Azure Tide Realty Exam Questions with Answers

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 for a landlord while Property Managers do so as well but continue to manage the property once a tenant is found. T/F - Answer-T Conducting a Real Estate Appraisal is the process of estimating the value of real estate. T/F - Answer-T Real estate licensees may not appraise real property per the Florida Real Estate Commission rules. T/F - Answer-F USPAP Ethics rule regarding compensation states that the payment of undisclosed fees, commissions, or things of value in connection with the procurement of an assignment is unethical. T/F - Answer-T The phases of development and construction that each project goes through include Land Acquisition, Subdividing and Development, and Recording of the Plat Map. T/F - Answer-T Developers often sell land to a governmental body for public use when developing land. T/F - Answer-F Per Florida Statutes 177.091, plat maps must be recorded into the public records. T/F - Answer-T Real Estate Licensee Lucy decided to target a specific area near her own home and began making consistent marketing touches to cultivate buyers and sellers. What is this process known as? A. Canvassing B. Farming C. Plottage D. Blockbusting - Answer-B Ray owns a piece of real estate in Florida, but he lives in South Carolina with his family. He has hired a property manager, Jess, to manage the property for him. Ray would be considered what kind of owner? A. Rental B. Absentee C. Absolute D. Out-of-State - Answer-B