GOLD COAST SCHOOL REAL ESTATE QUESTIONS CH.1-19
(MULTIPLE CHOICE QUESTIONS) ACTUAL EXAM QUESTIONS AND
ANSWERS (A+ GUIDE SOLUTION) NEWEST 2025/2026
Terms in this set (88)
3. A real estate licensee is A. Valuation, marketing, and property transfer
expected to have expert
1. The real estate market is local in nature what Information about real estate can best be
does that mean? found through local sources, which makes the
real estate market local in nature
A. Providing expert knowledge about construction
methods and materials
2. You would expect a real estate licensee to
perform all of the following activities, EXCEPT:
A. Providing expertknowledge about
construction methods and materials
B. Providing expertknowledge 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
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,
localcrime rates, and
proximity to potential
employers
4. What is a comparative C. A value estimate based in recent sales of similar properties in the
same neighborhood
market analysis?
A. A comparison
ofassessed values in the
same neighborhood
B. A value estimate
basedon recent sales of
identical properties in the
same neighborhood
C. A value estimate
basedin recent sales of
similar properties in the
same neighborhood
D. An appraisal of
thevalue of a property
,5. Which type of valuation A. Appraisal in a federally-related transaction
must be performed in
accordance with the Uniform
Standards of
Professional Appraisal
Practice (USPAP)
A. Appraisal in a
federallyrelated transaction
B. Broker price opinion
(BPO)
C. Comparative market
analysis (CMA) D. None
of the above
6. Many real estate D. They concentrate on one type of property or in a particular
licensees engage in neighborhood
"farming". Which of the
following best describes
what that means?
A. They conduct
openhouses on weekends
B. They use
marketingvehicles such as
direct mailing and
advertisements in real
estate magazines
C. They concentrate
onthe sale of agricultural
properties
D. They concentrate
onone type of property or
in a particular
neighborhood
, All of the following would be D. A large house that has been subdivided into four apartments
considered commercial
property,
EXCEPT
A. an office building
thataccommodates three
tenants
B. A high-rise
apartmentbuilding in the
downtown area of the city
C. A shopping center
thatadjoins a residential
neighborhood
D. A large house that
hasbeen subdivided into
four apartments
C. The real estate licensee must have a securities license
If the sale of a business
involves the transfer of
ownership of shares of
stock, what additional
requirement is imposed?
A. The real estate
licenseemust be associated
with a brokerage firm
B. A brokerage firm
mustbe brought in to handle
the transaction
C. The real estate
licenseemust have a
securities license
D. The real estate
licenseemust have
experience as a stockbroker
(MULTIPLE CHOICE QUESTIONS) ACTUAL EXAM QUESTIONS AND
ANSWERS (A+ GUIDE SOLUTION) NEWEST 2025/2026
Terms in this set (88)
3. A real estate licensee is A. Valuation, marketing, and property transfer
expected to have expert
1. The real estate market is local in nature what Information about real estate can best be
does that mean? found through local sources, which makes the
real estate market local in nature
A. Providing expert knowledge about construction
methods and materials
2. You would expect a real estate licensee to
perform all of the following activities, EXCEPT:
A. Providing expertknowledge about
construction methods and materials
B. Providing expertknowledge 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
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,
localcrime rates, and
proximity to potential
employers
4. What is a comparative C. A value estimate based in recent sales of similar properties in the
same neighborhood
market analysis?
A. A comparison
ofassessed values in the
same neighborhood
B. A value estimate
basedon recent sales of
identical properties in the
same neighborhood
C. A value estimate
basedin recent sales of
similar properties in the
same neighborhood
D. An appraisal of
thevalue of a property
,5. Which type of valuation A. Appraisal in a federally-related transaction
must be performed in
accordance with the Uniform
Standards of
Professional Appraisal
Practice (USPAP)
A. Appraisal in a
federallyrelated transaction
B. Broker price opinion
(BPO)
C. Comparative market
analysis (CMA) D. None
of the above
6. Many real estate D. They concentrate on one type of property or in a particular
licensees engage in neighborhood
"farming". Which of the
following best describes
what that means?
A. They conduct
openhouses on weekends
B. They use
marketingvehicles such as
direct mailing and
advertisements in real
estate magazines
C. They concentrate
onthe sale of agricultural
properties
D. They concentrate
onone type of property or
in a particular
neighborhood
, All of the following would be D. A large house that has been subdivided into four apartments
considered commercial
property,
EXCEPT
A. an office building
thataccommodates three
tenants
B. A high-rise
apartmentbuilding in the
downtown area of the city
C. A shopping center
thatadjoins a residential
neighborhood
D. A large house that
hasbeen subdivided into
four apartments
C. The real estate licensee must have a securities license
If the sale of a business
involves the transfer of
ownership of shares of
stock, what additional
requirement is imposed?
A. The real estate
licenseemust be associated
with a brokerage firm
B. A brokerage firm
mustbe brought in to handle
the transaction
C. The real estate
licenseemust have a
securities license
D. The real estate
licenseemust have
experience as a stockbroker
