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Azure Tide Real Estate Exam 1 (complete)Questions and Answers.
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Azure Tide Real Estate Exam 1 (complete)Questions and Answers.
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10/8/24, 6:32 AMScheduled maintenance: October 9, 2024 from 01:45 AM to 03:45 AM
Azure Tide Real Estate Exam 1
Jeremiah
Terms in this set (50)
Which group is responsible for the The Planning Commission
preparation of the comprehensive plan or
plan amendment?
Advertising that discriminates against Religion
people based on ______ is prohibited by the
Fair Housing Act and its amendments.
Which of the following protects mortgage Equal Credit Opportunity Act
applicants from discrimination based on
receiving public assistance?
Fannie Mae purchases all of the following Freddie Mac
loans EXCEPT:
* Hilda and Hyatt paid $7,875 last year in Mortgage interest of $7,875 and property taxes of $1,850
mortgage interest, $4,200 in principal
payments, $1,850 in property tax, $840 in
mortgage insurance, $1,200 in property
insurance, and $1,500 in maintenance.
Which expenses are deductible from their
federal taxes?
What instrument includes the specific terms Promissory Note
of the loan such as rate, length of term,
payment, etc.?
Practicing real estate without a license is a: Third-degree felony
A township contains: 36 sections
Heather has been using a roadway at the Easement by prescription.
back of the 22 acres Pam owns in order to
access a fishing pond. She has been driving
down the roadway almost every day
Azure Tide Real Estate Exam 1
without permission for over 20 years. This is
called an:
1/5
, 10/8/24, 6:32 AM
When figuring effective gross income Collection and Vacancy losses
which expenses are deducted?
On Monday, Agent Sally collected an Thursday
earnest money check. Agent Sally turned it
over to Broker Mary on that same day.
What is the last day that Broker Mary can
deposit the earnest check to the escrow
account?
A buyers loan payment called "PITI" will All of the above
change if:
1) The property taxes increase
2) The property taxes decrease
3) Their home owners insurance fluctuates
Submitted answer
4) All of the above
Candy died intestate. After an extensive Escheat
search, no heirs were found. Candy's real
property would transfer by:
Which of the following properties requires A single-family home for sale built Prior to 1978
a lead based paint disclosure?
* You have a listing with a 6% commission. $8,912.50
Your sellers have accepted an offer from a
buyer that has their own agent. You have $387,500 X .02.5 (6%-3.5%) = $9,687.50 x .92 = $8,912.50
agreed to give the buyers agent 3.5% of
the commission. Your agreement with your
broker is that you get paid 92% of the
commission you earn. The sales price was
$387,500.00. How much will you get paid?
All of the following are acceptable to Corporation sole
register with the DBPR as a real estate
brokerage EXCEPT:
1) Non-profit corporation
2) Corporation sole
3) Limited liability corporation
4) For profit corporation
An individual and/or their spouse that is an regular license
active duty member of the armed forces
and has a real estate license in another
state can get a ______ real estate license if
stationed in Florida
*Jackson is buying a home for $412,000. His 96%
interest rate on the loan will be 4.75% for 15
years. He will have a down payment of Loan Amount Price (or value) = LTV ratio Take $412,000 - $16480 = $395,520;
$16,480. What is the LTV on the loan? $395, = 96% LTV
A sales associate has a licensed assistant The sales associates' broker must pay the assistant the commission while the sales
which is paid both on an hourly basis and a associate may pay the hourly wage if it is for tasks that do not require a license
commission basis. How should the assistant
be paid?
Azure Tide Real Estate Exam 1
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