GOLD COAST REAL ESTATE REAL
EXAM 100 QUESTIONS AND ANSWERS
2023-2024 UPDATE |A GRADED|NEW!!
problems, mathematics exams test students’ conceptual understanding of core topics, such as algebra, geometry, calculus, or statistics.3.4. Preparing for Mathematics
ExamsMathematics requires consistent practice
GOLD COAST REAL ESTATE REAL
EXAM 100 QUESTIONS AND ANSWERS
2023-2024 UPDATE |A GRADED|NEW!!
A developer contracts to build a home according to the buyer's specifications. This is an
example of which type of building? - ANSWER- Custom
The federal, state, and local governments all play a role in the regulation of real estate.
In which of the following areas would the local government have the most impact? -
ANSWER- Property Taxes, Building Moratoriums, and zoning
Real estate licensees are expected to be knowledgeable in all of the following,
EXCEPT: - ANSWER- Accounting
A sales associate failed to complete the required post-license education prior to
renewal. What is the status of the license? - ANSWER- Void
How may a licensed sales associate be paid by their owner-developer? - ANSWER- On
a commission or salary basis
What are the minimum employment requirements for a licensed sales associate to
qualify for a real estate brokers license? - ANSWER- Employed for 24 months under
one or more actively licensed broker
All of the following services require a real estate license, EXCEPT: - ANSWER-
Mortgaging
What must an applicant for a real estate license do if the have been convicted of a
crime? - ANSWER- The applicant must disclose all convictions on the application
Which condition must exists for an applicant to qualify for a Florida real estate license? -
, ANSWER- The applicant must have a high school education or equivalent
Which of the following statements best describes an attorney-in-fact? - ANSWER- An
attorney in fact is authorized by a power of attorney to act for another.
What is a brokers associate? - ANSWER- A broker who is employed as a sales
associateproblems, mathematics exams test students’ conceptual understanding of core topics, such as algebra, geometry, calculus, or statistics.3.4.
Preparing for Mathematics ExamsMathematics requires consistent practice
The Department of business and Professional Regulation has the authority to issue all
of the following, EXCEPT: - ANSWER- An injunction
Which of the following entities issues real estate licenses? - ANSWER- The Department
of Business and Professional Regulation
After being active in the real estate business for over five years, a licensee's license
expired on September 30th. What is the status of the license on October 1st? -
ANSWER- Involuntary Inactive
What action may the Department take if it determines that an unlicensed person has
operated in violation of a law or rule under its administration? - ANSWER- An
administrative fine of up to $5,000 may be imposed
A sales associate is employed by a broker Monday through Friday and for a builder on
the weekends. The sales associate feels the added experience is beneficial especially
since both employers pay an attractive commission split. Which statement is correct? -
ANSWER- This arrangement violates the license law
The DBPR is created by which statute? - ANSWER- F.S. 455
Who owes fiduciary duties in a single agency relationship? - ANSWER- The broker only
In which of the following situations does a general agency relationship exist? -
ANSWER- When a sales associate is employed by a broker
Broker Joan just received an oral offer to purchase a listed property. No earnest money
accompanied the oral offer. Which of the following statements is correct? - ANSWER-
Joan must present the offer.
Which of the following statements best describes a transaction broker? - ANSWER- A
transaction broker may provide limited representation to both parties.
Mary, an Ohio broker, accompanied a customer to Florida and met with broker Stan in
his office in Miami. While Stan showed the customer property and obtained a binding
contract for the purchase of a condominium, Mary took some time off and went to the
beach. When Mary returned to Stan's office, she discovered that Stan had written a
contract and demanded a share of the commission. Which statement is correct? -
ANSWER- Stan may share the commission with Mary.
When can both parties in a transaction pay a broker a commission? - ANSWER- When
EXAM 100 QUESTIONS AND ANSWERS
2023-2024 UPDATE |A GRADED|NEW!!
problems, mathematics exams test students’ conceptual understanding of core topics, such as algebra, geometry, calculus, or statistics.3.4. Preparing for Mathematics
ExamsMathematics requires consistent practice
GOLD COAST REAL ESTATE REAL
EXAM 100 QUESTIONS AND ANSWERS
2023-2024 UPDATE |A GRADED|NEW!!
A developer contracts to build a home according to the buyer's specifications. This is an
example of which type of building? - ANSWER- Custom
The federal, state, and local governments all play a role in the regulation of real estate.
In which of the following areas would the local government have the most impact? -
ANSWER- Property Taxes, Building Moratoriums, and zoning
Real estate licensees are expected to be knowledgeable in all of the following,
EXCEPT: - ANSWER- Accounting
A sales associate failed to complete the required post-license education prior to
renewal. What is the status of the license? - ANSWER- Void
How may a licensed sales associate be paid by their owner-developer? - ANSWER- On
a commission or salary basis
What are the minimum employment requirements for a licensed sales associate to
qualify for a real estate brokers license? - ANSWER- Employed for 24 months under
one or more actively licensed broker
All of the following services require a real estate license, EXCEPT: - ANSWER-
Mortgaging
What must an applicant for a real estate license do if the have been convicted of a
crime? - ANSWER- The applicant must disclose all convictions on the application
Which condition must exists for an applicant to qualify for a Florida real estate license? -
, ANSWER- The applicant must have a high school education or equivalent
Which of the following statements best describes an attorney-in-fact? - ANSWER- An
attorney in fact is authorized by a power of attorney to act for another.
What is a brokers associate? - ANSWER- A broker who is employed as a sales
associateproblems, mathematics exams test students’ conceptual understanding of core topics, such as algebra, geometry, calculus, or statistics.3.4.
Preparing for Mathematics ExamsMathematics requires consistent practice
The Department of business and Professional Regulation has the authority to issue all
of the following, EXCEPT: - ANSWER- An injunction
Which of the following entities issues real estate licenses? - ANSWER- The Department
of Business and Professional Regulation
After being active in the real estate business for over five years, a licensee's license
expired on September 30th. What is the status of the license on October 1st? -
ANSWER- Involuntary Inactive
What action may the Department take if it determines that an unlicensed person has
operated in violation of a law or rule under its administration? - ANSWER- An
administrative fine of up to $5,000 may be imposed
A sales associate is employed by a broker Monday through Friday and for a builder on
the weekends. The sales associate feels the added experience is beneficial especially
since both employers pay an attractive commission split. Which statement is correct? -
ANSWER- This arrangement violates the license law
The DBPR is created by which statute? - ANSWER- F.S. 455
Who owes fiduciary duties in a single agency relationship? - ANSWER- The broker only
In which of the following situations does a general agency relationship exist? -
ANSWER- When a sales associate is employed by a broker
Broker Joan just received an oral offer to purchase a listed property. No earnest money
accompanied the oral offer. Which of the following statements is correct? - ANSWER-
Joan must present the offer.
Which of the following statements best describes a transaction broker? - ANSWER- A
transaction broker may provide limited representation to both parties.
Mary, an Ohio broker, accompanied a customer to Florida and met with broker Stan in
his office in Miami. While Stan showed the customer property and obtained a binding
contract for the purchase of a condominium, Mary took some time off and went to the
beach. When Mary returned to Stan's office, she discovered that Stan had written a
contract and demanded a share of the commission. Which statement is correct? -
ANSWER- Stan may share the commission with Mary.
When can both parties in a transaction pay a broker a commission? - ANSWER- When
