining. Answer: A process by which banks draw lines on a map
and refuse to lend money to purchase or improve property within a
certain geographical area
◉ Americans with Disabilities Act (ADA). Answer: Legislation
passed in 1990 that prohibits discrimination against people with
disabilities. Under this Act, discrimination against a disabled person
is illegal in employment, transportation, public accommodations,
communications and government activities.
, ◉ Stigmatized Properties. Answer: The fact that a property was
suspected to have been the site of a homicide, suicide, or death is not
a material fact that must be disclosed in a real estate transaction
◉ Security Deposits and Advance Rents (landlord handle options).
Answer: 1. Hold the total amount of the security deposit or advance
rent in a noninterest-bearing escrow account in a Florida banking
institution for the tenant's benefit
2. Hold the total escrow amount in an interest-bearing escrow
account for the tenant's benefit
3. Post a surety bond with the clerk of the circuit court in the county
in which the dwelling unit is located in the amount of the total
security holdings or $50,000, whichever is less.
◉ Return of Security Deposit. Answer: Upon the tenants vacating of
the premises, the landlord has 15 days to return the security deposit
including accrued interest, if any, if there is no intention of making a
claim for damages against the deposit.
◉ Federal Law regarding telephone solicitation. Answer: Prohibits
telephone solicitation calls before 8:00 am and after 9:00 pm.
Individuals may request to be placed on a federal no-call list.
Violators are subject to a fine of $40,000
◉ Real Estate. Answer: Surface, Subsurface, and Air RIghts
