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Gold Coast Real Estate Review
1.Farming: Specialized in one geographic area. (Ch1)
2.They must be able to analyze financial statements and understand
balance sheets: Licensees involved in business opportunity brokerages
(Ch1)
3.Accounting: Real Estate licensees are expected to be knowledgable
in all of the following EXCEPT: Marketing, Valuation, Property Transfer,
Accounting (Ch1)
4.Local Level: Planning Zoning Property Taxation, building and health
codes and regulations, and building moratoriums that affect development, play a significant role in the cost and desirability of real estate. (Ch1) 5.Tract Building: Is when a developer acquires a large tract of land, 1 / 3
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records subdivision plat map, and uses a model center from which sales can be made. (Ch1)
6.Biennial: License Associates must practice ongoing education on a
basis. (Ch2)
7.Broker License requirements: Actively a real estate associate under a
broker- age for at least 24 months during the preceding 5 years (Ch2)
8.Broker Associate: Has a broker license but continues as
employment as a sales associate under a broker. (Ch2)
9.Qualifications for Licensure: Must have a Social Security Number, 18
years of age, high school diploma, Must be honest, truthful, trustworthy, and of good character, and have a good reputation for fair dealing. Is not required to be a Florida Resident. (Ch2)
10.Real Estate Application Question: Requires disclosure of any criminal
con- victions, including felony and mister misdemeanor. (Ch2) 11.Application Denial: You will be notified in writing, the reasons for 2 / 3
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denial, 21 days to request a hearing before an administrative law judge in account of the Administrative Procedure Act. (Ch2)
12.Employment Broker Compensation: A Sales associate or a broker
associate cannot receive compensation for performing real estate services from anyone other than his or her employing broker. (Ch2)
13.Employment by Owner Developer Requirements: The owner-developer
must register with the department but does not receive a real estate license. (Ch2)
14.Sales Associate 1st Renewal: 45 Hour post License Course, prior to
expira- tion (2 Years). Failure to do so will result in VOID. (Ch2)
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