GOLD COAST 45 HOUR EXAM QUESTIONS(EXAM 2024
VERSION H 2024) ANSWER KEY
ANSWER ALL QUESTIONS IN THIS SECTION
QUESTION 1
Property managers who are employed and compensated by community
associations are required to obtain and maintain which type of license?
CAM
QUESTION 1
What term is used for the practice of specializing in one particular residential
neighborhood or type of property?
Farming
Empty
QUESTION 2
upon closing a sales transaction who pays the sales associate their contracted
commission?
Employing Broker
QUESTION 3
Home sold for $250k with a garage, a home sold in the area for $230k with no
garage. From this information what can you determine the approximate value of
the garage is?
$20000
END OF
PAGE 1
, GOLD COAST 45 HOUR EXAM QUESTIONS(EXAM 2024
VERSION H 2024) ANSWER KEY
QUESTION 4
which source will most likely produce the greatest # of potential buyers for a
listing?
Putting your listing on the MLS
QUESTION 5
The NAR code of ethics specifies duties of real-estate professionals according to
ethical standard of conduct. All of the following except?
Duties
empty
empty
QUESTION 6
What is primary purpose of building code regulations?
to protect public health, safety and general welfare
QUESTION 7
which auction system is involved with the enforcement of liens due to borrower
default?
Courthouse Auction
END OF
PAGE 2
, GOLD COAST 45 HOUR EXAM QUESTIONS(EXAM 2024
VERSION H 2024) ANSWER KEY
QUESTION 8
Which type of listing allows an owner to list his or her property with more than
one broker?
Open Listing
END OF
PAGE 3
VERSION H 2024) ANSWER KEY
ANSWER ALL QUESTIONS IN THIS SECTION
QUESTION 1
Property managers who are employed and compensated by community
associations are required to obtain and maintain which type of license?
CAM
QUESTION 1
What term is used for the practice of specializing in one particular residential
neighborhood or type of property?
Farming
Empty
QUESTION 2
upon closing a sales transaction who pays the sales associate their contracted
commission?
Employing Broker
QUESTION 3
Home sold for $250k with a garage, a home sold in the area for $230k with no
garage. From this information what can you determine the approximate value of
the garage is?
$20000
END OF
PAGE 1
, GOLD COAST 45 HOUR EXAM QUESTIONS(EXAM 2024
VERSION H 2024) ANSWER KEY
QUESTION 4
which source will most likely produce the greatest # of potential buyers for a
listing?
Putting your listing on the MLS
QUESTION 5
The NAR code of ethics specifies duties of real-estate professionals according to
ethical standard of conduct. All of the following except?
Duties
empty
empty
QUESTION 6
What is primary purpose of building code regulations?
to protect public health, safety and general welfare
QUESTION 7
which auction system is involved with the enforcement of liens due to borrower
default?
Courthouse Auction
END OF
PAGE 2
, GOLD COAST 45 HOUR EXAM QUESTIONS(EXAM 2024
VERSION H 2024) ANSWER KEY
QUESTION 8
Which type of listing allows an owner to list his or her property with more than
one broker?
Open Listing
END OF
PAGE 3
