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AURE TIDE REALTY END OF COURSE ACTUAL
EXAM|| LATEST AND FULLY COVERED UPDATE
2024-2025 QUESTIONS AND CORRECT ANSWERS
ALREADY GRADED A+|| LATEST WITH VERIFIED
SOLUTIONS|| ASSURED PASS!!!
A broker associate listed a villa home for $320,000 as a single agent. A sales
associate from a competing firm called the listing associate to inform them of a
verbal offer of $250,000. The listing associate did not present the verbal offer to
the seller. Which statement applies to this situation? - ANSWER> The listing
associate was required to present the verbal offer to the seller when acting as a
single agent or a transaction agent
A broker's listing agreement with a seller states that 4 1/2 % is to be paid on the
sales price as commission. The associate lists and sells the property for $450,000
earning the full commission. The broker has specified that the associate receives
55% of the total commission. earned. How much will the associate be paid on this
sale? - ANSWER> $11,137.50
$450k x .045 = $20,250 x .55 = $11,137.50
Federal Housing Administration (FHA) and Department of Veterans Affairs (VA)
loans differ in that - ANSWER> FHA insures the mortgage and establishes a
maximum mortgage amount; VA guarantees the mortgage and has no legislated
down payment requirement
Irving, the broker of Crustacean Realty, had conflicting demands from a buyer and
a seller regarding an escrow deposit held by the brokerage. The settlement
procedure Irving elects is to deposit the money with the court as he does not intend
for the brokerage to make a claim on the deposit. Which of the following requests
to the court would Irving make? - ANSWER> Request an interpleader
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A broker wishes to be issued several broker licenses for business reasons. He may -
ANSWER> Hold multiple licenses
The Covenant of Seisin, covenant against encumbrances, covenant of further
assurance, covenant of quiet enjoyment, and the covenant of warranty forever are
all included in what type of deed? - ANSWER> General Warranty Deed
Florida Law presumes that a real estate agent is acting as a Transaction Agent
unless the intention to change the relationship has been determined appropriate by
- ANSWER> The broker
The indestructability of land refers to - ANSWER> Durability
When the borrower has title to the property and the lender has the lien, it is a: -
ANSWER> Lien theory state
Articles of Incorporation should be presented to a prospective buyer of a: -
ANSWER> Condominium
Which item would not be classified as a fixture? - ANSWER> Kitchen table
If the Federal Reserve votes to lowers the discount rate, how will this likely affect
interest rates on short-term credit? - ANSWER> They will likely decrease
Jessi, an unlicensed real estate assistant, may not do which of the following
activities - ANSWER> Show listed property
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A sales associate was issued a citation for failing to timely notify the Commission
of her change of address. How many days does the licensee have to either pay the
citation or file an objection to the alleged violation? - ANSWER> 30
What interest does a son hold in property, if the mother held a life estate inherited
from her spouse, with the son inheriting upon her death? - ANSWER> Remainder
estate
Receding water uncovers additional land. This is called: - ANSWER> Reliction
Golf Realty let their real estate brokerage license lapse. No one at the office was
aware of it, so everyone, including all the sales associates working under Golf
Realty continued to practice real estate for five months before the error was
realized. What could each agent be charged with as a result? - ANSWER> Third-
degree felony
Which business entity may register as a real estate brokerage? - ANSWER>
Nonprofit corporation
To substitute a borrower in a mortgage with another borrower is called: -
ANSWER> Assignment of mortgage
Liquidation Value Is - ANSWER> The value associated with a rapid sale
A rental investment property is scheduled to close on September 10. The buyer
gets day of closing. The rent is $1900. How much is debited and/ or credited at
closing and to whom? - ANSWER> $1330 Credit to Buyer and $1330 Debit to
Seller
AURE TIDE REALTY END OF COURSE ACTUAL
EXAM|| LATEST AND FULLY COVERED UPDATE
2024-2025 QUESTIONS AND CORRECT ANSWERS
ALREADY GRADED A+|| LATEST WITH VERIFIED
SOLUTIONS|| ASSURED PASS!!!
A broker associate listed a villa home for $320,000 as a single agent. A sales
associate from a competing firm called the listing associate to inform them of a
verbal offer of $250,000. The listing associate did not present the verbal offer to
the seller. Which statement applies to this situation? - ANSWER> The listing
associate was required to present the verbal offer to the seller when acting as a
single agent or a transaction agent
A broker's listing agreement with a seller states that 4 1/2 % is to be paid on the
sales price as commission. The associate lists and sells the property for $450,000
earning the full commission. The broker has specified that the associate receives
55% of the total commission. earned. How much will the associate be paid on this
sale? - ANSWER> $11,137.50
$450k x .045 = $20,250 x .55 = $11,137.50
Federal Housing Administration (FHA) and Department of Veterans Affairs (VA)
loans differ in that - ANSWER> FHA insures the mortgage and establishes a
maximum mortgage amount; VA guarantees the mortgage and has no legislated
down payment requirement
Irving, the broker of Crustacean Realty, had conflicting demands from a buyer and
a seller regarding an escrow deposit held by the brokerage. The settlement
procedure Irving elects is to deposit the money with the court as he does not intend
for the brokerage to make a claim on the deposit. Which of the following requests
to the court would Irving make? - ANSWER> Request an interpleader
, P a g e |2
A broker wishes to be issued several broker licenses for business reasons. He may -
ANSWER> Hold multiple licenses
The Covenant of Seisin, covenant against encumbrances, covenant of further
assurance, covenant of quiet enjoyment, and the covenant of warranty forever are
all included in what type of deed? - ANSWER> General Warranty Deed
Florida Law presumes that a real estate agent is acting as a Transaction Agent
unless the intention to change the relationship has been determined appropriate by
- ANSWER> The broker
The indestructability of land refers to - ANSWER> Durability
When the borrower has title to the property and the lender has the lien, it is a: -
ANSWER> Lien theory state
Articles of Incorporation should be presented to a prospective buyer of a: -
ANSWER> Condominium
Which item would not be classified as a fixture? - ANSWER> Kitchen table
If the Federal Reserve votes to lowers the discount rate, how will this likely affect
interest rates on short-term credit? - ANSWER> They will likely decrease
Jessi, an unlicensed real estate assistant, may not do which of the following
activities - ANSWER> Show listed property
, P a g e |3
A sales associate was issued a citation for failing to timely notify the Commission
of her change of address. How many days does the licensee have to either pay the
citation or file an objection to the alleged violation? - ANSWER> 30
What interest does a son hold in property, if the mother held a life estate inherited
from her spouse, with the son inheriting upon her death? - ANSWER> Remainder
estate
Receding water uncovers additional land. This is called: - ANSWER> Reliction
Golf Realty let their real estate brokerage license lapse. No one at the office was
aware of it, so everyone, including all the sales associates working under Golf
Realty continued to practice real estate for five months before the error was
realized. What could each agent be charged with as a result? - ANSWER> Third-
degree felony
Which business entity may register as a real estate brokerage? - ANSWER>
Nonprofit corporation
To substitute a borrower in a mortgage with another borrower is called: -
ANSWER> Assignment of mortgage
Liquidation Value Is - ANSWER> The value associated with a rapid sale
A rental investment property is scheduled to close on September 10. The buyer
gets day of closing. The rent is $1900. How much is debited and/ or credited at
closing and to whom? - ANSWER> $1330 Credit to Buyer and $1330 Debit to
Seller
