- Study guides, Class notes & Summaries

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

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22 pages

Written in 2025/2026

Grade A+

NursingAcademy

GOLD COAST REAL ESTATE - ACTUAL EXAM COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW!! A sales associate licensed with a real estate brokerage corporation can be which of the following? (a) An officer (b) A stockholder (c) A director (d) An officer and a director - (b) A stockholder

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20 pages

Written in 2025/2026

Grade A+

NursingAcademy

GOLD COAST REAL ESTATE - ACTUAL EXAM COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW!! Which of the following is an example of a unilateral contract? (a) Purchase and sale contract (b) Contract for deed (c) Open listing contract

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18 pages

Written in 2025/2026

Grade A+

NursingAcademy

GOLD COAST REAL ESTATE - ACTUAL EXAM COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW!! Tract building - When a dev. Acquired land, records a plat map and uses a model center from which sales may be made Local level - Planning, zoning, property taxation, building and health codes and regulations, and building moratoriums that affect development play a significant role in the cost and desirability of real estate

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80 pages

Written in 2025/2026

Grade A+

NursingAcademy

GOLD COAST REAL ESTATE - ACTUAL EXAM COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW!! Which of the following best describes a contract for sale that contains a street address instead of a legal description? (a) It is not valid under the Statute of Frauds. (b) It is valid only if witnessed. (c) It is valid, but may lead to a future dispute.

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12 pages

Written in 2025/2026

Grade A+

NursingAcademy

GOLD COAST REAL ESTATE - ACTUAL EXAM COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW!! Farming - (chapter 1) one type or style of property or on one particular neighborhood Farm Area (Target Market) - The area in which a real estate professional concentrates their efforts. (chapter 1)

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18 pages

Written in 2025/2026

Grade A+

NursingAcademy

GOLD COAST REAL ESTATE - ACTUAL EXAM COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW!! Farming - neighborhood Moratorium - Leasing - Renting - When a licensee concentrates on one type of property or an official waiting period; an authorized period of delay Larger than 12 months Up to 12 months

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18 pages

Written in 2025/2026

Grade A+

NursingAcademy

GOLD COAST REAL ESTATE - ACTUAL EXAM COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW!! Farming - A practice where a licensee consintrates on one type or style of property or one particular neighborhood Listing Contract - When a broker is employed to find a purchaser, he or she is entitled to compensation when a ready, willing, and able buyer has met all of the seller's requirements. This is accomplished when the buyer ma...

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19 pages

Written in 2025/2026

Grade A+

NursingAcademy

GOLD COAST REAL ESTATE - ACTUAL EXAM COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW!! Absentee Owner - property owner who does not reside on the property & who often relies on a professional property manager to manage the investment appraisal - Appraiser - it is worth An estimate of the current value of the property. a person whose job is to examine a building and say how much

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3 pages

Written in 2025/2026

Grade A+

NursingAcademy

GOLD COAST REAL ESTATE - ACTUAL EXAM COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW!! farming one type or style of property or on one particular neighborhood Property Transfer Conveying ownership or rights in property

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74 pages

Written in 2025/2026

Grade A+

NursingAcademy

GOLD COAST REAL ESTATE - ACTUAL EXAM COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW!! Farming - Specializing in a particular neighborhood or style of home Property transfer - Conveying ownership or rights in property Comparative Market Analysis (CMA) - A comparison of the prices of recently sold homes that are similar to a listing seller's home in terms of location, style, and amenities

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4 pages

Written in 2025/2026

Grade A+

NursingAcademy

GOLD COAST REAL ESTATE - ACTUAL EXAM COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW!! A developer contracts to build a home according to the buyer's specifications. This is an example of which type of building? - Custom The federal, state, and local governments all play a role in the regulation of real estate. In which of the following areas would the local government have the most impact? - Property Taxes, Building Mor...

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18 pages

Written in 2025/2026

Grade A+

NursingAcademy

GOLD COAST REAL ESTATE - ACTUAL EXAM COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW!! Real property - the land, everything that is permanently attached to the land, and everything that is appurtenant to the land. Personal property, or personalty - definition of real property all property that does not fit the Primary characteristic of personal property is: - Chattel - an item of movable property

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4 pages

Written in 2025/2026

Grade A+

NursingAcademy

GOLD COAST REAL ESTATE - ACTUAL EXAM COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW!! The real estate market is local in nature. What does that mean? - Information about real estate is best found a local sources. - You would expect a real estate licensee to perform all the following activities, EXCEPT: - * providing expert knowledge about construction methods and materials

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4 pages

Written in 2025/2026

Grade A+

NursingAcademy

GOLD COAST REAL ESTATE - ACTUAL EXAM COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW!! When viewed as a tangible asset, real estate can be defined as the land and its permanent improvements. Improvements on the land include: A. fences B. walkways C. sewer systems D. streets A

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11 pages

Written in 2025/2026

Grade A+

NursingAcademy

GOLD COAST REAL ESTATE - ACTUAL EXAM COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW!! Which of the following statements is true regarding a mortgage loan originator (MLO)? (a) A mortgage loan originator is the same as a mortgage broker. (b) A mortgage loan originator must have a separate license. (c) A mortgage loan originator makes loans. (d) A mortgage loan originator must have a real estate license. - mortgage loan ori...

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12 pages

Written in 2025/2026

Grade A+

NursingAcademy

GOLD COAST REAL ESTATE - ACTUAL EXAM COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW!! Licensees have to be experts in all the following? - Property Transfer What is farming? - Marketing, Valuation, When licensees concentrate on ONE type, style of property or particular neighborhood

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10 pages

Written in 2025/2026

Grade A+

NursingAcademy

GOLD COAST REAL ESTATE - ACTUAL EXAM COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW!! 1. The real estate market is local in nature what does that mean? - 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:

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29 pages

Written in 2025/2026

Grade A+

NursingAcademy

GOLD COAST REAL ESTATE - ACTUAL EXAM COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW!! A contractor who builds on their own lot in the hope of finding a purchaser upon completion is building on ________________. - Speculation One type of a residential sales transaction involves the sale of any improved residential property of ___________ units or less. - 4 The term ____________________ is a registered trademark of the Natio...

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10 pages

Written in 2025/2026

Grade A+

NursingAcademy

GOLD COAST REAL ESTATE - ACTUAL EXAM COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW!! A developer contracts to build a home according to the buyer's specifications. This is an example of which type of building? - Custom The federal, state, and local governments all play a role in the regulation of real estate. In which of the following areas would the local government have the most impact? - Property Taxes, Building Mor...

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18 pages

Written in 2025/2026

Grade A+

NursingAcademy