Gold Coast 45 Hour Exam Questions (Exam Version 2023/2024) with Complete Solutions(GRADED A)

Property managers who are employed and compensated by community associations are required to obtain and maintain which type of license? - ANSWER-CAM What term is used for the practice of specializing in one particular residential neighborhood or type of property? - ANSWER-Farming empty - ANSWER- upon closing a sales transaction who pays the sales associate their contracted commission? - ANSWER-Employing Broker 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 empty - ANSWER- which source will most likely produce the greatest # of potential buyers for a listing? - ANSWER-Putting your listing on the MLS empty - ANSWER- empty - ANSWER- The NAR code of ethics specifies duties of real-estate professionals according to ethical standard of conduct. All of the following except? - ANSWER-Duties empty - ANSWER- empty - ANSWER- What is primary purpose of building code regulations? - ANSWER-to protect public health, safety and general welfare which auction system is involved with the enforcement of liens due to borrower default? - ANSWER-Courthouse Auction