Gold Coast FINAL EXAM STUDY SET For 4/11 Questions And Answers Latest Top Score.
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Course
Gold Coast
Institution
Gold Coast
Gold Coast FINAL EXAM STUDY SET For 4/11 Questions And Answers Latest Top Score.
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 c...
Gold Coast FINAL EXAM STUDY SET For
4/11 Questions And Answers Latest Top
Score.
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
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
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
Referral Fees:
I as the sellers agent promise kickback commission. Is this allowed? - correct answer.
yes, as long as this is disclosed to all interested parties
what if an attorney asks for a fee because they referred a client to you? - correct
answer. you cannot give him a referral fee for sending you a client
Principal Brokerage office - correct answer. -registration is good for 2 years
-can switch locations
branch brokerage office - correct answer. -registration is good for 2 years
-cannot move locations if not the principal location... in order to move it would need a
new registration for the new location and must pays fees associated with it
What are the requirements for a Principal Office? - correct answer. -at least one
enclosed room in a building of stationary construction
-must maintain documents for a minimum of 5 years
What are the requirements for an associate advertising with a website? - correct
answer. -must have brokerage name and his/her last name
Advertising - correct answer. must have name of brokerage
When should one disclose that they are a licensed agent? - correct answer. prior to
entering serious negotiations
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