Gold Coast Real Estate Final Exam Study Guide (only contains highlights from Ch-s 1, 2,3,4 and some of 11
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Course
M-100 COMMUNITY MANAGEMENT AND LEADERSHIP
Institution
M-100 COMMUNITY MANAGEMENT AND LEADERSHIP
Gold Coast Real Estate Final Exam Study Guide (only contains highlights from Ch-s 1, 2,3,4 and some of 11 Gold Coast Real Estate Final Exam Study Guide (only contains highlights from Ch-s 1, 2,3,4 and some of 11 Gold Coast Real Estate Final Exam Study Guide (only contains highlights from Ch-s 1, 2,...
Gold Coast Real Estate Final Exam Study
Guide (only contains highlights from Ch's
1, 2,3,4 and some of 11
1. Real Estate Bro- A business in which real estate-related activities
are kerage (Ch. 1) performed under the authority of a licensed real
estate broker
2. Farming (Ch. 1) concentrating on one type or style of property in
one particular area of neighborhood
3. Property Transfer, areas of expert knowledge that are required for
all real Valuation & Mar- estate licensees keting (Ch. 1)
4. Residential Trans- F.S 475 action (Ch. 1) The sale of any improved
residential property of 4 units or fewer.
Unimproved property intended for 4 units or
fewer.
Agricultural properties 10 acres or less
5. Tract Building (Ch. when a developer acquires a large tract of land,
records
1) a subdivision plat map, and uses a model center
from which sales may be made
, =
6. Local Level of control planning and zoning, property taxation,
building Government (Ch. and health code regulations 1) also
impose a moratorium or temporary delay for a building project
building permits would be held until the
situations are corrected
7. Florida Real Estate the purpose is to protect the public
License Law F.S
475 (Ch. 2)
8. Commission (Ch. Florida Real Estate Commission (FREC) 2)
9. Department (Ch. 2) Department of Business and Professional
Regulation (DBPR)
10. Licensee (Ch. 2) any person that has a permit, registration,
certificate, or license that's issued by the Department
11. Sales Associate a person who performs real estate activities
while em-
(Ch. 2) ployed by a licensed real estate broker
12. Broker (Ch. 2) a person who performs services of real estate for
another and receives compensation for those services either directly
or indirectly
, =
13. A sales associate have been employed under one or more actively
licensed who wishes to a brokers for at least 24 months within the
previous 5 years broker must: (Ch. 2)
14. Broker Associate an applicant to become a "broker associate" may
chose (Ch. 2) to continue employment in a sales associate position
with current employer after passing the exam but will be registered
under a "broker associate" after passing the
exam
an individual who meets the requirements of a
broker but who chooses to work in real estate
under the direction (employ) of another broker.
15. An applicant for a resident of Florida or be a citizen of the U.S
Florida real estate license is not required to be a: (Ch.
2)
16. The question that "Have you ever been convicted of a felony or
found guilty requires the dis- of, or entered a plea of "nolo
contendere" (no contest) closure of any or guilty to, regardless of
adjudication ,a crime in any criminal convic- jurisdiction, or are
you currently being investigated?" tions, including felony or
misdemeanor convictions or pleas
(other than
traffic offenses),
regardless of
adjudication
(going to court)
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