Gold Coast RE 1001 Cram, Practice Math
and Final Exam Q&A 2024
312.21Florida21has21established21three21authorized21brokerage21relationships.21Unless21
otherwise21established21by21agreement,21what21is21the21broker's21relationship21with21the
21public?
a. Nonrepresentation
b. Single21agency
c. Dual21agency
d. Transaction21brokerage21-21CORRECT21ANSWER-D.21Transaction21brokerage
242.21A21broker21has21been21found21guilty21of21mail21fraud21by21a21court21and21sent21to
21jail.21The21broker's21license21will:
a. Automatically21be21revoked
b. Automatically21be21suspended
c. Probably21be21revoked21because21of
21the21conviction
d. Be21renewed21while21he21is21in21jail21-21CORRECT21ANSWER-
C.21Probably21be21revoked21because21of21the21conviction
4. What21is21it21called21when21a21developer21gives21land21to21a21governmental21body?
a. Eminent21domain
b. Condemnation
c. Lis21pendens
d. Dedication21-21CORRECT21ANSWER-D.21dedication
5. What21business21is21a21licensee21engaged21in21who21markets,21leases21and21maintai
ns21property21for21someone21else?
a. Property21management
b. Business21brokerage
c. Universal21agency
d. Estoppel21-21CORRECT21ANSWER-A.21property21management
6. In21which21service21of21real21estate21must21a21licensee21disclose21the21agency21rela
tionship21and21the21responsibilities21of21that21relationship21to21the21public?
a. Residential21sales
b. Residential21leasing
c. Real21estate21appraisals
d. Real21estate21auctions21-21CORRECT21ANSWER-A.21residential21sales
,7. Which21power21authorizes21the21FREC21to21pass21or21revise21rules?
a. Ministerial21powers
b. Quasi-executive
c. Quasi-judicial
d. Quasi-legislative21-21CORRECT21ANSWER-D.21quasi-legislative
8. All21of21the21following21would21be21grounds21for21suspension21or21revocation21of21
a21real21estate21license,21EXCEPT:
a. Not21giving21the21proper21agency21disclosure
b. Falsifying21information21on21a21lice
nse21application
c. Not21being21a21resident21of21Florida
d. False21advertising21-21CORRECT21ANSWER-C.21not21being21a21resident21of21Florida
9. Sandy21works21as21a21sales21associate21for21a21broker21and21has21been21asked21t
o21work21weekends21for21a21developer21to21sell21new21homes21on21commission.21Wh
at21must21Sandy21do21to21work21for21the21developer?
a. Transfer21her21license21from21the21broker21to21the21owner-developer
b. Notify21the21broker21where21she21can21be21found21on21weekends
c. Contact21the21state21and21be21issued21a21group21license
d. Contact21the21state21and21be21issued21multiple21licenses21-21CORRECT21ANSWER-
A.21transfer21her21license21from21the21broker21to21the21owner21developer
10. What21does21the21license21law21require21that21a21licensee21complete21before21the21
first21renewal21of21a21Florida21real21estate21license?
a. A21continuing21education21course
b. A21minimum21number21of21transactions
c. A21post-licensing21course
d. A21REALTOR®21orientation21course21-21CORRECT21ANSWER-C.21post-
licensing21course
11. In21a21brokerage21corporation,21the21officers
and21directors21can21be21active21or21inactive21brokers21or21nonlicensed21registered21per
sons.21If21someone21who21is21nonlicensed21and21registered21wants21to21become21a21bro
ker,21what21must21he21or21she21do?
a. File21an21application21with21the21secretary21of21state
b. Only21take21a2140-question21law21exam
c. Qualify21for21a21broker21license21in21the
21same21way21as21anyone21else
d. Demonstrate21221years21of21experience21in21the
real21estate21business21-21CORRECT21ANSWER-
C.21Qualify21for21a21broker21license21in21the21same
,way21as21anyone21else.
