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Gold Coast Test Exam Questions With Correct Answers

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Gold Coast Test Exam Questions With Correct Answers Farming - answerMany licensees will concentrate on one type or style of property or on one particular neighborhood, a practice called...... Finding and specializing in a particular neighborhood or type of property, referred to as a farm area o...

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  • October 18, 2024
  • 21
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Gold Coast
  • Gold Coast
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sirjoel
©SIRJOEL EXAM SOLUTIONS
12/3/2024 11:27AM



Gold Coast Test Exam Questions With
Correct Answers


Farming - answer✔Many licensees will concentrate on one type or style of property or on one

particular neighborhood, a practice called...... Finding and specializing in a particular

neighborhood or type of property, referred to as a farm area or target market, is considered to be

one of the best ways to succeed in the real estate business.


Local Level - answer✔Planning and zoning, property taxation, building and health code

regulations are controlled by local governments. Local government bodies can also impose a

moratorium or temporary delay for a building project. This can be due to environmental

concerns, or ensuring that adequate utilities are in place to support new housing developments,

etc.


Local Level - answer✔Planning and zoning, property taxation, building and health code

regulations are controlled by local governments.This can be due to environmental concerns, or

ensuring that adequate utilities are in place to support new housing developments, etc.


Qualifications for a real estate license include: - answer✔Must have a Social Security number


Must be at least 18 years of age (the age of majority in Florida)

, ©SIRJOEL EXAM SOLUTIONS
12/3/2024 11:27AM


Must hold a high school diploma or the equivalent

Must be honest, truthful, good reputation


Sales associate first renewal. - answer✔A sales associate must complete a 45-hour post- license

course prior to the expiration date of his or her initial license period. The license of a sales

associate who fails to complete this requirement will become void and the licensee will be out of

business.


Attoneys-in fact - answer✔are persons who are granted authority under a power of attorney to

act for others in some capacity, such as signing documents.


Against unlicensed persons - answer✔The Department also has the power to issue a cease-and-

desist order against an unlicensed party for violation of any rule or law under its administration.


A licensee who is found guilty - answer✔may receive one of the following disciplinary actions,

be issued a reprimand or an administrative fine up to $5,000 per offense, be placed on

probation,or have their license suspended for up to ten years or permanently revoked.


First renewal of license - answer✔following an initial license, licensees must renew by

completing the post-licensing requirements prior to the expiration of the initial license.


Failure to renewal license will result in - answer✔null and void license status


Subsequent renewals - answer✔For all biennial renewal periods following the initial license,

licensees must renew by completing the 14-hour CE requirements.

, ©SIRJOEL EXAM SOLUTIONS
12/3/2024 11:27AM


Failure to renewal a license prior to the expiration, in other than the initial license period will

result in - answer✔will put the license into involuntary inactive status. The license can remain in

this status for up to two years.

If a brokers license becomes void all the employees under that broker will become -

answer✔automatically inactive


If a licensee decides to no longer practice real estate - answer✔They can return their license to

the department where the license will be cancelled.


A group license - answer✔a single real estate license that can be obtained if the sales associate or

broker associate works for one owner-developer with affiliated organizations, which provides

real estate services in different geographic areas.


The department - answer✔The Department of Business and Professional Regulation


The commission - answer✔the Florida Real Estate Commission


Administrative law - answer✔Statutes can authorize the creation and operation of administrative

agencies to administer and enforce certain laws. The Department of Business and Professional

Regulation (the Department), created by F.S. 455, and the Florida Real Estate Commission (the

Commission), created by F.S. 475, are examples of administrative agencies empowered by

statutes.

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