IADA Broker Exam Questions and answers
With complete solution Newest RATED A+
100% PASS
Which of the following is an example aircraft variable cost?
a. Aircraft fuel
b. Hangar
c. Insurance
d. Brokerage fee - Correct Answers a. Aircraft fuel
What is an example of something that would cause diminution of value?
a. Aircraft paint color
b. Base location of aircraft
c. Aircraft ownership
d. damage history - Correct Answers d. damage history
Frequently, Aircraft Purchase Agreements contain a provision under which a buyer may reject the
aircraft if it is discovered to have "Material Damage". Material Damage is:
a. Any event that would require a FAA Form 337 to be issued.
b. A technical term defined by the FARs in CFR, Part 43, Appendix B.
c. A commercial term defined by mutual agreement of the buyer and seller within the Aircraft Purchase
Agreement.
d. Any event that requires a repair that is not defined in the Structural Repair Manual. - Correct Answers
c. A commercial term defined by mutual agreement of the buyer and seller within the Aircraft Purchase
Agreement.
, A foreign individual is purchasing a US registered aircraft and would like to complete a post- closing
avionics installation under US FAR's prior to importing the aircraft to country. In order to accomplish this,
the buyer could:
a. Register and import the aircraft to the country of destination and then have a US DAR in the
destination country approve the work under US FARs.
b. Register the aircraft in the country of destination and once the installation is complete, have a US DAR
approve the work under the US FARs prior to its departure from the US.
c. Register the aircraft in the country of destination and have a representative of his country's aviation
authority inspect the aircraft at the US facility and approve the work under US FARs.
d. Form an US Export Trust to take title to the aircraft as a US entity until the work is complete under US
FARs and then transfer title and registration to the owner in the desti - Correct Answers d. Form an US
Export Trust to take title to the aircraft as a US entity until the work is complete under US FARs and then
transfer title and registration to the owner in the destination country.
The FAA will not issue a Special Flight Permit to for which of the following:
a. Operating an aircraft with an AD which requires compliance before further flight and contains no
waivers.
b. Flying an aircraft with an overdue inspection to a base at which the inspection can be performed.
c. Operating an aircraft in at a weight in excess of its maximum certified take-off weight.
d. Conducting customer demonstration flights in a new production aircraft that have satisfactory
completed production flight tests. - Correct Answers a. Operating an aircraft with an AD which requires
compliance before further flight and contains no waivers.
An aircraft is owned under a single purpose entity, the only asset of which is the aircraft and only activity
is ownership of the aircraft. The aircraft is leased back to an FAA Part 135 operator for charter when not
in use by the owner. The aircraft:
a. May be operated under FAR Part 91 for companies related to the owner.
b. Must be operated under FAR Part 135 for all trips for the owner and charter customers.
c. May be operated under FAR Part 91 for owner trips, and FAR Part 135 for charter trips
d. May operate under FAR Part 91 domestically but must be operated under FAR Part 135
With complete solution Newest RATED A+
100% PASS
Which of the following is an example aircraft variable cost?
a. Aircraft fuel
b. Hangar
c. Insurance
d. Brokerage fee - Correct Answers a. Aircraft fuel
What is an example of something that would cause diminution of value?
a. Aircraft paint color
b. Base location of aircraft
c. Aircraft ownership
d. damage history - Correct Answers d. damage history
Frequently, Aircraft Purchase Agreements contain a provision under which a buyer may reject the
aircraft if it is discovered to have "Material Damage". Material Damage is:
a. Any event that would require a FAA Form 337 to be issued.
b. A technical term defined by the FARs in CFR, Part 43, Appendix B.
c. A commercial term defined by mutual agreement of the buyer and seller within the Aircraft Purchase
Agreement.
d. Any event that requires a repair that is not defined in the Structural Repair Manual. - Correct Answers
c. A commercial term defined by mutual agreement of the buyer and seller within the Aircraft Purchase
Agreement.
, A foreign individual is purchasing a US registered aircraft and would like to complete a post- closing
avionics installation under US FAR's prior to importing the aircraft to country. In order to accomplish this,
the buyer could:
a. Register and import the aircraft to the country of destination and then have a US DAR in the
destination country approve the work under US FARs.
b. Register the aircraft in the country of destination and once the installation is complete, have a US DAR
approve the work under the US FARs prior to its departure from the US.
c. Register the aircraft in the country of destination and have a representative of his country's aviation
authority inspect the aircraft at the US facility and approve the work under US FARs.
d. Form an US Export Trust to take title to the aircraft as a US entity until the work is complete under US
FARs and then transfer title and registration to the owner in the desti - Correct Answers d. Form an US
Export Trust to take title to the aircraft as a US entity until the work is complete under US FARs and then
transfer title and registration to the owner in the destination country.
The FAA will not issue a Special Flight Permit to for which of the following:
a. Operating an aircraft with an AD which requires compliance before further flight and contains no
waivers.
b. Flying an aircraft with an overdue inspection to a base at which the inspection can be performed.
c. Operating an aircraft in at a weight in excess of its maximum certified take-off weight.
d. Conducting customer demonstration flights in a new production aircraft that have satisfactory
completed production flight tests. - Correct Answers a. Operating an aircraft with an AD which requires
compliance before further flight and contains no waivers.
An aircraft is owned under a single purpose entity, the only asset of which is the aircraft and only activity
is ownership of the aircraft. The aircraft is leased back to an FAA Part 135 operator for charter when not
in use by the owner. The aircraft:
a. May be operated under FAR Part 91 for companies related to the owner.
b. Must be operated under FAR Part 135 for all trips for the owner and charter customers.
c. May be operated under FAR Part 91 for owner trips, and FAR Part 135 for charter trips
d. May operate under FAR Part 91 domestically but must be operated under FAR Part 135
