Gold Coast Real Estate Final Exam QUESTIONS AND ANSWERS 2023|2024 RATED A+

Real Estate Brokerage (Ch. 1) - Answer- A business in which real estate-related activities are performed under the authority of a licensed real estate broker Farming (Ch. 1) - Answer- concentrating on one type or style of property in one particular area of neighborhood Property Transfer, Valuation & Marketing (Ch. 1) - Answer- areas of expert knowledge that are required for all real estate licensees Residential Transaction (Ch. 1) - Answer- F.S 475 The sale of any improved residential property of 4 units or fewer. Unimproved property intended for 4 units or fewer. Agricultural properties 10 acres or less Tract Building (Ch. 1) - Answer- when a developer acquires a large tract of land, records a subdivision plat map, and uses a model center from which sales may be made Local Level of Government (Ch. 1) - Answer- control planning and zoning, property taxation, building and health code regulations also impose a moratorium or temporary delay for a building project building permits would be held until the situations are corrected Florida Real Estate License Law F.S 475 (Ch. 2) - Answer- the purpose is to protect the public Commission (Ch. 2) - Answer- Florida Real Estate Commission (FREC) Department (Ch. 2) - Answer- Department of Business and Professional Regulation (DBPR) Licensee (Ch. 2) - Answer- any person that has a permit, registration, certificate, or license that's issued by the Department Sales Associate (Ch. 2) - Answer- a person who performs real estate activities while employed by a licensed real estate broker