GOLD COAST FINAL EXAM 2026 EXAM PREP
SCRIPT FULL QUESTION SET APPROVED
◉ Constructive notice. Answer: record something in public records
◉ How Is Real Estate Recovery Funded. Answer: by fees & fines
◉ Eminent Domain. Answer: government has right to take away
public use citizens can't refuse to sell)
◉ immune properties. Answer: government owned
◉ lot & block. Answer: residential sub-division surgery system
◉ Metes and Bounds. Answer: oldest method of land description &
provides the most accurate type of legal descriptions
◉ What does the Real estate recovery fund do ?. Answer: reimburse
members of the public
◉ what is a township.... Answer: a township is 6 miles square
contains 36 square miles
, ◉ Each township contains ____ acres. Answer: 640 acres
◉ How many square feet are in an acre?. Answer: 43,560
◉ kickbacks are illegal unless... Answer: someone has a licensed
◉ Offer and Acceptance. Answer: Meeting of the minds or mutual
agreement- all parties concerned understand and agree to all the
terms of the contract
◉ Overimprovement. Answer: An addition or change to property not
in line with its highest and best use
◉ statue of frauds. 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). Answer: if contract is
entirely oral, action must be brought within 4 years
◉ statue of limitations (written contracts). Answer: if contract is
entirely written, action must be brought within five years
SCRIPT FULL QUESTION SET APPROVED
◉ Constructive notice. Answer: record something in public records
◉ How Is Real Estate Recovery Funded. Answer: by fees & fines
◉ Eminent Domain. Answer: government has right to take away
public use citizens can't refuse to sell)
◉ immune properties. Answer: government owned
◉ lot & block. Answer: residential sub-division surgery system
◉ Metes and Bounds. Answer: oldest method of land description &
provides the most accurate type of legal descriptions
◉ What does the Real estate recovery fund do ?. Answer: reimburse
members of the public
◉ what is a township.... Answer: a township is 6 miles square
contains 36 square miles
, ◉ Each township contains ____ acres. Answer: 640 acres
◉ How many square feet are in an acre?. Answer: 43,560
◉ kickbacks are illegal unless... Answer: someone has a licensed
◉ Offer and Acceptance. Answer: Meeting of the minds or mutual
agreement- all parties concerned understand and agree to all the
terms of the contract
◉ Overimprovement. Answer: An addition or change to property not
in line with its highest and best use
◉ statue of frauds. 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). Answer: if contract is
entirely oral, action must be brought within 4 years
◉ statue of limitations (written contracts). Answer: if contract is
entirely written, action must be brought within five years
