BESTLEC
Gold Coast School Real Estate
2025 Brand New Actual Exam
With 100% Verified Questions and Correct Solutions
-
1. The real estate market is local in nature what does that mean?
- correct answer -Information about real estate can best be found through
local sources, which makes the real estate market local in nature
C
LE
2. You would expect a real estate licensee to perform all of the
following activities, EXCEPT:
ST
A. Providing expert knowledge about construction methods and
materials
B. Providing expert knowledge to members of the public in the
BE
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 –
correct answer -A. Providing expert knowledge about construction
methods and materials
1
, BESTLEC
3. A real estate licensee is expected to have expert 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, local crime rates, and proximity to potential employers
–
C
correct answer -A. Valuation, marketing, and property transfer
LE
ST
4. What is a comparative market analysis?
A. A comparison of assessed values in the same neighborhood
B. A value estimate based on recent sales of identical properties in the
BE
same neighborhood
C. A value estimate based in recent sales of similar properties in the
same neighborhood
D. An appraisal of the value of a property –
correct answer -C. A value estimate based in recent sales of similar
properties in the same neighborhood
5. Which type of valuation must be performed in accordance with the
Uniform Standards of Professional Appraisal Practice (USPAP)
2
, BESTLEC
A. Appraisal in a federally-related transaction
B. Broker price opinion (BPO)
C. Comparative market analysis (CMA)
D. None of the above –
correct answer -A. Appraisal in a federally- related transaction
6. Many real estate licensees engage in "farming". Which of the
C
following best describes what that means?
LE
A. They conduct open houses on weekends
B. They use marketing vehicles such as direct mailing and
advertisements in real estate magazines
ST
C. They concentrate on the sale of agricultural properties
D. They concentrate on one type of property or in a particular
neighborhood –
BE
correct answer -D. They concentrate on one type of property or in a
particular neighborhood
All of the following would be considered commercial property, EXCEPT
A. an office building that accommodates three tenants
B. A high-rise apartment building in the downtown area of the city
C. A shopping center that adjoins a residential neighborhood
D. A large house that has been subdivided into four apartments –
correct answer -D. A large house that has been subdivided into four
3
, BESTLEC
apartments
If the sale of a business involves the transfer of ownership of shares of
stock, what additional requirement is imposed?
A. The real estate licensee must be associated with a brokerage firm
B. A brokerage firm must be brought in to handle the transaction
C. The real estate licensee must have a securities license
D. The real estate licensee must have experience as a stockbroker –
C
LE
correct answer -C. The real estate licensee must have a securities
license
ST
Which real estate professional is expected to have the greatest level of
BE
knowledge and experience? –
correct answer -a real estate counselor
all of the following are responsibilities of a property manager, EXCEPT
A. Handling the payment of taxes, insurance, and operating
expenses for the property
B. Evaluating the investment value of the property
C. Locating tenants, collecting rents, maintaining records, and
scheduling maintenance
D. Protecting the owner's investment and maximizing the profitability
of the investment –
4
Gold Coast School Real Estate
2025 Brand New Actual Exam
With 100% Verified Questions and Correct Solutions
-
1. The real estate market is local in nature what does that mean?
- correct answer -Information about real estate can best be found through
local sources, which makes the real estate market local in nature
C
LE
2. You would expect a real estate licensee to perform all of the
following activities, EXCEPT:
ST
A. Providing expert knowledge about construction methods and
materials
B. Providing expert knowledge to members of the public in the
BE
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 –
correct answer -A. Providing expert knowledge about construction
methods and materials
1
, BESTLEC
3. A real estate licensee is expected to have expert 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, local crime rates, and proximity to potential employers
–
C
correct answer -A. Valuation, marketing, and property transfer
LE
ST
4. What is a comparative market analysis?
A. A comparison of assessed values in the same neighborhood
B. A value estimate based on recent sales of identical properties in the
BE
same neighborhood
C. A value estimate based in recent sales of similar properties in the
same neighborhood
D. An appraisal of the value of a property –
correct answer -C. A value estimate based in recent sales of similar
properties in the same neighborhood
5. Which type of valuation must be performed in accordance with the
Uniform Standards of Professional Appraisal Practice (USPAP)
2
, BESTLEC
A. Appraisal in a federally-related transaction
B. Broker price opinion (BPO)
C. Comparative market analysis (CMA)
D. None of the above –
correct answer -A. Appraisal in a federally- related transaction
6. Many real estate licensees engage in "farming". Which of the
C
following best describes what that means?
LE
A. They conduct open houses on weekends
B. They use marketing vehicles such as direct mailing and
advertisements in real estate magazines
ST
C. They concentrate on the sale of agricultural properties
D. They concentrate on one type of property or in a particular
neighborhood –
BE
correct answer -D. They concentrate on one type of property or in a
particular neighborhood
All of the following would be considered commercial property, EXCEPT
A. an office building that accommodates three tenants
B. A high-rise apartment building in the downtown area of the city
C. A shopping center that adjoins a residential neighborhood
D. A large house that has been subdivided into four apartments –
correct answer -D. A large house that has been subdivided into four
3
, BESTLEC
apartments
If the sale of a business involves the transfer of ownership of shares of
stock, what additional requirement is imposed?
A. The real estate licensee must be associated with a brokerage firm
B. A brokerage firm must be brought in to handle the transaction
C. The real estate licensee must have a securities license
D. The real estate licensee must have experience as a stockbroker –
C
LE
correct answer -C. The real estate licensee must have a securities
license
ST
Which real estate professional is expected to have the greatest level of
BE
knowledge and experience? –
correct answer -a real estate counselor
all of the following are responsibilities of a property manager, EXCEPT
A. Handling the payment of taxes, insurance, and operating
expenses for the property
B. Evaluating the investment value of the property
C. Locating tenants, collecting rents, maintaining records, and
scheduling maintenance
D. Protecting the owner's investment and maximizing the profitability
of the investment –
4
