Florida Real Estate State Exam: Gold
Coast Q&A CRAM EXAM 1&2
Property management
Abesntee ownership has increased the demand for which area of brokerage
A fee based upon time and difficulty of appraisal
What is a real estate appraiser is paid
A subdivision plat map
What does the local planning agency have the authority to approve
Dedication
What is it called when a developer gives land to a governmental body?
Property management
What business is a license engaged in who markets, leases and maintains property for someone else?
Residential sales
In which service of real estate must a licensee disclosure the agency relationship and the
responsibilities of that relationship to the public
QUASI legislative
Which power authorizes the frec to pass or revise rules
Not being a resident of Florida
Would be grounds for suspension or revocation of a real estate license except
Transfer her license from the broker to owner developer
Sandy works as a sales associate for a broker and has been asked to work weekends for a developer
to sell new homes on commission. What must sandy do to work for the developers
A post licensing course
What does the license law require that a licensee complete before the first renewal of a Florida real
estate license
qualify just as anyone else
In a brokerage corp, the officers and directors can be active or inactive brokers or non licensed
registeres persons. if someone who is non licensed and registered wants to become a broker, what
must they do?
a person who rents mobile home lots
who would be exempt from the real estate licensing law?
,FREC and the license law
Which entity provides the best protection for the public during a real estate transaction
it may be held by a sales associate or broker associate
Which of the following is a characteristic of the group license
business brokers
All of the following are exempt from FS 475 EXCEPT
holds multiple licenses
Complete the sentence. A broker who holds more than one broker license
for identification purposes
General partners in a brokerage partership that are not qualified to perform the services of real estate
must be registered:
late fee and 14 hours of continuing education
Bill's license expired on Sept. 30, 2013. On Feburary 14, 2012 he wants to renew it. If it is not his first
renewal, what must bill do?
Ron and his wife are exempt from renewal
Ron and his wife each have real estate licenses before he enters the military. Ron is stationed in
Washington, DC. And his wife accompanies him there, if they makw their licenses inactive>
involuntary inactive
what is the status of a sales associates license if the sales associate works for a broker loses his
license?
Impose imprisonment as a penalty
The Florida Real Estate Commission my do all of the following except
His license is null and void
Karls license expired on sept 30 2010. on Feb 10 2014 he wants to activate it again. Which is correct?
Both the seller and investor must agree to transition to transaction broker
A real estate broker has entered into a single agency relationship with the sellers of a three bedroom,
two-bath house. One of the agents in that brokers office has found an investor wanting to hire the
brokerage firm as a single-agent. For the investor to be shown this seller's house:
Single agency notice
What must be given to a seller who is about to enter into a fiduciary relationship with a brokerage
firm?
Find a new employer
, What should sales associate do if his employing broker instructs him or her not to show properties to
people of a certain race?
Transition to transaction broker
Which form requires the signature of all parties?
Residential sales
The agency disclosure forms developed by the state must be used in which instance?
disclose known facts affecting the value of residential property
A broker owes which duty to a customer?
name of the brokerage firm
What must all advertising of listed property must contain
Deliver it to his broker immediately
Sales associate Glenn works for broker John. If Glenn receives an escrow deposit on Tuesdy what
should he do?
Mutual fund
A broker may hold escrow deposits in any of the following, except a:
The employing broker
Who do listings obtained by a sales associate belong to?
illegal under FS 475
A broker sells a rental list to a prospective tenant for $200. In a written agreement, the broker states
that the fee is nonrefundable. This is:
This would violate FS 475
A sales associate wants to use a trade or ficticious name. which statement applies?
file a written objection to the questions during the schduled questions review
Jim is a sales associate applicant but has failed the exam twice. After reviewing his most recent exam,
he feels that some of the questions he missed were really correct and marked wrong in error. What
may Jim do?
They must contain abc realty Inc
Craig is a real estate sales associare working for ABC realty, INC. Craigs decides to have refrigerator
magnets made to give out to the public. What must he inlcude on the magnets?
Florida fair lending act
If a mortg. broker informs a borrowoer that they need to refinance their loan after only 10 months,
with a higher interest rate and also some closing costs, which law would be violated?
