Gold Coast Exam Questions & Answers (exam 2024)

Gold Coast Exam Questions & Answers (exam 2024) Property managers who are employed and compensated by community associations are required to obtain and maintain which type of license? - CORRECT ANSWER-CAM What term is used for the practice of specializing in one particular residential neighborhood or type of property? - CORRECT ANSWER-Farming empty - CORRECT ANSWERupon closing a sales transaction who pays the sales associate their contracted commission? - CORRECT ANSWER-Employing Broker 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? - CORRECT ANSWER-$20000 empty - CORRECT ANSWERwhich source will most likely produce the greatest # of potential buyers for a listing? - CORRECT ANSWER-Putting your listing on the MLS empty - CORRECT ANSWERempty - CORRECT ANSWERThe NAR code of ethics specifies duties of real-estate professionals according to ethical standard of conduct. All of the following except? - CORRECT ANSWER-Duties empty - CORRECT ANSWERempty - CORRECT ANSWERWhat is primary purpose of building code regulations? - CORRECT ANSWER-to protect public health, safety and general welfare which auction system is involved with the enforcement of liens due to borrower default? - CORRECT ANSWER-Courthouse Auction Which type of listing allows an owner to list his or her property with more than one broker? - CORRECT ANSWER-Open Listing Which investment term refers to an asset that cannot be sold quickly without lowering the price? - CORRECT ANSWER-illiquid empty - CORRECT ANSWERWhich home staging and prep tip is suggested to help make home more appealing? - CORRECT ANSWER-Brighten room, cleaning window & turning on lights What does a "double entry" refer to o