Accurate Questions
Gold Coast Real Estate Final Exam
with Correct Detailed Solutions |
Latest Updated Version | High Pass
Success
Prepare effectively and boost your confidence with this Premium Final Exam Study Guide,
designed to help students review important concepts, strengthen understanding, and improve
overall exam performance.
This comprehensive resource contains accurate exam-style questions with correct detailed
solutions, carefully organized to reflect commonly tested topics and real exam standards. Each
solution includes clear explanations to help simplify difficult concepts, reinforce learning, and
improve problem-solving skills.
The guide is structured in an easy-to-follow format that supports both early preparation and last-
minute revision, making studying more efficient and less stressful.
🔥 Key Highlights
✔ Accurate exam questions covering essential topics
✔ Correct detailed solutions with clear explanations
✔ Focused review of frequently tested concepts
✔ Simple and organized structure for fast revision
✔ Latest updated version for reliable exam preparation
🚀 Why Students Prefer This Guide
• Helps improve understanding of key concepts
• Supports efficient and effective revision
• Strengthens confidence before exams
• Provides realistic exam-style practice
• Helps identify and improve weak areas
,🎯 Perfect For
• Final exam preparation
• Midterm and course revision
• Last-minute study sessions
• Practicing exam-style questions
• Improving overall academic performance
📚 A trusted and practical study resource designed to help students prepare smarter, stay
confident, and achieve exam success.
What records a deed in public records? - ANSWER ✅✅✅✅Constructive Notice
What replenishes the real estate recovery fund? - ANSWER ✅✅✅✅Fines and fees
T/F: Shopping centers and movie theaters are not a good reason for eminent domain -
ANSWER ✅✅✅✅True
What is the lot and block method best used for? - ANSWER ✅✅✅✅Residential
subdivisions
What are immune from property taxes? - ANSWER ✅✅✅✅County court houses,
airports, and schools
T/F: All offers written and oral must be disclosed - ANSWER ✅✅✅✅True
What is not a part of RESPA (Real Estate Settlement Procedures Act)? - ANSWER
✅✅✅✅Lead-Based Paint Disclosure
What is an example of an over-improvement? - ANSWER ✅✅✅✅An expensive
addition to a home
Who does a transaction broker provide limited representation to? - ANSWER ✅✅✅✅A
buyer, a seller, or both
,If someone besides the original owner is to receive the ownership, it is called a
___________ - ANSWER ✅✅✅✅Remainder Estate
What protects a spouse from being harmed by an unfair will? - ANSWER
✅✅✅✅Elective Shares
If you move out of the state, who do you notify and how long do you have to do so? -
ANSWER ✅✅✅✅FREC, within 60 days
What is the grace period if you don't complete your post-license education? - ANSWER
✅✅✅✅There is no grace period
Not showing minorities houses in certain cities is an example of what? - ANSWER
✅✅✅✅Steering
What is a month-to-month agreement? - ANSWER ✅✅✅✅A tenancy-at-will
T/F: Separate property before marriage could be considered a non-marital asset. -
ANSWER ✅✅✅✅True
Who assigns the Assessor's Parcel Notice (APN)? - ANSWER ✅✅✅✅County
Property Appraisers
What does an estate-by-the-entireties who gets a divorce create? - ANSWER
✅✅✅✅A tenancy-in-common
T/F: A salaried employee working for an apartment complex is exempt from real estate
licensure - ANSWER ✅✅✅✅True
If a corporation wants to buy and sell properties, does it need to register with the
DBPR? - ANSWER ✅✅✅✅No
Who gets any surplus money leftover after the sale of a home at a public auction after a
default?
A. Buyer
B. Mortgagee
C. Mortgagor
D. The auctioneer - ANSWER ✅✅✅✅C. The mortgagor
Section 36 is north of ________ - ANSWER ✅✅✅✅Section 1
Adverse possession, escheat, and eminent domain are all examples of what? -
ANSWER ✅✅✅✅Involuntary alienation
, What is required to create a valid real estate contract? - ANSWER ✅✅✅✅Offer and
Acceptance
What is an example of a static risk? - ANSWER ✅✅✅✅A fire
What must be disclosed on a real estate application? - ANSWER ✅✅✅✅Convictions
A net lease includes a tenant paying fixed rent plus _____, _____, and _____ -
ANSWER ✅✅✅✅Taxes, insurance, and maintenance
If net operating income increases and capitalization rate stays the same, the value will
A. Increase
B. Decrease
C. Stay the same
D. There is not enough information to know - ANSWER ✅✅✅✅A. Increase
What does real property include? - ANSWER ✅✅✅✅Physical land, improvements,
and ownership rights
How long can a licensee stay involuntary inactive for?
A. 6 months
B. indefinitely
C. 2 years
D. 10 Years - ANSWER ✅✅✅✅C. 2 years
What must an agent receiving a postdated check do? - ANSWER ✅✅✅✅Fist, the
agent must get permission from the seller. Then, the agent must turn it over to their
broker by the next business day.
What is the highest and best of real estate? - ANSWER ✅✅✅✅The greatest return on
future use of the land and improvements
How is stamp tax on the deed calculated?
A. $0.35 per $100 of the sales price plus $0.35 for any fractional parts of the sales price
B. $0.35 per $100 of the sales price only
C. $0.70 per $100 of the sales price only
D. $0.70 per $100 of the sales price plus $0.70 for any fractional parts of the sales price
- ANSWER ✅✅✅✅D. $0.70 per $100 of the sales price plus $0.70 for any fractional
parts of the sales price
What must any office that a broker conducts real estate business out of other than a
temporary shelter be registered as?
