Download Gold Coast Real Estate Exam 90 Hour 1-7 With 100% Correct And Verified Answers 2024 and more Exams Advanced Education in PDF only on Docsity! Gold Coast Real Estate Exam 90 Hour 1- 7 With 100% Correct And Verified Answers 2024 What do licensess bring - Correct Answer-Knowledge and experties in property transfer ,valution, market condition What is farming - Correct Answer-concentrating on type of property What is residental transaction - Correct Answer-Sale of a propety four units or lower tract building - Correct Answer-model homes moratorium - Correct Answer-a suspension of activity; an authorized delay what is a realtor@ - Correct Answer-anyone a part of the national associtation of realtors How long does a sales associte have to part of a broker before becoming eligable to take state exam - Correct Answer-24 months What is a broker associte - Correct Answer-a sales associte who has their broker license Do you need to be a florida resident or us citizen to get license - Correct Answer-no How long does a applicant need to pass the state exam - Correct Answer-2 years What happens if your application gets denied - Correct Answer-You have 21 days to see set an appoinment for a formal hearing before a adminstrive law judge What is a owner developer? - Correct Answer-indiviual who is in business of buying, owning and developing real estate , must register with department but does not receive a real estate license. what does a sales associte must complete prior to the expiration date of his or inital license period - Correct Answer-45 hour post license course How many hours are countined education classes and what happens if they dont attend the class - Correct Answer-14 hours, They will become involuntary inactive How many hours do you need to renew broker license - Correct Answer-60 A sales associate failed to complete the required post-license education prior to renewal. - Correct Answer-Void What is the department - Correct Answer-Department of business and professional regulation injuction - Correct Answer-an authoritative warning or order Can the department injuction unlicensed people - Correct Answer-No but they can cease and desist order against a unlicensed party for violation What can the exuctive power do - Correct Answer-can be exucted by the chairman acting alone. whats the largest fee you can receive for a offense - Correct Answer-5000 What happens if a broker license is suspended - Correct Answer-all people under license are inactive What is a group license - Correct Answer-A group license is a single associate work for one owner-developer with affillated orgainization what is the maximum numbers of years a member may serve on the florida real estate commission - Correct Answer-8 what created the the department - Correct Answer-FS.455 single agent - Correct Answer-A broker who represents, as a fiduciary, either the buyer or seller but not both in the same transaction. Transacition broker - Correct Answer-does not represent the buyer or seller, but instead acts as a neutral resource to help both parties complete a home sale Can a broker represent both a buyer and a seller? - Correct Answer-No it is dual agency a real estate brokerage limited partnership must have how many general parthner with a active license - Correct Answer-one general partner Joint venture - Correct Answer-Temporary business that involves a single transction where 2 company join together can assocites be in a postion of power - Correct Answer-No six individulas decide to form a real estate brokerage partnership all six individuals are planning to be active in real estate sales what do they all need - Correct Answer-The Who can have a 'group license'? - Correct Answer-work associte who work under owner devolper Blockbusting - Correct Answer-Inducing owners to sell because of entry of minorities into neighborhoods Steering (channeling) - Correct Answer-guiding people into or away from any area based on their protected class (violation of fair housing) Redlining - Correct Answer-Denying loans in certain areas due to race, religion, sex, familial status, or a disability. what happens if property does not comply with ada - Correct Answer-owner are to make necessary modifaction How long does the landlord have to return the security deposit - Correct Answer-15 days When may a landlord commingle a tenants security deposit with other business funds? - Correct Answer-When the lanlord post a surety bond What are riparian rights? - Correct Answer-The right of landowners to use the water that flows through or near their property What is accretion? - Correct Answer-increase in land area as moving water deposit soil. intent - Correct Answer-item was meant to become part of the real property Method of Annexation - Correct Answer-how item was installed Adaptation - Correct Answer-item designed for or necessary to nature of the property possession - Correct Answer-a owner has a right to possess or occupy the property dispostion - Correct Answer-a owner generally has the right to sell the property to give away. exclusion - Correct Answer-owner has right to determine how the property will be used Estate in severalty - Correct Answer-Ownership by one person, one corporation, one partnership Tenancy in Common - Correct Answer-A tenancy in common is a fee estate held by two or more people. Remainderman - Correct Answer-property law to refer a person who inherits or is entitled to inherit property upon the termination of the estate of the former owner. Constructive Notice - Correct Answer-Notice given to the world by recorded documents what is Voluntary Alienation - Correct Answer-Deed and Will
