Gold Coast 45 Hour Exam Questions (Exam Version H 2023)

1. Property managers who are employed and compensated by community associations are required to obtain and maintain which type of license? CAM 2. What term is used for the practice of specializing in one particular residential neighbourhood or type of property? Farming 3. upon closing a sales transaction who pays the sales associate their contracted commission? Employing Broker 4. 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? $20000 5. which source will most likely produce the greatest # of potential buyers for a listing? Putting your listing on the MLS 6. The NAR code of ethics specifies duties of real-estate professionals according to ethical standard of conduct. All of the following except? Duties 7. What is primary purpose of building code regulations? to protect public health, safety and general welfare 8. which auction system is involved with the enforcement of liens due to borrower default? Courthouse Auction 9. Which type of listing allows an owner to list his or her property with more than one broker? Open Listing 10.Which investment term refers to an asset that cannot be sold quickly without lowering the price? illiquid