Gold Coast Class Practice Test

These questions are part of the practice quiz. Start practicing

• What should a broker do when they don't know what to do with an escrow?
• Which form of co-ownership includes possession, interest, time, and survivorship?
• Which act focuses on ensuring equal access to credit and prohibits discrimination in loan approvals?
• A purchase money mortgage involves financing by whom?
• Which cannot be issued by the DBPR?
• This is regarding in americans in disabilities act
• If a broker authorizes a sales associate to deal with the principal, who holds fiduciary duties?
• In a school zone with reduced speed signs, when must you obey the reduced speed limit?
• What issue does an over-improved property suffer from?
• What is required for a valid contract?
• Which legal doctrine requires certain contracts to be in writing to be enforceable?
• What is the main purpose of road rules?
• When is signaling required for lane changes?
• If you encounter a car with hazard lights while in a queue, what should you assume about its priority?
• When parking on a street with a curb and you are facing uphill, what should you do with the wheels?
• Which term describes the value of a profitable business as a going concern?
• What term describes physical land and improvements along with the rights?
• A no stopping sign means you must not stop in the marked area unless:
• A buyer purchases a property; what will happen to the taxes due to the Saved Our Homes Act?
• Which statement about the Statute of Frauds is true?
• What event terminates the estate by entireties and converts to tenancy in common?
• What must a broker do when they find out that the title is not merchantable?
• Which statute stipulates time periods to enforce contracts?
• After defaulting on a mortgage prior to foreclosure, the mortgagor has the right to redemption. What is this right called?
• At a drawbridge crossing with a gate, what should you do?
• Which form of co-ownership allows two or more individuals to own property with equal or differing shares and does not include a right of survivorship?
• What is the recommended way to handle overtaking on a narrow road with oncoming traffic?
• Which of the following is NOT a triggering term in loan advertising?
• What should you do if a vehicle is following you too closely?
• Which instrument is used to pledge real property as security for a loan?
• What is an agency relationship?
• Which statement best describes the impact of the Saved Our Homes Act on property taxes?
• What term includes the land, permanent improvements, and the rights appurtenant to it?
• Which statement accurately describes the effect of an 'as is' provision with respect to defect disclosures?
• When approaching a parked vehicle and doors may open, how should you pass?
• What is the correct approach to a multi-lane roundabout?
• What must you do at a drawbridge or canal crossing if signs indicate a gate?
• Which legal mechanism allows contractual rights to be transferred to another party?
• Earnest money is typically held by which type of entity in a real estate transaction?
• The holder of power of attorney is called what?
• Which mortgage clause limits a lender's rights to foreclose?
• How may a city acquire private land for a public school?
• When a broker is unsure how to handle an escrow, which action should be taken?
• What must a real estate corporation have?
• Which option contract characteristic describes a buyer's right?
• At marked pedestrian crossings where pedestrians are present, what should you do?
• When is it appropriate to use a horn?
• In appraisal terms, which scenario would be classified as over improvement?
• What is the rule about not overtaking on a solid line?
• An out-of-state broker gave a referral but they did not participate. Which statement is true under Florida license law?
• If a licensee has a broker's license but continues to operate as a sales associate, what is the proper designation?
• In joint tenancy, what feature ensures that ownership passes to remaining co-owners upon a co-owner's death?
• A sales associate forgets to take their 45 hours. What is the license status?
• Which act requires lenders to judge loan applicants on the basis of credit?
• When approaching a marked pedestrian crossing, if a pedestrian is waiting to cross, you should:
• In a roadwork zone you should:
• What is the primary reference point for metes and bounds descriptions?
• Which entity is not a primary lender?
• Which process allows a government body to acquire private land for public use with compensation?
• Which of the following is not a remedy for a breach of contract in real estate transactions?
• What type of contract has some of the terms and conditions?
• Which scenario is NOT an example of eminent domain?
• What must you do in a school zone when signs indicate a reduced speed?
• What is the proper action after spilling a load in terms of safety and compliance?
• What is a specific lien?
• What is the primary goal of the Gold Coast Class Practice Test?
• What type of relationship is typical for a single business transaction?
• What should you do when approaching a pedestrian at a crosswalk without signals?
