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Azure Tide Real Estate Exam /50 Questions And Answers (A+)
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Azure Tide Real Estate Exam 1 2023-2024 /50Questions And Answers (A+)
Quiz :Which group is responsible for the preparation of the comprehensive plan
or plan amendment? - √Answer :The Planning Commission
Quiz :Advertising that discriminates against people based on ________ is
prohibited by the Fair Housing Act and its amendments. - √Answer :Religion
Quiz :Which of the following protects mortgage applicants from discrimination
based on receiving public assistance? - √Answer :Equal Credit Opportunity Act
Quiz :Fannie Mae purchases all of the following loans EXCEPT: -
√Answer :Freddie Mac
Quiz :* Hilda and Hyatt paid $7,875 last year in 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? - √Answer :Mortgage interest of $7,875 and
property taxes of $1,850
Quiz :What instrument includes the specific terms of the loan such as rate,
length of term, payment, etc.? - √Answer :Promissory Note
Quiz :Practicing real estate without a license is a: - √Answer :Third-degree
felony
Quiz :A township contains: - √Answer :36 sections
Quiz :Heather has been using a roadway at the back of the 22 acres Pam owns
in order to access a fishing pond. She has been driving down the roadway
almost every day without permission for over 20 years. This is called an: -
√Answer :Easement by prescription.
Quiz :When figuring effective gross income which expenses are deducted? -
√Answer :Collection and Vacancy losses
Quiz :On Monday, Agent Sally collected an 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? -
√Answer :Thursday
Quiz :A buyers loan payment called "PITI" will 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 - √Answer :All of the above
Quiz :Candy died intestate. After an extensive search, no heirs were found.
Candy's real property would transfer by: - √Answer :Escheat
Quiz :Which of the following properties requires a lead based paint disclosure?
- √Answer :A single-family home for sale built Prior to 1978
Quiz :* You have a listing with a 6% commission. Your sellers have accepted
an offer from a buyer that has their own agent. You have 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? - √Answer :$8,912.50
$387,500 X .02.5 (6%-3.5%) = $9,687.50 x .92 = $8,912.50
Quiz :All of the following are acceptable to 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 - √Answer :Corporation sole
Quiz :An individual and/or their spouse that is an 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 - √Answer :regular license
Quiz :*Jackson is buying a home for $412,000. His interest rate on the loan will
be 4.75% for 15 years. He will have a down payment of $16,480. What is the
LTV on the loan? - √Answer :96%
Loan Amount Price (or value) = LTV ratio Take $412,000 - $16480 =
$395,520; $395, = 96% LTV
Quiz :A sales associate has a licensed assistant which is paid both on an hourly
basis and a commission basis. How should the assistant be paid? -
√Answer :The sales associates' broker must pay the assistant the commission
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