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Gold Coast real estate 63 hour course exam questions with correct answers
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Gold Coast real estate 63 hour course exam questions with correct answers
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Gold Coast real estate 63 hour courseexam questions with correct answers
one acre equals - ANSWER: ➡ 43,560 square feet
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One mile is how many feet - ANSWER: ➡ 5280 feet
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Plat or recorded plat is also known as - ANSWER: ➡ Lot and block
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Assessor's parcel number (APN) is - ANSWER: ➡ A number that is assigned to a parcel of real
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property by a county property assessor to uniquely identify that property within the
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jurisdiction.
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Township - ANSWER: ➡ Is 6 mikes sq and contains 36 square miles.
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MLS (Multiple Listing Service) - ANSWER: ➡ Marketing tool for licensees
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Residential sales - ANSWER: ➡ The sale of improved residential property of 4 or less units, the
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sale of unimproved residential property intended for use as 4 or less, or the sale of agricultural
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property of 10 or fewer acres.
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Tract building - ANSWER: ➡ when a developer acquires a large tract of land, records a
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subdivision plat map, and uses a model center from which sales may be made.
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moratorium - ANSWER: ➡ a suspension of activity; an authorized delay of building project
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Florida real estate license law - ANSWER: ➡ To protect public
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, Leasing - ANSWER: ➡ For commercial properties
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Renting - ANSWER: ➡ For residential properties
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Sales associate that wants to be broker - ANSWER: ➡ Needs to actively licensed 24 months
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within 5 years
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Broker Associate - ANSWER: ➡ A person who holds a broker's license but chooses to register
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and work in real estate under the direction of another broker.
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Florida rea estate license - ANSWER: ➡ Does not require to be resident of state or be a citizen
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of united states
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Background questions - ANSWER: ➡ Must discolse any convictions o o o oo o o o o
What 5 things happens when application denial - ANSWER: ➡ Denied by department, notified
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by writing, 21 days from reciept, request formal , attend before administrative hearing
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Law 475 - ANSWER: ➡ Law requires sales associate or broker associate to be employed as an
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agent of either a broker or owner developer not both
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Owner-developer - ANSWER: ➡ Must register with department but does not receive real o o oo o o o o o o o o o
estate license
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Sales associate first renewal - ANSWER: ➡ No grace period, 45 hr post license
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Continuing Education - ANSWER: ➡ Required if not met within the renewal, licensees license
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status will be changed to involuntary
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