EOC test for gold coast real estate course|
Complete Questions with 100% Correct
Answers
what are the 3 areas that a licensee are required to have expert knowledge?
property transfer, valuation, marketing
when a developer acquires a large tract of land and records a subdivision play map, and uses a model
center from which sales are made is called?
tract building
focusing on one type or style of property or a particular neighborhood
farming/farm area
sales associate who wishes to apply to be a broker must have
24 months under one or more actively licensed brokers within the preceding 5 years
an applicant for a broker license may choose to continue employment in a sales associate capacity
with a current employer is called
broker associate
if a broker associate become inactive, their license status will be changed to
inactive broker license
an applicant for a florida real estate is not required to be a
resident of florida or a citizen of the U.S.
if application is denied, the applicant will be notified in writing and it will identify what?
reasons for denial and state that they have 21 days to request a formal hearing
brokers are _________ and __________ with the department
registered, licensed
an owner-developer may register with the department but does not receive a ?
license
sales associate must complete hour many hour post license course
45 hour
if failure to complete 45-hour post license course there is __ _______ ________.
no grace period
all active or inactive licensees must complete
14 hours of continued education and pay a renewal fee
,persons who are granted authority under a power of attorney to act for others in some capacity
attorneys-in-fact
a tenant of an apartment community may receive up to 50$ cash, personal property or credit toward
rent for ?
a referral of a new tenant
the department may seek an __________ from a court against a licensee for failure to follow a
department order.
injunction
administrative fines from the department may not exceed
$5000 per offense
first renewal following initial license, licensees must renew by completing the post-licensing
requirements prior to?
the expiration date of the initial license
failure to renew license for first renewal will result in
null and void license status
failure to renew a license prior to expiration will put the license into
involuntary inactive status
biennial
every two years
biannual
twice a year
if a licensee decides to no longer practice real estate, they could return the license to the department,
the license would be
cancelled
a single real estate license that can be obtained if the sales associate or broker associate works for
one owner developer with affiliated organizations which provides real estate services in different
geographic areas
group license
broker can be issued additional license in 2 or more capacities by requesting
multiple licenses
authorized under agency law by the employer to perform a single acf
, special agent
a party who has been granted authority to act on behalf of another agent
subagent
a broker who provides limited representation
transaction broker
broker must present
ALL offers
any attempt to represent both parties in a transaction as an agent would create an
illegal dual agency
buyer beware, acting in own best interesy
arms length relationship
when both buyer and seller have assets of $1 million or more
can both request single agent representation
procuring of cause
broker who first produces a purchaser
person can receive compensation for referrals if
they have a license or a part of transaction
broker is required to have a ____ on it about the entrance to the office and all branch offices
sign
all legal advertising must be in the name and under the supervision of the
broker
sales associate or broker associates name may appear in the ad in addition to the name of the
brokerage but must include
first and last name as registered with the commission
internet advertising
any advertisement that is placed online
any real estate advertisement that DOES NOT contain the registered or trade name of the broker
blind ad
Complete Questions with 100% Correct
Answers
what are the 3 areas that a licensee are required to have expert knowledge?
property transfer, valuation, marketing
when a developer acquires a large tract of land and records a subdivision play map, and uses a model
center from which sales are made is called?
tract building
focusing on one type or style of property or a particular neighborhood
farming/farm area
sales associate who wishes to apply to be a broker must have
24 months under one or more actively licensed brokers within the preceding 5 years
an applicant for a broker license may choose to continue employment in a sales associate capacity
with a current employer is called
broker associate
if a broker associate become inactive, their license status will be changed to
inactive broker license
an applicant for a florida real estate is not required to be a
resident of florida or a citizen of the U.S.
if application is denied, the applicant will be notified in writing and it will identify what?
reasons for denial and state that they have 21 days to request a formal hearing
brokers are _________ and __________ with the department
registered, licensed
an owner-developer may register with the department but does not receive a ?
license
sales associate must complete hour many hour post license course
45 hour
if failure to complete 45-hour post license course there is __ _______ ________.
no grace period
all active or inactive licensees must complete
14 hours of continued education and pay a renewal fee
,persons who are granted authority under a power of attorney to act for others in some capacity
attorneys-in-fact
a tenant of an apartment community may receive up to 50$ cash, personal property or credit toward
rent for ?
a referral of a new tenant
the department may seek an __________ from a court against a licensee for failure to follow a
department order.
injunction
administrative fines from the department may not exceed
$5000 per offense
first renewal following initial license, licensees must renew by completing the post-licensing
requirements prior to?
the expiration date of the initial license
failure to renew license for first renewal will result in
null and void license status
failure to renew a license prior to expiration will put the license into
involuntary inactive status
biennial
every two years
biannual
twice a year
if a licensee decides to no longer practice real estate, they could return the license to the department,
the license would be
cancelled
a single real estate license that can be obtained if the sales associate or broker associate works for
one owner developer with affiliated organizations which provides real estate services in different
geographic areas
group license
broker can be issued additional license in 2 or more capacities by requesting
multiple licenses
authorized under agency law by the employer to perform a single acf
, special agent
a party who has been granted authority to act on behalf of another agent
subagent
a broker who provides limited representation
transaction broker
broker must present
ALL offers
any attempt to represent both parties in a transaction as an agent would create an
illegal dual agency
buyer beware, acting in own best interesy
arms length relationship
when both buyer and seller have assets of $1 million or more
can both request single agent representation
procuring of cause
broker who first produces a purchaser
person can receive compensation for referrals if
they have a license or a part of transaction
broker is required to have a ____ on it about the entrance to the office and all branch offices
sign
all legal advertising must be in the name and under the supervision of the
broker
sales associate or broker associates name may appear in the ad in addition to the name of the
brokerage but must include
first and last name as registered with the commission
internet advertising
any advertisement that is placed online
any real estate advertisement that DOES NOT contain the registered or trade name of the broker
blind ad
