Gold Coast School Real Estate Questions
(Chapter1-19) A Grade Exam
Questions With 100% Correct
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Many real estate licensees engage in "farming". Which of the following best describes
what that means?
A. They conduct open houses on weekends
B. They use marketing vehicles such as direct mailing and advertisements in real
estate magazines
C. They concentrate on the sale of agricultural properties
D. They concentrate on one type of property or in a particular neighborhood ✔✔D.
They concentrate on one type of property or in a particular neighborhood
All of the following would be considered commercial property,
EXCEPT A. an office building that accommodates three tenants
,B. A high-rise apartment building in the downtown area of the city
C. A shopping center that adjoins a residential neighborhood
D. A large house that has been subdivided into four apartments ✔✔D. A large house
that has been subdivided into four apartments
If the sale of a business involves the transfer of ownership of shares of stock,
what additional requirement is imposed?
A. The real estate licensee must be associated with a brokerage firm
B. A brokerage firm must be brought in to handle the transaction
C. The real estate licensee must have a securities license
D. The real estate licensee must have experience as a stockbroker ✔✔C. The real estate
licensee must have a securities license
,Which real estate professional is expected to have the greatest level of
knowledge and experience? ✔✔a real estate counselor
all of the following are responsibilities of a property manager, EXCEPT
A. Handling the payment of taxes, insurance, and operating expenses for the
property B. Evaluating the investment value of the property
C. Locating tenants, collecting rents, maintaining records, and scheduling maintenance
D. Protecting the owner's investment and maximizing the profitability of the investment
✔✔B. Evaluating the investment value of the property
According to F.S. 475, all of the following transactions are considered residential transactions,
EXCEPT:
A. A lease on a unit in a duplex, with an option to purchase the unit
B. The sale of a 10-unit apartment building
C. The sale of an eight-acre strawberry farm
D. The sale of a lot that is zoned for a single-family home ✔✔B. The sale of a 10-
unit apartment building
Which of the following best defines appraising?
, A. The process of determining the amount of equity in real property
B. The process of establishing the asking price of real property
C. The process of establishing the firm value of real property
D. The process of developing an opinion of the value of real property ✔✔D. The process
of developing an opinion of the value of real property
On what is an appraisal fee based?
A. An average of the fees charged for appraisals of similar properties
B. The time, effort, and expense involved in conducting the appraisal
C. The value of the property
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