What is the form you sign that says you will pay
the loan back ? – \u221aAnswer>promissory note
-What is the post licensing grace period after first
expiration ? – \u221aAnswer>none
-Deposits is a form of\u2026 – \u221aAnswer>valuable
consideration
-Physical land and improvements – \u221aAnswer>real
property
-Is it a violation if a sales associate work for two
brokers Monday-Friday, and Saturday and Sunday
and getting paid commission from both –
\u221aAnswer>Yes
-What is the maximum fine per offense ? –
\u221aAnswer>$5,000 per fine
-Out of state broker sends a customer, and had no
part in the transaction and requests a referral fee,
should he expect a commission ? – \u221aAnswer>yes.
GOLD COAST FINAL
EXAM QUESTIONS AND
ANSWERS GRADED A+
1 \/ 2
-How many acres in one quarter of a section ? –
\u221aAnswer>160
-What do you do when there is conflict in who
escrow goes to – \u221aAnswer>notify FREC
-When do you NOT have to notify FREC about
conflict of escrow ? – \u221aAnswer>contingent on the
contract
-T\/F Grantee and Grantor has to sign the deed –
\u221aAnswer>False
-What statute has to deal with contracts being in
writing ? – \u221aAnswer>Statute of Frauds
-T\/F A broker can have an office an office in a
motorhome – \u221aAnswer>false
-Broker deposits $10,000 of personal funds into
escrow account, what is he guilty of ? –
\u221aAnswer>commingling
-What is the best deed from the grantors POV? –
\u221aAnswer>Quitclaims Deed
-What is the law that states that lenders have to
tell you the truth about the interest rate ? –
\u221aAnswer>Truth in Lending<\/p>\n","protected":false},"excerpt":{"rendered":"
What is the form you sign that says you will paythe loan back ? – \u221aAnswer>promissory note-What is the post licensing grace period after firstexpiration ? – \u221aAnswer>none-Deposits is a form of\u2026 – \u221aAnswer>valuableconsideration-Physical land and improvements – \u221aAnswer>realproperty-Is it a violation if a sales associate work for twobrokers Monday-Friday, and Saturday and Sundayand getting […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[25],"tags":[],"class_list":["post-113880","post","type-post","status-publish","format-standard","hentry","category-exams-certification"],"_links":{"self":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/113880","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/comments?post=113880"}],"version-history":[{"count":0,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/113880\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/media?parent=113880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/categories?post=113880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/tags?post=113880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}