Real Estate Gold Coast Chapter 1-5
Complete Questions with 100% correct
Answers
Licensees have to be experts in all the following?
Marketing, Valuation, Property Transfer
What is farming?
When licensees concentrate on ONE type, style of property or particular neighborhood
In a business brokerage, what is the "going concern value" ?
(COMBINED ASSETS OF A BUSINESS) value of the business, which includes income, intangible vs
tangible, goodwill and value of real property
In Construction & Development, tract building is?
involves use of model homes
Local government bodies can impose
mora*torium
To obtain a license, you do not have to be?
Florida resident or Citizen of the US
Where do all convictions have to appear?
On the application
What happens after a state application denial
if they deny your application, they have to inform you of your right to a formal hearing
Qualifications for Broker
Be active 2 years under one or more active licensed broker within 5 year period, &
How many hours is the FREC II education course to be a Broker?
72
Broker Associate
, Sales Ass. with broker qualifications, working for a Broker
Employment by a Broker
CANNOT receive compensation from others & can only work with ONE broker at a time
What can a broker do that a Sales Ass cant do?
NOTHING Except, Broker can work independently, while a Sales Ass MUST work under a Broker
How does employment by an owner-developer works?
The owner-developer has to register with the department as a sales ass's owner. DOES NOT need real
estate license
What are three types of employment for sales ass?
By Broker, Owner-developer, and Government Agency
What are the two dates to do your first renewal?
March 31
Sept. 30
If you get your license June 2019, when is your first renewal?
Considering its your first renewal, you will renew it March 31, not June 2021
The second renewal consists of how many hours of CE?
14
The first renewal consists of how many hours of post license?
45
Is the CE requirement of 7 hours a year correct?
Yes
Attorney-in-fact
the person under the power of attorney to sign documentaries
Cemetery lot salesperson
Complete Questions with 100% correct
Answers
Licensees have to be experts in all the following?
Marketing, Valuation, Property Transfer
What is farming?
When licensees concentrate on ONE type, style of property or particular neighborhood
In a business brokerage, what is the "going concern value" ?
(COMBINED ASSETS OF A BUSINESS) value of the business, which includes income, intangible vs
tangible, goodwill and value of real property
In Construction & Development, tract building is?
involves use of model homes
Local government bodies can impose
mora*torium
To obtain a license, you do not have to be?
Florida resident or Citizen of the US
Where do all convictions have to appear?
On the application
What happens after a state application denial
if they deny your application, they have to inform you of your right to a formal hearing
Qualifications for Broker
Be active 2 years under one or more active licensed broker within 5 year period, &
How many hours is the FREC II education course to be a Broker?
72
Broker Associate
, Sales Ass. with broker qualifications, working for a Broker
Employment by a Broker
CANNOT receive compensation from others & can only work with ONE broker at a time
What can a broker do that a Sales Ass cant do?
NOTHING Except, Broker can work independently, while a Sales Ass MUST work under a Broker
How does employment by an owner-developer works?
The owner-developer has to register with the department as a sales ass's owner. DOES NOT need real
estate license
What are three types of employment for sales ass?
By Broker, Owner-developer, and Government Agency
What are the two dates to do your first renewal?
March 31
Sept. 30
If you get your license June 2019, when is your first renewal?
Considering its your first renewal, you will renew it March 31, not June 2021
The second renewal consists of how many hours of CE?
14
The first renewal consists of how many hours of post license?
45
Is the CE requirement of 7 hours a year correct?
Yes
Attorney-in-fact
the person under the power of attorney to sign documentaries
Cemetery lot salesperson
