Gold Coast final exam 2026 Questions
and Answers
actual notice - Correct answer-own it
Constructive notice - Correct answer-record something in public records
How Is Real Estate Recovery Funded ? - Correct answer-by fees & fines
Eminent Domain - Correct answer-government has right to take away public use
citizens can't refuse to sell)
immune properties - Correct answer-government owned
lot & block - Correct answer-residential sub-division surgery system
Metes and Bounds - Correct answer-oldest method of land description & provides
the most accurate type of legal descriptions
What does the Real estate recovery fund do ? - Correct answer-reimburse members
of the public
what is a township... - Correct answer-a township is 6 miles square contains 36
square miles
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, Each township contains ____ acres - Correct answer-640 acres
How many square feet are in an acre? - Correct answer-43,560
kickbacks are illegal unless.. - Correct answer-someone has a licensed
Offer and Acceptance - Correct answer-Meeting of the minds or mutual agreement-
all parties concerned understand and agree to all the terms of the contract
Overimprovement - Correct answer-An addition or change to property not in line
with its highest and best use
statue of frauds - Correct answer-provides protection against fraud in the sale of
real property. requires contract for the transfer of a right or interest in land
statute of limitations (oral contracts) - Correct answer-if contract is entirely oral,
action must be brought within 4 years
statue of limitations (written contracts) - Correct answer-if contract is entirely
written, action must be brought within five years
Sufficient Consideration - Correct answer-either valuable or good consideration
may be sufficient
WILD CARD - Correct answer-Withdrawal, insanity, lapse of time, death of either
party ,counteroffer, acceptance,rejection,destruction of property
©COPYRIGHT 2025, ALL RIGHTS RESERVE 2
and Answers
actual notice - Correct answer-own it
Constructive notice - Correct answer-record something in public records
How Is Real Estate Recovery Funded ? - Correct answer-by fees & fines
Eminent Domain - Correct answer-government has right to take away public use
citizens can't refuse to sell)
immune properties - Correct answer-government owned
lot & block - Correct answer-residential sub-division surgery system
Metes and Bounds - Correct answer-oldest method of land description & provides
the most accurate type of legal descriptions
What does the Real estate recovery fund do ? - Correct answer-reimburse members
of the public
what is a township... - Correct answer-a township is 6 miles square contains 36
square miles
©COPYRIGHT 2025, ALL RIGHTS RESERVE 1
, Each township contains ____ acres - Correct answer-640 acres
How many square feet are in an acre? - Correct answer-43,560
kickbacks are illegal unless.. - Correct answer-someone has a licensed
Offer and Acceptance - Correct answer-Meeting of the minds or mutual agreement-
all parties concerned understand and agree to all the terms of the contract
Overimprovement - Correct answer-An addition or change to property not in line
with its highest and best use
statue of frauds - Correct answer-provides protection against fraud in the sale of
real property. requires contract for the transfer of a right or interest in land
statute of limitations (oral contracts) - Correct answer-if contract is entirely oral,
action must be brought within 4 years
statue of limitations (written contracts) - Correct answer-if contract is entirely
written, action must be brought within five years
Sufficient Consideration - Correct answer-either valuable or good consideration
may be sufficient
WILD CARD - Correct answer-Withdrawal, insanity, lapse of time, death of either
party ,counteroffer, acceptance,rejection,destruction of property
©COPYRIGHT 2025, ALL RIGHTS RESERVE 2
