EOC test for gold coast real estate course| Questions and Answers, 100% Verified| Newly updated version 2023/2024
what are the 3 areas that a licensee are required to have expert knowledge?
property transfer, valuation, marketing
when a developer acquires a large tract of land and records a subdivision play map,
and uses a model center from which sales are made is called?
tract building
focusing on one type or style of property or a particular neighborhood
farming/farm area
sales associate who wishes to apply to be a broker must have
24 months under one or more actively licensed brokers within the preceding 5
years
an applicant for a broker license may choose to continue employment in a sales
associate capacity with a current employer is called
broker associate
if a broker associate become inactive, their license status will be changed to
inactive broker license
an applicant for a florida real estate is not required to be a
resident of florida or a citizen of the U.S.
if application is denied, the applicant will be notified in writing and it will identify
what?
reasons for denial and state that they have 21 days to request a formal hearing
brokers are _________ and __________ with the department
registered, licensed
an owner-developer may register with the department but does not receive a ?
license
sales associate must complete hour many hour post license course
45 hour
if failure to complete 45-hour post license course there is __ _______ ________.
no grace period
all active or inactive licensees must complete
14 hours of continued education and pay a renewal fee
persons who are granted authority under a power of attorney to act for others in
some capacity
attorneys-in-fact
a tenant of an apartment community may receive up to 50$ cash, personal property
or credit toward rent for ?
a referral of a new tenant
the department may seek an __________ from a court against a licensee for failure
to follow a department order.
injunction
administrative fines from the department may not exceed
$5000 per offense
first renewal following initial license, licensees must renew by completing the
post-licensing requirements prior to?
the expiration date of the initial license
failure to renew license for first renewal will result in
null and void license status
failure to renew a license prior to expiration will put the license into
involuntary inactive status
biennial
every two years
biannual
twice a year
if a licensee decides to no longer practice real estate, they could return the license
to the department, the license would be
cancelled
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