1 / 10
Gold Coast Real Estate Study Guide
1.Tract building: When a dev. Acquired land, records a plat map and
uses a model center from which sales may be made
2.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
3.Broker associate: A licensed broker working for another broker
4.False: A florida real estate license applicant must be a resident and
citizen (true or false)
5.Application Denial: You have 21 days to send a formal letter to the
department for a hearing if:
6.One: How mang brokers can a sales or broker associate work for
7.Post license requirements: No grace period
8.Sales associate first renewal: No grace period 1 / 3
2 / 10
9.Exempt from licensure: Attorney in fact/ Attorney at Law
10.Attorneys at law: My perform legal services on behalf ofntheir
clients; they may prepare documents, handle closings, and give legal advice.
11.Involuntary inactive: An individual who does not request renewal of
their second or subsequent lecense, pay the required fees, or maintain their continuing education requirements will have their license placed in
12.2 years: A license may remain in involuntary inactive status for no
longer than
13.Special Agent: A special agent is authorized under agency law by
the employ- er to perform a single act. The employment contract between the employer and agent establishes the limit of authority granted
14.Presenting offers: A broker has a buty to transmit any and all
offers to the employer including oral offers or offers made without a binder deposit 15.Limited: A transaction broker provides what kind of representation 2 / 3
3 / 10
16.Single agent: this agency relationship is created when a broker
accepts em- ployment under a single agency agreement. A broker may represent a seller or buyer , or a landlord or tenant.
17.Principal: In a single agency relationship, the employer becomes the
18.For sale By owner: Non Representation or (No Brokerage
Relationship can also be called)
19.FSBO: For sale by owner can also be called
- / 3