Gold Coast Final Exam Questions And Answers

Gold Coast Final Exam Questions And Answers What is the form you sign that says you will pay the loan back ? - ANS promissory note What is the post licensing grace period after first expiration ? - ANS none Deposits is a form of... - ANS valuable consideration Physical land and improvements - ANS real property Is it a violation if a sales associate work for two brokers Monday-Friday, and Saturday and Sunday and getting paid commission from both - ANS Yes What is the maximum fine per offense ? - ANS $5,000 per fine Out of state broker sends a customer, and had no part in the transaction and requests a referral fee, should he expect a commission ? - ANS yes. How many acres in one quarter of a section ? - ANS 160 What do you do when there is conflict in who escrow goes to - ANS notify FREC When do you NOT have to notify FREC about conflict of escrow ? - ANS contingent on the contract T/F Grantee and Grantor has to sign the deed - ANS False What statute has to deal with contracts being in writing ? - ANS Statute of Frauds T/F A broker can have an office an office in a motorhome - ANS false