Gold Coast Real Estate exam with correct
solutions
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.
True - ANSWER>>When a deposit is placed, or is to be placed, with a title
company or an attorney, the licensee who prepared or presented the sales
contract must indicate on that contract the name, address, and telephone
number of the title company or attorney with whom the deposit was placed
(True or False)
Escrow or trust account - ANSWER>>May be held in a commercial bank, title
company which has trust powers, credit union, or savings and loan association
located in the state of Florida
cannot - ANSWER>>The escrow account ______ be held in a stock or bond
brokerage house
solutions
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.
True - ANSWER>>When a deposit is placed, or is to be placed, with a title
company or an attorney, the licensee who prepared or presented the sales
contract must indicate on that contract the name, address, and telephone
number of the title company or attorney with whom the deposit was placed
(True or False)
Escrow or trust account - ANSWER>>May be held in a commercial bank, title
company which has trust powers, credit union, or savings and loan association
located in the state of Florida
cannot - ANSWER>>The escrow account ______ be held in a stock or bond
brokerage house
