[1]
Azure Tide Real Estate Exam 1
2025 complete questions (
frequently tested) and answers|
already graded A+ Questions and
Correct Answers/ Latest Update /
Already Graded
Which group is responsible for the preparation of the comprehensive plan or plan amendment?
Ans: The Planning Commission
Advertising that discriminates against people based on ________ is prohibited by the Fair
Housing Act and its amendments.
Ans: Religion
Which of the following protects mortgage applicants from discrimination based on receiving
public assistance?
Ans: Equal Credit Opportunity Act
Fannie Mae purchases all of the following loans EXCEPT:
Ans: Freddie Mac
* Hilda and Hyatt paid $7,875 last year in mortgage interest, $4,200 in principal payments,
$1,850 in property tax, $840 in mortgage insurance, $1,200 in property insurance, and $1,500
in maintenance. Which expenses are deductible from their federal taxes?
Ans: Mortgage interest of $7,875 and property taxes of $1,850
What instrument includes the specific terms of the loan such as rate, length of term,
payment, etc.?
, [2]
Ans: Promissory Note
Practicing real estate without a license is a:
Ans: Third-degree felony
A township contains:
Ans: 36 sections
Heather has been using a roadway at the back of the 22 acres Pam owns in order to access a
fishing pond. She has been driving down the roadway almost every day without permission for
over 20 years. This is called an:
Ans: Easement by prescription.
When figuring effective gross income which expenses are deducted?
Ans: Collection and Vacancy losses
On Monday, Agent Sally collected an earnest money check. Agent Sally turned it over to
Broker Mary on that same day. What is the last day that Broker Mary can deposit the earnest
check to the escrow account?
Ans: Thursday
A buyers loan payment called "PITI" will change if:
1) The property taxes increase
2) The property taxes decrease
3) Their home owners insurance fluctuates
Submitted answer
4) All of the above
Ans: All of the above
Azure Tide Real Estate Exam 1
2025 complete questions (
frequently tested) and answers|
already graded A+ Questions and
Correct Answers/ Latest Update /
Already Graded
Which group is responsible for the preparation of the comprehensive plan or plan amendment?
Ans: The Planning Commission
Advertising that discriminates against people based on ________ is prohibited by the Fair
Housing Act and its amendments.
Ans: Religion
Which of the following protects mortgage applicants from discrimination based on receiving
public assistance?
Ans: Equal Credit Opportunity Act
Fannie Mae purchases all of the following loans EXCEPT:
Ans: Freddie Mac
* Hilda and Hyatt paid $7,875 last year in mortgage interest, $4,200 in principal payments,
$1,850 in property tax, $840 in mortgage insurance, $1,200 in property insurance, and $1,500
in maintenance. Which expenses are deductible from their federal taxes?
Ans: Mortgage interest of $7,875 and property taxes of $1,850
What instrument includes the specific terms of the loan such as rate, length of term,
payment, etc.?
, [2]
Ans: Promissory Note
Practicing real estate without a license is a:
Ans: Third-degree felony
A township contains:
Ans: 36 sections
Heather has been using a roadway at the back of the 22 acres Pam owns in order to access a
fishing pond. She has been driving down the roadway almost every day without permission for
over 20 years. This is called an:
Ans: Easement by prescription.
When figuring effective gross income which expenses are deducted?
Ans: Collection and Vacancy losses
On Monday, Agent Sally collected an earnest money check. Agent Sally turned it over to
Broker Mary on that same day. What is the last day that Broker Mary can deposit the earnest
check to the escrow account?
Ans: Thursday
A buyers loan payment called "PITI" will change if:
1) The property taxes increase
2) The property taxes decrease
3) Their home owners insurance fluctuates
Submitted answer
4) All of the above
Ans: All of the above
