1
GOLD COAST REAL ESTATE 63 HOUR
COURSE TEST EXAM WITH CORRECT
ACTUAL QUESTIONS AND CORRECTLY
WELL DEFINED ANSWERS LATEST
ALREADY GRADED A+ 2025 – 2026
one acre equals - (ANSWER)43,560 square feet
One mile is how many feet - (ANSWER)5280 feet
Plat or recorded plat is also known as - (ANSWER)Lot and block
Assessor's parcel number (APN) is - (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 - (ANSWER)Is 6 miles sq and contains 36 square miles.
A section in a Township - (ANSWER)Is 1 square mile
N 22 degrees E opposite is - (ANSWER)S 22 degrees W
, 2
Surveyor's method is also known as - (ANSWER)Metes and bounds method which
is the oldest and most accurate
Point of beginning (POB) - (ANSWER)Survey begins by giving directions from the
monument to the edge of the property
Which are junior liens - (ANSWER)Mortgage liens, and construction aka (specific
liens)
Superior liens take priority above all liens They are paid first in a foreclosure sale
they are - (ANSWER)Real estate property taxes and special assessment lien
(sidewalk)
Gross lease is usually a - (ANSWER)Residential lease
Net lease - (ANSWER)A commercial & a an industrial lease are commonly net
leases
Percentage lease is common in - (ANSWER)Retail centers and shopping malls
Statute of Frauds provides protection against fraud in the sale. It requires a
contract for the transfer of a right or interest in land to be in writing in order to be
enforceable. - (ANSWER)True or False
, 3
Poral or Oral contracts are how many years? - (ANSWER)Four years
Written contracts how many years can be enforced? - (ANSWER)5 years
What are 4 essential elements necessary to create a valid contract: -
(ANSWER)Lawful subject, offer & acceptance, consideration(money), competent
parties
Implied contract - (ANSWER)Oral (nothing in writing)
Eminent Domain is - (ANSWER)Government taking property for public use
Escheat - (ANSWER)Allows the state to acquire ownership of property when an
owner dies intestate and no lawful heirs can be located.
Condemnation proceeding - (ANSWER)The action to enforce the sale, both
parties will typically have the property appraised then a decision is made in a trial
by jury.
Best deed for buyer - (ANSWER)General warranty deed (best protection to the
grantee of any deed
The best deed for the seller to give - (ANSWER)Quitclaim deed
GOLD COAST REAL ESTATE 63 HOUR
COURSE TEST EXAM WITH CORRECT
ACTUAL QUESTIONS AND CORRECTLY
WELL DEFINED ANSWERS LATEST
ALREADY GRADED A+ 2025 – 2026
one acre equals - (ANSWER)43,560 square feet
One mile is how many feet - (ANSWER)5280 feet
Plat or recorded plat is also known as - (ANSWER)Lot and block
Assessor's parcel number (APN) is - (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 - (ANSWER)Is 6 miles sq and contains 36 square miles.
A section in a Township - (ANSWER)Is 1 square mile
N 22 degrees E opposite is - (ANSWER)S 22 degrees W
, 2
Surveyor's method is also known as - (ANSWER)Metes and bounds method which
is the oldest and most accurate
Point of beginning (POB) - (ANSWER)Survey begins by giving directions from the
monument to the edge of the property
Which are junior liens - (ANSWER)Mortgage liens, and construction aka (specific
liens)
Superior liens take priority above all liens They are paid first in a foreclosure sale
they are - (ANSWER)Real estate property taxes and special assessment lien
(sidewalk)
Gross lease is usually a - (ANSWER)Residential lease
Net lease - (ANSWER)A commercial & a an industrial lease are commonly net
leases
Percentage lease is common in - (ANSWER)Retail centers and shopping malls
Statute of Frauds provides protection against fraud in the sale. It requires a
contract for the transfer of a right or interest in land to be in writing in order to be
enforceable. - (ANSWER)True or False
, 3
Poral or Oral contracts are how many years? - (ANSWER)Four years
Written contracts how many years can be enforced? - (ANSWER)5 years
What are 4 essential elements necessary to create a valid contract: -
(ANSWER)Lawful subject, offer & acceptance, consideration(money), competent
parties
Implied contract - (ANSWER)Oral (nothing in writing)
Eminent Domain is - (ANSWER)Government taking property for public use
Escheat - (ANSWER)Allows the state to acquire ownership of property when an
owner dies intestate and no lawful heirs can be located.
Condemnation proceeding - (ANSWER)The action to enforce the sale, both
parties will typically have the property appraised then a decision is made in a trial
by jury.
Best deed for buyer - (ANSWER)General warranty deed (best protection to the
grantee of any deed
The best deed for the seller to give - (ANSWER)Quitclaim deed
