- Study guides, Class notes & Summaries

GOLD COAST REAL ESTATE - ACTUAL EXAM COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW!! Farming - licensee concentrate on one type or style of property or on one particular neighborhood Farm area or target market - Finding and specializing in a particular neighborhood or type of property. Considered to be one of the best ways to succeed in the real estate business

GOLD COAST REAL ESTATE - ACTUAL EXAM COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW!! Farming or Target market - Many licensees will concentrate on one type of style of property or one particular neighborhood Property Transfer - CMA - Successful transfer of ownership or rights Comparative Market Analysis MLS - Multiple Listing Service

GOLD COAST REAL ESTATE - ACTUAL EXAM COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW!! real estate brokerage - business in which real estate related activities are performed under authority of a licensee real estate broker. broker - agent or intermediary between 2 or more people in the negotiation of a sale, purchase or rental in real estate sale associate - buyers and sellers

GOLD COAST REAL ESTATE - ACTUAL EXAM COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW!! What is the term when a real estate agent specializes in one geographic area? - Farming A residential transaction is defined as: - Four units or less What 3 areas do real estate agents have to have expertise in? - Valuation, Property Transfer

GOLD COAST REAL ESTATE - ACTUAL EXAM COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW!! Prorating Rent - paid in advance monthly rent collected by the seller for the month must be divided between seller and buyer Areas of expert knowledge required for all real estate licensees? - Property Transfer 2. Valuation 3. Marketing (Not accounting or construction)

GOLD COAST REAL ESTATE - ACTUAL EXAM COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW!! Prorating Rent - paid in advance monthly rent collected by the seller for the month must be divided between seller and buyer Areas of expert knowledge required for all real estate licensees? - Property Transfer 2. Valuation 3. Marketing (Not accounting or construction)

GOLD COAST REAL ESTATE - ACTUAL EXAM COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW!! What type of value does an appraiser most commonly estimate? (a) Book (b) Market (c) Insurable (d) Condemnation - (b) Market How is investment value best defined?

GOLD COAST REAL ESTATE - ACTUAL EXAM COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW!! Who owes fiduciary duties in a single agency relationship? (a) The broker only (b) The principal only (c) Both parties (d) Neither party - (a) The broker only

GOLD COAST REAL ESTATE - ACTUAL EXAM COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW!! What type of value does an appraiser most commonly estimate? (a) Book (b) Market (c) Insurable (d) Condemnation - (b) Market How is investment value best defined?

GOLD COAST REAL ESTATE - ACTUAL EXAM COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW!! Which legal instrument evidences the debt and states the interest rate, term, payment requirement, and other information related to the loan? (a) Promissory note (b) Contract (c) Lien