GOLD COAST 45 HOUR POST LICENSING
EXAM COMPREHENSIVE STUDY GUIDE
2026 QUESTIONS WITH VERIFIED
ANSWERS GRADED A+
⩥ What facts need not be disclosed in a real estate transaction. Answer:
The property was the site of a homicide.
⩥ What is a good graphic to show a seller that there will be more
activity if the property is competitively priced. Answer: The pricing
pyramid
⩥ A home sells for $310,500. Expenses of the sale are $4,800. The
brokerage fee is $18,630. Prorations for taxes and interest are $5,036.
The mortgage payoff is $181,500. What are the seller's proceeds from
the sale. Answer: $100,534
⩥ Filing a suit to quiet title is used when. Answer: a title defect is found,
which is difficult to remove by ordinary means.
⩥ What are the benefits of restrictive covenants?. Answer: Maintain and
enhance value
, ⩥ What's the downside for a principal who has a single agent?. Answer:
Responsible for the single agent's acts
⩥ What is the likely cause of a contract for sale of real estate being ruled
as unenforceable?. Answer: Unwritten agreement
⩥ Aside from a property's location, what is the most important factor
that influences market value?. Answer: Highest and best use
⩥ 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.
EXAM COMPREHENSIVE STUDY GUIDE
2026 QUESTIONS WITH VERIFIED
ANSWERS GRADED A+
⩥ What facts need not be disclosed in a real estate transaction. Answer:
The property was the site of a homicide.
⩥ What is a good graphic to show a seller that there will be more
activity if the property is competitively priced. Answer: The pricing
pyramid
⩥ A home sells for $310,500. Expenses of the sale are $4,800. The
brokerage fee is $18,630. Prorations for taxes and interest are $5,036.
The mortgage payoff is $181,500. What are the seller's proceeds from
the sale. Answer: $100,534
⩥ Filing a suit to quiet title is used when. Answer: a title defect is found,
which is difficult to remove by ordinary means.
⩥ What are the benefits of restrictive covenants?. Answer: Maintain and
enhance value
, ⩥ What's the downside for a principal who has a single agent?. Answer:
Responsible for the single agent's acts
⩥ What is the likely cause of a contract for sale of real estate being ruled
as unenforceable?. Answer: Unwritten agreement
⩥ Aside from a property's location, what is the most important factor
that influences market value?. Answer: Highest and best use
⩥ 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.
