Gold Coast 45 Hour Exam Questions(exam version H
2023)
1. Property managers who are employed and compensated by community
associations are required to obtain and maintain which type of license?:
CAM
2. What term is used for the practice of specializing in one particular
residen- tial neighborhood or type of property?: Farming
3. empty:
4. upon closing a sales transaction who pays the sales associate their
con- tracted commission?: Employing Broker
5. Home sold for $250k with a garage, a home sold in the area for $230k with
no garage. From this information what can you determine the approximate
value of the garage is?: $20000
6. which source will most likely produce the greatest # of potential buyers
for a listing?: Putting your listing on the MLS
7. The NAR code of ethics specifies duties of real-estate professionals
accord- ing to ethical standard of conduct. All of the following except?:
Duties
8. What is primary purpose of building code regulations?: to protect
public health, safety and general welfare
9. which auction system is involved with the enforcement of liens due
to borrower default?: Courthouse Auction
10. Which type of listing allows an owner to list his or her property with
more than one broker?: Open Listing
11. Which investment term refers to an asset that cannot be sold
quickly without lowering the price?: illiquid
12. Which home staging and prep tip is suggested to help make home
more appealing?: Brighten room, cleaning window & turning on lights
13. What does a "double entry" refer to on a closing disclosure statement?: -
Expenses between two parties to the transaction, with no third party involved.
14. What are the benefits of using a VA loan in a transaction?: little to no
money down and low interest rates
15. What type of brokerage business specializes in selling or leasing in-
come-producing properties such as malls, offices, restaurants, gas
stations, and office towers?: Commercial Brokerage
16. Which of the following statement best describes the practice of steering?
: Is the practice of directing homebuyers toward or away from homes in certain
neighborhoods or in a multiunit building in order to preserve or alter the makeup
of that neighborhood with respect to race, religion, sex, or national origin.
17. It is important to qualify a seller by asking questions to understand there
motive and expectations. All of the following would be good questions ex-
cept?:
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, Gold Coast 45 Hour Exam Questions(exam version H
2023)
18. Which is always actually paid by a buyer?:
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2023)
1. Property managers who are employed and compensated by community
associations are required to obtain and maintain which type of license?:
CAM
2. What term is used for the practice of specializing in one particular
residen- tial neighborhood or type of property?: Farming
3. empty:
4. upon closing a sales transaction who pays the sales associate their
con- tracted commission?: Employing Broker
5. Home sold for $250k with a garage, a home sold in the area for $230k with
no garage. From this information what can you determine the approximate
value of the garage is?: $20000
6. which source will most likely produce the greatest # of potential buyers
for a listing?: Putting your listing on the MLS
7. The NAR code of ethics specifies duties of real-estate professionals
accord- ing to ethical standard of conduct. All of the following except?:
Duties
8. What is primary purpose of building code regulations?: to protect
public health, safety and general welfare
9. which auction system is involved with the enforcement of liens due
to borrower default?: Courthouse Auction
10. Which type of listing allows an owner to list his or her property with
more than one broker?: Open Listing
11. Which investment term refers to an asset that cannot be sold
quickly without lowering the price?: illiquid
12. Which home staging and prep tip is suggested to help make home
more appealing?: Brighten room, cleaning window & turning on lights
13. What does a "double entry" refer to on a closing disclosure statement?: -
Expenses between two parties to the transaction, with no third party involved.
14. What are the benefits of using a VA loan in a transaction?: little to no
money down and low interest rates
15. What type of brokerage business specializes in selling or leasing in-
come-producing properties such as malls, offices, restaurants, gas
stations, and office towers?: Commercial Brokerage
16. Which of the following statement best describes the practice of steering?
: Is the practice of directing homebuyers toward or away from homes in certain
neighborhoods or in a multiunit building in order to preserve or alter the makeup
of that neighborhood with respect to race, religion, sex, or national origin.
17. It is important to qualify a seller by asking questions to understand there
motive and expectations. All of the following would be good questions ex-
cept?:
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https://www.coursehero.com/file/249869192/Gold-Coast-45-Hour-Exam-Questionsnew-version-exam-2025-2026docx/
, Gold Coast 45 Hour Exam Questions(exam version H
2023)
18. Which is always actually paid by a buyer?:
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