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AZURE TIDE PRACTICE EXAM QUESTIONS, Exams of Social Sciences

United States International UniversitySocial Sciences

AZURE TIDE PRACTICE EXAM QUESTIONS

Typology: Exams

2023/2024

Available from 10/05/2024

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AZURE TIDE PRACTICE EXAM QUESTIONS
1) The following are types of residential construction EXCEPT which one? - Answers-A)
Block Homes
5) Broker Justin Tune had conflicting demands from a buyer and a seller regarding an
escrow deposit held by the brokerage. Per his contract with the parties, Justin believed
he was entitled to keep 50% of the deposit for himself. What action with the court could
Justin request? - Answers-A) Request declaratory judgment
4) Tammy owns a small two-bedroom house in the country. A developer bought all of the
land surrounding her home and is developing it into an upscale luxury subdivision.
Tammy's property value has skyrocketed. What is this an example of? - Answers-C.
Progression
13) Which statement is FALSE regarding an open listing? - Answers-D) A net listing is a
bilateral contract
16) What is the Florida statute that gives the DBPR the power to investigate consumer
complaints, issue subpoenas upon conducting investigation, issue cease and desist
orders, and issue citations? - Answers-C) Florida Statute 455
17) The Broker's Disclosure Act requirements would pertain to which real estate
transaction? - Answers-A)Sale of a beach house
*Residential transactions
18) When Shannon bought her property, she noticed that the deed gave access to the
utility company to maintain a drainage ditch. What is this type of easement an example
of? - Answers-C) Easement in gross.
20) Nina wanted to rent her place to Carissa. In order to create an estate for years,
which of the following statements is NOT required? - Answers-C) Title must transfer to
Carissa
22) Which statement is not true regarding Real Estate Brokerage General Partnerships?
- Answers-C) All partners must be active brokers
23) Who are the local government members of the planning commission? - Answers-D)
Appointed
24) Broker Penny Wise insisted that her agents always represent clients as a
transaction broker. Which statement is FALSE regarding her client relationships? -
Answers-C) Penny Wise had to provide agency disclosures in writing
25) Which of the following properties does not require that a lead-based paint disclosure
be made? - Answers-A) A duplex for sale built in 1960
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AZURE TIDE PRACTICE EXAM QUESTIONS

  1. The following are types of residential construction EXCEPT which one? - Answers-A) Block Homes
  2. Broker Justin Tune had conflicting demands from a buyer and a seller regarding an escrow deposit held by the brokerage. Per his contract with the parties, Justin believed he was entitled to keep 50% of the deposit for himself. What action with the court could Justin request? - Answers-A) Request declaratory judgment
  3. Tammy owns a small two-bedroom house in the country. A developer bought all of the land surrounding her home and is developing it into an upscale luxury subdivision. Tammy's property value has skyrocketed. What is this an example of? - Answers-C. Progression
  4. Which statement is FALSE regarding an open listing? - Answers-D) A net listing is a bilateral contract
  5. What is the Florida statute that gives the DBPR the power to investigate consumer complaints, issue subpoenas upon conducting investigation, issue cease and desist orders, and issue citations? - Answers-C) Florida Statute 455
  6. The Broker's Disclosure Act requirements would pertain to which real estate transaction? - Answers-A)Sale of a beach house *Residential transactions
  7. When Shannon bought her property, she noticed that the deed gave access to the utility company to maintain a drainage ditch. What is this type of easement an example of? - Answers-C) Easement in gross.
  8. Nina wanted to rent her place to Carissa. In order to create an estate for years, which of the following statements is NOT required? - Answers-C) Title must transfer to Carissa
  9. Which statement is not true regarding Real Estate Brokerage General Partnerships?
  • Answers-C) All partners must be active brokers
  1. Who are the local government members of the planning commission? - Answers-D) Appointed
  2. Broker Penny Wise insisted that her agents always represent clients as a transaction broker. Which statement is FALSE regarding her client relationships? - Answers-C) Penny Wise had to provide agency disclosures in writing
  3. Which of the following properties does not require that a lead-based paint disclosure be made? - Answers-A) A duplex for sale built in 1960

B) A house for rent built in 1986 C) A condominium for sale built in 1972 D) A single family home for sale built in 1977 *Anything built before 1978 must receive a disclosure

