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GOLD COAST SCHOOL REAL ESTATE
Exam Questions and Answers Top Rated A+
Which statement about insurance is accurate? A. Most homeowner's insurance policies include home warranty coverage B. C. D. - correct answer - Ch.2 - correct answer - In what year did Florida enact its first real estate license law? A. 1923 B. 1919 C. 1925 D. 1941 - correct answer - A. 1923 What government entity was created for the purpose of administering and enforcing real estate license law?
A. The division of real estate licensing B. the Florida real estate licensing board C. The Florida real estate commission D. The division of regulation - correct answer - C. the Florida real estate commission Which of the following best describes the overall purpose of F.S. 475? A. to protect consumers B. to create the entities that regulate the real estate market C. to establish regulations and penalties for violations D. to define the qualifications for real estate licensees and appraisers - correct answer - A. to protect consumers "The department" refers to which government entity? - correct answer - The department of business and professional regulation (DBPR) What is "the division"? - correct answer - The Division of real estate (DRE) All of the following persons require a Florida real estate license, EXCEPT:
receives 3% of the purchase price for their services Which of the following most accurately defines "compensation" with respect to real estate licensees? A. Anything or any service of value that is paid, received, or expected to be paid or received in exchange for a performed service B. A flat fee or percentage commission that is paid in exchange for a performed service C. Money that is paid, received, or expected to be paid or received in exchange for a performed service D. Money that is paid in exchange for a performed service - correct answer - A. Anything or any service of value that is paid, received, or expected to be paid or received in exchange for a performed service All of the following are services that require a current, valid Florida real estate license, EXCEPT: A. Appraising in federally-related transactions, developing, constructing, selling homeowner's insurance, and lending money to finance home purchases B. Auctioning, counseling, advertising real estate services, and soliciting real estate business C. Property management, business brokerage, selling timeshare units, and providing leads or referrals for compensation D. .buying, selling, listing, renting, and showing property - correct answer - A. Appraising in federally-related transactions, developing, constructing, selling homeowner's insurance, and lending money to finance home purchases
What is the minimum age requirement for a real estate licensee in Florida? A. 21 years B. 25 years C. 18 years D. 23 years - correct answer - C. 18 years Which of the following is a requirement for a person to become a real estate licensee in Florida? A. United States citizenship B. Residency in the state of Florida C. A social security number D. A valid Florida drivers license or other state issued identification - correct answer - C. A social security number In addition to taking and passing this pre-license course and the state exam, what else must you do to obtain an ACTIVE sales associate license and PRACTICE real estate? A. Complete the post-license education requirements B. Wait for confirmation from the Department that you have passed the state exam
C. A person from Texas who is living in an apartment in Pensacola, Florida on a 3 month temporary work assignment D. A person who spends summers in Michigan and lives in a motor home in an RV park in Vero Beach, Florida from November 1 through March 31 each year - correct answer - D. A person who spends summers in Michigan and lives in a motor home in an RV park in Vero Beach, Florida from November 1 through March 31 each year What is mutual recognition? A. An agreement between Florida and certain other states that allows individuals licensed in that state to obtain a Florida license without taking any pre-licensing or exams B. An agreement between Florida and certain other states that allows individuals licensed in that state to practice real estate in Florida without a Florida license C. An agreement between Florida and certain other states that allows individuals licensed in that state to bypass Florida pre- licensing requirements to obtain a Florida license D. An agreement between Florida and certain other states that allows Florida licenses to practice real estate in that state without an additional license - correct answer - C. An agreement between Florida and certain other states that allows individuals licensed in that state to bypass Florida pre-licensing requirements to obtain a Florida license
What information about you that is received by the Department is a matter of public record? A. My end of course exam scores B. My financial history C. Information on my completed #DBPR RE 1 application D. My high school transcripts - correct answer - C. Information on my completed #DBPR RE 1 application For what reason might your application to take the state licensing exam be denied without prejudice? A. I forget to indicate on my completed application that i have previously had a real estate license revoked in another state B. I fail to mention a criminal conviction on my completed application C. I forget to sign my completed application D. I wrongly state on my completed application that I hold a 4 year degree in real estate - correct answer - C.I forget to sign my completed application All of the following persons are eligible to apply for a Florida real estate broker license, EXCEPT: A. A sales associate who has been employed by a licensed broker for at least 24 months within the preceding 5 years
What happens if you fail the alternative pre-license course final exam? - correct answer - I must repeat the entire course All of the following statements are accurate regarding the pre- license course Certificate of completion, EXCEPT: A. I must present the certificate to the exam vendor when I take the initial license state exam B. I must include the certificate with my application to take the initial license state exam C. The certificate is required for me to take the initial license state exam D. The certificate is valid for 2 years from the Date of issue - correct answer - B. I must include the certificate with my application to take the initial license state exam What is the status of your license after you pass the state exam and obtain your initial license? A. My license is active, i May begin providing real estate services immediately on my own B. My license is inactive, to activate my license, I must pay a fee and register with the Department C. My license is inactive, to activate my license, i must obtain employment with an active broker or owner-developer and register with the Department
D. My license is active, I may begin providing real estate services immediately; however, I must obtain employment within 30 days with an active broker - correct answer - C. My license is inactive, to activate my license, i must obtain employment with an active broker or owner-developer and register with the Department Which of the following statements about real estate licensure in Florida is accurate? A. Brokerage corporations and partnerships are licensed, but not registered B. Owner-developers are license, but not registered C. Brokers, broker associates, and sales associates are licensed and registered D. Branch offices are licensed and registered - correct answer - C. Brokers, broker associates, and sales associates are licensed and registered What is post-licensing? A. The registration of an initial license with the Department B. The conversion of a real estate license from inactive status to active status C. The education requirement upon the first renewal of an initial real estate license
Ch.3 - correct answer - Which Florida Statute created the DBPR A. F.S. 544 B. F.S. 120 C. F.S. 475 D. F.S. 455 - correct answer - D. F.S. 455 All of the following statements about the Secretary of the Department are accurate, EXCEPT: A. The Secretary is responsible for activities related to the Department B. The Secretary is appointed by the governor C. The Secretary is subject to confirmation by the Florida Senate D. The Secretary is limited to one six-year term - correct answer - D. The Secretary is limited to one six-year term What is the role of the Division of Real Estate (DRE or the Division?
