GOLD COAST REAL ESTATE EXAM
QUESTIONS AND ANSWERS GRADED A+
2025/2026
Tract building - ANS When a dev. Acquired land, records a plat map and uses a model center
from which sales may be made
Local level - ANS 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 - ANS A licensed broker working for another broker
False - ANS A florida real estate license applicant must be a resident and citizen (true or false)
Application Denial - ANS You have 21 days to send a formal letter to the department for a
hearing if:
One - ANS How mang brokers can a sales or broker associate work for
Post license requirements - ANS No grace period
Sales associate first renewal - ANS No grace period
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
,Exempt from licensure - ANS Attorney in fact/ Attorney at Law
Attorneys at law - ANS My perform legal services on behalf ofntheir clients; they may prepare
documents, handle closings, and give legal advice.
Involuntary inactive - ANS 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 - ANS A license may remain in involuntary inactive status for no longer than
Special Agent - ANS 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 - ANS 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 - ANS A transaction broker provides what kind of representation
Single agent - ANS 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 - ANS In a single agency relationship, the employer becomes the
For sale By owner - ANS Non Representation or (No Brokerage Relationship can also be
called)
FSBO - ANS For sale by owner can also be called
2 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
, Stationary Construction - ANS 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 - ANS Licencees should make clear that they are dealing on their own account and not
acting on the behalf of
Public - ANS Licencees should make known their status as licencees to members of the
Serious negotiations - ANS This Disclosure should be made prior to entering into
Deposit - ANS A form of Money, personal property, real property, or anything of value that is
capable of being converted into cash.
Closing - ANS Typically the deposit is intended as partial payment of the purchase price at?
Post dated checks - ANS Are considered to be promissory notes and can be accepted as
earnest money with the seller's approval.
True - ANS 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 - ANS 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 - ANS The escrow account ______ be held in a stock or bond brokerage house
Commingle - ANS A broker is not allowed to _________ or deposit the personal funds of any
person with any funds being held in escrow, trust or on condition
3 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
QUESTIONS AND ANSWERS GRADED A+
2025/2026
Tract building - ANS When a dev. Acquired land, records a plat map and uses a model center
from which sales may be made
Local level - ANS 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 - ANS A licensed broker working for another broker
False - ANS A florida real estate license applicant must be a resident and citizen (true or false)
Application Denial - ANS You have 21 days to send a formal letter to the department for a
hearing if:
One - ANS How mang brokers can a sales or broker associate work for
Post license requirements - ANS No grace period
Sales associate first renewal - ANS No grace period
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
,Exempt from licensure - ANS Attorney in fact/ Attorney at Law
Attorneys at law - ANS My perform legal services on behalf ofntheir clients; they may prepare
documents, handle closings, and give legal advice.
Involuntary inactive - ANS 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 - ANS A license may remain in involuntary inactive status for no longer than
Special Agent - ANS 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 - ANS 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 - ANS A transaction broker provides what kind of representation
Single agent - ANS 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 - ANS In a single agency relationship, the employer becomes the
For sale By owner - ANS Non Representation or (No Brokerage Relationship can also be
called)
FSBO - ANS For sale by owner can also be called
2 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
, Stationary Construction - ANS 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 - ANS Licencees should make clear that they are dealing on their own account and not
acting on the behalf of
Public - ANS Licencees should make known their status as licencees to members of the
Serious negotiations - ANS This Disclosure should be made prior to entering into
Deposit - ANS A form of Money, personal property, real property, or anything of value that is
capable of being converted into cash.
Closing - ANS Typically the deposit is intended as partial payment of the purchase price at?
Post dated checks - ANS Are considered to be promissory notes and can be accepted as
earnest money with the seller's approval.
True - ANS 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 - ANS 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 - ANS The escrow account ______ be held in a stock or bond brokerage house
Commingle - ANS A broker is not allowed to _________ or deposit the personal funds of any
person with any funds being held in escrow, trust or on condition
3 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
