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Gold Coast Final Exam 2023/2024 Questions & Answers 100% Accurate(Scored A)

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Gold Coast Final Exam 2023/2024 Questions & Answers 100% Accurate(Scored A) What is the form you sign that says you will pay the loan back ? - ANSWER-promissory note 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

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