Coast Q&A CRAM EXAM 1&2
Property management
Abesntee ownership has increased the demand for which area of brokerage
A fee based upon time and difficulty of appraisal
What is a real estate appraiser is paid
A subdivision plat map
What does the local planning agency have the authority to approve
Dedication
What is it called when a developer gives land to a governmental body?
Property management
What business is a license engaged in who markets, leases and maintains property for someone else?
Residential sales
In which service of real estate must a licensee disclosure the agency relationship and the
responsibilities of that relationship to the public
QUASI legislative
Which power authorizes the frec to pass or revise rules
Not being a resident of Florida
Would be grounds for suspension or revocation of a real estate license except
Transfer her license from the broker to owner developer
Sandy works as a sales associate for a broker and has been asked to work weekends for a developer
to sell new homes on commission. What must sandy do to work for the developers
A post licensing course
What does the license law require that a licensee complete before the first renewal of a Florida real
estate license
qualify just as anyone else
In a brokerage corp, the officers and directors can be active or inactive brokers or non licensed
registeres persons. if someone who is non licensed and registered wants to become a broker, what
must they do?
a person who rents mobile home lots
who would be exempt from the real estate licensing law?
,FREC and the license law
Which entity provides the best protection for the public during a real estate transaction
it may be held by a sales associate or broker associate
Which of the following is a characteristic of the group license
business brokers
All of the following are exempt from FS 475 EXCEPT
holds multiple licenses
Complete the sentence. A broker who holds more than one broker license
for identification purposes
General partners in a brokerage partership that are not qualified to perform the services of real estate
must be registered:
late fee and 14 hours of continuing education
Bill's license expired on Sept. 30, 2013. On Feburary 14, 2012 he wants to renew it. If it is not his first
renewal, what must bill do?
Ron and his wife are exempt from renewal
Ron and his wife each have real estate licenses before he enters the military. Ron is stationed in
Washington, DC. And his wife accompanies him there, if they makw their licenses inactive>
involuntary inactive
what is the status of a sales associates license if the sales associate works for a broker loses his
license?
Impose imprisonment as a penalty
The Florida Real Estate Commission my do all of the following except
His license is null and void
Karls license expired on sept 30 2010. on Feb 10 2014 he wants to activate it again. Which is correct?
Both the seller and investor must agree to transition to transaction broker
A real estate broker has entered into a single agency relationship with the sellers of a three bedroom,
two-bath house. One of the agents in that brokers office has found an investor wanting to hire the
brokerage firm as a single-agent. For the investor to be shown this seller's house:
Single agency notice
What must be given to a seller who is about to enter into a fiduciary relationship with a brokerage
firm?
Find a new employer
, What should sales associate do if his employing broker instructs him or her not to show properties to
people of a certain race?
Transition to transaction broker
Which form requires the signature of all parties?
Residential sales
The agency disclosure forms developed by the state must be used in which instance?
disclose known facts affecting the value of residential property
A broker owes which duty to a customer?
name of the brokerage firm
What must all advertising of listed property must contain
Deliver it to his broker immediately
Sales associate Glenn works for broker John. If Glenn receives an escrow deposit on Tuesdy what
should he do?
Mutual fund
A broker may hold escrow deposits in any of the following, except a:
The employing broker
Who do listings obtained by a sales associate belong to?
illegal under FS 475
A broker sells a rental list to a prospective tenant for $200. In a written agreement, the broker states
that the fee is nonrefundable. This is:
This would violate FS 475
A sales associate wants to use a trade or ficticious name. which statement applies?
file a written objection to the questions during the schduled questions review
Jim is a sales associate applicant but has failed the exam twice. After reviewing his most recent exam,
he feels that some of the questions he missed were really correct and marked wrong in error. What
may Jim do?
They must contain abc realty Inc
Craig is a real estate sales associare working for ABC realty, INC. Craigs decides to have refrigerator
magnets made to give out to the public. What must he inlcude on the magnets?
Florida fair lending act
If a mortg. broker informs a borrowoer that they need to refinance their loan after only 10 months,
with a higher interest rate and also some closing costs, which law would be violated?
