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GOLD COAST SCHOOL REAL ESTATE EXAM
QUESTIONS WITH 100% CORRECT ANSWERS|
LATEST 2025/2026
The real estate market is local in nature what does that mean?
- ANSWER: Information about real estate can best be found through local
sources, which makes the real estate market local in nature
You would expect a real estate licensee to perform all of the following activities,
EXCEPT:
A. Providing expert knowledge about construction methods and materials
B. Providing expert knowledge to members of the public in the performance of
specified services of real estate
C. Following up with customers and clients after a transaction has been
completed
D. Acting as an intermediary, or agent, between two or more people in the
negotiation of the sale, purchase, or lease of real estate
- ANSWER: A. Providing expert knowledge about construction methods and
materials
A real estate licensee is expected to have expert knowledge in what three areas?
A. Valuation, marketing, and property transfer
B. Mortgages, property taxes, and homeowners' insurance policies
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C. Residential real estate, commercial real estate, and surveys
D. Area schools, local crime rates, and proximity to potential employers
- ANSWER: A. Valuation, marketing, and property transfer
What is a comparative market analysis?
A. A comparison of assessed values in the same neighborhood
B. A value estimate based on recent sales of identical properties in the same
neighborhood
C. A value estimate based in recent sales of similar properties in the same
neighborhood
D. An appraisal of the value of a property
- ANSWER: C. A value estimate based in recent sales of similar properties in the
same neighborhood
Which type of valuation must be performed in accordance with the Uniform
Standards of Professional Appraisal Practice (USPAP)
A. Appraisal in a federally-related transaction
B. Broker price opinion (BPO)
C. Comparative market analysis (CMA)
D. None of the above
- ANSWER: A. Appraisal in a federally-related transaction
Many real estate licensees engage in "farming". Which of the following best
describes what that means?
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A. They conduct open houses on weekends
B. They use marketing vehicles such as direct mailing and advertisements in
real estate magazines
C. They concentrate on the sale of agricultural properties
D. They concentrate on one type of property or in a particular neighborhood
- ANSWER: D. They concentrate on one type of property or in a particular
neighborhood
All of the following would be considered commercial property, EXCEPT
A. an office building that accommodates three tenants
B. A high-rise apartment building in the downtown area of the city
C. A shopping center that adjoins a residential neighborhood
D. A large house that has been subdivided into four apartments
- ANSWER: D. A large house that has been subdivided into four apartments
If the sale of a business involves the transfer of ownership of shares of stock, what
additional requirement is imposed?
A. The real estate licensee must be associated with a brokerage firm
B. A brokerage firm must be brought in to handle the transaction
C. The real estate licensee must have a securities license
D. The real estate licensee must have experience as a stockbroker
- ANSWER: C. The real estate licensee must have a securities license
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Which real estate professional is expected to have the greatest level of knowledge
and experience?
- ANSWER: a real estate counselor
all of the following are responsibilities of a property manager, EXCEPT
A. Handling the payment of taxes, insurance, and operating expenses for the
property
B. Evaluating the investment value of the property
C. Locating tenants, collecting rents, maintaining records, and scheduling
maintenance
D. Protecting the owner's investment and maximizing the profitability of the
investment
- ANSWER: B. Evaluating the investment value of the property
According to F.S. 475, all of the following transactions are considered residential
transactions, EXCEPT:
A. A lease on a unit in a duplex, with an option to purchase the unit
B. The sale of a 10-unit apartment building
C. The sale of an eight-acre strawberry farm
D. The sale of a lot that is zoned for a single-family home
GOLD COAST SCHOOL REAL ESTATE EXAM
QUESTIONS WITH 100% CORRECT ANSWERS|
LATEST 2025/2026
The real estate market is local in nature what does that mean?
- ANSWER: Information about real estate can best be found through local
sources, which makes the real estate market local in nature
You would expect a real estate licensee to perform all of the following activities,
EXCEPT:
A. Providing expert knowledge about construction methods and materials
B. Providing expert knowledge to members of the public in the performance of
specified services of real estate
C. Following up with customers and clients after a transaction has been
completed
D. Acting as an intermediary, or agent, between two or more people in the
negotiation of the sale, purchase, or lease of real estate
- ANSWER: A. Providing expert knowledge about construction methods and
materials
A real estate licensee is expected to have expert knowledge in what three areas?
A. Valuation, marketing, and property transfer
B. Mortgages, property taxes, and homeowners' insurance policies
,2|Page
C. Residential real estate, commercial real estate, and surveys
D. Area schools, local crime rates, and proximity to potential employers
- ANSWER: A. Valuation, marketing, and property transfer
What is a comparative market analysis?
A. A comparison of assessed values in the same neighborhood
B. A value estimate based on recent sales of identical properties in the same
neighborhood
C. A value estimate based in recent sales of similar properties in the same
neighborhood
D. An appraisal of the value of a property
- ANSWER: C. A value estimate based in recent sales of similar properties in the
same neighborhood
Which type of valuation must be performed in accordance with the Uniform
Standards of Professional Appraisal Practice (USPAP)
A. Appraisal in a federally-related transaction
B. Broker price opinion (BPO)
C. Comparative market analysis (CMA)
D. None of the above
- ANSWER: A. Appraisal in a federally-related transaction
Many real estate licensees engage in "farming". Which of the following best
describes what that means?
,3|Page
A. They conduct open houses on weekends
B. They use marketing vehicles such as direct mailing and advertisements in
real estate magazines
C. They concentrate on the sale of agricultural properties
D. They concentrate on one type of property or in a particular neighborhood
- ANSWER: D. They concentrate on one type of property or in a particular
neighborhood
All of the following would be considered commercial property, EXCEPT
A. an office building that accommodates three tenants
B. A high-rise apartment building in the downtown area of the city
C. A shopping center that adjoins a residential neighborhood
D. A large house that has been subdivided into four apartments
- ANSWER: D. A large house that has been subdivided into four apartments
If the sale of a business involves the transfer of ownership of shares of stock, what
additional requirement is imposed?
A. The real estate licensee must be associated with a brokerage firm
B. A brokerage firm must be brought in to handle the transaction
C. The real estate licensee must have a securities license
D. The real estate licensee must have experience as a stockbroker
- ANSWER: C. The real estate licensee must have a securities license
, 4|Page
Which real estate professional is expected to have the greatest level of knowledge
and experience?
- ANSWER: a real estate counselor
all of the following are responsibilities of a property manager, EXCEPT
A. Handling the payment of taxes, insurance, and operating expenses for the
property
B. Evaluating the investment value of the property
C. Locating tenants, collecting rents, maintaining records, and scheduling
maintenance
D. Protecting the owner's investment and maximizing the profitability of the
investment
- ANSWER: B. Evaluating the investment value of the property
According to F.S. 475, all of the following transactions are considered residential
transactions, EXCEPT:
A. A lease on a unit in a duplex, with an option to purchase the unit
B. The sale of a 10-unit apartment building
C. The sale of an eight-acre strawberry farm
D. The sale of a lot that is zoned for a single-family home
