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GOLD COAST 45 HOUR NEWEST 2025 ACTUAL
EXAM COMPLETE 300 QUESTIONS AND
CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) |ALREADY GRADED A+||LATEST
VERSION!!
A married couple have prequalified for a $240,000
conventional mortgage. If they put 20% down, they
can buy a house for - Answer-$300,000
What facts need not be disclosed in a real estate
transaction? - Answer-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? - Answer-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
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is $181,500. What are the seller's proceeds from the
sale? - Answer-$100,534
Filing a suit to quiet title is used when - Answer-a
title defect is found, which is difficult to remove by
ordinary means.
What are the benefits of restrictive covenants? -
Answer-Maintain and enhance value
What's the downside for a principal who has a single
agent? - Answer-Responsible for the single agent's
acts
What is the likely cause of a contract for sale of real
estate being ruled as unenforceable? - Answer-
Unwritten agreement
Aside from a property's location, what is the most
important factor that influences market value? -
Answer-Highest and best use
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The margin is - Answer-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? - Answer-
$107,500
How often do mortgage loan originators need to
have a criminal background check? - Answer-Every
year
A written listing agreement with a self-renewing
clause - Answer-is void.
When you explain the pricing process during a listing
presentation, you would NOT ordinarily discuss -
Answer-the process of closing a sale.
GOLD COAST 45 HOUR NEWEST 2025 ACTUAL
EXAM COMPLETE 300 QUESTIONS AND
CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) |ALREADY GRADED A+||LATEST
VERSION!!
A married couple have prequalified for a $240,000
conventional mortgage. If they put 20% down, they
can buy a house for - Answer-$300,000
What facts need not be disclosed in a real estate
transaction? - Answer-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? - Answer-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
,2|Page
is $181,500. What are the seller's proceeds from the
sale? - Answer-$100,534
Filing a suit to quiet title is used when - Answer-a
title defect is found, which is difficult to remove by
ordinary means.
What are the benefits of restrictive covenants? -
Answer-Maintain and enhance value
What's the downside for a principal who has a single
agent? - Answer-Responsible for the single agent's
acts
What is the likely cause of a contract for sale of real
estate being ruled as unenforceable? - Answer-
Unwritten agreement
Aside from a property's location, what is the most
important factor that influences market value? -
Answer-Highest and best use
, 3|Page
The margin is - Answer-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? - Answer-
$107,500
How often do mortgage loan originators need to
have a criminal background check? - Answer-Every
year
A written listing agreement with a self-renewing
clause - Answer-is void.
When you explain the pricing process during a listing
presentation, you would NOT ordinarily discuss -
Answer-the process of closing a sale.
