Gold Coast Real Estate Ch 1- 19 Review
A developer contracts to build a home according to the buyers specifications. This is an
example of which type of building? - ANS-custom
\A sales associate is employed by a broker Monday through Friday and for a builder on the
weekends. The sales associate feels the added experience is beneficial especially since
both employers pay an attractive commission split. Does this arrangement violate the license
law? - ANS-YES
\a transaction broker provides - ANS-limited representation to both parties
\After being active in the real estate business for over five years, a licensee's license expired
on September 30th. What is the status of the license on October 1st? - ANS-Involuntary
inactive
\Are real estate licensees expected to be knowledgeable in accounting? - ANS-No
\As an agent, a broker is employed by and acts on behalf of whom? - ANS-a principal
\Buffer zone - ANS-a planned neutral space between two different zoning categories that are
often built into a planned community (PUD)
\Can the department of Business and Professional Regulation issue an injunction? -
ANS-NO
\county taxes are 6 mills, city taxes are 8 mills, and school board taxes are 7 mills. If
homestead property is assessed at 110,000, what are the annual taxes? - ANS-a. $1,316
b.$1,435
c. $1,880
d $2,310
\depositing earnest money into a broker's personal checking account is called -
ANS-commingling
\depositing earnest money into a stock brokerage firm is called - ANS-conversion
\Educational requirements of applicants for a real estate license are promulgated under what
authority of the Florida Real Estate Comission? - ANS-executive
\Planned unit development - ANS-cluster zoning; are allowed a certain percentage of the
development to include smaller than normal lots or zero lot line and patio homes to be built
\Real estate licensees are expected to be knowledgeable in all of the following areas -
ANS-Marketing
Valuation
Property Transfer
\The department of Business and Professional Regulation has the authority to issue: -
ANS-a cease and desist order
a subpoena
a notice of noncompliance
\The federal, state, and local governments all play a role in the regulation of real estate.
Where would the federal government have the most impact? - ANS-Civil rights enforcement
and monetary policy
\The federal, state, and local governments all play a role in the regulation of real estate.
Where would the local government have the most impact? - ANS-property taxes, building
moratoriums, and zoning
\What does the term farming refer to in real estate - ANS-specializing in one geographic area
A developer contracts to build a home according to the buyers specifications. This is an
example of which type of building? - ANS-custom
\A sales associate is employed by a broker Monday through Friday and for a builder on the
weekends. The sales associate feels the added experience is beneficial especially since
both employers pay an attractive commission split. Does this arrangement violate the license
law? - ANS-YES
\a transaction broker provides - ANS-limited representation to both parties
\After being active in the real estate business for over five years, a licensee's license expired
on September 30th. What is the status of the license on October 1st? - ANS-Involuntary
inactive
\Are real estate licensees expected to be knowledgeable in accounting? - ANS-No
\As an agent, a broker is employed by and acts on behalf of whom? - ANS-a principal
\Buffer zone - ANS-a planned neutral space between two different zoning categories that are
often built into a planned community (PUD)
\Can the department of Business and Professional Regulation issue an injunction? -
ANS-NO
\county taxes are 6 mills, city taxes are 8 mills, and school board taxes are 7 mills. If
homestead property is assessed at 110,000, what are the annual taxes? - ANS-a. $1,316
b.$1,435
c. $1,880
d $2,310
\depositing earnest money into a broker's personal checking account is called -
ANS-commingling
\depositing earnest money into a stock brokerage firm is called - ANS-conversion
\Educational requirements of applicants for a real estate license are promulgated under what
authority of the Florida Real Estate Comission? - ANS-executive
\Planned unit development - ANS-cluster zoning; are allowed a certain percentage of the
development to include smaller than normal lots or zero lot line and patio homes to be built
\Real estate licensees are expected to be knowledgeable in all of the following areas -
ANS-Marketing
Valuation
Property Transfer
\The department of Business and Professional Regulation has the authority to issue: -
ANS-a cease and desist order
a subpoena
a notice of noncompliance
\The federal, state, and local governments all play a role in the regulation of real estate.
Where would the federal government have the most impact? - ANS-Civil rights enforcement
and monetary policy
\The federal, state, and local governments all play a role in the regulation of real estate.
Where would the local government have the most impact? - ANS-property taxes, building
moratoriums, and zoning
\What does the term farming refer to in real estate - ANS-specializing in one geographic area
