Gold Coast Real Estate Exam Bundle

1. The real estate market is local in nature what does that mean? - Answer Information about real estate can best be found through local sources, which makes the real estate market local in nature 2. You would expect a real estate licensee to perform all of the following activities, EXCEPT: A...

what are the the areas a realtor should be an expert in? - Answer Marketing Valuation & Market Conditions Property Transfer "MVP" Does one need to be a resident of the state or a citizen of the U.S. to get a FL real estate license? - Answer to get a FL real estate license, you don't n...

actual notice - Answer own it Constructive notice - Answer record something in public records How Is Real Estate Recovery Funded ? - Answer by fees & fines Eminent Domain - Answer government has right to take away public use citizens can't refuse to sell) immune properties - Ans...

Which of the following statements is true regarding a mortgage loan originator (MLO)? (a) A mortgage loan originator is the same as a mortgage broker. (b) A mortgage loan originator must have a separate license. (c) A mortgage loan originator makes loans. (d) A mortgage loan originator must...

A sales associate licensed with a real estate brokerage corporation can be which of the following? (a) An officer (b) A stockholder (c) A director (d) An officer and a director - Answer (b) A stockholder Six individuals decide to form a real estate brokerage partnership. All six indiv...

Tier 4 S, Range 1 E - Answer Which government survey legal description is the closest to the Tallahassee Principal Meridian east west line - Answer A line from a POB running N90 E would be best described as a(an) section 13 - Answer What section is immediately due west of Section 18 1...

Which of the following statements is true regarding a mortgage loan originator? - Answer A mortgage loan originator must have a separate license. A real estate appraiser's fee for professional service is based on which of the following? - Answer The time and difficulty of the appraisal Wh...

Property management - Answer Abesntee ownership has increased the demand for which area of brokerage A fee based upon time and difficulty of appraisal - Answer What is a real estate appraiser is paid A subdivision plat map - Answer What does the local planning agency have the authority t...

A real estate licensee has a buyer agency agreement. What is the seller in this situation? - Answer A customer. An optionor and an optionee make a contract for an option on a commercial piece of property. If the optionee decides to exercise his option, when must he perform? - Answer He must e...

Title to Real Property Title means - Answer ownership. Constructive Notice also called legal notice, is achieved by - Answer recording documents in the public records. Marketable or merchantable title is title in - Answer fee simple that is free from litigation and defects A searc...

the instrument that contains the amount of the loan, interest rate, payment provisions, and other terms of the loan is the blank blank - Answer Promissory note A mortgage is a blank blank blank - Answer Pledge of security the clause in a mortgage that protects the borrowers interest and re...