Gold Coast 45 Hour Exam Questions(exam version H 2023)
l
Property managers who are employed
and compensated by community associ-
CAM
ations are required to obtain and main-
tain which type of license?
What term is used for the practice of
specializing in one particular residential Farming
neighborhood or type of property?
empty
upon closing a sales transaction who
pays the sales associate their contracted Employing Broker
commission?
Home sold for $250k with a garage, a
home sold in the area for $230k with no
garage. From this information what can $20000
you determine the approximate value of
the garage is?
which source will most likely produce the
greatest # of potential buyers for a list- Putting your listing on the MLS
ing?
The NAR code of ethics specifies duties
of real-estate professionals according to
Duties
ethical standard of conduct. All of the
following except?
What is primary purpose of building code to protect public health, safety and gen-
regulations? eral welfare
which auction system is involved with
the enforcement of liens due to borrower Courthouse Auction
default?
Which type of listing allows an owner to
list his or her property with more than Open Listing
one broker?
Which investment term refers to an asset
that cannot be sold quickly without low- illiquid
ering the price?
1/9
, Gold Coast 45 Hour Exam Questions(exam version H 2023)
l
Which home staging and prep tip is sug-
Brighten room, cleaning window & turn-
gested to help make home more appeal-
ing on lights
ing?
What does a "double entry" refer to on a Expenses between two parties to the
closing disclosure statement? transaction, with no third party involved.
What are the benefits of using a VA loan little to no money down and low interest
in a transaction? rates
What type of brokerage business spe-
cializes in selling or leasing income-pro-
ducing properties such as malls, offices, Commercial Brokerage
restaurants, gas stations, and office tow-
ers?
Is the practice of directing homebuyers
toward or away from homes in certain
Which of the following statement best neighborhoods or in a multiunit building
describes the practice of steering? in order to preserve or alter the make-
up of that neighborhood with respect to
race, religion, sex, or national origin.
It is important to qualify a seller by ask-
ing questions to understand there mo-
tive and expectations. All of the following
would be good questions except?
Which is always actually paid by a buy-
er?
A pool cost $25,000 to install on a prop-
erty, but only adds $15,000 to the ap-
Contribution appraisal
praised value of the p[roperty. This is an
example of which appraisal principle?
What two elements must be present in
a contract to achieve complete agree- Meeting of Minds
ment?
What kind of roof is susceptible to wear
Flat Roof
of standing water?
So you don't waist your time
2/9
l
Property managers who are employed
and compensated by community associ-
CAM
ations are required to obtain and main-
tain which type of license?
What term is used for the practice of
specializing in one particular residential Farming
neighborhood or type of property?
empty
upon closing a sales transaction who
pays the sales associate their contracted Employing Broker
commission?
Home sold for $250k with a garage, a
home sold in the area for $230k with no
garage. From this information what can $20000
you determine the approximate value of
the garage is?
which source will most likely produce the
greatest # of potential buyers for a list- Putting your listing on the MLS
ing?
The NAR code of ethics specifies duties
of real-estate professionals according to
Duties
ethical standard of conduct. All of the
following except?
What is primary purpose of building code to protect public health, safety and gen-
regulations? eral welfare
which auction system is involved with
the enforcement of liens due to borrower Courthouse Auction
default?
Which type of listing allows an owner to
list his or her property with more than Open Listing
one broker?
Which investment term refers to an asset
that cannot be sold quickly without low- illiquid
ering the price?
1/9
, Gold Coast 45 Hour Exam Questions(exam version H 2023)
l
Which home staging and prep tip is sug-
Brighten room, cleaning window & turn-
gested to help make home more appeal-
ing on lights
ing?
What does a "double entry" refer to on a Expenses between two parties to the
closing disclosure statement? transaction, with no third party involved.
What are the benefits of using a VA loan little to no money down and low interest
in a transaction? rates
What type of brokerage business spe-
cializes in selling or leasing income-pro-
ducing properties such as malls, offices, Commercial Brokerage
restaurants, gas stations, and office tow-
ers?
Is the practice of directing homebuyers
toward or away from homes in certain
Which of the following statement best neighborhoods or in a multiunit building
describes the practice of steering? in order to preserve or alter the make-
up of that neighborhood with respect to
race, religion, sex, or national origin.
It is important to qualify a seller by ask-
ing questions to understand there mo-
tive and expectations. All of the following
would be good questions except?
Which is always actually paid by a buy-
er?
A pool cost $25,000 to install on a prop-
erty, but only adds $15,000 to the ap-
Contribution appraisal
praised value of the p[roperty. This is an
example of which appraisal principle?
What two elements must be present in
a contract to achieve complete agree- Meeting of Minds
ment?
What kind of roof is susceptible to wear
Flat Roof
of standing water?
So you don't waist your time
2/9
