age 1 of 29
Gold Coast School Real Estate Exam – 2025 Actual
Exam Questions and Correct Answers | Florida License
Prep
Farming ......ANSWER........A practice where a licensee
consintrates on one type or style of property or one particular
neighborhood
Listing Contract ......ANSWER........When a broker is employed to
find a purchaser, he or she is entitled to compensation when a
ready, willing, and able buyer has met all of the seller's
requirements. This is accomplished when the buyer makes an
offer in accordance with the terms of the listing agreement,
whether or not a sale is consummated.
Federal Real Estate Settlement Procedures Act (RESPA)
......ANSWER........Allows brokers to pay referral fees between
real estate agents and brokers without disclosure. Page 62-20-
31
,age 2 of 29
Principal Office Requirements ......ANSWER........Must consist of at
least one enclosed room in a building of stationary construction
where negotiations and the closing of real estate transactions
can be conducted with privacy.
Branch Office Requirements ......ANSWER........Page 72-20-22,
25-27
Advertising ......ANSWER........Must be in the name and under the
supervision of the broker. Page 73-3-7
Summary of Brokerage Relationship Duties (Residential Sales)
......ANSWER........Duty
No Representation
Transaction Broker
Single Agent
Duty
Account for all funds ......ANSWER........No Representation
Transaction Broker
, age 3 of 29
Single Agent
Duty
Deal honestly & fairly ......ANSWER........No Representation
Transaction Broker
Single Agent
Duty
Disclose all known facts that affect the value of residential
property ......ANSWER........No Representation
Transaction Broker
Single Agent
Duty
Skill, care, and diligence ......ANSWER........Transaction Broker
Single Agent
Duty
Present all offers and counteroffers ......ANSWER........Transaction
Broker
Gold Coast School Real Estate Exam – 2025 Actual
Exam Questions and Correct Answers | Florida License
Prep
Farming ......ANSWER........A practice where a licensee
consintrates on one type or style of property or one particular
neighborhood
Listing Contract ......ANSWER........When a broker is employed to
find a purchaser, he or she is entitled to compensation when a
ready, willing, and able buyer has met all of the seller's
requirements. This is accomplished when the buyer makes an
offer in accordance with the terms of the listing agreement,
whether or not a sale is consummated.
Federal Real Estate Settlement Procedures Act (RESPA)
......ANSWER........Allows brokers to pay referral fees between
real estate agents and brokers without disclosure. Page 62-20-
31
,age 2 of 29
Principal Office Requirements ......ANSWER........Must consist of at
least one enclosed room in a building of stationary construction
where negotiations and the closing of real estate transactions
can be conducted with privacy.
Branch Office Requirements ......ANSWER........Page 72-20-22,
25-27
Advertising ......ANSWER........Must be in the name and under the
supervision of the broker. Page 73-3-7
Summary of Brokerage Relationship Duties (Residential Sales)
......ANSWER........Duty
No Representation
Transaction Broker
Single Agent
Duty
Account for all funds ......ANSWER........No Representation
Transaction Broker
, age 3 of 29
Single Agent
Duty
Deal honestly & fairly ......ANSWER........No Representation
Transaction Broker
Single Agent
Duty
Disclose all known facts that affect the value of residential
property ......ANSWER........No Representation
Transaction Broker
Single Agent
Duty
Skill, care, and diligence ......ANSWER........Transaction Broker
Single Agent
Duty
Present all offers and counteroffers ......ANSWER........Transaction
Broker
