GOLD COAST RE 1001 CRAM PRACTICE MATH
AND FINAL 2026 FINAL PAPER COMPLETE
REVISION QUESTIONS WITH FULL SOLUTIONS
◉ What is the post licensing grace period after first expiration ?
Answer: none
◉ Deposits is a form of... Answer: valuable consideration
◉ Physical land and improvements Answer: real property
◉ Is it a violation if a sales associate work for two brokers Monday-
Friday, and Saturday and Sunday and getting paid commission from
both Answer: Yes
◉ What is the maximum fine per offense ? Answer: $5,000 per fine
◉ Out of state broker sends a customer, and had no part in the
transaction and requests a referral fee, should he expect a
commission ? Answer: yes.
◉ How many acres in one quarter of a section ? Answer: 160
, ◉ What do you do when there is conflict in who escrow goes to
Answer: notify FREC
◉ When do you NOT have to notify FREC about conflict of escrow ?
Answer: contingent on the contract
◉ T/F Grantee and Grantor has to sign the deed Answer: False
◉ What statute has to deal with contracts being in writing ? Answer:
Statute of Frauds
◉ T/F A broker can have an office an office in a motorhome Answer:
false
◉ Broker deposits $10,000 of personal funds into escrow account,
what is he guilty of ? Answer: commingling
◉ What is the best deed from the grantors POV? Answer: Quitclaims
Deed
◉ What is the law that states that lenders have to tell you the truth
about the interest rate ? Answer: Truth in Lending
AND FINAL 2026 FINAL PAPER COMPLETE
REVISION QUESTIONS WITH FULL SOLUTIONS
◉ What is the post licensing grace period after first expiration ?
Answer: none
◉ Deposits is a form of... Answer: valuable consideration
◉ Physical land and improvements Answer: real property
◉ Is it a violation if a sales associate work for two brokers Monday-
Friday, and Saturday and Sunday and getting paid commission from
both Answer: Yes
◉ What is the maximum fine per offense ? Answer: $5,000 per fine
◉ Out of state broker sends a customer, and had no part in the
transaction and requests a referral fee, should he expect a
commission ? Answer: yes.
◉ How many acres in one quarter of a section ? Answer: 160
, ◉ What do you do when there is conflict in who escrow goes to
Answer: notify FREC
◉ When do you NOT have to notify FREC about conflict of escrow ?
Answer: contingent on the contract
◉ T/F Grantee and Grantor has to sign the deed Answer: False
◉ What statute has to deal with contracts being in writing ? Answer:
Statute of Frauds
◉ T/F A broker can have an office an office in a motorhome Answer:
false
◉ Broker deposits $10,000 of personal funds into escrow account,
what is he guilty of ? Answer: commingling
◉ What is the best deed from the grantors POV? Answer: Quitclaims
Deed
◉ What is the law that states that lenders have to tell you the truth
about the interest rate ? Answer: Truth in Lending
