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Real Estate Gold Coast Exam Questions And Verified Detailed Answers $11.99   Add to cart

Exam (elaborations)

Real Estate Gold Coast Exam Questions And Verified Detailed Answers

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  • Course
  • Real Estate Gold Coast
  • Institution
  • Real Estate Gold Coast

Real Estate Gold Coast Exam Questions And Verified Detailed Answers...

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  • October 7, 2024
  • 14
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • real estate gold coast
  • Real Estate Gold Coast
  • Real Estate Gold Coast
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Easton
Real Estate Gold Coast Exam Questions And
Verified Detailed Answers


Three areas of expert knowledge needed for all licensees - ANSWER property transfer,
valuation, and marketing (mvp)



What do you have to disclose in application - ANSWER disclose all convictions



what happens when application denied - ANSWER department will notify in writing

applicant will have 21 days from the date to request formal hearing



describe owner developer - ANSWER business of owning buying or developing real
estate

must register w/ the dept but does not obtain a RE license

when to take post license requirements- ANSWER must take course by date on the
license usually have 2 years

45 hr course

describe attorney in fact- ANSWER persons who are granted authority under a power of
attorney to act for others is some capacity

such as signing documents

do not need license



Salaried Employee - ANSWER in an apartment community who work on site rental office
of apartment community in leasing capacity

don't need license



multiple licenses - ANSWER only a broker can have multiple licenses

, broker must show they need it for legitimate business reasons



when do you complete first renewal of license - ANSWER must complete prior to the
expiration date on initial license



powers of the department (DBPR) - ANSWER department may seek (not issue) an
injunction from a court against a licensee for failure to follow a department order.

has power to issue a cease and desist order



whats significant about the chairperson in commission? - ANSWER the executive
powers can be exercise by chairperson acting alone



What's a special agent? - ANSWER authorize under law to act perform a single act



what is principal - ANSWER a customer becomes the principal when in a single agency
relationship



Transaction Broker - ANSWER A broker who provides limited representation to a buyer,
a seller, or both in a real estate transaction, but does not represent either in a fiduciary
capacity or as a single agent.



What offers do you have to present - ANSWER Must present all offers including oral
offers



what is an exclusive agent - ANSWER Agent for the buyer exclusively or agent for the
seller exclusively

any attempt to represent both parties would create an illegal dual agency



listing contract describe - ANSWER states the terms broker must meet to become
eligible for compensation

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