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Chapter 1 - Gold Coast Real Estate Homework exam questions and verified correct answers 2024/2025
Which of the following statements is true regarding a mortgage loan originator (MLO)? (a) A mortgage loan originator is the same as a mortgage broker. (b) A mortgage loan originator must have a separate license. (c) A mortgage loan originator makes loans. (d) A mortgage loan originator must have a real estate license. - correct answer (b) A mortgage loan originator must have a separate license. A real estate appraiser's fee for professional service is based on which of the follow...
- Exam (elaborations)
- • 10 pages •
Which of the following statements is true regarding a mortgage loan originator (MLO)? (a) A mortgage loan originator is the same as a mortgage broker. (b) A mortgage loan originator must have a separate license. (c) A mortgage loan originator makes loans. (d) A mortgage loan originator must have a real estate license. - correct answer (b) A mortgage loan originator must have a separate license. A real estate appraiser's fee for professional service is based on which of the follow...
Gold Coast Real Estate Final Exam questions and 100% correct answers 2024/2025
What is Farming? - correct answer Agent dominates specific area/neighborhood/town Also known as door to door. What are the three areas sales associates must be experts in? - correct answer Must be experts in Valuation, Marketing, and Property Transfer What key knowledge must you have to be involved in Industrial Sales? (Not needed for commercial sales) - correct answer Government Law (Environmental) What is It called when a Developer builds a center in track where sales are made? - ...
- Exam (elaborations)
- • 2 pages •
What is Farming? - correct answer Agent dominates specific area/neighborhood/town Also known as door to door. What are the three areas sales associates must be experts in? - correct answer Must be experts in Valuation, Marketing, and Property Transfer What key knowledge must you have to be involved in Industrial Sales? (Not needed for commercial sales) - correct answer Government Law (Environmental) What is It called when a Developer builds a center in track where sales are made? - ...
Gold Coast real estate 63 hour course exam questions and verified correct answers
one acre equals - correct answer 43,560 square feet One mile is how many feet - correct answer 5280 feet Plat or recorded plat is also known as - correct answer Lot and block Assessor's parcel number (APN) is - correct answer A number that is assigned to a parcel of real property by a county property assessor to uniquely identify that property within the jurisdiction. Township - correct answer Is 6 mikes sq and contains 36 square miles. MLS (Multiple Listing Service) - co...
- Exam (elaborations)
- • 10 pages •
one acre equals - correct answer 43,560 square feet One mile is how many feet - correct answer 5280 feet Plat or recorded plat is also known as - correct answer Lot and block Assessor's parcel number (APN) is - correct answer A number that is assigned to a parcel of real property by a county property assessor to uniquely identify that property within the jurisdiction. Township - correct answer Is 6 mikes sq and contains 36 square miles. MLS (Multiple Listing Service) - co...
Gold Coast final exam questions and verified correct answers 2024
actual notice - correct answer own it Constructive notice - correct answer record something in public records How Is Real Estate Recovery Funded ? - correct answer by fees & fines Eminent Domain - correct answer government has right to take away public use citizens can't refuse to sell) immune properties - correct answer government owned lot & block - correct answer residential sub-division surgery system Metes and Bounds - correct answer oldest method of land descrip...
- Exam (elaborations)
- • 8 pages •
actual notice - correct answer own it Constructive notice - correct answer record something in public records How Is Real Estate Recovery Funded ? - correct answer by fees & fines Eminent Domain - correct answer government has right to take away public use citizens can't refuse to sell) immune properties - correct answer government owned lot & block - correct answer residential sub-division surgery system Metes and Bounds - correct answer oldest method of land descrip...
GOLD COAST PRACTICE EXAMS questions and 100% correct answers 2024
Which statement provides the basic justification for zoning? A. There must be regulations in place to prevent pollution B. The government does not want to encourage land development C. The inappropriate use of one's property may affect the value of another D. Professional planners want to control development - correct answer C. The inappropriate use of one's property may affect the value of another What is the rationale behind government planning of real estate development? A. To...
