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Gold Coast Final Exam Practice Questions With Verified Answers & Complete Rationales

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GOLD COAST FINAL EXAM PRACTICE QUESTIONS WITH VERIFIED ANSWERS & COMPLETE RATIONALES

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1 | Page



GOLD COAST FINAL EXAM PRACTICE
QUESTIONS WITH VERIFIED
ANSWERS & COMPLETE
RATIONALES

## SECTION 1: REAL ESTATE — PROPERTY LAW &
PRACTICES


**1. What is the oldest method of land description that provides
the most accurate type of legal description?**


A. Lot and Block
B. Metes and Bounds
C. Rectangular Survey
D. Township Grid


**Correct answer:** Metes and Bounds


**Rationale:** Metes and Bounds is the oldest method of land
description and provides the most accurate type of legal
descriptions. Lot and Block is the residential sub-division
survey system.

, 2 | Page

---


**2. How many square feet are in an acre?**


A. 40,000
B. 43,560
C. 36,000
D. 640,000


**Correct answer:** 43,560


**Rationale:** There are 43,560 square feet in one acre. A
township is 6 miles square, contains 36 square miles, and each
section contains 640 acres.


---


**3. Which form of co-ownership includes the right of
survivorship, where each party owns an undivided interest that
passes to the other owners upon death?**


A. Tenancy in Common
B. Joint Tenancy
C. Tenancy in Entireties
D. Estate in Severalty

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