A. To protect the public by developing federal rules and regulations that affect the real estate profession B. To protect real estate brokers from prosecution C. To protect the public by regulating real estate and appraisal licensees through education and compliance D. To protect real estate licensees from litigation - correct answer
- C. To protect the public by regulating real estate and appraisal licensees through education and compliance Which of the following statements about F.S. 475, Part 1, is accurate? A. It defines the Florida Real Estate Appraisal board and is supplemented by rules in F.A.C 61J B. It defines the FREC and is supplemented by rules in F.A.C. 61J C. It addresses real estate brokers, sales associates, and schools and is supplemented by rules in F.A.C 61J D. It addresses real estate appraisers and is supplemented by rules in F.A.C. 61J1 - correct answer - C. It addresses real estate brokers, sales associates, and schools and is supplemented by rules in F.A.C 61J What is the administrative fine for violations of rules and laws under the administration of the Department?
Theft or reproduction of state exam questions and answers is what class of offense? A. A third-degree felony B. A second-degree misdemeanor C. A second-degree felony D. A first-degree misdemeanor - correct answer - A. A third-degree felony What are the quasi-legislative powers of the Commission? A. The power to make and pass rules that regulate licensees and the real estate profession B. The power to make rules that supersede laws of the state of Florida C. The power to make and pass rules in F.A.C. 61J D. The power to make and pass laws that regulate licensees and the real estate profession - correct answer - A. The power to make and pass rules that regulate licensees and the real estate profession What are the ministerial powers of the Commission?
A. Notifying licensees of continuing education and renewal requirements B. Ensuring the equitable application of disciplinary actions C. Record keeping and clerical Functions D. Reviewing and approving real estate school curricula - correct answer - C. Record keeping and clerical Functions Which power allows the Commission to impose disciplinary action for violations of Florida real estate laws and rules? A. Executive power B. Quasi-legislative power C. Ministerial power D. Quasi-judicial power - correct answer - D. Quasi-judicial power Which of the following statements about a Commission member's term limits is accurate? A. There is no maximum number of years, as long as no more than two four-year terms are consecutive B. There are no limits on the number of years or consecutive terms of office C. A commission member may serve no more than eight years
When does a real estate license become active? A. On the date the applicant receives official notification that he or she has passed the state exam B. When the licensee obtains employment and files employment information with the Division C. On the date the licensee receives official notification that his or her license is active D. When the licensee files a request with the Division to activate his or her license - correct answer - B. When the licensee obtains employment and files employment information with the Division If an initial license became valid on November 1, 2021, when will it expire A. March 31, 2024 B. September 30, 2023 C. March 31, 2023 D. November 1, 2023 - correct answer - B. September 30, 2023 What is the status of a sales associates license if he or she fails to renew their initial license prior to expiration? A. Suspended
B. Null and void C. Involuntary inactive D. Inactive - correct answer - B. Null and void All of the following are circumstances under which a real estate license must be reissued, EXCEPT: A. The license is lost or destroyed B. The licensee's address is changed C. The licensee's name is changed D. The licensee changes employers - correct answer - D. The licensee changes employers What may a broker do to continue practicing real estate after failing to complete his or her post-licensing requirements prior to initial incense expiry? A. Resume practicing as a broker after completing the 14 - hr CE within 6 months of their initial license expiration B. Obtain employment under an actively licensed broker or owner-developer and complete the post-licensing requirements within 6 months of their initial license expiration C. Revert to a sales associate by completing the 14 - hour CE within 6 months of their initial license expiration D. Nothing. The broker must start over by taking the sales associate pre-license course and passing another state exam -
