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Gold Coast School Real Estate Questions Ch.1-19 Exam Questions with Answers
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Gold Coast School Real Estate Questions Ch.1-19 Exam Questions with Answers
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Gold Coast School Real Estate QuestionsCh.1-19 Exam Questions with Answers
1. The real estate market is local in nature what does that
mean? - Correct Answer ✅Information about real estate
can best be found through local sources, which makes the
real estate market local in nature
2. You would expect a real estate licensee to perform all of
the following activities, EXCEPT:
A. Providing expert knowledge about construction methods
and materials
B. Providing expert knowledge to members of the public in
the performance of specified services of real estate
C. Following up with customers and clients after a transaction
has been completed
D. Acting as an intermediary, or agent, between two or more
people in the negotiation of the sale, purchase, or lease of
real estate - Correct Answer ✅A. Providing expert
knowledge about construction methods and materials
3. A real estate licensee is expected to have expert
knowledge in what three areas?
A. Valuation, marketing, and property transfer
,Gold Coast School Real Estate Questions
Ch.1-19 Exam Questions with Answers
B. Mortgages, property taxes, and homeowners' insurance
policies
C. Residential real estate, commercial real estate, and
surveys
D. Area schools, local crime rates, and proximity to potential
employers - Correct Answer ✅A. Valuation, marketing, and
property transfer
4. What is a comparative market analysis?
A. A comparison of assessed values in the same
neighborhood
B. A value estimate based on recent sales of identical
properties in the same neighborhood
C. A value estimate based in recent sales of similar properties
in the same neighborhood
D. An appraisal of the value of a property - Correct Answer
✅C. A value estimate based in recent sales of similar
properties in the same neighborhood
,Gold Coast School Real Estate Questions
Ch.1-19 Exam Questions with Answers
5. Which type of valuation must be performed in accordance
with the Uniform Standards of Professional Appraisal Practice
(USPAP)
A. Appraisal in a federally-related transaction
B. Broker price opinion (BPO)
C. Comparative market analysis (CMA)
D. None of the above - Correct Answer ✅A. Appraisal in a
federally-related transaction
6. 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 - Correct Answer ✅D. They concentrate on
one type of property or in a particular neighborhood
All of the following would be considered commercial property,
EXCEPT
, Gold Coast School Real Estate Questions
Ch.1-19 Exam Questions with Answers
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 - Correct Answer ✅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 - Correct Answer ✅C. The real estate licensee
must have a securities license
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