GOLD COAST COMPREHENSIVE EXAM
2026 STUDY GUIDE QUESTIONS AND
ANSWERS TESTED SOLUTIONS
●● 2. 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
●● 3. 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
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
●● 4. 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
●● 5. 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
●● 6. Many real estate licensees engage in "farming". Which of the
following best describes what that means?
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
, ●● 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
Answer: B. The sale of a 10-unit apartment building
2026 STUDY GUIDE QUESTIONS AND
ANSWERS TESTED SOLUTIONS
●● 2. 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
●● 3. 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
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
●● 4. 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
●● 5. 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
●● 6. Many real estate licensees engage in "farming". Which of the
following best describes what that means?
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
, ●● 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
Answer: B. The sale of a 10-unit apartment building
