Gold Coast Final Exam Newest
2025/2026 Questions and Correct
Answers Graded A+|Assured Success
What is the law that states that lenders have to tell you the truth about the
interest rate ? - CORRECT ANSWERTruth in Lending
What law puts a time limit on contracts ? - CORRECT ANSWERStatute of
Limitation
, What is the Statute of Limitation on oral contracts ? - CORRECT ANSWER4
years
What is the form you sign that says you will pay the loan back ? - CORRECT
ANSWERpromissory note
What is the post licensing grace period after first expiration ? - CORRECT
ANSWERnone
Deposits is a form of... - CORRECT ANSWERvaluable consideration
Physical land and improvements - CORRECT ANSWERreal property
Is it a violation if a sales associate work for two brokers Monday-Friday, and
Saturday and Sunday and getting paid commission from both - CORRECT
ANSWERYes
What is the maximum fine per offense ? - CORRECT ANSWER$5,000 per fine
2025/2026 Questions and Correct
Answers Graded A+|Assured Success
What is the law that states that lenders have to tell you the truth about the
interest rate ? - CORRECT ANSWERTruth in Lending
What law puts a time limit on contracts ? - CORRECT ANSWERStatute of
Limitation
, What is the Statute of Limitation on oral contracts ? - CORRECT ANSWER4
years
What is the form you sign that says you will pay the loan back ? - CORRECT
ANSWERpromissory note
What is the post licensing grace period after first expiration ? - CORRECT
ANSWERnone
Deposits is a form of... - CORRECT ANSWERvaluable consideration
Physical land and improvements - CORRECT ANSWERreal property
Is it a violation if a sales associate work for two brokers Monday-Friday, and
Saturday and Sunday and getting paid commission from both - CORRECT
ANSWERYes
What is the maximum fine per offense ? - CORRECT ANSWER$5,000 per fine
