GOLD COAST REAL ESTATE EXAMS EVALUATION TEST
QUESTIONS AND ANSWERS 2025/2026 ALL RATED A+
✔✔Commercial Sales or Leasing - ✔✔real estate licensees must be able to analyze the
past and future of potential income derived from the investment property. potential
commercial properties to consider are apartment buildings, office buildings, and
shopping centers. basic knowledge of tax laws that affect income earned from
commercial property as well as consequences of buying or selling investment property
is highly recommended for commercial real estate brokers
✔✔industrial sales or leasing - ✔✔industrial properties include warehouses and
manufacturing facilities. usually involves users/owners (not investors) who depend
on the real estate broker to seek to locate properties that meet the future owners
requirements. it is important to consider knowledge concerning the government
regulations of land use. environmentally, transportation, labor cost, and utility charges.
✔✔Agricultural Sales - ✔✔large tracts of land as well as significant sums of money. the
broker involved in agricultural sales must be able to analyze the profitability
of current agricultural uses and estimate the potential of the properties under such
consideration.
✔✔Business Brokerage - ✔✔focuses and specializes in the listing and sale of
businesses or business opportunities. needs to be able to estimate the value of the
business being offered for sale or purchase. it is important to be able to analyze
financial
statement and balance sheets.
✔✔going concern value - ✔✔the value of the business would include its income,
tangible and intangible assets goodwill and value of the real estate property
✔✔Securities License - ✔✔if there is a transfer of ownership of shares of stock
✔✔Property Management - ✔✔includes absentee owners, who are owners of income
property investments. the licensee has to manage the property being rented out, under
a management agreement.
✔✔responsibilities of a property manager - ✔✔managing the property include locating
tenants,
collecting rent, managing the payment of taxes, insurance and other operating
expenses,
maintaining records and scheduling maintenance. a property manager ultimately must
protect the owners investment while maximizing the profitability of the investment.
✔✔community association management (CAM) - ✔✔re property managers that are
employed and
, compensated by community associations. they are required to obtain, by Florida law, a
CAM license. license is required by the property manager when the community
association contains more than ten units or has an annual budget in excess of 100,000.
✔✔Counseling - ✔✔analyzing existing or potential projects and providing expert advice
to members of the public based on personal judgement. counseling is a highly
specialized service that requires a greater level of knowledge and experience of real
estate investment and alternative investment strategies.
✔✔Property Apprasial - ✔✔developing an opinion of value of real property, an analysis
based on research and data pertaining to the value of the specified real estate property.
fees are based on time and effort, not the value of the property.
✔✔FIRREA 1989 - ✔✔Financial Institutions Reform, Recovery, and Enforcement Act.
formed due to many banks and loan associations went through a period of instability,
holding the appraisal profession responsible for preparing faulty appraisals.
✔✔USPAP (Uniform Standards of Professional Appraisal Practice) - ✔✔title XI of
FIRREA, targets the appraisal profession and is required that appraisals utilized by
federally regulated lenders in federally related transactions be developed and reported
in conformity with the uniform standards of professional appraisal practice
✔✔federally related transaction - ✔✔is one which a loan is made by a federally
regulated lending institutions that uses real property. appraisals used in federally related
transaction must be prepared in compliance with the USPAP by appraisers licensed and
registered under part F.S.475 which is administered by the FLORIDA REAL ESTATE
BOARD (FREAB)
✔✔mortgage finacing - ✔✔professional real estate licensees must be able to
understand financial methods and
alternatives when borrowing money, as well as the sources of financial assistance
available to borrowers. professional real estate licensees must also be knowledgeable
of the practices of various lending institutions, the availability and cost of credit, and the
requirements borrowers must meet to qualify for various financing plans. mortgage
loans can be obtained through mortgage companies, commercial banks, savings and
loans credit unions, life insurance companies, trusts and individuals.
