Gold Coast Real Estate School UPDATED Exam Questions and CORRECT Answers
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Course
Gold Coast Real Estate School
Institution
Gold Coast Real Estate School
Gold Coast Real Estate School UPDATED
Exam Questions and CORRECT Answers
Farming - CORRECT ANSWER- A practice where a licensee consintrates on one type or
style of property or one particular neighborhood
Listing Contract - CORRECT ANSWER- When a broker is employed to find a purchaser, he
or...
Gold Coast Real Estate School UPDATED
Exam Questions and CORRECT Answers
Farming - CORRECT ANSWER- A practice where a licensee consintrates on one type or
style of property or one particular neighborhood
Listing Contract - CORRECT ANSWER- When a broker is employed to find a purchaser, he
or she is entitled to compensation when a ready, willing, and able buyer has met all of the
seller's requirements. This is accomplished when the buyer makes an offer in accordance with
the terms of the listing agreement, whether or not a sale is consummated.
Federal Real Estate Settlement Procedures Act (RESPA) - CORRECT ANSWER- Allows
brokers to pay referral fees between real estate agents and brokers without disclosure. Page
62-20-31
Principal Office Requirements - CORRECT ANSWER- Must consist of at least one enclosed
room in a building of stationary construction where negotiations and the closing of real estate
transactions can be conducted with privacy.
Duty
Confidentiality - CORRECT ANSWER- Single Agent
Duty
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