Exam (elaborations)
GOLD COAST 45 HOUR POST LICENSING EXAM QUESTIONS AND ANSWERS 2024
- Course
- Institution
GOLD COAST 45 HOUR POST LICENSING EXAM QUESTIONS AND ANSWERS 2024
[Show more]
Content preview
GOLD COAST 45 HOUR POST LICENSINGEXAM
A home sells for $310,500. Expenses of the sale are $4,800. The brokerage fee is
$18,630. Prorations for taxes and interest are $5,036. The mortgage payoff is
$181,500. What are the seller's proceeds from the sale? - ANSWERS-$100,534
Filing a suit to quiet title is used when - ANSWERS-a title defect is found, which is
difficult to remove by ordinary means.
What are the benefits of restrictive covenants? - ANSWERS-Maintain and enhance
value
A married couple have prequalified for a $240,000 conventional mortgage. If they
put 20% down, they can buy a house for - ANSWERS-$300,000
What facts need not be disclosed in a real estate transaction? - ANSWERS-The
property was the site of a homicide.
What is a good graphic to show a seller that there will be more activity if the
property is competitively priced? - ANSWERS-The pricing pyramid
What's the downside for a principal who has a single agent? - ANSWERS-
Responsible for the single agent's acts
, What is the likely cause of a contract for sale of real estate being ruled as
unenforceable? - ANSWERS-Unwritten agreement
Aside from a property's location, what is the most important factor that
influences market value? - ANSWERS-Highest and best use
The margin is - ANSWERS-the percentage added to the index of an adjustable-rate
mortgage that results in the calculated rate.
A home sells for $370,000. The mortgage payoff is $262,500. What is the seller's
equity? - ANSWERS-$107,500
How often do mortgage loan originators need to have a criminal background
check? - ANSWERS-Every year
A written listing agreement with a self-renewing clause - ANSWERS-is void.
When you explain the pricing process during a listing presentation, you would
NOT ordinarily discuss - ANSWERS-the process of closing a sale.
What are the three keys to prospecting success? - ANSWERS-Organization,
numbers, and consistency
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Teacher101. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
81113 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now