- Exam (elaborations)
- • 70 pages •
Which statement provides the basic justification for zoning? A. There must be regulations in place to prevent pollution B. The government does not want to encourage land development C. The inappropriate use of one's property may affect the value of another D. Professional planners want to control development - correct answer C. The inappropriate use of one's property may affect the value of another What is the rationale behind government planning of real estate development? A. To...
Gold Coast FINAL EXAM STUDY SET questions and verified correct answers 2024
what are the the areas a realtor should be an expert in? - correct answer Marketing Valuation & Market Conditions Property Transfer "MVP" Does one need to be a resident of the state or a citizen of the U.S. to get a FL real estate license? - correct answer to get a FL real estate license, you don't need to be a citizen What must an applicant for a real estate license do if he has been convicted of a crime? - correct answer must disclose all convictions Employment - cor...
- Exam (elaborations)
- • 11 pages •
what are the the areas a realtor should be an expert in? - correct answer Marketing Valuation & Market Conditions Property Transfer "MVP" Does one need to be a resident of the state or a citizen of the U.S. to get a FL real estate license? - correct answer to get a FL real estate license, you don't need to be a citizen What must an applicant for a real estate license do if he has been convicted of a crime? - correct answer must disclose all convictions Employment - cor...
Gold Coast School Real Estate Questions Ch.1-19 with verified correct 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. Follow...
- Exam (elaborations)
- • 22 pages •
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. Follow...
Gold Coast Real Estate exam questions and verified correct answers 2024
Tract building - correct answer When a dev. Acquired land, records a plat map and uses a model center from which sales may be made Local level - correct answer Planning, zoning, property taxation, building and health codes and regulations, and building moratoriums that affect development play a significant role in the cost and desirability of real estate Broker associate - correct answer A licensed broker working for another broker False - correct answer A florida real estate licens...
- Exam (elaborations)
- • 16 pages •
Tract building - correct answer When a dev. Acquired land, records a plat map and uses a model center from which sales may be made Local level - correct answer Planning, zoning, property taxation, building and health codes and regulations, and building moratoriums that affect development play a significant role in the cost and desirability of real estate Broker associate - correct answer A licensed broker working for another broker False - correct answer A florida real estate licens...
Real Estate Colibri Practice Exam QUESTIONS AND VERIFIED CORRECT ANSWERS
Which item below can help protect against a home with a listed incorrect street address or legal description in public records? - correct answer Standard coverage title insurance policy and extended coverage title insurance policy Robert owns his property and enjoys the full bundle of rights. Can he use his property as collateral for debt? - correct answer Yes. Robert can encumber his property Which location is an industrial coal plant least likely to be located? - correct answer Adjace...
- Exam (elaborations)
- • 14 pages •
Which item below can help protect against a home with a listed incorrect street address or legal description in public records? - correct answer Standard coverage title insurance policy and extended coverage title insurance policy Robert owns his property and enjoys the full bundle of rights. Can he use his property as collateral for debt? - correct answer Yes. Robert can encumber his property Which location is an industrial coal plant least likely to be located? - correct answer Adjace...
Colibri Real Estate (Real Estate Express) Final Exam Review QUESTIONS AND VERIFIED CORRECT ANSWERS
Broker Jane has been accused of a law violation regarding commissions. Which of the following might result in her being found guilty? A) Jane paid a commission to her licensed personal assistant. B) Jane paid a commission to the wife of one of her licensees who was recently killed in an auto accident. The deceased licensee had earned the commission prior to his death. C) Jane paid a commission plus a bonus to one of her licensees. D) Jane paid a commission to a Florida licensee who is not ...
- Exam (elaborations)
- • 63 pages •
Broker Jane has been accused of a law violation regarding commissions. Which of the following might result in her being found guilty? A) Jane paid a commission to her licensed personal assistant. B) Jane paid a commission to the wife of one of her licensees who was recently killed in an auto accident. The deceased licensee had earned the commission prior to his death. C) Jane paid a commission plus a bonus to one of her licensees. D) Jane paid a commission to a Florida licensee who is not ...
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