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Azure Tide Real Estate Exam 1 Questions With all Correct Answers 2024

Azure Tide Section 16 Test Question with Answers The Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) is a provision under Title XI that mandates states to license and certify appraisers. - Answer- True In real estate, the definition of highest and best use is always based on how the property is currently being used. - Answer-False The definition of highest and best use involves four tests. It is 1. the most probable use of land or improved property that is legally...

Azure Tide Section 13 Test Questions and Answers All Correct With an amortized Mortgage, as the loan is paid off, the amount applied to the principal decreases and the amount applied to the interest increases. - Answer-False, With an amortized Mortgage, as the loan is paid off, the amount applied to the principal increases and the amount applied to the interest decreases. To qualify for a Reverse Annuity Mortgage a homeowner must be 62 years old or older and have a significant amount of equ...

Azure Tide Section 11 Exam Questions and Answers (1) The real estate industry's role in the nation's economy includes: - Answer-• Providing housing • Providing investment opportunities • Providing funds through taxes • Providing jobs What does residential real estate provides? - Answer-Housing How do investors utilize real estate? - Answer-Investors utilize real estate as an income source from construction, sales, commercial and industrial business outlets. How ...

Azure Tide section 6 Exam Questions and Answers Culpable negligence is a phrase used in Criminal Law to describe conduct that is considered contrary to community standards of justice, honesty, or good morals. - Answer-False The department may investigate an anonymous verbal complaint against a licensee. - Answer-False Criminal penalties for violating license law as a third-degree felony can result in a $10,000 fine and up to 5 years in prison. - Answer-False The penalty involved with...

Azure Tide Realty Section 1 Test Questions and Answers The real estate industry's role in the nation's economy . - Answer-provides housing, investment opportunities, funds through taxes, jobs. credit record, no documentation of income and usually has a lower interest rate than prime loans. - Answer-Subprime loan A real estate sales associates contributions to a RE transaction are: - Answer- knowledge of property transfer, how to market real estate, knowledge of market condition...

Azure Tide Realty Exam Questions with Answers A Real Estate brokerage is a business where sales associates provide real estate services to clients for compensation. T/F - Answer-F A farm area is an area/neighborhood picked by a licensee to market to on a very regular basis. T/F - Answer-T Real Estate licensees are allowed to sell a business opportunity only if the real estate is sold along with the business. T/F - Answer-F Rental agents collect a fee for finding a tenant fo...

Azure tide realty 45hr Practice Exam Which statement would you advise agent Jerome not use in his listing advertisement due to Fair Housing Laws? - Answer-Within walking distance of the Gulf of Mexico Which of the following is correct about the inspection period? - Answer-The buyer may choose to walk away from the contract for any reason. Someone could be heard crying for help from an apartment. Which statement is true? - Answer-Because it is an emergency, the owner may enter. You hav...

AZURE TIDE REAL ESTATE SCHOOL EXAM (1) A tenant was required to pay $1200 as security deposit. Three weeks after making the deposit, the landlord passed along to the tenant by phone the mandatory information concerning his deposit of funds. Why has the landlord violated F.S. 83? - Answer-The landlord failed to notify the tenant in writing of the bank name, address, and other information regarding the deposit Sales associate Donald hired Sam as a personal assistant. Sam normally spent his day...

Azure Tide Section 16 Test Question with Answers The Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) is a provision under Title XI that mandates states to license and certify appraisers. - Answer- True In real estate, the definition of highest and best use is always based on how the property is currently being used. - Answer-False The definition of highest and best use involves four tests. It is 1. the most probable use of land or improved property that is legally ...