GOLD COAST REAL ESTATE EXAM QUESTIONS WITH
VERIFIED ANSWERS | COMPREHENSIVE REVIEW
QUEENSLAND PROPERTY LICENSING | REAL ESTATE
AGENT CERTIFICATION
INTRODUCTION .
This comprehensive practice examination is designed for candidates preparing for the Gold Coast
Real Estate Exam (Queensland) for the current licensing cycle. This exam assesses knowledge of
Queensland property legislation, agency practices, sales and marketing, property management,
body corporate, trust accounting, and ethical obligations required for real estate agent licensing.
Licensing Information:
• Jurisdiction: Queensland, Australia (Gold Coast region)
• Regulatory Authority: Office of Fair Trading (OFT) Queensland
• Key Legislation: Property Occupations Act 2014, Agents Financial Administration Act
2014, Residential Tenancies and Rooming Accommodation Act 2008, Body Corporate and
Community Management Act 1997, Land Sales Act 1984, Property Law Act 1974
• Licence Types: Full Licence (Real Estate Agent), Restricted Licence (Salesperson), Property
Manager, Resident Letting Agent, Principal Licence
• Exam Format: Multiple-choice, scenario-based, calculation questions
• Prerequisites: Completion of prescribed qualifications (Certificate IV or Diploma of
Property Services)
Section 1: Agency Relationships and Appointment (Questions 1-20)
Q1: A real estate agent owes which of the following fiduciary duties to their principal
(seller/landlord)? (Select all that apply)
• A. Loyalty (act in best interests of principal)
• B. Disclosure of conflicts of interest
• C. Confidentiality of client information
• D. Obedience to lawful instructions
• E. Accounting for all monies received
, • F. Reasonable care, skill, and diligence
[CORRECT] A, B, C, D, E, F
Rationale:
• All six are fiduciary duties under common law and the Property Occupations Act 2014:
loyalty, disclosure, confidentiality, obedience, accounting, and care/skill/diligence. Breach
of fiduciary duty can result in disciplinary action and civil liability.
Q2: Under the Property Occupations Act 2014, a real estate agent must disclose any conflict of
interest to the principal:
• A. Only if the conflict is significant
• B. As soon as practicable after becoming aware of the conflict
• C. Only after the contract is signed
• D. Only if the principal asks about it
[CORRECT] B. As soon as practicable after becoming aware of the conflict
Rationale:
• Section 142 of the Property Occupations Act 2014 requires an agent to disclose any conflict
of interest to the principal as soon as practicable after becoming aware of it. Failure to
disclose is an offence.
Q3: Which of the following types of agency appointments gives the agent exclusive rights to sell
the property and earn commission regardless of who finds the buyer, but with exceptions for the
owner's own efforts (if written in the agreement)?
• A. General agency
• B. Open listing
• C. Sole agency
• D. Exclusive agency
[CORRECT] D. Exclusive agency
Rationale:
• Exclusive agency (also called sole agency in some contexts) gives the agent the exclusive
right to sell; commission is payable even if the owner finds the buyer unless an exception is
written. Open listing allows multiple agents, commission only paid by agent who
introduces buyer. General agency broader authority.
,Q4: A seller signs an appointment with an agent that allows the agent to be the only agent
marketing the property, but the seller retains the right to find their own buyer without paying
commission. This is known as:
• A. Exclusive agency
• B. Sole agency
• C. General agency
• D. Multiple listing
[CORRECT] B. Sole agency
Rationale:
• Sole agency gives the agent exclusive rights to market the property, but the owner reserves
the right to find a buyer independently without paying commission (must be stated in the
agreement). Exclusive agency typically pays commission even if owner finds buyer (unless
exception is written).
Q5: The prescribed form for appointing a real estate agent to sell property in Queensland is:
• A. Form 6 – Appointment of Real Estate Agent
• B. Form 20 – Authority to Act
• C. Form 7 – Nomination of Salesperson
• D. REIQ Contract of Sale
[CORRECT] A. Form 6 – Appointment of Real Estate Agent
Rationale:
• The Property Occupations Act 2014 prescribes Form 6 for appointing a real estate agent to
sell property. Form 7 is for nomination of a salesperson or property manager. Form 20 is
for authority to act for buyer/tenant.