A. No registry is required
B. Main office
C. Branch office
Gold Coast Real Estate Final Exam
with Correct Detailed Solutions |
Latest Updated Version | High Pass
Success
Prepare effectively and boost your confidence with this Premium Final Exam Study Guide,
designed to help students review important concepts, strengthen understanding, and improve
overall exam performance.
This comprehensive resource contains accurate exam-style questions with correct detailed
solutions, carefully organized to reflect commonly tested topics and real exam standards. Each
solution includes clear explanations to help simplify difficult concepts, reinforce learning, and
improve problem-solving skills.
The guide is structured in an easy-to-follow format that supports both early preparation and last-
minute revision, making studying more efficient and less stressful.
🔥 Key Highlights
✔ Accurate exam questions covering essential topics
✔ Correct detailed solutions with clear explanations
✔ Focused review of frequently tested concepts
✔ Simple and organized structure for fast revision
✔ Latest updated version for reliable exam preparation
🚀 Why Students Prefer This Guide
• Helps improve understanding of key concepts
• Supports efficient and effective revision
• Strengthens confidence before exams
• Provides realistic exam-style practice
• Helps identify and improve weak areas
,🎯 Perfect For
• Final exam preparation
• Midterm and course revision
• Last-minute study sessions
• Practicing exam-style questions
• Improving overall academic performance
📚 A trusted and practical study resource designed to help students prepare smarter, stay
confident, and achieve exam success.
What records a deed in public records? - ANSWER ✅✅✅✅Constructive Notice
What replenishes the real estate recovery fund? - ANSWER ✅✅✅✅Fines and fees
T/F: Shopping centers and movie theaters are not a good reason for eminent domain -
ANSWER ✅✅✅✅True
What is the lot and block method best used for? - ANSWER ✅✅✅✅Residential
subdivisions
What are immune from property taxes? - ANSWER ✅✅✅✅County court houses,
airports, and schools
T/F: All offers written and oral must be disclosed - ANSWER ✅✅✅✅True
What is not a part of RESPA (Real Estate Settlement Procedures Act)? - ANSWER
✅✅✅✅Lead-Based Paint Disclosure
What is an example of an over-improvement? - ANSWER ✅✅✅✅An expensive
addition to a home
Who does a transaction broker provide limited representation to? - ANSWER ✅✅✅✅A
buyer, a seller, or both
,If someone besides the original owner is to receive the ownership, it is called a
___________ - ANSWER ✅✅✅✅Remainder Estate
What protects a spouse from being harmed by an unfair will? - ANSWER
✅✅✅✅Elective Shares
If you move out of the state, who do you notify and how long do you have to do so? -
ANSWER ✅✅✅✅FREC, within 60 days
What is the grace period if you don't complete your post-license education? - ANSWER
✅✅✅✅There is no grace period
Not showing minorities houses in certain cities is an example of what? - ANSWER
✅✅✅✅Steering
What is a month-to-month agreement? - ANSWER ✅✅✅✅A tenancy-at-will
T/F: Separate property before marriage could be considered a non-marital asset. -
ANSWER ✅✅✅✅True
Who assigns the Assessor's Parcel Notice (APN)? - ANSWER ✅✅✅✅County
Property Appraisers
What does an estate-by-the-entireties who gets a divorce create? - ANSWER
✅✅✅✅A tenancy-in-common
T/F: A salaried employee working for an apartment complex is exempt from real estate
licensure - ANSWER ✅✅✅✅True
If a corporation wants to buy and sell properties, does it need to register with the
DBPR? - ANSWER ✅✅✅✅No
Who gets any surplus money leftover after the sale of a home at a public auction after a
default?
A. Buyer
B. Mortgagee
C. Mortgagor
D. The auctioneer - ANSWER ✅✅✅✅C. The mortgagor
Section 36 is north of ________ - ANSWER ✅✅✅✅Section 1
Adverse possession, escheat, and eminent domain are all examples of what? -
ANSWER ✅✅✅✅Involuntary alienation
, What is required to create a valid real estate contract? - ANSWER ✅✅✅✅Offer and
Acceptance
What is an example of a static risk? - ANSWER ✅✅✅✅A fire
What must be disclosed on a real estate application? - ANSWER ✅✅✅✅Convictions
A net lease includes a tenant paying fixed rent plus _____, _____, and _____ -
ANSWER ✅✅✅✅Taxes, insurance, and maintenance
If net operating income increases and capitalization rate stays the same, the value will
A. Increase
B. Decrease
C. Stay the same
D. There is not enough information to know - ANSWER ✅✅✅✅A. Increase
What does real property include? - ANSWER ✅✅✅✅Physical land, improvements,
and ownership rights
How long can a licensee stay involuntary inactive for?
A. 6 months
B. indefinitely
C. 2 years
D. 10 Years - ANSWER ✅✅✅✅C. 2 years
What must an agent receiving a postdated check do? - ANSWER ✅✅✅✅Fist, the
agent must get permission from the seller. Then, the agent must turn it over to their
broker by the next business day.
What is the highest and best of real estate? - ANSWER ✅✅✅✅The greatest return on
future use of the land and improvements
How is stamp tax on the deed calculated?
A. $0.35 per $100 of the sales price plus $0.35 for any fractional parts of the sales price
B. $0.35 per $100 of the sales price only
C. $0.70 per $100 of the sales price only
D. $0.70 per $100 of the sales price plus $0.70 for any fractional parts of the sales price
- ANSWER ✅✅✅✅D. $0.70 per $100 of the sales price plus $0.70 for any fractional
parts of the sales price
What must any office that a broker conducts real estate business out of other than a
temporary shelter be registered as?
A. No registry is required
B. Main office
C. Branch office
