45 Hour Post Licensing Gold Coast
Exam MOST TESTED Questions and
Answers 100% Correct| ASSURED
SUCCESS
A married couple have prequalified for a $240,000 conventional mortgage. If
they put 20% down, they can buy a house for - ✔✔$300,000
What facts need not be disclosed in a real estate transaction? - ✔✔The property
was the site of a homicide.
What is a good graphic to show a seller that there will be more activity if the
property is competitively priced? - ✔✔The pricing pyramid
A home sells for $310,500. Expenses of the sale are $4,800. The brokerage fee is
$18,630. Prorations for taxes and interest are $5,036. The mortgage payoff is
$181,500. What are the seller's proceeds from the sale? - ✔✔$100,534
Filing a suit to quiet title is used when - ✔✔a title defect is found, which is
difficult to remove by ordinary means.
What are the benefits of restrictive covenants? - ✔✔Maintain and enhance
value
1|Page
©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025.
, What's the downside for a principal who has a single agent? - ✔✔Responsible
for the single agent's acts
What is the likely cause of a contract for sale of real estate being ruled as
unenforceable? - ✔✔Unwritten agreement
Aside from a property's location, what is the most important factor that
influences market value? - ✔✔Highest and best use
The margin is - ✔✔the percentage added to the index of an adjustable-rate
mortgage that results in the calculated rate.
A home sells for $370,000. The mortgage payoff is $262,500. What is the seller's
equity? - ✔✔$107,500
How often do mortgage loan originators need to have a criminal background
check? - ✔✔Every year
A written listing agreement with a self-renewing clause - ✔✔is void.
When you explain the pricing process during a listing presentation, you would
NOT ordinarily discuss - ✔✔the process of closing a sale.
What are the three keys to prospecting success? - ✔✔Organization, numbers,
and consistency
2|Page
©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025.
Exam MOST TESTED Questions and
Answers 100% Correct| ASSURED
SUCCESS
A married couple have prequalified for a $240,000 conventional mortgage. If
they put 20% down, they can buy a house for - ✔✔$300,000
What facts need not be disclosed in a real estate transaction? - ✔✔The property
was the site of a homicide.
What is a good graphic to show a seller that there will be more activity if the
property is competitively priced? - ✔✔The pricing pyramid
A home sells for $310,500. Expenses of the sale are $4,800. The brokerage fee is
$18,630. Prorations for taxes and interest are $5,036. The mortgage payoff is
$181,500. What are the seller's proceeds from the sale? - ✔✔$100,534
Filing a suit to quiet title is used when - ✔✔a title defect is found, which is
difficult to remove by ordinary means.
What are the benefits of restrictive covenants? - ✔✔Maintain and enhance
value
1|Page
©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025.
, What's the downside for a principal who has a single agent? - ✔✔Responsible
for the single agent's acts
What is the likely cause of a contract for sale of real estate being ruled as
unenforceable? - ✔✔Unwritten agreement
Aside from a property's location, what is the most important factor that
influences market value? - ✔✔Highest and best use
The margin is - ✔✔the percentage added to the index of an adjustable-rate
mortgage that results in the calculated rate.
A home sells for $370,000. The mortgage payoff is $262,500. What is the seller's
equity? - ✔✔$107,500
How often do mortgage loan originators need to have a criminal background
check? - ✔✔Every year
A written listing agreement with a self-renewing clause - ✔✔is void.
When you explain the pricing process during a listing presentation, you would
NOT ordinarily discuss - ✔✔the process of closing a sale.
What are the three keys to prospecting success? - ✔✔Organization, numbers,
and consistency
2|Page
©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025.