12. Who21would21be21exempt21from21the21real21estate21licensing21law?
a. An21apartment21manager21in21an21o
n-
site21rental21office21renting21for21221ye
ars
b. A21condominium21manager21leasing21unit
s21for21221years21on21salary
c. A21mortgage21broker21negotiating21a21leas
e21for21121year
d. A21person21who21rents21mobile21home21lots21-21CORRECT21ANSWER-
D.21a21person21who21rents21mobile21home21lots
13. Which21entity21provides21the21best21protection21for21the21public21during21a2
1real21estate21transaction?
a. The21National21and21State21Associatio
n21of21REALTORS®
b. The21punishment21of21licensees21dea
ling21dishonestly
c. The21NAR21Code21of21Ethics
d. FREC21and21the21license21law21-21CORRECT21ANSWER-
D.21FREC21and21the21license21law
14. Which21of21the21following21is21a21characteristic21of21group21license?
a. It21allows21a21broker21to21have21branch21offices.
b. It21allows21a21sales21associate21to21w
ork21for21more21than21one21broker.
c. It21may21be21held21by21a21sales21asso
ciate21or21broker21associate.
d. It21allows21a21broker21to21qualify21for21more21than
one21brokerage21firm.21-21CORRECT21ANSWER-
C.21it21may21be21held21by21a21sales21associate21or21broker21associate
16. Complete21the21sentence.21A21broker21who21holds21more21than21one21broker21license:
a. Holds21multiple21licenses
b. Is21in21violation21of21the21license21law
c. Must21register21one21as21a21branch21license
d. Can21have21only21one21active21at21a21time21-21CORRECT21ANSWER-
A.21holds21multiple21licenses
17. Complete21the21sentence.21General21partners21in21a21brokerage21partnership21th
at21are21not21qualified21to21perform21the21services21of21real21estate21must21be21regist
ered:
a. As21inactive21sales21associates
b. As21ostensible21partners
, c. As21inactive21broker21associates
d. For21identification21purposes21-21CORRECT21ANSWER-D.21For21identification21purposes
18. Bill's21license21expired21on21September2130.21On21February2114,21of21the21followi
ng21year,21he21wants21to21renew21it.21If21it21is21not21his21first21renewal,21what21must2
1Bill21do?
a. Start21over21with21a21pre-license21course
b. Pay21a21late21fee21and21complete21two21
14-hour21continuing21education21classes
c. Pay21a21late21fee21and21complete211421h
ours21of21continuing21education
d. Pay21a21late21fee21and21complete214521hours21of
post-license21education21-21CORRECT21ANSWER-
C.21Pay21a21late21fee21and21complete211421hours21of
continuing21education.
19. Ron21and21his21wife21each21have21real21estate21licenses21before21he21enters21the21m
ilitary.21Ron21is21stationed21in21Washington,21D.C.,21and21his21wife21accompanies21him2
1there.21If21they21make21their21licenses21inactive:
a. Only21Ron21is21exempt21from21renewal21requirements21until21621months21after21he21is21dis
charged.
b. Only21Ron21is21exempt21from21renewal21requirements21until211221months21
after21he21is21discharged.
c. Ron21and21his21wife21are21exempt21from21renewal21requirements21until21621months
21after21Ron's21discharge.
d. Ron21and21his21wife21are21exempt21from21renewal21requirements21until211221months
21after21Ron's21discharge.21-21CORRECT21ANSWER-
C.21Ron21and21his21wife21are21exempt21from21renewal21requirements21until21621month
s21after21Ron's21discharge
20. What21is21the21status21of21a21sales21associate's21license21if21the21sales21associat
e21works21for21a21broker,21and21that21broker21loses21his21license?
a. Unaffected
b. Suspended
c. Revoked
d. Involuntary21inactive21-21CORRECT21ANSWER-D.21Involuntary21inactive
21. The21Florida21Real21Estate21Commission21may21do21all21of21the21following,21EXCEPT:
a. Impose21imprisonment21as21a21penalty
b. Pass21rules21to21implement21the21license21law21c.21Make21determination21of21violations
d.21Establish21licensing21fees21-21CORRECT21ANSWER-
A.21impose21imprisonment21as21a21penalty
22. Karl's21license21expired21on21September2130,212015.21On21February2110,21201921
he21wants21to21activate21it21again.21Which21is21correct?
