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NEW Gold Coast Real Estate: Chapter 2 100% SOLUTION 2023//2024

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1919: - ANSWER California enacted the first real estate license law 1923: - ANSWER Florida enacted first real estate license law. Ineffective because expensive & time consumption. 1925: - ANSWER FREC was created to administer & enforce law. 1941: - ANSWER Real estate license law was designated as chapter 475 of Florida Statutes 1979 & 1982 - ANSWER FREC was taken out then Reinstated 1988: - ANSWER FS 475 was going under modification, while postlicensing requirements and a program for app...

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UPDATED Gold Coast Real Estate Homework Chapter. 4 100% SOLUTION 2023//2024

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Who owes fiduciary duties in a single agency relationship? (a) The broker only (b) The principal only (c) Both parties (d) Neither party - ANSWER (a) The broker only All of the following activities are exempt from the requirement to provide disclosures under the Brokerage Relationship Disclosure Act, EXCEPT: (a) Sales staff at a new development center (b) Showing property to a party that is not being represented (c) A bona fide open house or model home showing that does not involve elic...

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LATEST Gold Coast Real Estate Chapter 16 100% SOLUTION 2023//2024

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What type of value does an appraiser most commonly estimate? (a) Book (b) Market (c) Insurable (d) Condemnation - ANSWER (b) Market How is investment value best defined? (a) The value to an individual (b) The highest price a property would sell for in an open market (c) The value based on the use of the property (d) The minimum value of a business opportunity - ANSWER (a) The value to an individual Which of the following conditions is necessary for the sales price of a property to equ...

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UPDATED Gold Coast Real Estate Chapter 16 100% SOLUTION 2023//2024

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What type of value does an appraiser most commonly estimate? (a) Book (b) Market (c) Insurable (d) Condemnation - ANSWER (b) Market How is investment value best defined? (a) The value to an individual (b) The highest price a property would sell for in an open market (c) The value based on the use of the property (d) The minimum value of a business opportunity - ANSWER (a) The value to an individual Which of the following conditions is necessary for the sales price of a property to equ...

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LATEST Gold Coast Real Estate 100% SOLUTION 2023//2024

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Tract building - ANSWER When a dev. Acquired land, records a plat map and uses a model center from which sales may be made Local level - ANSWER 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 Broker associate - ANSWER A licensed broker working for another broker False - ANSWER A florida real estate license applicant must be a resident and citi...

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UPDATED GOLD COAST Real Estate 100% SOLUTION 2023//2024

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Farming - ANSWER licensee concentrate on one type or style of property or on one particular neighborhood Farm area or target market - ANSWER Finding and specializing in a particular neighborhood or type of property. Considered to be one of the best ways to succeed in the real estate business Tract building - ANSWER When a developer acquires a large tract of land, records a subdivision plat map, and uses a model center from which sales may be made Local level - ANSWER Government Regulation...

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UPDATED Gold Coast Real Estate Chapter 8 100% SOLUTION 2023//2024

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All of the following estates include legal title to real property, EXCEPT: (a) Tenancy for years (b) Fee simple estate (c) Life estate (d) Tenancy by the entireties - ANSWER (a) Tenancy for years Florida timeshare projects are regulated by which organization? (a) Florida Real Estate Commission (b) Department of Community Affairs (c) Division of Florida Condominiums, Timeshares and Mobile Homes (d) Department of Housing and Urban Development - ANSWER c) Division of Florida Condominiums,...

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