• What is the rule about using the left lane while driving on multi-lane roads?
• In a lien theory state, who holds the title to the mortgaged property?
• What is the proper action near children playing near the road?
• What are the FHA ratios?
• For overtaking a cyclist on a shared road, the recommended passing distance is:
• What should you do when approaching a pedestrian at a crosswalk without signals?
• How should you maintain situational awareness at intersections?
• Which document outlines the terms of a mortgage loan, including the principal amount, interest rate, and repayment schedule?
• If you are at a green light and pedestrians are crossing, what should you do?
• Zero lot line is a feature commonly associated with which type of development?
• What is the parcel identification unit used by county assessors to identify a property?
• A sales associate concentrates on a certain area. What is this practice called?
• A broker represents both parties as a single agency? The broker is in violation of 475
• Which term describes focusing on a geographic area to generate listing opportunities?
• Which item will appear as a credit to the buyer at closing?
• What is a special assessment?
• What does a no stopping sign mean?
• What does a solid white line along the edge of the road indicate?
• Owner developers are?
• Which of the following is NOT a typical characteristic of a Planned Unit Development (PUD)?
• Which statement about an out-of-state broker who provides a referral but does not participate is true under Florida license law?
• Starting at section 10 and two places west, what section number do you reach?
• What is the term for a listing contract that guarantees the broker a commission regardless of who sells the property?
• What type of business entity is legally formed to operate for profit?
• Which lane usage is appropriate for normal driving on a multi-lane road?
• What federal law requires borrowers to be informed of settlement costs?
• What can a real estate brokerage be registered as?
• What survey system is normally used today for legal descriptions of parcels?
• Which term describes the starting point used in a metes-and-bounds property description?
• If a group of individuals forms a brokerage partnership and all want to practice real estate, what must they all be licensed as?
• Which of the following is not a form of co-ownership?
• Which tax applies to a new mortgage but not to an assumed mortgage?
• An 'as is' provision has what effect on the seller's duty to disclose material defects?
• Which examples represent a specific lien?
• If a seller refuses to sign an offer but the broker finds a buyer who meets the seller's terms, what is the broker's right to compensation?
• If a property borders a river, what rights does the owner have?
• In a mortgage transaction, who is the mortgagee?
• How should you adjust driving for a windy day?
• Which value describes the value of a business as an ongoing enterprise?
• Under wet or low visibility conditions, how should your following distance change relative to the two-second rule?
• What does the Federal Housing Administration (FHA) do?
• What is used to cure a defect in title?
• If you are driving on a multi-lane road with traffic in the same direction, when is overtaking on the left allowed?
• If there is oncoming traffic on a narrow road, what should you do before overtaking?
• If you miss your exit on a roundabout, what should you do?
• Which tax is commonly assessed on a deed during property transfer?
• What concept ensures a buyer will not pay more for a property than similar properties in the area would cost?
• Which institutions can hold earnest money?
• What is the recommended speed behavior when approaching a curve?
• Where is a broker's office not allowed to be located?
• Which lien is a specific lien?
• Under a power of attorney, the agent is called as 'Attorney in fact'?
• What is the name of the number that the county property appraisal assigns to every property?
• When you see a car with hazard lights in a queue, what is the recommended driving behavior?
• Which ownership form includes a right of survivorship and is common among married couples?
• How is prepaid interest on a purchase money mortgage allocated?
• Which of the following is NOT typically a feature of a special assessment?
• Which term describes the rights of landowners whose land borders a river?
• When you see a sign indicating a reduced speed limit, what should you do?
• If a buyer defaults in a contract, the seller may seek what remedy against the escrow?
• If a homeowner defaults on a mortgage and the property is sold at auction, who receives the surplus funds?
• A landlord's action related to security deposits includes which?
• What term describes the value of a business if it is forced to cease operations and sell off assets?
• Who signs the deed in a property transfer?
• A home has a value of 100,000 and a pool of 75,000. This scenario is best described as what?
• What should you do with your high beams when another vehicle is approaching?
• Tax assessment for 2022 delinquent date?
• Who does not have to sign the deed?
• Under a lien theory arrangement, which party retains title to the mortgaged property until the loan is repaid?
