GOLD COAST REAL ESTATE - ACTUAL EXAM
COMPLETE QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED ANSWERS)
|ALREADY GRADED A+||BRAND NEW!!
Which of the following statements is true regarding a mortgage loan originator
(MLO)?
(a) A mortgage loan originator is the same as a mortgage broker.
(b) A mortgage loan originator must have a separate license.
(c) A mortgage loan originator makes loans.
(d) A mortgage loan originator must have a real estate license. - (b) A
mortgage loan originator must have a separate license.
A real estate appraiser's fee for professional service is based on which of the
following?
(a) A percentage of the property's gross income.
(b) A percentage of the fair market value of the property.
(c) The time and difficulty of the appraisal.
(d) A percentage of the property's sales price. - (c) The time and difficulty
of the appraisal.
Which of the following best describes the real estate brokerage business?
, (a) Service business
(b) Simple business
(c) Business with few opportunities available
(d) Construction business - (a) Service business
When a developer completes construction of a new subdivision, all streets,
electric, water, and sewer installation are finished and deeded to the city or
county. What is this process called?
(a) A quit claim deed
(b) An easement
(c) Dedication
(d) Annexation - (c) Dedication
All of the following are responsibilities of a property manager, EXCEPT:
(a) Renting property for an absentee owner
(b) Collecting rent
(c) Overseeing maintenance
(d) Preparing leases - (d) Preparing leases
What does the term "farming" refer to in real estate?
(a) Specializing in one geographic area
(b) Working in a cooperative manner
COMPLETE QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED ANSWERS)
|ALREADY GRADED A+||BRAND NEW!!
Which of the following statements is true regarding a mortgage loan originator
(MLO)?
(a) A mortgage loan originator is the same as a mortgage broker.
(b) A mortgage loan originator must have a separate license.
(c) A mortgage loan originator makes loans.
(d) A mortgage loan originator must have a real estate license. - (b) A
mortgage loan originator must have a separate license.
A real estate appraiser's fee for professional service is based on which of the
following?
(a) A percentage of the property's gross income.
(b) A percentage of the fair market value of the property.
(c) The time and difficulty of the appraisal.
(d) A percentage of the property's sales price. - (c) The time and difficulty
of the appraisal.
Which of the following best describes the real estate brokerage business?
, (a) Service business
(b) Simple business
(c) Business with few opportunities available
(d) Construction business - (a) Service business
When a developer completes construction of a new subdivision, all streets,
electric, water, and sewer installation are finished and deeded to the city or
county. What is this process called?
(a) A quit claim deed
(b) An easement
(c) Dedication
(d) Annexation - (c) Dedication
All of the following are responsibilities of a property manager, EXCEPT:
(a) Renting property for an absentee owner
(b) Collecting rent
(c) Overseeing maintenance
(d) Preparing leases - (d) Preparing leases
What does the term "farming" refer to in real estate?
(a) Specializing in one geographic area
(b) Working in a cooperative manner
