Gold Coast 45 Hour Post Licensing Exam
Questions and Answers 100% Correct
A emarried ecouple ehave eprequalified efor ea e$240,000 econventional emortgage. eIf ethey eput
e 20% edown, ethey ecan ebuy ea ehouse efor e- eANS-$300,000
What efacts eneed enot ebe edisclosed ein ea ereal eestate etransaction? e- eANS-The eproperty ewas
e the esite eof ea ehomicide.
What eis ea egood egraphic eto eshow ea eseller ethat ethere ewill ebe emore eactivity eif ethe eproperty eis
e competitively epriced? e- eANS-The epricing epyramid
A ehome esells efor e$310,500. eExpenses eof ethe esale eare e$4,800. eThe ebrokerage efee eis e$18,630.
e Prorations efor etaxes eand einterest eare e$5,036. eThe emortgage epayoff eis e$181,500. eWhat eare
e the eseller's eproceeds efrom ethe esale? e- eANS-$100,534
Filing ea esuit eto equiet etitle eis eused ewhen e- eANS-a etitle edefect eis efound, ewhich eis edifficult eto
e remove eby eordinary emeans.
What eare ethe ebenefits eof erestrictive ecovenants? e- eANS-Maintain eand eenhance evalue
What's ethe edownside efor ea eprincipal ewho ehas ea esingle eagent? e- eANS-Responsible efor ethe
e single eagent's eacts
, What eis ethe elikely ecause eof ea econtract efor esale eof ereal eestate ebeing eruled eas eunenforceable?
e - eANS-Unwritten eagreement
Aside efrom ea eproperty's elocation, ewhat eis ethe emost eimportant efactor ethat einfluences
e market evalue? e- eANS-Highest eand ebest euse
The emargin eis e- eANS-the epercentage eadded eto ethe eindex eof ean eadjustable-rate emortgage
e that eresults ein ethe ecalculated erate.
A ehome esells efor e$370,000. eThe emortgage epayoff eis e$262,500. eWhat eis ethe eseller's eequity?
e - eANS-$107,500
How eoften edo emortgage eloan eoriginators eneed eto ehave ea ecriminal ebackground echeck? e-
e ANS-Every eyear
A ewritten elisting eagreement ewith ea eself-renewing eclause e- eANS-is evoid.
When eyou eexplain ethe epricing eprocess eduring ea elisting epresentation, eyou ewould eNOT
e ordinarily ediscuss e- eANS-the eprocess eof eclosing ea esale.
What eare ethe ethree ekeys eto eprospecting esuccess? e- eANS-Organization, enumbers, eand
e consistency
Questions and Answers 100% Correct
A emarried ecouple ehave eprequalified efor ea e$240,000 econventional emortgage. eIf ethey eput
e 20% edown, ethey ecan ebuy ea ehouse efor e- eANS-$300,000
What efacts eneed enot ebe edisclosed ein ea ereal eestate etransaction? e- eANS-The eproperty ewas
e the esite eof ea ehomicide.
What eis ea egood egraphic eto eshow ea eseller ethat ethere ewill ebe emore eactivity eif ethe eproperty eis
e competitively epriced? e- eANS-The epricing epyramid
A ehome esells efor e$310,500. eExpenses eof ethe esale eare e$4,800. eThe ebrokerage efee eis e$18,630.
e Prorations efor etaxes eand einterest eare e$5,036. eThe emortgage epayoff eis e$181,500. eWhat eare
e the eseller's eproceeds efrom ethe esale? e- eANS-$100,534
Filing ea esuit eto equiet etitle eis eused ewhen e- eANS-a etitle edefect eis efound, ewhich eis edifficult eto
e remove eby eordinary emeans.
What eare ethe ebenefits eof erestrictive ecovenants? e- eANS-Maintain eand eenhance evalue
What's ethe edownside efor ea eprincipal ewho ehas ea esingle eagent? e- eANS-Responsible efor ethe
e single eagent's eacts
, What eis ethe elikely ecause eof ea econtract efor esale eof ereal eestate ebeing eruled eas eunenforceable?
e - eANS-Unwritten eagreement
Aside efrom ea eproperty's elocation, ewhat eis ethe emost eimportant efactor ethat einfluences
e market evalue? e- eANS-Highest eand ebest euse
The emargin eis e- eANS-the epercentage eadded eto ethe eindex eof ean eadjustable-rate emortgage
e that eresults ein ethe ecalculated erate.
A ehome esells efor e$370,000. eThe emortgage epayoff eis e$262,500. eWhat eis ethe eseller's eequity?
e - eANS-$107,500
How eoften edo emortgage eloan eoriginators eneed eto ehave ea ecriminal ebackground echeck? e-
e ANS-Every eyear
A ewritten elisting eagreement ewith ea eself-renewing eclause e- eANS-is evoid.
When eyou eexplain ethe epricing eprocess eduring ea elisting epresentation, eyou ewould eNOT
e ordinarily ediscuss e- eANS-the eprocess eof eclosing ea esale.
What eare ethe ethree ekeys eto eprospecting esuccess? e- eANS-Organization, enumbers, eand
e consistency
