Gold Coast 45 Hour Exam Questions(exam version H 2023)
1. Property managers who are employed and CAM
compensated by community associations are
required to obtain and maintain which type of
license?
2. What term is used for the practice of specializ- Farming
ing in one particular residential neighborhood
or type of property?
3. empty
4. upon closing a sales transaction who pays Employing Broker
the sales associate their contracted commis-
sion?
5. Home sold for $250k with a garage, a home $20000
sold in the area for $230k with no garage.
From this information what can you determine
the approximate value of the garage is?
6. which source will most likely produce the Putting your listing on the
greatest # of potential buyers for a listing? MLS
7. The NAR code of ethics specifies duties of Duties
real-estate professionals according to ethical
standard of conduct. All of the following ex-
cept?
8. What is primary purpose of building code reg- to protect public health,
ulations? safety and general welfare
9. which auction system is involved with the en- Courthouse Auction
forcement of liens due to borrower default?
10. Which type of listing allows an owner to list Open Listing
his or her property with more than one bro-
ker?
11. illiquid
, Gold Coast 45 Hour Exam Questions(exam version H 2023)
Which investment term refers to an asset that
cannot be sold quickly without lowering the
price?
12. Which home staging and prep tip is suggest- Brighten room, cleaning
ed to help make home more appealing? window & turning on lights
13. What does a "double entry" refer to on a clos- Expenses between two
ing disclosure statement? parties to the transaction,
with no third party involved.
14. What are the benefits of using a VA loan in a little to no money down and
transaction? low interest rates
15. What type of brokerage business specializes Commercial Brokerage
in selling or leasing income-producing prop-
erties such as malls, offices, restaurants, gas
stations, and office towers?
16. Which of the following statement best de- Is the practice of direct-
scribes the practice of steering? ing homebuyers toward or
away from homes in cer-
tain neighborhoods or in
a multiunit building in or-
der to preserve or alter the
makeup of that neighbor-
hood with respect to race,
religion, sex, or national ori-
gin.
17. It is important to qualify a seller by asking
questions to understand there motive and ex-
pectations. All of the following would be good
questions except?
18. Which is always actually paid by a buyer?
19. A pool cost $25,000 to install on a property, Contribution appraisal
but only adds $15,000 to the appraised value
1. Property managers who are employed and CAM
compensated by community associations are
required to obtain and maintain which type of
license?
2. What term is used for the practice of specializ- Farming
ing in one particular residential neighborhood
or type of property?
3. empty
4. upon closing a sales transaction who pays Employing Broker
the sales associate their contracted commis-
sion?
5. Home sold for $250k with a garage, a home $20000
sold in the area for $230k with no garage.
From this information what can you determine
the approximate value of the garage is?
6. which source will most likely produce the Putting your listing on the
greatest # of potential buyers for a listing? MLS
7. The NAR code of ethics specifies duties of Duties
real-estate professionals according to ethical
standard of conduct. All of the following ex-
cept?
8. What is primary purpose of building code reg- to protect public health,
ulations? safety and general welfare
9. which auction system is involved with the en- Courthouse Auction
forcement of liens due to borrower default?
10. Which type of listing allows an owner to list Open Listing
his or her property with more than one bro-
ker?
11. illiquid
, Gold Coast 45 Hour Exam Questions(exam version H 2023)
Which investment term refers to an asset that
cannot be sold quickly without lowering the
price?
12. Which home staging and prep tip is suggest- Brighten room, cleaning
ed to help make home more appealing? window & turning on lights
13. What does a "double entry" refer to on a clos- Expenses between two
ing disclosure statement? parties to the transaction,
with no third party involved.
14. What are the benefits of using a VA loan in a little to no money down and
transaction? low interest rates
15. What type of brokerage business specializes Commercial Brokerage
in selling or leasing income-producing prop-
erties such as malls, offices, restaurants, gas
stations, and office towers?
16. Which of the following statement best de- Is the practice of direct-
scribes the practice of steering? ing homebuyers toward or
away from homes in cer-
tain neighborhoods or in
a multiunit building in or-
der to preserve or alter the
makeup of that neighbor-
hood with respect to race,
religion, sex, or national ori-
gin.
17. It is important to qualify a seller by asking
questions to understand there motive and ex-
pectations. All of the following would be good
questions except?
18. Which is always actually paid by a buyer?
19. A pool cost $25,000 to install on a property, Contribution appraisal
but only adds $15,000 to the appraised value
