Gold Coast Real Estate Final Exam
and All Correct Answers.
Tract building - Answer When a dev. Acquired land, records a plat map and uses a model
center from which sales may be made
Local level - Answer Planning, 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
Broker associate - Answer A licensed broker working for another broker
False - Answer A florida real estate license applicant must be a resident and citizen (true or
false)
Application Denial - Answer You have 21 days to send a formal letter to the department for a
hearing if:
One - Answer How mang brokers can a sales or broker associate work for
Post license requirements - Answer No grace period
Sales associate first renewal - Answer No grace period
Exempt from licensure - Answer Attorney in fact/ Attorney at Law
Attorneys at law - Answer My perform legal services on behalf ofntheir clients; they may
prepare documents, handle closings, and give legal advice.
Involuntary inactive - Answer An individual who does not request renewal of their second or
subsequent lecense, pay the required fees, or maintain their continuing education requirements
will have their license placed in
2 years - Answer A license may remain in involuntary inactive status for no longer than
Special Agent - Answer A special agent is authorized under agency law by the employer to
perform a single act. The employment contract between the employer and agent establishes
the limit of authority granted
, Presenting offers - Answer A broker has a buty to transmit any and all offers to the employer
including oral offers or offers made without a binder deposit
Limited - Answer A transaction broker provides what kind of representation
Single agent - Answer this agency relationship is created when a broker accepts employment
under a single agency agreement. A broker may represent a seller or buyer , or a landlord or
tenant.
Principal - Answer In a single agency relationship, the employer becomes the
For sale By owner - Answer Non Representation or (No Brokerage Relationship can also be
called)
FSBO - Answer For sale by owner can also be called
Stationary Construction - Answer An active broker is required to have this open which must
be registered with the department of Business and Professional Regulation where Negotiations
and the closing of real estate transactions can be conducted with privacy
Others - Answer Licencees should make clear that they are dealing on their own account and
not acting on the behalf of
Public - Answer Licencees should make known their status as licencees to members of the
Serious negotiations - Answer This Disclosure should be made prior to entering into
Deposit - Answer A form of Money, personal property, real property, or anything of value
that is capable of being converted into cash.
Closing - Answer Typically the deposit is intended as partial payment of the purchase price
at?
Post dated checks - Answer Are considered to be promissory notes and can be accepted as
earnest money with the seller's approval.
and All Correct Answers.
Tract building - Answer When a dev. Acquired land, records a plat map and uses a model
center from which sales may be made
Local level - Answer Planning, 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
Broker associate - Answer A licensed broker working for another broker
False - Answer A florida real estate license applicant must be a resident and citizen (true or
false)
Application Denial - Answer You have 21 days to send a formal letter to the department for a
hearing if:
One - Answer How mang brokers can a sales or broker associate work for
Post license requirements - Answer No grace period
Sales associate first renewal - Answer No grace period
Exempt from licensure - Answer Attorney in fact/ Attorney at Law
Attorneys at law - Answer My perform legal services on behalf ofntheir clients; they may
prepare documents, handle closings, and give legal advice.
Involuntary inactive - Answer An individual who does not request renewal of their second or
subsequent lecense, pay the required fees, or maintain their continuing education requirements
will have their license placed in
2 years - Answer A license may remain in involuntary inactive status for no longer than
Special Agent - Answer A special agent is authorized under agency law by the employer to
perform a single act. The employment contract between the employer and agent establishes
the limit of authority granted
, Presenting offers - Answer A broker has a buty to transmit any and all offers to the employer
including oral offers or offers made without a binder deposit
Limited - Answer A transaction broker provides what kind of representation
Single agent - Answer this agency relationship is created when a broker accepts employment
under a single agency agreement. A broker may represent a seller or buyer , or a landlord or
tenant.
Principal - Answer In a single agency relationship, the employer becomes the
For sale By owner - Answer Non Representation or (No Brokerage Relationship can also be
called)
FSBO - Answer For sale by owner can also be called
Stationary Construction - Answer An active broker is required to have this open which must
be registered with the department of Business and Professional Regulation where Negotiations
and the closing of real estate transactions can be conducted with privacy
Others - Answer Licencees should make clear that they are dealing on their own account and
not acting on the behalf of
Public - Answer Licencees should make known their status as licencees to members of the
Serious negotiations - Answer This Disclosure should be made prior to entering into
Deposit - Answer A form of Money, personal property, real property, or anything of value
that is capable of being converted into cash.
Closing - Answer Typically the deposit is intended as partial payment of the purchase price
at?
Post dated checks - Answer Are considered to be promissory notes and can be accepted as
earnest money with the seller's approval.
