Real estate sale associate pre license course exam prep (GOLD COAST HIGHLIGHTS) Questions and Answers 100% Correct

Real estate sale associate pre license course exam prep (GOLD COAST HIGHLIGHTS) Questions and Answers 100% Correct Farming - Correct Answer ️️ -licensee concentrate on one type or style of property or on one particular neighborhood Farm area or target market - Correct Answer ️️ -Finding and specializing in a particular neighborhood or type of property. Considered to be one of the best ways to succeed in the real estate business Tract building - Correct 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 - Correct Answer ️️ -Government Regulation: At the local level, planning and 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 Purpose of the law - Correct Answer ️️ -F.S. 475 to protect the public Commission or FREC - Correct Answer ️️ -Refers to the Florida real estate commission Department or DBPR - Correct Answer ️️ -Refers to the department of business and professional regulation Division or DRE - Correct Answer ️️ -Refers to the division of real estate License - Correct Answer ️️ -Means any permit, registration, certificate, or license issued by the department Licensee - Correct Answer ️️ -Refers to any person to whom a permit, registration, certificate or license is issued by the department A BAR SALE - Correct Answer ️️ -The most common services of real estate: Appraising Buying Auctioning Renting Selling Advertising Leasing Exchanging Sales associate - Correct Answer ️️ -Must be employed by a real estate broker or owner developer to practice real estate *must complete all pre license requirements to obtain their initial license as a sales associate Broker - Correct Answer ️️ -A person who performs services of real estate as an agent for another and receives compensation for those services either directly or indirectly A Sales Associate transitioning to a Broker - Correct Answer ️️ -Must have been employed under one or more actively licensed brokers for at least 24 months writhing the last 5 yrs before becoming eligible to take the state broker examination Additional applicants who qualify to apply for a brokers license [F.A.C.61J2-2.027(1)(b)] - Correct Answer ️️ -Actively licensed real estate sales associates from another STATE OR NATION who have been Licensed for at least 24 months during the preceding 5 yrs Broker Associate - Correct Answer ️️ -Someone who is qualified to receive a broker license but chooses instead to be employed under the direction, control and management of an actively licensed broker or owner developer. In this capacity the broker acts as a sales associate NOT as a broker Florida real estate license requirements - Correct Answer ️️ -An applicant for a Florida real estate license requirements is NOT required to be a resident of the state of Florida, or to be a citizen of the United States Florida Mutual recognition - Correct Answer ️️ -Florida has entered into "Contractual agreements" with 7 states that recognize the similarity in the content of their mutual education and experience requirements for real estate licensing. Alabama Arkansas Connecticut Georgia Mississippi Illinois Nebraska Form #1 DBPR RE 1 "Have you ever been convicted or found guilty of, or entered a plea of Nolo contendere (no contest) or guilty to, regardless of adjudication, a crime in any jurisdiction, or are you currently under criminal investigation?" The question further defines which offenses are covered - Correct Answer ️️ -For practical purposes, this question requires the disclosure of any criminal convictions, including felony or misdemeanor convictions or pleas ( other than minor traffic offenses). DUI is not a minor traffic offense and must be disclosed Application Denial - Correct Answer ️️ -If an application to take state exam is denied, the applicant will be notified in writing.