• A licensee has a buyer who is the principal. What type of agency relationship exists?
• What should you do in a roadwork zone?
• What action should you take when approaching a railway level crossing with flashing lights?
• If a bus is stopped to load passengers, what should you do?
• When is it permissible to overtake on the left in Australian driving?
• What is the proper action for safe passing on a two-way road when you intend to overtake another vehicle?
• Under the ADA, which statement is true about modifications?
• What should you do when a parked car may open its door as you pass?
• Upon full repayment of a loan, what document does the mortgagor receive?
• What is the requirement regarding seat belts?
• When the Department of Business and Professional Regulation denies a license, what must it provide to the applicant?
• What is the proper approach to a curve in terms of speed?
• Which entity is responsible for licensing real estate professionals in many states, including Florida?
• What should you do when you are following a bus that has stopped to load passengers?
• How should you share the road with horse riders?
• Which deed is best for a grantor?
• A postdated check in real estate practice should be handled how?
• What value is used to calculate depreciation for a county courthouse?
• Regarding a real estate broker's office, what is true about a branch during the license period?
• What should you do when entering a motorway from an on-ramp?
• In agency terms, which arrangement describes a licensee representing only the buyer or only the seller?
• In a gross lease arrangement, which party typically bears taxes, insurance, and maintenance costs?
• How should you use your mirrors before changing lanes?
• A sales associate wants to get their broker's license. How many hours are listed?
• Ginnie Mae is an acronym for which organization?
• How should you drive in wet or rainy conditions?
• Which deed provides the fewest covenants and the least protection to the grantee?
• Which of the following describes a void contract?
• What offers must be submitted to the seller?
• What is the rule for using a handheld phone while driving?
• What age is used for depreciation in appraisals?
• Who has priority at a roundabout?
• Which form of ownership between spouses is terminated by divorce and converts to tenancy in common?
• How should you manage your speed on a road with two-way traffic?
• If an owner of a property gave another party a right to buy at a fixed specified time period, what is this called?
• A sales associate forgets to collect a deposit. What charge applies?
• What is the rule regarding child restraint installation accuracy?
• What is the correct action near an emergency vehicle with sirens when you are not already in the left lane?
• In real estate terms, what is the term for land growth due to natural forces, opposite of erosion?
• What should a sales associate with a postdated check do?
• What is the primary goal of the practice test?
• At a STOP sign, what should you do with pedestrians?
• The chairperson of the Florida Real Estate Commission acting alone has which powers?
• At a roundabout, which action ensures you communicate your intended exit?
• Which type of non-freehold estate has a specified duration?
• In a closing, which payment is typically credited to the buyer as part of closing costs?
• What is a disadvantage of investing in real estate?
• What should you do if you spill a load while driving?
• Which term describes the party who borrows money secured by a mortgage?
• How should you respond to an ambulance or police car approaching with sirens?
• What is the default speed limit in built-up areas unless signs say otherwise?
• What term describes ending a contract by mutual agreement?
• Which statement best describes a void contract?
• What is the role of speed cameras?
• How should you maintain safe distances on a road with two-way traffic?
• When passing a horse rider or cyclist, what is the recommended action?
• In agency terminology, what term describes a limited agent authorized to perform a single act?
• Which principle states that a knowledgeable buyer will pay no more for a property than the cost of a comparable property?
• What is the correct action if you experience a tyre blowout?
• In a lien theory state, who holds title to the mortgaged property?
• The chairmen of F.R.E.C. acting alone has what kind of powers?
• When turning left from a one-way street onto another one-way street, what is proper?
• How should you treat a bike lane when driving a car?
• When approaching a railway level crossing, you should stop if signals indicate danger or gates are down; you should only proceed when:
• What following distance is recommended under ideal conditions?
• Which is the correct action when wind gusts affect steering?
• What should you do at a STOP sign?
• The term Lot and Block is most closely associated with which surveying approach?
• Which document transfers ownership of property at closing?
• When should you use your indicators for a turn or lane change?
• Which listing contract guarantees the broker a commission regardless of who finds a buyer?
• What is the illegal real estate practice that involves encouraging homeowners to sell by exploiting fears of neighborhood change?