  1. In internet advertising, where must the brokerage name appear? - Answers-B) Adjacent to or immediately above/below point of contact information 7)Broker Rick O'Shea sold a rental list that was full of errors. When the client demanded a refund, in writing and with two weeks of having bought the list, Rock O'Shea refused to refund the money. What could he be charged with? - Answers-B) First-degree misdemeanor
  2. A habendum clause would be found on which one of the following? - Answers-C) A deed
  3. The right to convey or transfer the ownership or other ownership interest in any real estate is called the right of what? - Answers-B) Disposition
  4. When Gina didn't get paid for a home improvement job, she recorded a lien on the property. What is this an example of? - Answers-A) Constructive notice
  5. Which type of mortgage loans do NOT have a due-on-sale clause? - Answers-A) FHA and VA
  6. The road in front of Hailey's home was expanded. The state paid her for 10 feet deep of her frontage. This transfer of property was through what? - Answers-D) Eminent domain
  7. How are homeowner association fees shown on the closing statement? - Answers- D) A credit to the seller and a debit to the buyer
  8. What are primary reference lines that run East and West called? - Answers-A) Base lines
  9. FREC has the authority to sanction a licensee found guilty of violating the rules or laws of real estate by imposing which of the following penalties? - Answers-C) Revoking their license permanently
  10. When figuring operating expenses, you CANNOT include which of the following? - Answers-A) Cost of mortgage
  11. Shandy Lear used to be named Shandy Toad. He intentionally left his old name off of his application because he had been arrested under that name. What could Shandy be charged with? - Answers-D) Third-degree felony
  1. Broker Associate Ash Hull was angry that his client failed to pay him for finding a tenant for a rental property. Ash Hull's broker said it wasn't worth suing over. What options does Ash Hull have to get his money? - Answers-C) Sue the broker
  2. When purchasing a new condominium, which form is NOT required for the buyer receive? - Answers-D) Governance Form
  3. Which of the following situations is an example of an illegal kickback? - Answers-D) A broker paying a licensed mortgage broker a referral fee
  4. Because an executor of an estate is only willing to guarantee that the grantor did nothing personally to encumber the property, which deed would be used? - Answers-B) Special Warranty Deed
  5. Janice's deceased husband had planted a row of rose bushes in her garden. She wanted them to be transplanted to her new home when she moved. Her agent advised her that these bushes are considered what? - Answers-D) Real Property
  6. If upon a foreclosure, there isn't enough money to even pay off the debt to the mortgagee, then what can be placed against the borrower? - Answers-C) Deficiency judgment
  7. Samantha Graves, a broker associate, negotiates with her broker, John Digger of Stone Realty, to split the cost of a second office at a beach front shopping and business center. Only Samantha will be using the office to meet with customers. Which would be correct per Florida Statutes? - Answers-B) The office must be registered as a branch office with the DBPR with signage that includes the wording: Stone Realty and John Digger Licensed Real Estate Broker or Lic. Real Estate Broker
  8. Functional Obsolescence is a type of depreciation that results in a loss of value. Which is an example of functional obsolescence? - Answers-D) A house with one bathroom
  9. Florida has four types of legal relationships that are allowed when conducting a real estate transaction. Which one of the four is only used in commercial transactions? - Answers-D) Designated Sales Associate
  10. The Real Estate Settlement Procedures Act (RESPA) requires that prospective buyers get a special information booklet with information on closing costs to be given to loan applicant. When does RESPA say this should happen? - Answers-B) Within three business days of submitting a loan application
  11. Involuntary alienation includes all of the following except which one? - Answers-A) Transfer by Will
  1. Which statement is false regarding a title theory state? - Answers-C) Florida is a title theory state
  2. Margaret has a survey that locates the property using degrees, minutes and seconds. Which survey method would have been used for the property? - Answers-D) metes and bounds
  3. Mortin Mindy, an unlicensed assistant, picked up extra duties while the agent was out of town. All of the following activities were allowed by law except which one? - Answers-B) Submitted an ad to the paper without the agent reviewing it
  4. What is the fee called that is charged as a one-time upfront fee for preparing loan docs, administrative needs, etc.? - Answers-B) Loan Origination Fee
  5. All the following duties apply to the no agency, the transaction brokerage, and the single agency relationships except for which one? - Answers-D) Use skill, care, and diligence in the transaction
  6. Your seller has asked you to provide them with a CMA to get a market value for their single-family home. Which of the listed sources would not be used to create the CMA? - Answers-A) Division of Real Estate (DRE)
  7. Which of the following is an example of a unilateral contract? - Answers-C) A For Sale By Owner that runs an advertisement telling real estate agents he will pay them if the agent produces a contract from a buyer
  8. Individuals applying for the Sales Associate license who also have a 4-year college degree in real estate are entitled to some education exemptions. What are these individuals exempt from? - Answers-B) 63-hour sales associate pre license course and 45 - hour sales associate post license course
  9. If a sales associate does not renew his or her license before the expiration date during a third renewal period, what will happen to the license? - Answers-A) Involuntary inactive.
  10. Some contracts have to be in writing to be enforceable. This is according to what? - Answers-B) The Statute of Frauds
  11. In which situation must Broker Peter have his client sign an agency disclosure? - Answers-D) When Peter represented a seller as a single agent but wants to transition to a transaction agent so that Peter can also work with the buyer as a limited agent
  12. Harry Hands, a broker of Honey Realty, set up a temporary shelter in a neighborhood so he and his agents could meet with customers to discuss model options of the homes being built. Which statement is correct regarding this situation? - Answers-