Gold Coast 45 Hour Exam
Questions and Guide Answers
100% Verified Graded A+
1. Property managers who are employed and compensated by community
associations are required to obtain and maintain which type of license?
Answer: CAM
2. What term is used for the practice of specializing in one particular residential
neighborhood or type of property?
Answer: Farming
3. empty
Answer:
4. upon closing a sales transaction who pays the sales associate their contract- ed
commission?
Answer: Employing Broker
,5. Home sold for $250k with a garage, a home sold in the area for $230k with no garage.
From this information what can you determine the approximate value of the garage
is?
Answer: $20000
6. which source will most likely produce the greatest # of potential buyers for a listing?
Answer: Putting your listing on the MLS
7. The NAR code of ethics specifies duties of real-estate professionals accord- ing to
ethical standard of conduct. All of the following except?
Answer: Duties
8. What is primary purpose of building code regulations?
Answer: to protect public health, safety
and general welfare
9. which auction system is involved with the enforcement of liens due to borrower
default?
Answer: Courthouse Auction
10. Which type of listing allows an owner to list his or her property with more than one
broker?
Answer: Open Listing
11. Which investment term refers to an asset that cannot be sold quickly without
, lowering the price?
Answer: illiquid
12. Which home staging and prep tip is suggested to help make home more appealing?
Answer: Brighten room, cleaning window & turning on lights
13. What does a "double entry" refer to on a closing disclosure statement?
Answer: Ex-
penses between two parties to the transaction, with no third party involved.
14. What are the benefits of using a VA loan in a transaction?
Answer: little to no money down and low interest rates
15. What type of brokerage business specializes in selling or leasing in- come-
producing properties such as malls, offices, restaurants, gas stations, and office towers?
Answer: Commercial Brokerage
16. Which of the following statement best describes the practice of steering?
Answer: Is the practice of directing homebuyers toward or away from homes in certain neighborhoods or in a
multiunit building in order to preserve or alter the makeup of that neighborhood with respect to race, religion, sex, or
national origin.
17. It is important to qualify a seller by asking questions to understand there motive
and expectations. All of the following would be good questions ex- cept?
Answer:
Questions and Guide Answers
100% Verified Graded A+
1. Property managers who are employed and compensated by community
associations are required to obtain and maintain which type of license?
Answer: CAM
2. What term is used for the practice of specializing in one particular residential
neighborhood or type of property?
Answer: Farming
3. empty
Answer:
4. upon closing a sales transaction who pays the sales associate their contract- ed
commission?
Answer: Employing Broker
,5. Home sold for $250k with a garage, a home sold in the area for $230k with no garage.
From this information what can you determine the approximate value of the garage
is?
Answer: $20000
6. which source will most likely produce the greatest # of potential buyers for a listing?
Answer: Putting your listing on the MLS
7. The NAR code of ethics specifies duties of real-estate professionals accord- ing to
ethical standard of conduct. All of the following except?
Answer: Duties
8. What is primary purpose of building code regulations?
Answer: to protect public health, safety
and general welfare
9. which auction system is involved with the enforcement of liens due to borrower
default?
Answer: Courthouse Auction
10. Which type of listing allows an owner to list his or her property with more than one
broker?
Answer: Open Listing
11. Which investment term refers to an asset that cannot be sold quickly without
, lowering the price?
Answer: illiquid
12. Which home staging and prep tip is suggested to help make home more appealing?
Answer: Brighten room, cleaning window & turning on lights
13. What does a "double entry" refer to on a closing disclosure statement?
Answer: Ex-
penses between two parties to the transaction, with no third party involved.
14. What are the benefits of using a VA loan in a transaction?
Answer: little to no money down and low interest rates
15. What type of brokerage business specializes in selling or leasing in- come-
producing properties such as malls, offices, restaurants, gas stations, and office towers?
Answer: Commercial Brokerage
16. Which of the following statement best describes the practice of steering?
Answer: Is the practice of directing homebuyers toward or away from homes in certain neighborhoods or in a
multiunit building in order to preserve or alter the makeup of that neighborhood with respect to race, religion, sex, or
national origin.
17. It is important to qualify a seller by asking questions to understand there motive
and expectations. All of the following would be good questions ex- cept?
Answer:
