AZURE TIDE REAL ESTATE FINAL
FINAL TEST 2026 QUESTIONS WITH
CORRECT ANSWERS GRADED A+
◍ How is practicing real estate without a license punishable as?.
Answer: Third degree felony
◍ Without written permission, Phillip tells his buyer Tom, that his seller Mark
is getting divorced and must sell the property quickly. Phillip is representing
both Mark and Tom as a transaction broker. Phillip has violated which
agency duty?.
Answer: Limited confidentiality
◍ Maxine didn't understand the paperwork that an oil company had her sign
when they started drilling for oil on her property. The guy that got her to
sign the paperwork was very nice and told her she would never have to
move off the property - but could sell it anytime if she chose. But when they
struck oil, she wasn't entitled to any of the money from the oil. What rights
had she signed over to the oil company?.
Answer: Mineral
◍ A life estate is use of property which is always granted based on the life of
the holder..
Answer: False
◍ Real property is defined as the land including the sky above, the trees (etc.),
the ground, what is below the ground plus man made attachments such as
buildings. Real estate is defined as including all of these things described in
real property plus the legal bundle of rights that goes with ownership..
Answer: False
◍ Which of the following most accurately describes the statute of limitations?.
, Answer: Places a time limit on pursuing a legal remedy in relation to
wrongful conduct
◍ The word Estate refers to the degree, quantity, nature, and extent of the
interest (ownership rights) a person can have in real property..
Answer: True
◍ Winnie failed to add to her application for a Florida real estate license the
fact that she had previously been convicted of theft. Which statement is
true?.
Answer: Failure for Winnie to disclose the theft would be viewed as
falsifying an application.
◍ All the following are acceptable to register with the DBPR as a real estate
brokerage except which of the following?.
Answer: Corporation sole
◍ Walden had an architect draw up plans for four different styles of homes. He
then built four models matching the designs and offered to build similar
homes to buyers. What type of construction method is this known as?.
Answer: tract homes
◍ A Community Development District is a Special Tax District created to take
care of long-term needs of a community. A CDD may impose taxes and/or
assessments on property for public facilities, construction operations and
maintenance of such..
Answer: True
◍ The four unities of joint tenancy includes that the property must have been
acquired on the same deed, at the same time and gives the holder an
undivided, equal share..
Answer: True
◍ Riparian rights relate to the ownership of the property that abuts an ocean,
sea, or lake and is concerned with the use and enjoyment of the shore..
Answer: False
, ◍ Which statement is FALSE regarding a net Listing?.
Answer: Net listings are unilateral Contracts
◍ Brokers must retain a brokerage relationship disclosure documents for 5
years except in which of the following situations?.
Answer: working with a buyer or seller as a transaction broker from the
outset
◍ Which of the following statements is false based on the Statute of Frauds?.
Answer: Option contracts can be verbal if for less than one year
◍ Trade fixtures, unless otherwise designated within the lease agreement, will
remain owned by the tenant and can be removed upon the end of the lease..
Answer: True
◍ Natasha is representing a seller as a single agent and is also working with
the buyer. What type of relationship is she allowed to have with the buyer?.
Answer: no agency relationship
◍ Accretion is the process of land being increased from the water depositing
rock, sand and soil..
Answer: True
◍ Disclosures required by The Cooperative Act when a new property is sold
by a developer includes the fact that the buyer has a right to cancel the
contract within 3 business days after signing a contract and having received
the cooperative documents..
Answer: False
◍ The Florida Statute 720 requires that a disclosure summary be included with
a purchase and sale agreement for property that is subject to mandatory
Homeowner Association membership, fees and assessments, and
restrictions..
Answer: True
◍ There are two parties to a mortgage. Which is the correct pairing?.
Answer: Mortgagor = Borrower
FINAL TEST 2026 QUESTIONS WITH
CORRECT ANSWERS GRADED A+
◍ How is practicing real estate without a license punishable as?.
Answer: Third degree felony
◍ Without written permission, Phillip tells his buyer Tom, that his seller Mark
is getting divorced and must sell the property quickly. Phillip is representing
both Mark and Tom as a transaction broker. Phillip has violated which
agency duty?.
Answer: Limited confidentiality
◍ Maxine didn't understand the paperwork that an oil company had her sign
when they started drilling for oil on her property. The guy that got her to
sign the paperwork was very nice and told her she would never have to
move off the property - but could sell it anytime if she chose. But when they
struck oil, she wasn't entitled to any of the money from the oil. What rights
had she signed over to the oil company?.
Answer: Mineral
◍ A life estate is use of property which is always granted based on the life of
the holder..
Answer: False
◍ Real property is defined as the land including the sky above, the trees (etc.),
the ground, what is below the ground plus man made attachments such as
buildings. Real estate is defined as including all of these things described in
real property plus the legal bundle of rights that goes with ownership..
Answer: False
◍ Which of the following most accurately describes the statute of limitations?.
, Answer: Places a time limit on pursuing a legal remedy in relation to
wrongful conduct
◍ The word Estate refers to the degree, quantity, nature, and extent of the
interest (ownership rights) a person can have in real property..
Answer: True
◍ Winnie failed to add to her application for a Florida real estate license the
fact that she had previously been convicted of theft. Which statement is
true?.
Answer: Failure for Winnie to disclose the theft would be viewed as
falsifying an application.
◍ All the following are acceptable to register with the DBPR as a real estate
brokerage except which of the following?.
Answer: Corporation sole
◍ Walden had an architect draw up plans for four different styles of homes. He
then built four models matching the designs and offered to build similar
homes to buyers. What type of construction method is this known as?.
Answer: tract homes
◍ A Community Development District is a Special Tax District created to take
care of long-term needs of a community. A CDD may impose taxes and/or
assessments on property for public facilities, construction operations and
maintenance of such..
Answer: True
◍ The four unities of joint tenancy includes that the property must have been
acquired on the same deed, at the same time and gives the holder an
undivided, equal share..
Answer: True
◍ Riparian rights relate to the ownership of the property that abuts an ocean,
sea, or lake and is concerned with the use and enjoyment of the shore..
Answer: False
, ◍ Which statement is FALSE regarding a net Listing?.
Answer: Net listings are unilateral Contracts
◍ Brokers must retain a brokerage relationship disclosure documents for 5
years except in which of the following situations?.
Answer: working with a buyer or seller as a transaction broker from the
outset
◍ Which of the following statements is false based on the Statute of Frauds?.
Answer: Option contracts can be verbal if for less than one year
◍ Trade fixtures, unless otherwise designated within the lease agreement, will
remain owned by the tenant and can be removed upon the end of the lease..
Answer: True
◍ Natasha is representing a seller as a single agent and is also working with
the buyer. What type of relationship is she allowed to have with the buyer?.
Answer: no agency relationship
◍ Accretion is the process of land being increased from the water depositing
rock, sand and soil..
Answer: True
◍ Disclosures required by The Cooperative Act when a new property is sold
by a developer includes the fact that the buyer has a right to cancel the
contract within 3 business days after signing a contract and having received
the cooperative documents..
Answer: False
◍ The Florida Statute 720 requires that a disclosure summary be included with
a purchase and sale agreement for property that is subject to mandatory
Homeowner Association membership, fees and assessments, and
restrictions..
Answer: True
◍ There are two parties to a mortgage. Which is the correct pairing?.
Answer: Mortgagor = Borrower