and Final Exam Q&A 2024
312.21Florida21has21established21three21authorized21brokerage21relationships.21Unless21
otherwise21established21by21agreement,21what21is21the21broker's21relationship21with21the
21public?
a. Nonrepresentation
b. Single21agency
c. Dual21agency
d. Transaction21brokerage21-21CORRECT21ANSWER-D.21Transaction21brokerage
242.21A21broker21has21been21found21guilty21of21mail21fraud21by21a21court21and21sent21to
21jail.21The21broker's21license21will:
a. Automatically21be21revoked
b. Automatically21be21suspended
c. Probably21be21revoked21because21of
21the21conviction
d. Be21renewed21while21he21is21in21jail21-21CORRECT21ANSWER-
C.21Probably21be21revoked21because21of21the21conviction
4. What21is21it21called21when21a21developer21gives21land21to21a21governmental21body?
a. Eminent21domain
b. Condemnation
c. Lis21pendens
d. Dedication21-21CORRECT21ANSWER-D.21dedication
5. What21business21is21a21licensee21engaged21in21who21markets,21leases21and21maintai
ns21property21for21someone21else?
a. Property21management
b. Business21brokerage
c. Universal21agency
d. Estoppel21-21CORRECT21ANSWER-A.21property21management
6. In21which21service21of21real21estate21must21a21licensee21disclose21the21agency21rela
tionship21and21the21responsibilities21of21that21relationship21to21the21public?
a. Residential21sales
b. Residential21leasing
c. Real21estate21appraisals
d. Real21estate21auctions21-21CORRECT21ANSWER-A.21residential21sales
,7. Which21power21authorizes21the21FREC21to21pass21or21revise21rules?
a. Ministerial21powers
b. Quasi-executive
c. Quasi-judicial
d. Quasi-legislative21-21CORRECT21ANSWER-D.21quasi-legislative
8. All21of21the21following21would21be21grounds21for21suspension21or21revocation21of21
a21real21estate21license,21EXCEPT:
a. Not21giving21the21proper21agency21disclosure
b. Falsifying21information21on21a21lice
nse21application
c. Not21being21a21resident21of21Florida
d. False21advertising21-21CORRECT21ANSWER-C.21not21being21a21resident21of21Florida
9. Sandy21works21as21a21sales21associate21for21a21broker21and21has21been21asked21t
o21work21weekends21for21a21developer21to21sell21new21homes21on21commission.21Wh
at21must21Sandy21do21to21work21for21the21developer?
a. Transfer21her21license21from21the21broker21to21the21owner-developer
b. Notify21the21broker21where21she21can21be21found21on21weekends
c. Contact21the21state21and21be21issued21a21group21license
d. Contact21the21state21and21be21issued21multiple21licenses21-21CORRECT21ANSWER-
A.21transfer21her21license21from21the21broker21to21the21owner21developer
10. What21does21the21license21law21require21that21a21licensee21complete21before21the21
first21renewal21of21a21Florida21real21estate21license?
a. A21continuing21education21course
b. A21minimum21number21of21transactions
c. A21post-licensing21course
d. A21REALTOR®21orientation21course21-21CORRECT21ANSWER-C.21post-
licensing21course
11. In21a21brokerage21corporation,21the21officers
and21directors21can21be21active21or21inactive21brokers21or21nonlicensed21registered21per
sons.21If21someone21who21is21nonlicensed21and21registered21wants21to21become21a21bro
ker,21what21must21he21or21she21do?
a. File21an21application21with21the21secretary21of21state
b. Only21take21a2140-question21law21exam
c. Qualify21for21a21broker21license21in21the
21same21way21as21anyone21else
d. Demonstrate21221years21of21experience21in21the
real21estate21business21-21CORRECT21ANSWER-
C.21Qualify21for21a21broker21license21in21the21same
,way21as21anyone21else.