Q6: A principal (seller) may terminate an agency agreement without penalty:
• A. At any time for any reason
• B. Only within the cooling-off period (if applicable)
• C. For breach of the agreement or misconduct by the agent
• D. Only after 90 days
[CORRECT] C. For breach of the agreement or misconduct by the agent
, Rationale:
• Termination without penalty is allowed if the agent breaches the agreement or engages in
misconduct (e.g., breach of fiduciary duty, fraud, negligence). Termination without cause
may trigger payment of commission or damages depending on agreement terms.
Q7: Form 20 – Authority to Act is used when:
• A. A seller appoints an agent to sell property
• B. A buyer or tenant appoints an agent to act on their behalf
• C. A body corporate appoints a manager
• D. A lender registers a mortgage
[CORRECT] B. A buyer or tenant appoints an agent to act on their behalf
Rationale:
• Form 20 is the prescribed form for appointment of an agent by a buyer or tenant (also
called buyer's agency agreement). It establishes the agency relationship for purchasing or
leasing property.
Q8: Which of the following constitutes a general agency appointment?
• A. Appointment to sell one specific property
• B. Appointment to manage all rental properties in a landlord's portfolio on an ongoing basis
• C. Appointment to find a buyer for a specific property within 60 days only
• D. Appointment to conduct a single auction event
[CORRECT] B. Appointment to manage all rental properties in a landlord's portfolio on an
ongoing basis
Rationale:
• General agency involves ongoing authority to act for the principal in multiple matters or
over time (e.g., property management). Specific/special agency is limited to one
transaction or property (e.g., Form 6 for selling one property).
Q9: Under Queensland law, an agent acting for a seller must present all written offers to the
principal:
• A. Only if the offer is above the listed price
• B. Only if the agent thinks the seller will accept
VERIFIED ANSWERS | COMPREHENSIVE REVIEW
QUEENSLAND PROPERTY LICENSING | REAL ESTATE
AGENT CERTIFICATION
INTRODUCTION .
This comprehensive practice examination is designed for candidates preparing for the Gold Coast
Real Estate Exam (Queensland) for the current licensing cycle. This exam assesses knowledge of
Queensland property legislation, agency practices, sales and marketing, property management,
body corporate, trust accounting, and ethical obligations required for real estate agent licensing.
Licensing Information:
• Jurisdiction: Queensland, Australia (Gold Coast region)
• Regulatory Authority: Office of Fair Trading (OFT) Queensland
• Key Legislation: Property Occupations Act 2014, Agents Financial Administration Act
2014, Residential Tenancies and Rooming Accommodation Act 2008, Body Corporate and
Community Management Act 1997, Land Sales Act 1984, Property Law Act 1974
• Licence Types: Full Licence (Real Estate Agent), Restricted Licence (Salesperson), Property
Manager, Resident Letting Agent, Principal Licence
• Exam Format: Multiple-choice, scenario-based, calculation questions
• Prerequisites: Completion of prescribed qualifications (Certificate IV or Diploma of
Property Services)
Section 1: Agency Relationships and Appointment (Questions 1-20)
Q1: A real estate agent owes which of the following fiduciary duties to their principal
(seller/landlord)? (Select all that apply)
• A. Loyalty (act in best interests of principal)
• B. Disclosure of conflicts of interest
• C. Confidentiality of client information
• D. Obedience to lawful instructions
• E. Accounting for all monies received
, • F. Reasonable care, skill, and diligence
[CORRECT] A, B, C, D, E, F
Rationale:
• All six are fiduciary duties under common law and the Property Occupations Act 2014:
loyalty, disclosure, confidentiality, obedience, accounting, and care/skill/diligence. Breach
of fiduciary duty can result in disciplinary action and civil liability.
