Real estate gold coast Exam Questions With Correct Answers
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Course
Gold Coast
Institution
Gold Coast
Real estate gold coast Exam Questions With
Correct Answers
Three areas of expert knowledge needed for all licensees - answerproperty transfer, valuation,
and marketing (mvp)
What do you have to disclose in application - answerdisclose all convictions
what happens when application denied - answ...
Transaction Broker - answer✔A broker who provides limited representation to a buyer, a seller,
or both in a real estate transaction, but does not represent either in a fiduciary capacity or as a
single agent.
What offers do you have to present - answer✔Must present all offers including oral offers
what is a single agent - answer✔Agent for the buyer exclusively or agent for the seller
exclusively
any attempt to represent both parties would create an illegal dual agency
describe listing contract - answer✔states the terms broker must meet to become eligible for
compensation
Principal office requirements - answer✔each active broker must open and maintain an office
must have one closed room with 4 walls
must be registers with department
must maintain books, records, and files for 5 years
Personal transactions - answer✔brokers, sales and broker associates may sell or buy real
property for their own benefit
make licensee status known before entering into serious negotiation
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