Gold Coast Real Estate Final Exam / Gold Coast Real Estate Final Exam

Gold Coast Real Estate Final Exam /
Gold Coast Real Estate Final Exam




What records a deed in public records? - ---✔✔✔ANSWER----Constructive
Notice



What replenishes the real estate recovery fund? - ---✔✔✔ANSWER----
Fines and fees


T/F: Shopping centers and movie theaters are not a good reason for eminent
domain - ---✔✔✔ANSWER----True

, What is the lot and block method best used for? - ---✔✔✔ANSWER----
Residential subdivisions



What are immune from property taxes? - ---✔✔✔ANSWER----County
court houses, airports, and schools



T/F: All offers written and oral must be disclosed - ---✔✔✔ANSWER----
True



What is not a part of RESPA (Real Estate Settlement Procedures Act)? - ---
✔✔✔ANSWER----Lead-Based Paint Disclosure


What is an example of an over-improvement? - ---✔✔✔ANSWER----An
expensive addition to a home



Who does a transaction broker provide limited representation to? - ---
✔✔✔ANSWER----A buyer, a seller, or both


If someone besides the original owner is to receive the ownership, it is called a
___________ - ---✔✔✔ANSWER----Remainder Estate