GOLD COAST 45 HOUR POST LICENSING
EXAM STUDY GUIDE 2026 QUESTIONS WITH
COMPLETE SOLUTIONS
◉ A residential transaction os defined in F.S. 475 as the sale of any:
Answer: - Duplex
- improved residential property of four units or fewer, including
condominium units
-unimproved property intended for four units or fewer
- agricultural properties of ten acres or less
- leases with options to purchase all or a portion of improved
property of four or fewer residential units
- dispositions of business interests for property of four or fewer
residential units
◉ absentee owners Answer: owners who buy income property as
investments and depend on professionals to manage them
◉ All appraisals, whether performed by a licensed appraiser or a
real estate licensee, must be developed and reported in conformity
with the Answer: Uniform Standards of Professional Appraisal
Practice (USPAP)
,◉ The largest and most prestigious real estate organization in the
world is ________. They work for legislation enforce professional
standards of conduct through its ________. Answer: 1. The National
Association of Realtors (NAR)
2. Code of Ethics
◉ The largest trade association in the state is _________ Answer: The
Florida Association of Realtors (FAR)
◉ The duties required by the Code of Ethics are: Answer: 1. Duties to
clients and customers
2. Duties to the public in general
3. Duties to other real estate licensees
◉ Required Skills for the Real estate professional are: Answer: 1.
Valuation - Must be able to discern important differences between
properties and know ho to translate those differences into value.
Must be able to conduct a CMA.
2. Marketing - must have an understanding of the tools and
technologies available to market a property.
3. Property Transfer - understand how to close a transaction
◉ Mission Statement Answer: description of a desired outcome that
excites, motivates, and helps you to create a mental picture of your
business goal.
, ◉ Industrial Sales or Leasing Answer: include warehouses and
manufacturing facilities. Industrial sales and leasing generally
involve user/owners, rather than investors.
◉ The law that specifically regulates real estate licensees, schools,
and appraisers is _________ Answer: F.S. 475
◉ The Range Of Penalties for disobeying FS 475 or 455 from lowest
to highest is: Answer: Reprimand, fine, probation, suspension, and
revocation or denial.
◉ Which is the maximum penalty for disobeying laws under FS 455
or FS 475 Answer: Revocation or denial of license
◉ If the licensee does not complete the 45 hour course before the
expiration date of their first renewal, the license becomes ____
Answer: void and the licensee will be out of business. (have to start
over everything)
◉ When a sales associate changes employers, they must notify the
Commission of the change no later than ________ days after the
change by using the form provided by the commission. Answer: 10
EXAM STUDY GUIDE 2026 QUESTIONS WITH
COMPLETE SOLUTIONS
◉ A residential transaction os defined in F.S. 475 as the sale of any:
Answer: - Duplex
- improved residential property of four units or fewer, including
condominium units
-unimproved property intended for four units or fewer
- agricultural properties of ten acres or less
- leases with options to purchase all or a portion of improved
property of four or fewer residential units
- dispositions of business interests for property of four or fewer
residential units
◉ absentee owners Answer: owners who buy income property as
investments and depend on professionals to manage them
◉ All appraisals, whether performed by a licensed appraiser or a
real estate licensee, must be developed and reported in conformity
with the Answer: Uniform Standards of Professional Appraisal
Practice (USPAP)
,◉ The largest and most prestigious real estate organization in the
world is ________. They work for legislation enforce professional
standards of conduct through its ________. Answer: 1. The National
Association of Realtors (NAR)
2. Code of Ethics
◉ The largest trade association in the state is _________ Answer: The
Florida Association of Realtors (FAR)
◉ The duties required by the Code of Ethics are: Answer: 1. Duties to
clients and customers
2. Duties to the public in general
3. Duties to other real estate licensees
◉ Required Skills for the Real estate professional are: Answer: 1.
Valuation - Must be able to discern important differences between
properties and know ho to translate those differences into value.
Must be able to conduct a CMA.
2. Marketing - must have an understanding of the tools and
technologies available to market a property.
3. Property Transfer - understand how to close a transaction
◉ Mission Statement Answer: description of a desired outcome that
excites, motivates, and helps you to create a mental picture of your
business goal.
, ◉ Industrial Sales or Leasing Answer: include warehouses and
manufacturing facilities. Industrial sales and leasing generally
involve user/owners, rather than investors.
◉ The law that specifically regulates real estate licensees, schools,
and appraisers is _________ Answer: F.S. 475
◉ The Range Of Penalties for disobeying FS 475 or 455 from lowest
to highest is: Answer: Reprimand, fine, probation, suspension, and
revocation or denial.
◉ Which is the maximum penalty for disobeying laws under FS 455
or FS 475 Answer: Revocation or denial of license
◉ If the licensee does not complete the 45 hour course before the
expiration date of their first renewal, the license becomes ____
Answer: void and the licensee will be out of business. (have to start
over everything)
◉ When a sales associate changes employers, they must notify the
Commission of the change no later than ________ days after the
change by using the form provided by the commission. Answer: 10
