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Gold Coast 45 Hour Exam (Exam Version H 2023) Questions and Complete Solutions Graded A+.
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Gold Coast 45 Hour Exam (Exam Version H 2023) Questions and Complete Solutions Graded A+.
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Gold Coast 45 Hour Exam(Exam Version H 2023)
Questions and Complete
Solutions Graded A+
Property managers who are employed and compensated by community associations are required to
obtain and maintain which type of license? - Answer: CAM
What term is used for the practice of specializing in one particular residential neighborhood or type of
property? - Answer: Farming
upon closing a sales transaction who pays the sales associate their contracted commission? - Answer:
Employing Broker
Home sold for $250k with a garage, a home sold in the area for $230k with no garage. From this
information what can you determine the approximate value of the garage is? - Answer: $20000
which source will most likely produce the greatest # of potential buyers for a listing? - Answer: Putting
your listing on the MLS
The NAR code of ethics specifies duties of real-estate professionals according to ethical standard of
conduct. All of the following except? - Answer: Duties
What is primary purpose of building code regulations? - Answer: to protect public health, safety and
general welfare
which auction system is involved with the enforcement of liens due to borrower default? - Answer:
Courthouse Auction
, Which type of listing allows an owner to list his or her property with more than one broker? - Answer:
Open Listing
Which investment term refers to an asset that cannot be sold quickly without lowering the price? -
Answer: illiquid
Which home staging and prep tip is suggested to help make home more appealing? - Answer: Brighten
room, cleaning window & turning on lights
What does a "double entry" refer to on a closing disclosure statement? - Answer: Expenses between two
parties to the transaction, with no third party involved.
What are the benefits of using a VA loan in a transaction? - Answer: little to no money down and low
interest rates
What type of brokerage business specializes in selling or leasing income-producing properties such as
malls, offices, restaurants, gas stations, and office towers? - Answer: Commercial Brokerage
Which of the following statement best describes the practice of steering? - Answer: Is the practice of
directing homebuyers toward or away from homes in certain neighborhoods or in a multiunit building in
order to preserve or alter the makeup of that neighborhood with respect to race, religion, sex, or
national origin.
It is important to qualify a seller by asking questions to understand there motive and expectations. All of
the following would be good questions except? - Answer:
A pool cost $25,000 to install on a property, but only adds $15,000 to the appraised value of the
p[roperty. This is an example of which appraisal principle? - Answer: Contribution appraisal
What two elements must be present in a contract to achieve complete agreement? - Answer: Meeting
of Minds
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