GOLD COAST 45 HOUR POST LICENSING
EXAM FINAL PAPER 2026 QUESTIONS WITH
COMPLETE SOLUTIONS GRADED A+
◉ What form must a veteran provide that shows the amount of
entitlement available when purchasing a home with DVA?
A. discharge paper
B. entitlement form
C. certificate of eligibility
D. DVA Purchase Agreement. Answer: c
◉ What type of loan is generally viewed as the most secure?
A. conventional loan
B. USDA loan
C. FHA loan
D. VA loan. Answer: a
◉ When a person sells a property and then leases or rents it from
the new property owner, it is known as
,A. an assumption
B. a lien
C. a seller leaseback
D. a no-cost loan. Answer: c
◉ A popular way to avoid having to pay private mortgage insurance
is through the use of
A. 80-10-10 financing
B. single premium financing
C. borrower-paid PMI
D. 70-30 financing. Answer: a
◉ What does the real estate term "caveat emptor" mean?
A. best offer
B. buyer beware
C. consent
D. government right to seize. Answer: b
◉ What should a buyer do if a home inspection report mentions
anything about mold or water damage?
,A. hire an attorney
B. get a separate mold inspection
C. hire a remediation expert
D. get a warranty. Answer: b
◉ What is a common technique that is used when the buyer borrows
from the seller in addition to the lender?
A. a purchase money loan
B. an RHS loan
C. a nonconforming loan
D. a government insured loan. Answer: a
◉ Consensual dual agency requires the licensee to obtain the
written consent of
A. the lender
B. the buyer and the seller
C. the seller
D. the buyer. Answer: b
, ◉ What fee is a percentage of the loan amount charged for the
privilege of obtaining a VA loan?
A. documentation fee
B. funding fee
C. origination fee
D. review fee. Answer: b
◉ The largest amount a seller can pay of a VA purchaser's closing
costs is what percent?
A. 0.25
B. 0.75
C. 0.8
D. 1. Answer: d
◉ What type of communication is the language a person relays to
others through facial expressions, eye contact, body movements, and
other elements?
A. nonverbal communication
B. interpersonal communication
C. oral communication
EXAM FINAL PAPER 2026 QUESTIONS WITH
COMPLETE SOLUTIONS GRADED A+
◉ What form must a veteran provide that shows the amount of
entitlement available when purchasing a home with DVA?
A. discharge paper
B. entitlement form
C. certificate of eligibility
D. DVA Purchase Agreement. Answer: c
◉ What type of loan is generally viewed as the most secure?
A. conventional loan
B. USDA loan
C. FHA loan
D. VA loan. Answer: a
◉ When a person sells a property and then leases or rents it from
the new property owner, it is known as
,A. an assumption
B. a lien
C. a seller leaseback
D. a no-cost loan. Answer: c
◉ A popular way to avoid having to pay private mortgage insurance
is through the use of
A. 80-10-10 financing
B. single premium financing
C. borrower-paid PMI
D. 70-30 financing. Answer: a
◉ What does the real estate term "caveat emptor" mean?
A. best offer
B. buyer beware
C. consent
D. government right to seize. Answer: b
◉ What should a buyer do if a home inspection report mentions
anything about mold or water damage?
,A. hire an attorney
B. get a separate mold inspection
C. hire a remediation expert
D. get a warranty. Answer: b
◉ What is a common technique that is used when the buyer borrows
from the seller in addition to the lender?
A. a purchase money loan
B. an RHS loan
C. a nonconforming loan
D. a government insured loan. Answer: a
◉ Consensual dual agency requires the licensee to obtain the
written consent of
A. the lender
B. the buyer and the seller
C. the seller
D. the buyer. Answer: b
, ◉ What fee is a percentage of the loan amount charged for the
privilege of obtaining a VA loan?
A. documentation fee
B. funding fee
C. origination fee
D. review fee. Answer: b
◉ The largest amount a seller can pay of a VA purchaser's closing
costs is what percent?
A. 0.25
B. 0.75
C. 0.8
D. 1. Answer: d
◉ What type of communication is the language a person relays to
others through facial expressions, eye contact, body movements, and
other elements?
A. nonverbal communication
B. interpersonal communication
C. oral communication
