Docsity
Docsity

Prepare for your exams
Prepare for your exams

Study with the several resources on Docsity


Earn points to download
Earn points to download

Earn points by helping other students or get them with a premium plan


Guidelines and tips
Guidelines and tips

Gold Coast Real Estate Final Exam 2023/2024 Questions & Answers 100% Correct, Exams of Real Estate Management

What is Farming? - ANSWER-Agent dominates specific area/neighborhood/town Also known as door to door. What are the three areas sales associates must be experts in? - ANSWER-Must be experts in Valuation, Marketing, and Property Transfer

Typology: Exams

2023/2024

Available from 11/23/2023

BestGrades
BestGrades 🇺🇸

4.1

(25)

2.5K documents

1 / 2

Toggle sidebar

This page cannot be seen from the preview

Don't miss anything!

bg1
Gold Coast Real Estate Final Exam
2023/2024 Questions & Answers 100%
Correct
What is Farming? - ANSWER-Agent dominates specific area/neighborhood/town Also
known as door to door.
What are the three areas sales associates must be experts in? - 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) - ANSWER-Government Law (Environmental)
What is It called when a Developer builds a center in track where sales are made? -
ANSWER-Track Building
What is the period of time called when a Developer holds off approval on project ? -
ANSWER-Building Moratorium
How long must a sales associate be active to be able to take Broker exam? - ANSWER-
24mos within a 60mos period
What is a broker associate? - ANSWER-Broker that is licensed but working under
another broker
What do you need to qualify for FL Real Estate License? - ANSWER-18yrs of age and
no criminal history, you dont need to be FL resident or US citizen
What is mutual recognition? - 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? -
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? - ANSWER-FREC 2
What is the name of the course to become a sales associate? - ANSWER-FREC 1
How many hours for FREC 1 and how many for FREC 2 - ANSWER-62 Sales Associate
72 Broker
pf2

Partial preview of the text

Download Gold Coast Real Estate Final Exam 2023/2024 Questions & Answers 100% Correct and more Exams Real Estate Management in PDF only on Docsity!

Gold Coast Real Estate Final Exam

2023/2024 Questions & Answers 100%

Correct

What is Farming? - ANSWER-Agent dominates specific area/neighborhood/town Also known as door to door. What are the three areas sales associates must be experts in? - 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) - ANSWER-Government Law (Environmental) What is It called when a Developer builds a center in track where sales are made? - ANSWER-Track Building What is the period of time called when a Developer holds off approval on project? - ANSWER-Building Moratorium How long must a sales associate be active to be able to take Broker exam? - ANSWER- 24mos within a 60mos period What is a broker associate? - ANSWER-Broker that is licensed but working under another broker What do you need to qualify for FL Real Estate License? - ANSWER-18yrs of age and no criminal history, you dont need to be FL resident or US citizen What is mutual recognition? - 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? - 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? - ANSWER-FREC 2 What is the name of the course to become a sales associate? - ANSWER-FREC 1 How many hours for FREC 1 and how many for FREC 2 - ANSWER-62 Sales Associate 72 Broker

What does a licensed real estate associate working for a license make for pay? - ANSWER-Comision What is your first renewal as a sales associate and after how long? - ANSWER-Post renewal after 2yrs and 18mos If you dont do your Post renewal what happens to your license? - ANSWER-You are VOID no grace period What is imminent domain? - ANSWER-The government taking over your property but compensating owner How many acres are in a section? - ANSWER-640 acres What is a gross lease? - ANSWER-tenant pays fixed rent, residential What is net lease? - ANSWER-tenant pays rent for a commercial shopping center What is percentage lease? - ANSWER-tenant pays rent for mall center How big Is a township? - ANSWER-6 sq miles 36 sections 1 section = 640 acres Whats the most accurate legal description? - ANSWER-Meets and Bounds