Gold Coast Real Estate Final Exam 2023 Questions and Answers (Verified Answers) What is Farming? - Correct Answer Agent dominates specific area/neighborhood/town Also known as door to door.
What are the three areas sales associates must be experts in? - Correct Answer Must be experts in Valuation, Marketing, and Property Transfer
What key knowledge must you have to be involved in Industrial Sales? (Not needed for commercial sales) - Correct Answer Government Law (Environmental)
What is It called when a Developer builds a center in track where sales are made? - Correct Answer Track Building
What is the period of time called when a Developer holds off approval on project ? - Correct Answer Building Moratorium
How long must a sales associate be active to be able to take Broker exam? - Correct Answer 24mos within a 60mos period
What is a broker associate? - Correct Answer Broker that is licensed but working under another broker
What do you need to qualify for FL Real Estate License? - Correct Answer 18yrs of age and no criminal history, you dont need to be FL resident or US citizen
What is mutual recognition? - Correct Answer When you take the real estate license in one state and want It to account for the state your moving to.
What are the five steps that happens when your application is denied by DBPR? - Correct Answer Notification from DBPR, written notice, 21 days, request formal hearing, sit in front of judge
What is the name of the course to become a broker? - Correct Answer FREC 2
What is the name of the course to become a sales associate? - Correct Answer FREC 1
How many hours for FREC 1 and how many for FREC 2 - Correct Answer 62 Sales Associate 72 Broker
What does a licensed real estate associate working for a license make for pay? - Correct Answer Comision
What is your first renewal as a sales associate and after how long? - Correct Answer Post renewal after 2yrs and 18mos
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