Gold Coast Final Exam2024 Expected Questions and Answers (Verified by Expert)
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Course
Gold Coast 45 Hour
Institution
Gold Coast 45 Hour
Gold Coast Final Exam2024 Expected Questions and Answers (Verified by Expert)
Gold Coast Final Exam2024 Expected Questions and Answers (Verified by Expert)
Gold Coast Final Exam2024 Expected Questions and Answers (Verified by Expert)
Gold Coast Final Exam Questions and Answers
(Verified by Exp...
Gold Coast Final Exam Questions and
Answers
(Verified by Expert)
1. What is the form you sign that says you will pay the loan back ? ANS
promissory note
2. What is the post licensing grace period after first expiration ? ANS
none
3. Deposits is a form of... ANS valuable consideration
4. Physical land and improvements ANS real property
5. Is it a violation if a sales associate work for two brokers Monday-
Friday, and Saturday and Sunday and getting paid commission from
both ANS Yes
1/4
, 6. What is the maximum fine per offense ? ANS $5,000 per fine
7. Out of state broker sends a customer, and had no part in the
transaction and requests a referral fee, should he expect a
commission ? ANS yes.
8. How many acres in one quarter of a section ? ANS 160
9. What do you do when there is conflict in who escrow goes to ANS
notify FREC
10.When do you NOT have to notify FREC about conflict of escrow ?
ANS contin- gent on the contract
11.T/F Grantee and Grantor has to sign the deed ANS False
12.What statute has to deal with contracts being in writing ? ANS
Statute of Frauds
2/4
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