Gold Coast Real Estate Final Exam fully solved 2024/2025

Gold Coast Real Estate Final Exam What records a deed in public records? - correct answer Constructive Notice What replenishes the real estate recovery fund? - correct answer Fines and fees T/F: Shopping centers and movie theaters are not a good reason for eminent domain - correct answer True What is the lot and block method best used for? - correct answer Residential subdivisions What are immune from property taxes? - correct answer County court houses, airports, and schools T/F: All offers written and oral must be disclosed - correct answer True What is not a part of RESPA (Real Estate Settlement Procedures Act)? - correct answer Lead-Based Paint Disclosure What is an example of an over-improvement? - correct answer An expensive addition to a home Who does a transaction broker provide limited representation to? - correct answer A buyer, a seller, or both If someone besides the original owner is to receive the ownership, it is called a ___________ - correct answer Remainder Estate What protects a spouse from being harmed by an unfair will? - correct answer Elective Shares If you move out of the state, who do you notify and how long do you have to do so? - correct answer FREC, within 60 days What is the grace period if you don't complete your post-license education? - correct answer There is no grace period Not showing minorities houses in certain cities is an example of what? - correct answer Steering What is a month-to-month agreement? - correct answer A tenancy-at-will T/F: Separate property before marriage could be considered a non-marital asset. - correct answer True Who assigns the Assessor's Parcel Notice (APN)? - correct answer County Property Appraisers What does an estate-by-the-entireties who gets a divorce create? - correct answer A tenancy-in-common T/F: A salaried employee working for an apartment complex is exempt from real estate licensure - correct answer True If a corporation wants to buy and sell properties, does it need to register with the DBPR? - correct answer No Who gets any surplus money leftover after the sale of a home at a public auction after a default? A. Buyer B. Mortgagee C. Mortgagor D. The auctioneer - correct answer C. The mortgagor Section 36 is north of ________ - correct answer Section 1