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Azure tide realty 45hr pratice exam (complete)Questions and Answers
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Azure tide realty 45hr pratice exam (complete)Questions and Answers
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10/8/24, 6:33 AMScheduled maintenance: October 9, 2024 from 01:45 AM to 03:45 AM
Azure tide realty 45hr pratice exam
Jeremiah
Terms in this set (100)
Which statement would you advise agent Within walking distance of the Gulf of Mexico
Jerome not use in his listing advertisement
due to Fair Housing Laws?
Which of the following is correct about the The buyer may choose to walk away from the contract for any reason.
inspection period?
Someone could be heard crying for help Because it is an emergency, the owner may enter.
from an apartment. Which statement is
true?
You have just concluded a buyer "You don't have to worry about that because my commission is paid by the seller at
presentation with Taylor. She likes you and closing. Since you don't have to pay me yourself, wouldn't it make sense to work
you helped her sister buy a house 6 months together?"
ago. She is really excited about getting
started. You put the buyer broker
agreement in front of her, but you notice
she looks very worried and did not sign it
right away. You ask her if she has any
questions. She immediately says, "Yes, I
don't know how I am going to pay you for
helping me. A guy at work said he had to
pay his real estate agent $10,000. I only
have money for the down payment
because you helped me get the 1st time
home buyer program. I guess I will have to
wait until I can save up some money. Which
of the following statements cover steps
number 4 & 5 of objection handling?
Steering is described as what? Using a protected class as a basis to decide where to show someone property.
A loan officer has done a brief interview Preapproving the buyer.
with a buyer without verifying
documentation such as income. What is this
called?
Concept that 20% of pointed action Pareto's Principle
produces 80% of results is called what?
Which of the following statements is true If the licensee fails to renew the license by the first renewal term, the licensee
regarding license renewal? cannot recover it.
1/10
, 10/8/24, 6:33 AM
You have shown your buyer's what they say 203K
is their dream home. However, it needs
some repairs. The house is a foreclosure
and has been vacant for almost a year. One
bathroom is missing the toilet, the roof has
a leak, the kitchen counters are gone and a
few other more minor issues. The buyers
will qualify for any loan and have more than
enough to put down; whatever is required.
Which of the following is the best loan for
them?
Assistance with price, advertising, Can be contracted individually on a Limited Brokerage Services Addendum.
providing signage, inclusion in MLS,
inclusion on websites, holding open
houses, showing of the property, use of a
lockbox, presenting and managing offers,
contract negotiations, and transaction
closing assistance - are all tasks that what?
Per the statute - when a condominium is Board of Directors Contact Information
sold, specific documents must be provided
from the seller to the buyer. The re-seller
must provide the buyer with 7 different
required documents. (Not including new
requirements for possible Milestone
Inspection or Structural Integrity Reserve
Study documents.) Which of the following
is not one of those 7 documents?
October was preparing an advertisement The amount or percentage of the down payment, the terms of repayment, and the
for her seller and included the phrase "2.9% annual percentage rate.
interest available." What else does she have
to include in the advertisement?
Buyer Betty was buying a home in a flood An elevation certificate will be required in order for an insurance quote and binder
zone and was also securing a loan. Which is to be provided.
a true statement?
During the inspection period, how can a without penalty for any reason
buyer walk away from the deal?
Spending 85% of your time prospecting for 50%
sellers, according to the National
Association of Realtors® will produce what
percentage of buyers?
You are advertising that you will give You are right, because it is allowed if handled correctly and disclosed to all parties.
buyers $500 of your commission at closing.
Jessica, an agent with another brokerage,
calls you and says you can NOT advertise
giving buyer's money back at closing.
Under RESPA and TILA, who is right and
why?
2/10
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