Gold Coast Real Estate Associate Pre-
License Class Final Exam / Gold Coast Real
Estate Associate Pre-License Final Exam
Joint Venture - ---✔✔✔ANSWER----two or more parties combine to join
efforts
the right of government to take private property for public use - ---
✔✔✔ANSWER----eminent domain
quitclaim deed is best for - ---✔✔✔ANSWER----grantor
, A Claim from Real Estate recovery fund - ---✔✔✔ANSWER----Is not an
option as a remedy in a breach of Contract
If Applicant has license denied - ---✔✔✔ANSWER----Must be notified in
writing of reason and advised of their rights
Going Concern - ---✔✔✔ANSWER----Appraising Profitable Business
Exclusive right of sale listing - ---✔✔✔ANSWER----Best for broker, they get
paid regardless of who sells the property
eminent domain - ---✔✔✔ANSWER----Is not for large shopping centers or
movie theaters
Sales Associates can only bring legal action for unpaid commission against - ---
✔✔✔ANSWER----Broker that employed them when they earned it
What are the FHA qualifying Ratios? - ---✔✔✔ANSWER----Expense 31%,
total obligation 43%
State documentary stamp tax on deed, (outside of Dade County) is 70 cents per
$100 of the sale price, plus 70 cents for any factional part of $100 of sales price. -
---✔✔✔ANSWER----Formula:
License Class Final Exam / Gold Coast Real
Estate Associate Pre-License Final Exam
Joint Venture - ---✔✔✔ANSWER----two or more parties combine to join
efforts
the right of government to take private property for public use - ---
✔✔✔ANSWER----eminent domain
quitclaim deed is best for - ---✔✔✔ANSWER----grantor
, A Claim from Real Estate recovery fund - ---✔✔✔ANSWER----Is not an
option as a remedy in a breach of Contract
If Applicant has license denied - ---✔✔✔ANSWER----Must be notified in
writing of reason and advised of their rights
Going Concern - ---✔✔✔ANSWER----Appraising Profitable Business
Exclusive right of sale listing - ---✔✔✔ANSWER----Best for broker, they get
paid regardless of who sells the property
eminent domain - ---✔✔✔ANSWER----Is not for large shopping centers or
movie theaters
Sales Associates can only bring legal action for unpaid commission against - ---
✔✔✔ANSWER----Broker that employed them when they earned it
What are the FHA qualifying Ratios? - ---✔✔✔ANSWER----Expense 31%,
total obligation 43%
State documentary stamp tax on deed, (outside of Dade County) is 70 cents per
$100 of the sale price, plus 70 cents for any factional part of $100 of sales price. -
---✔✔✔ANSWER----Formula:
