GOLD COAST 45 HOUR POST LICENSING
EXAM CERTIFICATION TEST SCRIPT 2026
FULL QUESTIONS AND SOLUTIONS
GRADED A+
⩥ A sales associate receives a commission split of 70/30. Her brokerage
receives 30% and she receives 70%. If the sales price of a house was
$500,000 and the house was listed at 6%, how much money does the
sales associate receive? Answer: A
$21,000
⩥ A mortgage broker in Miami, Florida pays each sales associate $100
for each referral of customers that close a loan with her. Which applies?
Answer: C.
This is an illegal kickback and a violation of The Real Estate Settlement
Procedures Act, (RESPA).
⩥ If a property sold for $900,000 and the note/mortgage is 200,000 what
is the amount that must be paid for the documentary stamp tax on the
deed? Answer: C
$6,300
, ⩥ If a property sold for $900,000 and the note/mortgage is 200,000 what
is the amount that must be paid for the documentary stamp tax on the
promissory note? Answer: A
$700
⩥ If a property sold for $900,000 and the note/mortgage is 200,000 what
is the amount that must be paid for the intangible taxes? Answer: A
$400
⩥ Real estate taxes, (property taxes) are $3,500. Closing is to take place
on February 4th, with the day of closing belonging to the seller. Using
the 365-day method, how would the proration be noted on the closing
disclosure. Answer: A
Debit seller, Credit buyer $335.61
⩥ A home inspector gives each real estate agent that sends him a
customer a gift card for $100. Which applies? Answer: C
The home inspector is in violation of RESPA.
⩥ Which of the following statements is true regarding an appraisal?
Answer: C
An appraisal is a third-party valuation of a property.
EXAM CERTIFICATION TEST SCRIPT 2026
FULL QUESTIONS AND SOLUTIONS
GRADED A+
⩥ A sales associate receives a commission split of 70/30. Her brokerage
receives 30% and she receives 70%. If the sales price of a house was
$500,000 and the house was listed at 6%, how much money does the
sales associate receive? Answer: A
$21,000
⩥ A mortgage broker in Miami, Florida pays each sales associate $100
for each referral of customers that close a loan with her. Which applies?
Answer: C.
This is an illegal kickback and a violation of The Real Estate Settlement
Procedures Act, (RESPA).
⩥ If a property sold for $900,000 and the note/mortgage is 200,000 what
is the amount that must be paid for the documentary stamp tax on the
deed? Answer: C
$6,300
, ⩥ If a property sold for $900,000 and the note/mortgage is 200,000 what
is the amount that must be paid for the documentary stamp tax on the
promissory note? Answer: A
$700
⩥ If a property sold for $900,000 and the note/mortgage is 200,000 what
is the amount that must be paid for the intangible taxes? Answer: A
$400
⩥ Real estate taxes, (property taxes) are $3,500. Closing is to take place
on February 4th, with the day of closing belonging to the seller. Using
the 365-day method, how would the proration be noted on the closing
disclosure. Answer: A
Debit seller, Credit buyer $335.61
⩥ A home inspector gives each real estate agent that sends him a
customer a gift card for $100. Which applies? Answer: C
The home inspector is in violation of RESPA.
⩥ Which of the following statements is true regarding an appraisal?
Answer: C
An appraisal is a third-party valuation of a property.
