GOLD COAST REAL ESTATE CORE EXAMS MANUAL
QUESTIONS AND ANSWERS 2025/2026 ALL RATED A+
✔✔Subagent - ✔✔Sales associate
pg. 51-53
pg. 52-1-3
✔✔Presenting Offers - ✔✔A broker has a duty to transmit any and all offers to the
employer including oral offers or offers made without a binder deposit.
✔✔Single Agent [F.S.475.278(3)] - ✔✔A broker may represent a seller or a buyer, or a
landlord or tenant. Any attempt to represent both parties in a transaction would create
an illegal dual agency. [F.S. 475.01 (k)]
In a single agency relationship, the employer becomes the principle, who authorizes the
broker as agent to perform certain services on his or her behalf.
✔✔Principal Office Requirements - ✔✔Office must consist of at least one enclosed
room in a building of stationary construction where negotiations and the closing of real
estate transactions can be conducted with privacy.
Page 72-25-27
✔✔First Degree Misdemeanor - ✔✔Violating the requirements concerning rental lists,
information, and contracts. Punishable by a fine of up to $1,000 and/or imprisonment
not to exceed one year.
✔✔Second Degree Misdemeanors - ✔✔Dissembling false or misleading advertising.
Punishable by a criminal fine of up to $500 and/or imprisonment for up to 60 days.
✔✔Third Degree Felonies - ✔✔Acting as a broker or sales associate without being the
holder of a valid and current active license. Punishable by a criminal fine of up to $5,000
and/or imprisonment of up to 5 years.
✔✔Concealment - ✔✔Occurs when a broker fails to disclose information to a party, to
whom the broker has such a duty, and that is material to his or her decision.
✔✔Culpable negligence - ✔✔Occurs if a broker operates in a reckless, careless, and
excessively negligent manner.
✔✔Misrepresentation - ✔✔The misstatement or omission of facts.
✔✔Using lotteries - ✔✔A broker who uses lotteries or trading schemes that involves the
selling of certificates or chances to induce any person to buy real estate is guilty of
fraud.
, ✔✔The Disciplinary Process - ✔✔Step 5: Formal/Informal Hearing. Pg. 103-47
✔✔Step 7: Judicial Review (Appeal Process) - ✔✔If the licensee does not agree with
final order of the Commission, a PETITION FOR REVIEW, may be filed with the Florida
District Court Appeals within 30 days of the final order.
✔✔Florida Real Estate Recovery Fund [F.S. 475.482] - ✔✔If a licensee acted in the
capacity of a buyer or seller only, the licensee would be eligible to collect following the
same procedures as any other member of the of the public (2).
✔✔The Recovery Fund - ✔✔Is maintained by fees and fines paid by licensees.
✔✔Blockbusting - ✔✔Consists of inducing an owner to list or sell on the basis that the
neighborhood is deteriorating or becoming transitional due to an influx of minority
persons.
✔✔Steering or channeling - ✔✔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 - ✔✔Is the refusal by a lender to approve a mortgage loan based on a
property being located in a certain geographical area, the age of the property, the
income level of the residents, or the racial composition of the area.
✔✔Return of Security Deposit - ✔✔The landlord has 15 days to return the (TERM)
including accrued interest, if any, if there is no intention of making a claim for damages
against the deposit.
✔✔Real property - ✔✔Includes the physical land and improvements (real estate),
together with legal rights to own or use the property.
✔✔Riparian rights - ✔✔Are the rights of an owner whose property borders a flowing
waterway such as a river or stream.
✔✔Littoral rights - ✔✔Rights of the owners of property bordering non-flowing water,
such as an ocean, sea, or lake. These rights generally give the property owner rights
only to the shoreline or high-water mark.
✔✔Erosion - ✔✔Refers to the loss of soil that is carried away by water washing against
a riverbank
✔✔Accretion - ✔✔Is an increase in land area as moving water deposits soil in other
than its original location.
QUESTIONS AND ANSWERS 2025/2026 ALL RATED A+
✔✔Subagent - ✔✔Sales associate
pg. 51-53
pg. 52-1-3
✔✔Presenting Offers - ✔✔A broker has a duty to transmit any and all offers to the
employer including oral offers or offers made without a binder deposit.
✔✔Single Agent [F.S.475.278(3)] - ✔✔A broker may represent a seller or a buyer, or a
landlord or tenant. Any attempt to represent both parties in a transaction would create
an illegal dual agency. [F.S. 475.01 (k)]
In a single agency relationship, the employer becomes the principle, who authorizes the
broker as agent to perform certain services on his or her behalf.
✔✔Principal Office Requirements - ✔✔Office must consist of at least one enclosed
room in a building of stationary construction where negotiations and the closing of real
estate transactions can be conducted with privacy.
Page 72-25-27
✔✔First Degree Misdemeanor - ✔✔Violating the requirements concerning rental lists,
information, and contracts. Punishable by a fine of up to $1,000 and/or imprisonment
not to exceed one year.
✔✔Second Degree Misdemeanors - ✔✔Dissembling false or misleading advertising.
Punishable by a criminal fine of up to $500 and/or imprisonment for up to 60 days.
✔✔Third Degree Felonies - ✔✔Acting as a broker or sales associate without being the
holder of a valid and current active license. Punishable by a criminal fine of up to $5,000
and/or imprisonment of up to 5 years.
✔✔Concealment - ✔✔Occurs when a broker fails to disclose information to a party, to
whom the broker has such a duty, and that is material to his or her decision.
✔✔Culpable negligence - ✔✔Occurs if a broker operates in a reckless, careless, and
excessively negligent manner.
✔✔Misrepresentation - ✔✔The misstatement or omission of facts.
✔✔Using lotteries - ✔✔A broker who uses lotteries or trading schemes that involves the
selling of certificates or chances to induce any person to buy real estate is guilty of
fraud.
, ✔✔The Disciplinary Process - ✔✔Step 5: Formal/Informal Hearing. Pg. 103-47
✔✔Step 7: Judicial Review (Appeal Process) - ✔✔If the licensee does not agree with
final order of the Commission, a PETITION FOR REVIEW, may be filed with the Florida
District Court Appeals within 30 days of the final order.
✔✔Florida Real Estate Recovery Fund [F.S. 475.482] - ✔✔If a licensee acted in the
capacity of a buyer or seller only, the licensee would be eligible to collect following the
same procedures as any other member of the of the public (2).
✔✔The Recovery Fund - ✔✔Is maintained by fees and fines paid by licensees.
✔✔Blockbusting - ✔✔Consists of inducing an owner to list or sell on the basis that the
neighborhood is deteriorating or becoming transitional due to an influx of minority
persons.
✔✔Steering or channeling - ✔✔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 - ✔✔Is the refusal by a lender to approve a mortgage loan based on a
property being located in a certain geographical area, the age of the property, the
income level of the residents, or the racial composition of the area.
✔✔Return of Security Deposit - ✔✔The landlord has 15 days to return the (TERM)
including accrued interest, if any, if there is no intention of making a claim for damages
against the deposit.
✔✔Real property - ✔✔Includes the physical land and improvements (real estate),
together with legal rights to own or use the property.
✔✔Riparian rights - ✔✔Are the rights of an owner whose property borders a flowing
waterway such as a river or stream.
✔✔Littoral rights - ✔✔Rights of the owners of property bordering non-flowing water,
such as an ocean, sea, or lake. These rights generally give the property owner rights
only to the shoreline or high-water mark.
✔✔Erosion - ✔✔Refers to the loss of soil that is carried away by water washing against
a riverbank
✔✔Accretion - ✔✔Is an increase in land area as moving water deposits soil in other
than its original location.
