GOLD COAST REAL ESTATE - ACTUAL EXAM
COMPLETE QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED ANSWERS)
|ALREADY GRADED A+||BRAND NEW!!
Farming or Target market - Many licensees will concentrate on one type of
style of property or one particular neighborhood
Property Transfer - Successful transfer of ownership or rights
CMA - Comparative Market Analysis
MLS - Multiple Listing Service
Specialization within the real estate profession - Specific type of real
estate, services professionals provide to the general public
Financing - Borrowed money
Mortgage lender - Lend money to fund loans that are secured by interest
Mortgage Loan Originator - Are individuals or businesses that arrange loans
between lenders and borrowers, they do not make loans and must have separate
license
,Property insurance - May be mandatory in some cases, separate license
required to sell.
Tract building - When a developed acquired a large tract of land, records
subdivision plat map, and uses model center from which sales may be made
Local level - Planning, 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
Broker associate - An applicant for a broker license may choose to continue
employment in a sales associate capacity with a current employer subsequent to
passing the state broker examination
Applicant for a FL real estate license - Not required to be a resident of the
U.S 94 to be a citizen
Application in denial - If an application to take the state exam is denied by
the Department, the applicant will be notified in writing. The notification will
identify the reasons for denial and advise the applicant that he or she has 21 days
from the date of receipt to request a formal hearing before an administrative law
judge in accordance with F.S. 120, The Administrative Procedure Act
State exam - The state exam is 100 multiple choice, 45 regarding license
laws, 45 regarding principles and practices, 10 math.
Employment by broker - Can only work for one at a time
,Sales associate first renewal - - 45 hour post license course
If fails to complete will become void
CE - continuing education, must complete 14 hours and pay renewal fee. If
not mes within deadline, will be involuntarily inactive.
Attorneys in fact - persons who are granted authority under a power of
attorney to act for others in some capacity, such as signing a document.
Salaried employees - Of an owner, or of a registered broker for an owner,
of an apartment community who work in an onsite rental office of the apartment
community in a leasing capacity
Powers of the Department - The Department may seek an injunction from
a court against a licensee for failure to follow a Department order. The
Department does not have the authority to issue injunctions against unlicensed
persons, but may seek an injunction from the courts for failure to follow a
Department order.
Third degree felony - Examination theft or reproduction
executive power - Include the publication of books and newsletters to keep
licensees and the public informed, can be exercised by chairperson acting alone
or can be delegated by quorum vote to another commission member
, Quasi legislative powers - Give the Commission the power to MAKE AND
PASS rules that regulate the operation of licensees and the real estate profession.
quasi-judicial powers - Allows the Commission to impose disciplinary action
for violations of the laws or rules.
Commission authority - may deny an application or discipline licensees for
violation of any rule, can be fined up to $5,000 per offense, probation, or
suspended up to 10 years.
If a broker's license is suspended or revoked - the licensees who are
employed under broker become automatically inactive
Cancelled license - When a licensee decides to no longer practice real
estate. They can return it to the Department.
Group license - A group license is a real estate license that can be obtained
if the sales associate or broker associate works for one owner developer with
multiple entities
Multiple licenses - A broker can be issued additional licenses in two or
more capacities by requesting multiple licenses.
Administrative law - Statues can authorize the creation and operation of
administrative agencies to administer and enforce certain laws. DBPR and FREC
are examples of administrative agencies empowered by statues
COMPLETE QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED ANSWERS)
|ALREADY GRADED A+||BRAND NEW!!
Farming or Target market - Many licensees will concentrate on one type of
style of property or one particular neighborhood
Property Transfer - Successful transfer of ownership or rights
CMA - Comparative Market Analysis
MLS - Multiple Listing Service
Specialization within the real estate profession - Specific type of real
estate, services professionals provide to the general public
Financing - Borrowed money
Mortgage lender - Lend money to fund loans that are secured by interest
Mortgage Loan Originator - Are individuals or businesses that arrange loans
between lenders and borrowers, they do not make loans and must have separate
license
,Property insurance - May be mandatory in some cases, separate license
required to sell.
Tract building - When a developed acquired a large tract of land, records
subdivision plat map, and uses model center from which sales may be made
Local level - Planning, 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
Broker associate - An applicant for a broker license may choose to continue
employment in a sales associate capacity with a current employer subsequent to
passing the state broker examination
Applicant for a FL real estate license - Not required to be a resident of the
U.S 94 to be a citizen
Application in denial - If an application to take the state exam is denied by
the Department, the applicant will be notified in writing. The notification will
identify the reasons for denial and advise the applicant that he or she has 21 days
from the date of receipt to request a formal hearing before an administrative law
judge in accordance with F.S. 120, The Administrative Procedure Act
State exam - The state exam is 100 multiple choice, 45 regarding license
laws, 45 regarding principles and practices, 10 math.
Employment by broker - Can only work for one at a time
,Sales associate first renewal - - 45 hour post license course
If fails to complete will become void
CE - continuing education, must complete 14 hours and pay renewal fee. If
not mes within deadline, will be involuntarily inactive.
Attorneys in fact - persons who are granted authority under a power of
attorney to act for others in some capacity, such as signing a document.
Salaried employees - Of an owner, or of a registered broker for an owner,
of an apartment community who work in an onsite rental office of the apartment
community in a leasing capacity
Powers of the Department - The Department may seek an injunction from
a court against a licensee for failure to follow a Department order. The
Department does not have the authority to issue injunctions against unlicensed
persons, but may seek an injunction from the courts for failure to follow a
Department order.
Third degree felony - Examination theft or reproduction
executive power - Include the publication of books and newsletters to keep
licensees and the public informed, can be exercised by chairperson acting alone
or can be delegated by quorum vote to another commission member
, Quasi legislative powers - Give the Commission the power to MAKE AND
PASS rules that regulate the operation of licensees and the real estate profession.
quasi-judicial powers - Allows the Commission to impose disciplinary action
for violations of the laws or rules.
Commission authority - may deny an application or discipline licensees for
violation of any rule, can be fined up to $5,000 per offense, probation, or
suspended up to 10 years.
If a broker's license is suspended or revoked - the licensees who are
employed under broker become automatically inactive
Cancelled license - When a licensee decides to no longer practice real
estate. They can return it to the Department.
Group license - A group license is a real estate license that can be obtained
if the sales associate or broker associate works for one owner developer with
multiple entities
Multiple licenses - A broker can be issued additional licenses in two or
more capacities by requesting multiple licenses.
Administrative law - Statues can authorize the creation and operation of
administrative agencies to administer and enforce certain laws. DBPR and FREC
are examples of administrative agencies empowered by statues
