GOLD COAST 45 HOUR NEWEST 2025 ACTUAL

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GOLD COAST 45 HOUR NEWEST 2025 ACTUAL

EXAM COMPLETE 300 QUESTIONS AND

CORRECT DETAILED ANSWERS (VERIFIED

ANSWERS) |ALREADY GRADED A+||BRAND

NEW!!

What is the time period established by the IRS over which non residential investment real estate can be depreciated?

• 39 years
• 27.5 years
• 22 years
• 15 years - ANSWER-A. 39 years

All of the following items are relevant when estimating the

value of a business except:

• Personal property owned
• Short-term liabilities
• Business goodwill
• Personal income taxes - ANSWER-D. Personal income taxes 1 / 4

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Which document indicates the financial condition of a business as of a particular time?

• Operating statement
• Profit and loss statement
• Balance sheet
• Bank statement - ANSWER-C. Balance sheet

Which of the following statements best describes business brokerage?

• It should not be conducted by real estate licenses
• It cannot be conducted by real estate licensees
• It consists primarily of analyzing financial statements
• It would rarely involve security transactions - ANSWER-C. It

consists primarily of analyzing financial statements

Real estate ,ice sees who are engaged in business brokerage might need to have a securities license if the transaction involves which of the following?

• Negotiation of a new mortgage loan
• An analysis of financial statements 2 / 4

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• Renegotiation of a. Existing lease
• Transferring shares of stock or limited partnership interests -

ANSWER-D. Transferring shares of stock or limited partnership interests

Under the Uniform Commercial Code, what is the document used to secure financing of personal property?

• Deed
• Bill of sale
• Security agreement
• Trust agreement - ANSWER-C. Security agreement

All of the following are considered business assets, except:

• Goodwill
• Notes payable
• Accounts receivable
• Furniture and equipment - ANSWER-B. Notes payable

Which document most closely resembles a deed?

• Bill of sale
• Security agreement 3 / 4

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• Balance sheet
• Operating statement - ANSWER-A. Bill of sale

Which of the following is not considered an operating expense for appraisal of income tax purpose?

• Fixed expenses
• Variable expenses
• Reserve for replacements
• Annual debt service - ANSWER-D. Annual debt service

What type of value does an appraiser most commonly estimate?

• Book
• Market
• Insurable
• Condemnation - ANSWER-B. Market

How is investment value best defined?

• The value to an individual
• The highest price of a property would sell for in an open

market

• The value based on the use of the property
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