AZURE Tide Section 14 (2024 – 2025) Questions With
all Complete Verified Solution
Usually,swhicheverspartysisstossignsasparticularsclosingsdocumentspayssthesfeesforsdoc
umentspreparation?s-sTrue
Securitysdepositssheldsbyssellersaresenteredsassascreditstosthessellersandsasdebitstosthe
sbuyer.s-sFalse
Thesstatutorysmethodsmeanssthatsyousalwayssuses30sdaysstoscalculatesasmonthlyspror
ationsands365sdaysstoscalculatesasyearssproration.s-
sFalse,s30sdaysstoscalculatesmonthlysprorationsands360sdaysstoscalculatesasyearsspror
ation
Interestsonsansassumablesmortgagesisspaidsahead,ssossellersgetssascreditsfromsthesbuy
ersatsclosing.s-sFalse
Intangiblestaxsisspaidsonseverysdollarsofsbothsnewsmortgagessandsassumedsmortgages
sats$.002.s-sFalse,spaidsonsnewsmortgagessonlysnotsassumedsmortgages
ThesClosingsDisclosuresissthesfinancialssummarysofsthesdeal.s-sTrue
Thesbrokerscommissionsissusuallyspaidsbysthessellersorswhoeversemployedsthesbroke
rsunlesssotherwisesnegotiatedsbeforehandsonsthescontract.s-sTrue
Evensthoughstheslender'sstitlesinsurancesissrequiredsbysthesbuyer'sslender,sitsmaysbes
paidsbysthessellersatsclosing.s-sTrue
Asdebitsmeanssthatsthespersonswhosgetssthesdebitsissbeingschargedsmoney.s-sTrue
Itemsspaidsinsarrearssissenteredsassascreditstosthessellersandsasdebitstosthesbuyers-
sFalse
YousarestheslistingsagentsrepresentingssellersNancy.sYouslistedshershousesfors$350,00
0sats6%scommission.sYousoffereds2.5%stosasbuyer'ssagentsassasco-
brokeragesinsthesMLS.sAfters3smonthssonsthesmarket,syoussellstheshousesyourselfsfors$
325,000stosbuyersTim.sBasedsonsyoursagreementswithsyoursbroker,syoursbrokerskeep
ss25%sofsthescommissionsandspayssyousthesrest.sHowsmuchsdosyouspocket?s-s$14,625
Pricessoldsats$325,000X.06s=s$19.500X.75s=s$14,625.00
RubiospurchasedspropertysfromsCovington.sRubiosputss$50,000.00sdownsandsgetssas
mortgagesinsthesamountsofs$450,000.00.sHowsmuchswillsCovingtonsbeschargedsforsthe
sdocsstampstaxsonsthesdeed?s-s$3,500.00
all Complete Verified Solution
Usually,swhicheverspartysisstossignsasparticularsclosingsdocumentspayssthesfeesforsdoc
umentspreparation?s-sTrue
Securitysdepositssheldsbyssellersaresenteredsassascreditstosthessellersandsasdebitstosthe
sbuyer.s-sFalse
Thesstatutorysmethodsmeanssthatsyousalwayssuses30sdaysstoscalculatesasmonthlyspror
ationsands365sdaysstoscalculatesasyearssproration.s-
sFalse,s30sdaysstoscalculatesmonthlysprorationsands360sdaysstoscalculatesasyearsspror
ation
Interestsonsansassumablesmortgagesisspaidsahead,ssossellersgetssascreditsfromsthesbuy
ersatsclosing.s-sFalse
Intangiblestaxsisspaidsonseverysdollarsofsbothsnewsmortgagessandsassumedsmortgages
sats$.002.s-sFalse,spaidsonsnewsmortgagessonlysnotsassumedsmortgages
ThesClosingsDisclosuresissthesfinancialssummarysofsthesdeal.s-sTrue
Thesbrokerscommissionsissusuallyspaidsbysthessellersorswhoeversemployedsthesbroke
rsunlesssotherwisesnegotiatedsbeforehandsonsthescontract.s-sTrue
Evensthoughstheslender'sstitlesinsurancesissrequiredsbysthesbuyer'sslender,sitsmaysbes
paidsbysthessellersatsclosing.s-sTrue
Asdebitsmeanssthatsthespersonswhosgetssthesdebitsissbeingschargedsmoney.s-sTrue
Itemsspaidsinsarrearssissenteredsassascreditstosthessellersandsasdebitstosthesbuyers-
sFalse
YousarestheslistingsagentsrepresentingssellersNancy.sYouslistedshershousesfors$350,00
0sats6%scommission.sYousoffereds2.5%stosasbuyer'ssagentsassasco-
brokeragesinsthesMLS.sAfters3smonthssonsthesmarket,syoussellstheshousesyourselfsfors$
325,000stosbuyersTim.sBasedsonsyoursagreementswithsyoursbroker,syoursbrokerskeep
ss25%sofsthescommissionsandspayssyousthesrest.sHowsmuchsdosyouspocket?s-s$14,625
Pricessoldsats$325,000X.06s=s$19.500X.75s=s$14,625.00
RubiospurchasedspropertysfromsCovington.sRubiosputss$50,000.00sdownsandsgetssas
mortgagesinsthesamountsofs$450,000.00.sHowsmuchswillsCovingtonsbeschargedsforsthe
sdocsstampstaxsonsthesdeed?s-s$3,500.00
