Gold Coast School Real Estate – Complete Verified Exam Material with Correct Solutions

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GOLD COAST SCHOOL REAL ESTATE
BRAND NEW ACTUAL EXAM WITH 100%
VERIFIED QUESTIONS AND CORRECT
SOLUTIONS| ACE YOUR GRADES.




1. The real estate market is local in nature what does that mean?
- correct answer -Information about real estate can best be found
through local sources, which makes the real estate market local in
nature




2. You would expect a real estate licensee to perform all of the
following activities, EXCEPT:
A. Providing expert knowledge about construction methods and
materials

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B. Providing expert knowledge to members of the public in the
performance of specified services of real estate
C. Following up with customers and clients after a transaction has
been completed
D. Acting as an intermediary, or agent, between two or more
people in the negotiation of the sale, purchase, or lease of real
estate - correct answer -A. Providing expert knowledge about
construction methods and materials




3. A real estate licensee is expected to have expert knowledge in
what three areas?
A. Valuation, marketing, and property transfer
B. Mortgages, property taxes, and homeowners' insurance
policies
C. Residential real estate, commercial real estate, and surveys
D. Area schools, local crime rates, and proximity to potential
employers - correct answer -A. Valuation, marketing, and property
transfer




4. What is a comparative market analysis?
A. A comparison of assessed values in the same neighborhood
B. A value estimate based on recent sales of identical properties
in the same neighborhood

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C. A value estimate based in recent sales of similar properties in
the same neighborhood
D. An appraisal of the value of a property - correct answer -C. A
value estimate based in recent sales of similar properties in the
same neighborhood




5. Which type of valuation must be performed in accordance with
the Uniform Standards of Professional Appraisal Practice
(USPAP)
A. Appraisal in a federally-related transaction
B. Broker price opinion (BPO)
C. Comparative market analysis (CMA)
D. None of the above - correct answer -A. Appraisal in a federally-
related transaction




6. Many real estate licensees engage in "farming". Which of the
following best describes what that means?
A. They conduct open houses on weekends
B. They use marketing vehicles such as direct mailing and
advertisements in real estate magazines
C. They concentrate on the sale of agricultural properties
D. They concentrate on one type of property or in a particular
neighborhood - correct answer -D. They concentrate on one type
of property or in a particular neighborhood

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All of the following would be considered commercial property,
EXCEPT
A. an office building that accommodates three tenants
B. A high-rise apartment building in the downtown area of the city
C. A shopping center that adjoins a residential neighborhood
D. A large house that has been subdivided into four apartments -
correct answer -D. A large house that has been subdivided into
four apartments




If the sale of a business involves the transfer of ownership of
shares of stock, what additional requirement is imposed?
A. The real estate licensee must be associated with a brokerage
firm
B. A brokerage firm must be brought in to handle the transaction
C. The real estate licensee must have a securities license
D. The real estate licensee must have experience as a
stockbroker - correct answer -C. The real estate licensee must
have a securities license




Which real estate professional is expected to have the greatest
level of knowledge and experience? - correct answer -a real
estate counselor