GOLD COAST 45 HOUR POST LICENSING EXAM LATEST ACTUAL EXAM 100 QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES
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Course
2024/2025
Institution
2024/2025
GOLD COAST 45 HOUR POST LICENSING EXAM LATEST
ACTUAL EXAM 100 QUESTIONS AND CORRECT
DETAILED ANSWERS WITH RATIONALES
A married couple have prequalified for a $240,000 conventional mortgage. If they put
20% down, they can buy a house for - Answer️️ -$300,000
What facts need not be disclose...
The margin is - Answer✔️✔️-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? - Answer✔️✔️-$107,500
How often do mortgage loan originators need to have a criminal background check? -
Answer✔️✔️-Every year
A written listing agreement with a self-renewing clause - Answer✔️✔️-is void.
When you explain the pricing process during a listing presentation, you would NOT
ordinarily discuss - Answer✔️✔️-the process of closing a sale.
What are the three keys to prospecting success? - Answer✔️✔️-Organization, numbers,
and consistency
A sales associate, to test his understanding of what the customer has said, uses words
that are similar, but not exactly the same as the customer's. This is called - Answer✔️✔️-
paraphrasing.
Which party may pay a licensed personal assistant for selling activities? - Answer✔️✔️-It
is not legal to pay a personal assistant—whether licensed or unlicensed—a portion of a
real estate commission.
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