GOLD COAST FINAL EXAM STUDY SET FOR 4/11
QUESTIONS WITH 100% CORRECT ANSWERS |
ESTUDY LATEST, ALL ANSWERED 100%
1. **What areas should a realtor be an expert in?**
- A) Social Media and Networking
- B) Marketing, Valuation & Market Conditions, Property Transfer
- C) Financial Planning
- D) Home Staging
- **ANSWER:** B) Marketing, Valuation & Market Conditions, Property Transfer
2. **Do you need to be a resident of Florida or a U.S. citizen to obtain a Florida real estate license?**
- A) Yes, you must be a resident
- B) Yes, you must be a citizen
- C) No, you do not need to be a citizen
- D) No, residency is not required
- **ANSWER:** C) No, you do not need to be a citizen
3. **What must an applicant for a real estate license do if they have been convicted of a crime?**
- A) Apply for a waiver
- B) Disclose all convictions
- C) Wait five years to apply
- D) Seek legal advice
- **ANSWER:** B) Disclose all convictions
,ESTUDY
4. **What is the employment restriction for a real estate associate?**
- A) Can work for multiple employers
- B) Can only have one employer at a time
- C) Can work independently without a broker
- D) Must be self-employed
- **ANSWER:** B) Can only have one employer at a time
5. **What is the grace period for a sales associate's first renewal (Post Licensing)?**
- A) 6 months
- B) 1 year
- C) No grace period; it is void and null
- D) 30 days
- **ANSWER:** C) No grace period; it is void and null
6. **Who is exempt from licensure?**
- A) Independent Contractors
- B) Salaried Employees
- C) Retired Individuals
- D) Part-time Workers
- **ANSWER:** B) Salaried Employees
7. **How long can someone stay involuntarily inactive?**
- A) 1 year
- B) 2 years
, ESTUDY
- C) 3 years
- D) Indefinitely
- **ANSWER:** B) 2 years
8. **What happens to an associate's license if a broker's license is void, suspended, or revoked?**
- A) It remains active
- B) It automatically becomes inactive
- C) It can be transferred to another broker
- D) It becomes invalid for new transactions
- **ANSWER:** B) It automatically becomes inactive
9. **When can multiple licenses be issued?**
- A) To any licensed agent
- B) Only to active brokers if it is demonstrated that additional licenses are necessary for legitimate
business
- C) To brokers with a certain number of sales
- D) To agents after one year of experience
- **ANSWER:** B) Only to active brokers if it is demonstrated that additional licenses are necessary for
legitimate business
10. **What is a Transaction Broker?**
- A) A broker representing only the seller
- B) A broker providing full representation to buyers and sellers
- C) A broker who provides limited representation to a buyer, seller, or both in a real estate
transaction
- D) A broker specializing in rentals
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