✔✔mortgage lenders - ✔✔lend money to fund loans that are secured by interests.
normally acts as correspondents
for insurance companies or investment funds. after making a loan the mortgage lenders
usually continue to service the loan by charging a servicing fee
✔✔Mortgage Loan Originator (MLO) - ✔✔individuals or businesses that arrange loans
between lenders and borrowers. they do
QUESTIONS AND ANSWERS 2025/2026 ALL RATED A+
✔✔Commercial Sales or Leasing - ✔✔real estate licensees must be able to analyze the
past and future of potential income derived from the investment property. potential
commercial properties to consider are apartment buildings, office buildings, and
shopping centers. basic knowledge of tax laws that affect income earned from
commercial property as well as consequences of buying or selling investment property
is highly recommended for commercial real estate brokers
✔✔industrial sales or leasing - ✔✔industrial properties include warehouses and
manufacturing facilities. usually involves users/owners (not investors) who depend
on the real estate broker to seek to locate properties that meet the future owners
requirements. it is important to consider knowledge concerning the government
regulations of land use. environmentally, transportation, labor cost, and utility charges.
✔✔Agricultural Sales - ✔✔large tracts of land as well as significant sums of money. the
broker involved in agricultural sales must be able to analyze the profitability
of current agricultural uses and estimate the potential of the properties under such
consideration.
✔✔Business Brokerage - ✔✔focuses and specializes in the listing and sale of
businesses or business opportunities. needs to be able to estimate the value of the
business being offered for sale or purchase. it is important to be able to analyze
financial
statement and balance sheets.
✔✔going concern value - ✔✔the value of the business would include its income,
tangible and intangible assets goodwill and value of the real estate property
✔✔Securities License - ✔✔if there is a transfer of ownership of shares of stock
✔✔Property Management - ✔✔includes absentee owners, who are owners of income
property investments. the licensee has to manage the property being rented out, under
a management agreement.
✔✔responsibilities of a property manager - ✔✔managing the property include locating
tenants,
collecting rent, managing the payment of taxes, insurance and other operating
expenses,
maintaining records and scheduling maintenance. a property manager ultimately must
protect the owners investment while maximizing the profitability of the investment.
✔✔community association management (CAM) - ✔✔re property managers that are
employed and
, compensated by community associations. they are required to obtain, by Florida law, a
CAM license. license is required by the property manager when the community
association contains more than ten units or has an annual budget in excess of 100,000.
✔✔Counseling - ✔✔analyzing existing or potential projects and providing expert advice
to members of the public based on personal judgement. counseling is a highly
specialized service that requires a greater level of knowledge and experience of real
estate investment and alternative investment strategies.
✔✔Property Apprasial - ✔✔developing an opinion of value of real property, an analysis
based on research and data pertaining to the value of the specified real estate property.
fees are based on time and effort, not the value of the property.
✔✔FIRREA 1989 - ✔✔Financial Institutions Reform, Recovery, and Enforcement Act.
formed due to many banks and loan associations went through a period of instability,
holding the appraisal profession responsible for preparing faulty appraisals.
✔✔USPAP (Uniform Standards of Professional Appraisal Practice) - ✔✔title XI of
FIRREA, targets the appraisal profession and is required that appraisals utilized by
federally regulated lenders in federally related transactions be developed and reported
in conformity with the uniform standards of professional appraisal practice
✔✔federally related transaction - ✔✔is one which a loan is made by a federally
regulated lending institutions that uses real property. appraisals used in federally related
transaction must be prepared in compliance with the USPAP by appraisers licensed and
registered under part F.S.475 which is administered by the FLORIDA REAL ESTATE
BOARD (FREAB)
✔✔mortgage finacing - ✔✔professional real estate licensees must be able to
understand financial methods and
alternatives when borrowing money, as well as the sources of financial assistance
available to borrowers. professional real estate licensees must also be knowledgeable
of the practices of various lending institutions, the availability and cost of credit, and the
requirements borrowers must meet to qualify for various financing plans. mortgage
loans can be obtained through mortgage companies, commercial banks, savings and
loans credit unions, life insurance companies, trusts and individuals.
✔✔mortgage lenders - ✔✔lend money to fund loans that are secured by interests.
normally acts as correspondents
for insurance companies or investment funds. after making a loan the mortgage lenders
usually continue to service the loan by charging a servicing fee
✔✔Mortgage Loan Originator (MLO) - ✔✔individuals or businesses that arrange loans
between lenders and borrowers. they do
