Questions and Detailed Verified Answers 100% Correct| AGRADE
1. A married couple have prequalified for a $300,000
$240,000 conventional mortgage. If they
put 20% down, they can buy a house for
2. What facts need not be disclosed in a real The property was the site of a
estate transaction? homicide.
3. What is a good graphic to show a seller The pricing pyramid
that there will be more activity if the prop-
erty is competitively priced?
4. A home sells for $310,500. Expenses of $100,534
the sale are $4,800. The brokerage fee is
$18,630. Prorations for taxes and inter-
est are $5,036. The mortgage payoff is
$181,500. What are the seller's proceeds
from the sale?
5. Filing a suit to quiet title is used when a title defect is found, which is
difficult to remove by ordinary
means.
6. What are the benefits of restrictive Maintain and enhance value
covenants?
7. What's the downside for a principal who Responsible for the single
has a single agent? agent's acts
8. What is the likely cause of a contract for Unwritten agreement
sale of real estate being ruled as unen-
forceable?
9. Aside from a property's location, what is Highest and best use
the most important factor that influences
market value?
10. The margin is the percentage added to the
index of an adjustable-rate
, 45 Hour Post Licensing Gold Coast Exam
mortgage that results in the
calculated rate.
11. A home sells for $370,000. The mortgage $107,500
payoff is $262,500. What is the seller's eq-
uity?
12. How often do mortgage loan origina- Every year
tors need to have a criminal background
check?
13. A written listing agreement with a self-re- is void.
newing clause
14. When you explain the pricing process dur- the process of closing a sale.
ing a listing presentation, you would NOT
ordinarily discuss
15. What are the three keys to prospecting Organization, numbers, and
success? consistency
16. A sales associate, to test his understand- paraphrasing.
ing of what the customer has said, uses
words that are similar, but not exactly the
same as the customer's. This is called
17. Which party may pay a licensed personal It is not legal to pay a per-
assistant for selling activities? sonal assistant—whether li-
censed or unlicensed—a por-
tion of a real estate commis-
sion.
18. In a relatively new neighborhood with 524 13.7% // 7%. 72 houses sold
homes, 72 houses were sold. The turnover ÷ 524 total homes = .137 or
index in this neighborhood is 13.7%
19. The Florida Realtors/Florida Bar Residen- a residential sale.
tial Contract for Sale and Purchase is best
for