Q2: Under the Property Occupations Act 2014, a real estate agent must disclose any conflict of
interest to the principal:
• A. Only if the conflict is significant
• B. As soon as practicable after becoming aware of the conflict
• C. Only after the contract is signed
• D. Only if the principal asks about it
[CORRECT] B. As soon as practicable after becoming aware of the conflict
Rationale:
• Section 142 of the Property Occupations Act 2014 requires an agent to disclose any conflict
of interest to the principal as soon as practicable after becoming aware of it. Failure to
disclose is an offence.
Q3: Which of the following types of agency appointments gives the agent exclusive rights to sell
the property and earn commission regardless of who finds the buyer, but with exceptions for the
owner's own efforts (if written in the agreement)?
• A. General agency
• B. Open listing
• C. Sole agency
• D. Exclusive agency
[CORRECT] D. Exclusive agency
Rationale:
• Exclusive agency (also called sole agency in some contexts) gives the agent the exclusive
right to sell; commission is payable even if the owner finds the buyer unless an exception is
written. Open listing allows multiple agents, commission only paid by agent who
introduces buyer. General agency broader authority.
,Q4: A seller signs an appointment with an agent that allows the agent to be the only agent
marketing the property, but the seller retains the right to find their own buyer without paying
commission. This is known as:
• A. Exclusive agency
• B. Sole agency
• C. General agency
• D. Multiple listing
[CORRECT] B. Sole agency
Rationale:
• Sole agency gives the agent exclusive rights to market the property, but the owner reserves
the right to find a buyer independently without paying commission (must be stated in the
agreement). Exclusive agency typically pays commission even if owner finds buyer (unless
exception is written).
Q5: The prescribed form for appointing a real estate agent to sell property in Queensland is:
• A. Form 6 – Appointment of Real Estate Agent
• B. Form 20 – Authority to Act
• C. Form 7 – Nomination of Salesperson
• D. REIQ Contract of Sale
[CORRECT] A. Form 6 – Appointment of Real Estate Agent
Rationale:
• The Property Occupations Act 2014 prescribes Form 6 for appointing a real estate agent to
sell property. Form 7 is for nomination of a salesperson or property manager. Form 20 is
for authority to act for buyer/tenant.
Q6: A principal (seller) may terminate an agency agreement without penalty:
• A. At any time for any reason
• B. Only within the cooling-off period (if applicable)
• C. For breach of the agreement or misconduct by the agent
• D. Only after 90 days
[CORRECT] C. For breach of the agreement or misconduct by the agent
, Rationale:
• Termination without penalty is allowed if the agent breaches the agreement or engages in
misconduct (e.g., breach of fiduciary duty, fraud, negligence). Termination without cause
may trigger payment of commission or damages depending on agreement terms.
Q7: Form 20 – Authority to Act is used when:
• A. A seller appoints an agent to sell property
• B. A buyer or tenant appoints an agent to act on their behalf
• C. A body corporate appoints a manager
• D. A lender registers a mortgage
[CORRECT] B. A buyer or tenant appoints an agent to act on their behalf
Rationale:
• Form 20 is the prescribed form for appointment of an agent by a buyer or tenant (also
called buyer's agency agreement). It establishes the agency relationship for purchasing or
leasing property.
Q8: Which of the following constitutes a general agency appointment?
• A. Appointment to sell one specific property
• B. Appointment to manage all rental properties in a landlord's portfolio on an ongoing basis
• C. Appointment to find a buyer for a specific property within 60 days only
• D. Appointment to conduct a single auction event
[CORRECT] B. Appointment to manage all rental properties in a landlord's portfolio on an
ongoing basis
Rationale:
• General agency involves ongoing authority to act for the principal in multiple matters or
over time (e.g., property management). Specific/special agency is limited to one
transaction or property (e.g., Form 6 for selling one property).
Q9: Under Queensland law, an agent acting for a seller must present all written offers to the
principal:
• A. Only if the offer is above the listed price
• B. Only if the agent thinks the seller will accept
