1
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Gold Coast real estate Questions and
Answers (100% Correct Answers) Already
Graded A+
real estate brokerage [ Ans: ] business in which real estate
related activities are performed under authority of a licensee real
estate broker.
broker [ Ans: ] agent or intermediary between 2 or more people
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in the negotiation of a sale, purchase or rental in real estate
sale associate [ Ans: ] works on behalf of the broker to provide
services to future buyers and sellers
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licensee [ Ans: ] broker or sale associate, has met all the
requirements of law, licensed and permitted to perform specified
services for members of the public in connection to real estate
property transactions
local in nature [ Ans: ] a typical person buys or sells real estate at
least 4 to 5 times in a lifespan. information can be found through
local sources making real estate local in nature.
Property Transfer [ Ans: ] knowing and explaining proper
procedures to being able to sell or buy a property. laws,
documents, disclosure, deeds, mortgages, surveys, appraisals,
contracts, titles, insurance, flood plains, building codes and
finance.
Valuation or market conditions [ Ans: ] getting the right value of
a home, through CMA, BPO or appraisal
Comparative Market Analysis (CMA) [ Ans: ] usually used by
licensees to find a
value estimate based on recent sales of properties in the same
neighborhood.
, 2
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Broker price opinion (BPO) [ Ans: ] a more detailed analysis of a
properties value.
BPO's are less thorough than an appraisal but require more
analysis than a
basic CMA.
short sale or foreclosure [ Ans: ] during this transaction, the
licensee will have to take photos of the property and complete a
BPO report provided by the lender. the report must include local
and regional market information.
Marketing [ Ans: ] strategies used to successfully getting the right
buyer for your client. must keep in mind that supply and demand
© 2025 Assignment Expert
are always changing, including laws related to property and
taxes, which can have a major effect on the value market.
Multiple Listing Service (MLS) [ Ans: ] system the provides and
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extensive tool for the
real estate licensees. pretty much has thousands of listings of other
local statewide licensees in addition to potential buyers around
the world. it is a detailed database of properties which are
available for sale or lease on local and state level. being very
knowledgeable and proficient in the MLS is strongly suggested.
farming [ Ans: ] term used when a licensee focuses on one type
or style of property or on one particular neighborhood (farm area,
target market). this
strategy is considered to be one of the best ways to succeed in
the real estate business.
appraisal [ Ans: ] a real estate licensee that wishes to perform an
appraisal must do so under the development and reporting
requirements of the uniform standards of professional appraisal
practice (USPAP)
USPAP [ Ans: ] uniform standard of professional appraisal
practice
For Expert help and assignment solutions, +254707240657
Gold Coast real estate Questions and
Answers (100% Correct Answers) Already
Graded A+
real estate brokerage [ Ans: ] business in which real estate
related activities are performed under authority of a licensee real
estate broker.
broker [ Ans: ] agent or intermediary between 2 or more people
© 2025 Assignment Expert
in the negotiation of a sale, purchase or rental in real estate
sale associate [ Ans: ] works on behalf of the broker to provide
services to future buyers and sellers
Guru01 - Stuvia
licensee [ Ans: ] broker or sale associate, has met all the
requirements of law, licensed and permitted to perform specified
services for members of the public in connection to real estate
property transactions
local in nature [ Ans: ] a typical person buys or sells real estate at
least 4 to 5 times in a lifespan. information can be found through
local sources making real estate local in nature.
Property Transfer [ Ans: ] knowing and explaining proper
procedures to being able to sell or buy a property. laws,
documents, disclosure, deeds, mortgages, surveys, appraisals,
contracts, titles, insurance, flood plains, building codes and
finance.
Valuation or market conditions [ Ans: ] getting the right value of
a home, through CMA, BPO or appraisal
Comparative Market Analysis (CMA) [ Ans: ] usually used by
licensees to find a
value estimate based on recent sales of properties in the same
neighborhood.
, 2
For Expert help and assignment solutions, +254707240657
Broker price opinion (BPO) [ Ans: ] a more detailed analysis of a
properties value.
BPO's are less thorough than an appraisal but require more
analysis than a
basic CMA.
short sale or foreclosure [ Ans: ] during this transaction, the
licensee will have to take photos of the property and complete a
BPO report provided by the lender. the report must include local
and regional market information.
Marketing [ Ans: ] strategies used to successfully getting the right
buyer for your client. must keep in mind that supply and demand
© 2025 Assignment Expert
are always changing, including laws related to property and
taxes, which can have a major effect on the value market.
Multiple Listing Service (MLS) [ Ans: ] system the provides and
Guru01 - Stuvia
extensive tool for the
real estate licensees. pretty much has thousands of listings of other
local statewide licensees in addition to potential buyers around
the world. it is a detailed database of properties which are
available for sale or lease on local and state level. being very
knowledgeable and proficient in the MLS is strongly suggested.
farming [ Ans: ] term used when a licensee focuses on one type
or style of property or on one particular neighborhood (farm area,
target market). this
strategy is considered to be one of the best ways to succeed in
the real estate business.
appraisal [ Ans: ] a real estate licensee that wishes to perform an
appraisal must do so under the development and reporting
requirements of the uniform standards of professional appraisal
practice (USPAP)
USPAP [ Ans: ] uniform standard of professional appraisal
practice
