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Azure Practice Exam /100 Questions And Answers (A+)
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Azure Practice Exam 2023-2024 /100 Questions AndAnswers (A+)
Quiz :Donna is the property manager for an apartment building complex. Sarah
used to live in the complex but moved to a house recently. Sarah referred her
sister, Pam, to Donna for Pam to become a new tenant. Donna paid Sarah $50
for the referral. Which statement about this situation is true? - √Answer :This is
illegal, per RESPA because Sarah no longer lives in the apartment building.
Quiz :Leora lived in her home for a long time. She took good care of her
property. However, her neighbor did not. When Leora had her property
appraised, she discovered that she lost value because of the condition of her
neighbor's property. This is called what? - √Answer :Regression
Quiz :April, a sales associate, represented a buyer and seller in the same
transaction. She presented the buyer with the homeowner association disclosure
two days before closing. Which statement is false? - √Answer :April's right to
rescind doesn't count down until she receives the actual homeowner association
documents.
Quiz :Which of the following is an example of a bilateral contract? -
√Answer :Tim who just rented an apartment.
Quiz :Under the Fair Housing Act of 1968, which category of groups are
protected from discrimination? - √Answer :National Origin
Quiz :You sell Janice a current up-to-date rental list and provide all the proper
disclosures and paperwork. Janice contacts you 35 days later and asks for a
refund in writing because she did not rent a place from the list. She is entitled to
how much of a refund? - √Answer :0%
Quiz :The state of Florida requires all brokerage offices to have at least one
enclosed room in a building of stationary construction what other criteria? -
√Answer :An entrance sign
Quiz :When the Department investigated a complaint against Mick, a licensee,
the investigator believed that the charges were too serious to allow the licensee
to practice real estate during the investigation and hearings. Which statement is
true? - √Answer :The DBPR Secretary could initiate a summary suspension
against Mick to suspend his license until the matter was resolved.
, Quiz :As joint tenants, David and Amy bought an investment property. Amy
died suddenly. Which statement is true? - √Answer :David owned the property
as an estate in severalty.
Quiz :Stefanie had a rental property. There were 14 units. After she subtracted
for collection and vacancy losses, she totaled $23,500 income for the month.
What did she calculate? - √Answer :Effective Gross Income
Quiz :Which group is responsible for the preparation of the comprehensive plan
or plan amendment? - √Answer :The Planning Commission
Quiz :How many miles from the base line is T3S, R7W? - √Answer :18
Quiz :Sally is buying a home and the closing date is set for April 20th. The
annual property taxes are $1,234.00 and have not been paid yet. How much will
the buyer be credited and the seller be debited? - √Answer :$368.51
Quiz :Yvette claimed Giselle's property through adverse possession. To have
done so successfully, Yvette would have to have done all the following except
what? - √Answer :Do so for a continuous period of 10 Years
Quiz :Which of the following statements are false regarding The Real Estate
Settlement Procedures Act (RESPA)? - √Answer :Kickbacks are said to harm
consumers by driving down the cost of transactions.
Quiz :Winnie failed to add to her application for a Florida real estate license the
fact that she had previously been convicted of theft. Which statement is true? -
√Answer :Failure for Winnie to disclose the theft would be viewed as falsifying
an application.
Quiz :A building erected permanently on a property is considered what? -
√Answer :Real Property
Quiz :Broker Hope took an earnest money deposit from Buyer Burt. She placed
the deposit in her brokerage operating account. Which statement accurately
describes what Hope did? - √Answer :Hope commingled trust funds by placing
the money with company funds which is illegal.
Quiz :You list a home on the Atlantic for $4,250,000. The seller agrees to pay a
6% commission. However, the seller agrees that he will pay 7% commission on
the amount of purchase price above $3,750,000. The home sells for $4,100,000.
How much is the total commission? - √Answer :$249,500
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