Gold Coast Real Estate Final Exam Questions And Answers Latest Update 2024 (Graded)

What is It called when a Developer builds a center in track where sales are made? {Ans: Track Building}How many acres are in a section? {Ans: 640 acres}What is net lease? {Ans: tenant pays rent for a commercial shopping center}What is mutual recognition? {Ans: When you take the real estate license in one state and want It to account for the state your moving to.}What is Farming? {Ans: Agent dominates specific area/neighborhood/town Also known as door to door.}What is percentage lease? {Ans: tenant pays rent for mall center}What is your first renewal as a sales associate and after how long? {Ans: Post renewal after 2yrs and 18mos}What is a broker associate? {Ans: Broker that is licensed but working under another broker}What is the name of the course to become a broker? {Ans: FREC 2}What do you need to qualify for FL Real Estate License? {Ans: 18yrs of age and no criminal history, you dont need to be FL resident or US citizen}How big Is a township? {Ans: 6 sq miles 36 sections 1 section = 640 acres}How many hours for FREC 1 and how many for FREC 2