Gold Coast Final Exam 2025 UPDATE
LATEST EXAM MOST TESTED
QUESTIONS AND VERIFIED ANSWERS
GRADED A+ ASSURED SUCCESS
What is the form you sign that says you will pay the loan back ? - ✔✔promissory
note
What is the post licensing grace period after first expiration ? - ✔✔none
Deposits is a form of... - ✔✔valuable consideration
Physical land and improvements - ✔✔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 - ✔✔Yes
What is the maximum fine per offense ? - ✔✔$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 ? - ✔✔yes.
How many acres in one quarter of a section ? - ✔✔160
What do you do when there is conflict in who escrow goes to - ✔✔notify FREC
When do you NOT have to notify FREC about conflict of escrow ? -
✔✔contingent on the contract
1|Page
©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025.
, T/F Grantee and Grantor has to sign the deed - ✔✔False
What statute has to deal with contracts being in writing ? - ✔✔Statute of Frauds
T/F A broker can have an office an office in a motorhome - ✔✔false
Broker deposits $10,000 of personal funds into escrow account, what is he guilty
of ? - ✔✔commingling
What is the best deed from the grantors POV? - ✔✔Quitclaims Deed
What is the law that states that lenders have to tell you the truth about the
interest rate ? - ✔✔Truth in Lending
What law puts a time limit on contracts ? - ✔✔Statute of Limitation
What is the Statute of Limitation on oral contracts ? - ✔✔4 years
What is used when you exceed 80% loan amount, to insure funds? - ✔✔Private
Mortgage Interest (PMI)
The future use that brings in the highest return on land ? - ✔✔Highest and Best
Use
Which entities that would fund a shopping center ? - ✔✔Life insurance
companies
Someone gives you a property to enjoy till you die is what type of estate ? -
✔✔life estate
2|Page
©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025.
LATEST EXAM MOST TESTED
QUESTIONS AND VERIFIED ANSWERS
GRADED A+ ASSURED SUCCESS
What is the form you sign that says you will pay the loan back ? - ✔✔promissory
note
What is the post licensing grace period after first expiration ? - ✔✔none
Deposits is a form of... - ✔✔valuable consideration
Physical land and improvements - ✔✔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 - ✔✔Yes
What is the maximum fine per offense ? - ✔✔$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 ? - ✔✔yes.
How many acres in one quarter of a section ? - ✔✔160
What do you do when there is conflict in who escrow goes to - ✔✔notify FREC
When do you NOT have to notify FREC about conflict of escrow ? -
✔✔contingent on the contract
1|Page
©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025.
, T/F Grantee and Grantor has to sign the deed - ✔✔False
What statute has to deal with contracts being in writing ? - ✔✔Statute of Frauds
T/F A broker can have an office an office in a motorhome - ✔✔false
Broker deposits $10,000 of personal funds into escrow account, what is he guilty
of ? - ✔✔commingling
What is the best deed from the grantors POV? - ✔✔Quitclaims Deed
What is the law that states that lenders have to tell you the truth about the
interest rate ? - ✔✔Truth in Lending
What law puts a time limit on contracts ? - ✔✔Statute of Limitation
What is the Statute of Limitation on oral contracts ? - ✔✔4 years
What is used when you exceed 80% loan amount, to insure funds? - ✔✔Private
Mortgage Interest (PMI)
The future use that brings in the highest return on land ? - ✔✔Highest and Best
Use
Which entities that would fund a shopping center ? - ✔✔Life insurance
companies
Someone gives you a property to enjoy till you die is what type of estate ? -
✔✔life estate
2|Page
©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025.
