Azure Tide Real Estate Final Exam Questions and Correct Answers

Azure Tide Real Estate Final Exam Questions and Correct Answers How is practicing real estate without a license punishable as? - Answer-Third degree felony Without written permission, Phillip tells his buyer Tom, that his seller Mark is getting divorced and must sell the property quickly. Phillip is representing both Mark and Tom as a transaction broker. Phillip has violated which agency duty? - Answer-Limited confidentiality Maxine didn't understand the paperwork that an oil company had her sign when they started drilling for oil on her property. The guy that got her to sign the paperwork was very nice and told her she would never have to move off the property - but could sell it anytime if she chose. But when they struck oil, she wasn't entitled to any of the money from the oil. What rights had she signed over to the oil company? - Answer-Mineral Which of the following most accurately describes the statute of limitations? - Answer-Places a time limit on pursuing a legal remedy in relation to wrongful conduct 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. All the following are acceptable to register with the DBPR as a real estate brokerage except which of the following? - Answer-Corporation sole