GOLD COAST RE 1001 CRAM PRACTICE MATH
AND FINAL 2026 EXAM REVIEW STUDY GUIDE
BUNDLED QUESTIONS AND ANSWERS
PREMIUM
◉ Broker refuses to pay a commission due. Answer: Charged with
Failure to Account
◉ $50,000. Answer: Single judgement from Real Estate Recovery
Fund
◉ Post-dated check. Answer: Legal- give to broker immediately
◉ Business known as a company. Answer: is a corporation for profit
◉ Broker represents as escrow agent. Answer: Buyer and seller
◉ Expert knowledge by RE licensees. Answer: Valuation, Marketing,
Property Transfer
◉ Financial protection due to defective title. Answer: Title insurance
,◉ 1 bath in a 4 bed home. Answer: functional obsolescence
◉ Least effective method of the FED Reserve. Answer: Changing the
discount rate
◉ Seeking testimony from a witness. Answer: Administrative law
judge will subpoena
◉ Tenant in property with temporary agreement. Answer: Tenancy
at will
◉ Cannot comply with legal instructions. Answer: Withdraw from
the transaction
◉ Developer conveys ownership-streets etc.. Answer: Dedication
◉ Deed Promise- no hostile claims made. Answer: Warrant of quiet
enjoyment
◉ In closing statement title insurance. Answer: not prorated
◉ No brokerage relationship. Answer: Customer refused
representation
, ◉ sales associate leaves broker and joins another. Answer: must
obtain a reissue of license with new broker
◉ Chairperson of FREC powers. Answer: Executive
◉ Issued by owner-employer multiple location. Answer: Group
license
◉ Lien Theory State. Answer: Title held by mortgagor (borrower)
◉ Most important factor for investment. Answer: economic
soundness
◉ expenses of buyer/seller to 3rd party. Answer: On closing
statement, entered a debits
◉ Joint Tenancy. Answer: Possession, interest, time & title (PITT)
◉ Inducing to list/sell - minorities moving in. Answer: Blockbusting
◉ Policy and procedures manual. Answer: Helpful but not required
by law
AND FINAL 2026 EXAM REVIEW STUDY GUIDE
BUNDLED QUESTIONS AND ANSWERS
PREMIUM
◉ Broker refuses to pay a commission due. Answer: Charged with
Failure to Account
◉ $50,000. Answer: Single judgement from Real Estate Recovery
Fund
◉ Post-dated check. Answer: Legal- give to broker immediately
◉ Business known as a company. Answer: is a corporation for profit
◉ Broker represents as escrow agent. Answer: Buyer and seller
◉ Expert knowledge by RE licensees. Answer: Valuation, Marketing,
Property Transfer
◉ Financial protection due to defective title. Answer: Title insurance
,◉ 1 bath in a 4 bed home. Answer: functional obsolescence
◉ Least effective method of the FED Reserve. Answer: Changing the
discount rate
◉ Seeking testimony from a witness. Answer: Administrative law
judge will subpoena
◉ Tenant in property with temporary agreement. Answer: Tenancy
at will
◉ Cannot comply with legal instructions. Answer: Withdraw from
the transaction
◉ Developer conveys ownership-streets etc.. Answer: Dedication
◉ Deed Promise- no hostile claims made. Answer: Warrant of quiet
enjoyment
◉ In closing statement title insurance. Answer: not prorated
◉ No brokerage relationship. Answer: Customer refused
representation
, ◉ sales associate leaves broker and joins another. Answer: must
obtain a reissue of license with new broker
◉ Chairperson of FREC powers. Answer: Executive
◉ Issued by owner-employer multiple location. Answer: Group
license
◉ Lien Theory State. Answer: Title held by mortgagor (borrower)
◉ Most important factor for investment. Answer: economic
soundness
◉ expenses of buyer/seller to 3rd party. Answer: On closing
statement, entered a debits
◉ Joint Tenancy. Answer: Possession, interest, time & title (PITT)
◉ Inducing to list/sell - minorities moving in. Answer: Blockbusting
◉ Policy and procedures manual. Answer: Helpful but not required
by law
