Gold Coast real estate,Practice final
exam.
Realtor - ANS100 test
A 40,000 mortgage for a term of 20 years was originated at an 8%interest rate,with monthly
mortgage payments of 334.58 what is the principal balance remaining after the second
monthly payment ? - ANS$39,863.72
If the price of a lot $9 per square food how many square feet are contained in a lot that sells
for 27000 - ANS3,000
what is the tax levy of a non-homestead property that is as seed at 36000 with a tax rate of
11 mills? - ANS$396
When must a written no brokerage relationship notice be provided to customers? -
ANSBefore showing homes that are listed
Which of the following cannot be used by the federal reserve to change or control tHe money
supply - ANSAlter income tax rates
A broker has an exclusive right of sale listing to sell an owner,s propertY with no others
authority granted .what type of agency does the broker have with the principal? -
ANSSpecial agency
A licensee is being disciplined by the FREC for multiple violations of f.s.475 which penalty
may the commission not impose? - ANSA fine not go exceed 5,000 and or imprisonment not
to exceed one year
A judgment is awardes against a licensee for 100,000.what is rhe maximum the
complainnant may be compensated fromthe realestate recovery fund? - ANS50%
What terms is applies to the practice of keepi low-income people out of a psrticular
neighborhood? - ANSExclusionary zoning
A transactionbroker - ANSOwes limited confidentiality to both parties
Foreclosureon the propedty teenan redeem in home what is term - ANSStatutory right of
redemption
Which term is used to refer to the difference between: current market value of for a property
and the amount the owner still owes on the mortgage - ANSEquity
Who determines the form for the closing states - ANSThe closing agent
exam.
Realtor - ANS100 test
A 40,000 mortgage for a term of 20 years was originated at an 8%interest rate,with monthly
mortgage payments of 334.58 what is the principal balance remaining after the second
monthly payment ? - ANS$39,863.72
If the price of a lot $9 per square food how many square feet are contained in a lot that sells
for 27000 - ANS3,000
what is the tax levy of a non-homestead property that is as seed at 36000 with a tax rate of
11 mills? - ANS$396
When must a written no brokerage relationship notice be provided to customers? -
ANSBefore showing homes that are listed
Which of the following cannot be used by the federal reserve to change or control tHe money
supply - ANSAlter income tax rates
A broker has an exclusive right of sale listing to sell an owner,s propertY with no others
authority granted .what type of agency does the broker have with the principal? -
ANSSpecial agency
A licensee is being disciplined by the FREC for multiple violations of f.s.475 which penalty
may the commission not impose? - ANSA fine not go exceed 5,000 and or imprisonment not
to exceed one year
A judgment is awardes against a licensee for 100,000.what is rhe maximum the
complainnant may be compensated fromthe realestate recovery fund? - ANS50%
What terms is applies to the practice of keepi low-income people out of a psrticular
neighborhood? - ANSExclusionary zoning
A transactionbroker - ANSOwes limited confidentiality to both parties
Foreclosureon the propedty teenan redeem in home what is term - ANSStatutory right of
redemption
Which term is used to refer to the difference between: current market value of for a property
and the amount the owner still owes on the mortgage - ANSEquity
Who determines the form for the closing states - ANSThe closing agent
