Gold Coast RE 1001 Cram, Practice Math
and Final Exam / Gold Coast RE 1001 Cram
Guide, Practice Math & Final Exam
312. Florida has established three authorized brokerage relationships. Unless
otherwise established by agreement, what is the broker's relationship with the
public?
a. Nonrepresentation
b. Single agency
c. Dual agency
d. Transaction brokerage - ---✔✔✔ANSWER----D. Transaction brokerage
,242. A broker has been found guilty of mail fraud by a court and sent to jail. The
broker's license will:
a. Automatically be revoked
b. Automatically be suspended
c. Probably be revoked because of the
conviction
d. Be renewed while he is in jail - ---✔✔✔ANSWER----C. Probably be
revoked because of the conviction
4. What is it called when a developer gives land to a governmental body?
a. Eminent domain
b. Condemnation
c. Lis pendens
d. Dedication - ---✔✔✔ANSWER----D. dedication
5. What business is a licensee engaged in who markets, leases and maintains
property for someone else?
a. Property management
b. Business brokerage
c. Universal agency
,d. Estoppel - ---✔✔✔ANSWER----A. property management
6. In which service of real estate must a licensee disclose the agency relationship
and the responsibilities of that relationship to the public?
a. Residential sales
b. Residential leasing
c. Real estate appraisals
d. Real estate auctions - ---✔✔✔ANSWER----A. residential sales
7. Which power authorizes the FREC to pass or revise rules?
a. Ministerial powers
b. Quasi-executive
c. Quasi-judicial
d. Quasi-legislative - ---✔✔✔ANSWER----D. quasi-legislative
8. All of the following would be grounds for suspension or revocation of a real
estate license, EXCEPT:
a. Not giving the proper agency disclosure
b. Falsifying information on a license
application
, c. Not being a resident of Florida
d. False advertising - ---✔✔✔ANSWER----C. not being a resident of Florida
9. Sandy works as a sales associate for a broker and has been asked to work
weekends for a developer to sell new homes on commission. What must Sandy do
to work for the developer?
a. Transfer her license from the broker to the owner-developer
b. Notify the broker where she can be found on weekends
c. Contact the state and be issued a group license
d. Contact the state and be issued multiple licenses - ---✔✔✔ANSWER----
A. transfer her license from the broker to the owner developer
10. What does the license law require that a licensee complete before the first
renewal of a Florida real estate license?
a. A continuing education course
b. A minimum number of transactions
c. A post-licensing course
d. A REALTOR® orientation course - ---✔✔✔ANSWER----C. post-licensing
course
11. In a brokerage corporation, the officers
and Final Exam / Gold Coast RE 1001 Cram
Guide, Practice Math & Final Exam
312. Florida has established three authorized brokerage relationships. Unless
otherwise established by agreement, what is the broker's relationship with the
public?
a. Nonrepresentation
b. Single agency
c. Dual agency
d. Transaction brokerage - ---✔✔✔ANSWER----D. Transaction brokerage
,242. A broker has been found guilty of mail fraud by a court and sent to jail. The
broker's license will:
a. Automatically be revoked
b. Automatically be suspended
c. Probably be revoked because of the
conviction
d. Be renewed while he is in jail - ---✔✔✔ANSWER----C. Probably be
revoked because of the conviction
4. What is it called when a developer gives land to a governmental body?
a. Eminent domain
b. Condemnation
c. Lis pendens
d. Dedication - ---✔✔✔ANSWER----D. dedication
5. What business is a licensee engaged in who markets, leases and maintains
property for someone else?
a. Property management
b. Business brokerage
c. Universal agency
,d. Estoppel - ---✔✔✔ANSWER----A. property management
6. In which service of real estate must a licensee disclose the agency relationship
and the responsibilities of that relationship to the public?
a. Residential sales
b. Residential leasing
c. Real estate appraisals
d. Real estate auctions - ---✔✔✔ANSWER----A. residential sales
7. Which power authorizes the FREC to pass or revise rules?
a. Ministerial powers
b. Quasi-executive
c. Quasi-judicial
d. Quasi-legislative - ---✔✔✔ANSWER----D. quasi-legislative
8. All of the following would be grounds for suspension or revocation of a real
estate license, EXCEPT:
a. Not giving the proper agency disclosure
b. Falsifying information on a license
application
, c. Not being a resident of Florida
d. False advertising - ---✔✔✔ANSWER----C. not being a resident of Florida
9. Sandy works as a sales associate for a broker and has been asked to work
weekends for a developer to sell new homes on commission. What must Sandy do
to work for the developer?
a. Transfer her license from the broker to the owner-developer
b. Notify the broker where she can be found on weekends
c. Contact the state and be issued a group license
d. Contact the state and be issued multiple licenses - ---✔✔✔ANSWER----
A. transfer her license from the broker to the owner developer
10. What does the license law require that a licensee complete before the first
renewal of a Florida real estate license?
a. A continuing education course
b. A minimum number of transactions
c. A post-licensing course
d. A REALTOR® orientation course - ---✔✔✔ANSWER----C. post-licensing
course
11. In a brokerage corporation, the officers