12. Who21would21be21exempt21from21the21real21estate21licensing21law?
a. An21apartment21manager21in21an21o
n-
site21rental21office21renting21for21221ye
ars
b. A21condominium21manager21leasing21unit
s21for21221years21on21salary
c. A21mortgage21broker21negotiating21a21leas
e21for21121year
d. A21person21who21rents21mobile21home21lots21-21CORRECT21ANSWER-
D.21a21person21who21rents21mobile21home21lots
13. Which21entity21provides21the21best21protection21for21the21public21during21a2
1real21estate21transaction?
a. The21National21and21State21Associatio
n21of21REALTORS®
b. The21punishment21of21licensees21dea
ling21dishonestly
c. The21NAR21Code21of21Ethics
d. FREC21and21the21license21law21-21CORRECT21ANSWER-
D.21FREC21and21the21license21law
14. Which21of21the21following21is21a21characteristic21of21group21license?
a. It21allows21a21broker21to21have21branch21offices.
b. It21allows21a21sales21associate21to21w
ork21for21more21than21one21broker.
c. It21may21be21held21by21a21sales21asso
ciate21or21broker21associate.
d. It21allows21a21broker21to21qualify21for21more21than
one21brokerage21firm.21-21CORRECT21ANSWER-
C.21it21may21be21held21by21a21sales21associate21or21broker21associate
16. Complete21the21sentence.21A21broker21who21holds21more21than21one21broker21license:
a. Holds21multiple21licenses
b. Is21in21violation21of21the21license21law
c. Must21register21one21as21a21branch21license
d. Can21have21only21one21active21at21a21time21-21CORRECT21ANSWER-
A.21holds21multiple21licenses
17. Complete21the21sentence.21General21partners21in21a21brokerage21partnership21th
at21are21not21qualified21to21perform21the21services21of21real21estate21must21be21regist
ered:
a. As21inactive21sales21associates
b. As21ostensible21partners
, c. As21inactive21broker21associates
d. For21identification21purposes21-21CORRECT21ANSWER-D.21For21identification21purposes
18. Bill's21license21expired21on21September2130.21On21February2114,21of21the21followi
ng21year,21he21wants21to21renew21it.21If21it21is21not21his21first21renewal,21what21must2
1Bill21do?
a. Start21over21with21a21pre-license21course
b. Pay21a21late21fee21and21complete21two21
14-hour21continuing21education21classes
c. Pay21a21late21fee21and21complete211421h
ours21of21continuing21education
d. Pay21a21late21fee21and21complete214521hours21of
post-license21education21-21CORRECT21ANSWER-
C.21Pay21a21late21fee21and21complete211421hours21of
continuing21education.
19. Ron21and21his21wife21each21have21real21estate21licenses21before21he21enters21the21m
ilitary.21Ron21is21stationed21in21Washington,21D.C.,21and21his21wife21accompanies21him2
1there.21If21they21make21their21licenses21inactive:
a. Only21Ron21is21exempt21from21renewal21requirements21until21621months21after21he21is21dis
charged.
b. Only21Ron21is21exempt21from21renewal21requirements21until211221months21
after21he21is21discharged.
c. Ron21and21his21wife21are21exempt21from21renewal21requirements21until21621months
21after21Ron's21discharge.
d. Ron21and21his21wife21are21exempt21from21renewal21requirements21until211221months
21after21Ron's21discharge.21-21CORRECT21ANSWER-
C.21Ron21and21his21wife21are21exempt21from21renewal21requirements21until21621month
s21after21Ron's21discharge
20. What21is21the21status21of21a21sales21associate's21license21if21the21sales21associat
e21works21for21a21broker,21and21that21broker21loses21his21license?
a. Unaffected
b. Suspended
c. Revoked
d. Involuntary21inactive21-21CORRECT21ANSWER-D.21Involuntary21inactive
21. The21Florida21Real21Estate21Commission21may21do21all21of21the21following,21EXCEPT:
a. Impose21imprisonment21as21a21penalty
b. Pass21rules21to21implement21the21license21law21c.21Make21determination21of21violations
d.21Establish21licensing21fees21-21CORRECT21ANSWER-
A.21impose21imprisonment21as21a21penalty
22. Karl's21license21expired21on21September2130,212015.21On21February2110,21201921
he21wants21to21activate21it21again.21Which21is21correct?
