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Gold Coast FINAL EXAM STUDY SET Questions and Answers (Latest Update 2024)
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Gold Coast FINAL EXAM STUDY SET Questions and Answers (Latest Update 2024)
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Gold Coast FINAL EXAM STUDY SETQuestions and Answers (Latest Update
2024)
what are the the areas a realtor should be an expert in? -
Correct Answer ✅Marketing
Valuation & Market Conditions
Property Transfer
"MVP"
Does one need to be a resident of the state or a citizen of the
U.S. to get a FL real estate license? - Correct Answer ✅to
get a FL real estate license, you don't need to be a citizen
What must an applicant for a real estate license do if he has
been convicted of a crime? - Correct Answer ✅must
disclose all convictions
Employment - Correct Answer ✅an associate can only
have one employer at a time
,Gold Coast FINAL EXAM STUDY SET
Questions and Answers (Latest Update
2024)
What's the grace period for a Sales associate's first renewal?
Post Licensing - Correct Answer ✅no grace period, void
and null
Individuals who are exempt from licensure - Correct Answer
✅Salaried Employees
How long can one stay involuntary inactive? - Correct
Answer ✅2 years
What happens to an associates license if a broker's license is
void, suspended, or revoked? - Correct Answer ✅their
license automatically becomes inactive
Multiple Licenses - Correct Answer ✅issued only to active
brokers if it is clearly shown that such additional licenses are
necessary to the conduct of legitimate business
, Gold Coast FINAL EXAM STUDY SET
Questions and Answers (Latest Update
2024)
What is a Transaction broker - Correct Answer ✅a broker
who provides limited representation to a buyer, seller, or
both, in a real estate transaction
*not an AGENT*
Presenting Offers - Correct Answer ✅must present all
offers
A broker is entitled to compensation if they... - Correct
Answer ✅bring a buyer who brings an offer the seller was
looking for
Listing Contract - Correct Answer ✅broker's employment
contract that states the terms and conditions that the broker
must meet to become eligible for compensation
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