Aure Tide Realty End of Course Practice
Exam 2024/2025 Exam Questions and
Correct Answers | New Update
A Florida real estate sales associate who moves and becomes a
nonresident of Florida must notify the Commission of the change of
residency within how many days? - 🧠ANSWER ✔✔60
In case of breach by the buyer, most real estate contracts include a
provision that the earnest money be regarded as - 🧠ANSWER
✔✔Liquidated damages to the seller
Subordination of a mortgage is: - 🧠ANSWER ✔✔A later mortgage taking
priority to the original
Buffer Zone is an area of land that: - 🧠ANSWER ✔✔Separates different
land use areas
Which matches the definition of a gross lease? - 🧠ANSWER ✔✔When the
tenant pays a fixed rent and the landlord pays the property expenses such
as taxes and insurance. Utilities are paid as agreed in the lease.
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
1
STATEMENT. ALL RIGHTS RESERVED
,Clark paid $250 for a rental list in a competitive area. After several days of
looking for properties he realized that the list wasn't current at the time it
was sold to him. He requested a refund in writing. How much would he get
back? - 🧠ANSWER ✔✔$250.00
An appraiser found three comparable properties however she believed that
one of the properties was significantly more relevant to the true value of the
subject property. In this case, the appraiser would most likely - 🧠ANSWER
✔✔Assign weighted values to each of the three properties
A due on sale clause in a mortgage - 🧠ANSWER ✔✔Makes a mortgage
non- assumable
An active Florida broker accompanies her husband when he goes on active
military duty in Ohio for five years. She is not active in real estate in Ohio.
Upon their return to Florida, she: - 🧠ANSWER ✔✔Need not complete any
continuing education or reactivation education for those five years and for
up to 2 years after honorable discharge
A home was purchased with a down payment of $36, 000 and a loan of
$200,000 at 6.5% for 30 years. Monthly payments are $1,264.14. What is
the loan to value ratio? - 🧠ANSWER ✔✔85%
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
2
STATEMENT. ALL RIGHTS RESERVED
, An owner of an apartment complex pays a previous tenant a $50 finder's
fee for referring a person who becomes a new tenant. This arrangement is
not - 🧠ANSWER ✔✔Legal unless the previous tenant has a real estate
license.
An assumed mortgage has interest paid: - 🧠ANSWER ✔✔In arrears
When is a quitclaim deed normally used? - 🧠ANSWER ✔✔To clear the title
of possible trouble spots or clouds on the deed.
Which statement is TRUE regarding homeowners association disclosure
requirements?
1) The contract is not voidable even if the disclosure summary is not
provided to the buyer before executing the contract
2) The buyer cannot waive the right to void the contract if the disclosure
has not been provided at the time of or before signing the purchase
agreement
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
3
STATEMENT. ALL RIGHTS RESERVED
Exam 2024/2025 Exam Questions and
Correct Answers | New Update
A Florida real estate sales associate who moves and becomes a
nonresident of Florida must notify the Commission of the change of
residency within how many days? - 🧠ANSWER ✔✔60
In case of breach by the buyer, most real estate contracts include a
provision that the earnest money be regarded as - 🧠ANSWER
✔✔Liquidated damages to the seller
Subordination of a mortgage is: - 🧠ANSWER ✔✔A later mortgage taking
priority to the original
Buffer Zone is an area of land that: - 🧠ANSWER ✔✔Separates different
land use areas
Which matches the definition of a gross lease? - 🧠ANSWER ✔✔When the
tenant pays a fixed rent and the landlord pays the property expenses such
as taxes and insurance. Utilities are paid as agreed in the lease.
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
1
STATEMENT. ALL RIGHTS RESERVED
,Clark paid $250 for a rental list in a competitive area. After several days of
looking for properties he realized that the list wasn't current at the time it
was sold to him. He requested a refund in writing. How much would he get
back? - 🧠ANSWER ✔✔$250.00
An appraiser found three comparable properties however she believed that
one of the properties was significantly more relevant to the true value of the
subject property. In this case, the appraiser would most likely - 🧠ANSWER
✔✔Assign weighted values to each of the three properties
A due on sale clause in a mortgage - 🧠ANSWER ✔✔Makes a mortgage
non- assumable
An active Florida broker accompanies her husband when he goes on active
military duty in Ohio for five years. She is not active in real estate in Ohio.
Upon their return to Florida, she: - 🧠ANSWER ✔✔Need not complete any
continuing education or reactivation education for those five years and for
up to 2 years after honorable discharge
A home was purchased with a down payment of $36, 000 and a loan of
$200,000 at 6.5% for 30 years. Monthly payments are $1,264.14. What is
the loan to value ratio? - 🧠ANSWER ✔✔85%
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
2
STATEMENT. ALL RIGHTS RESERVED
, An owner of an apartment complex pays a previous tenant a $50 finder's
fee for referring a person who becomes a new tenant. This arrangement is
not - 🧠ANSWER ✔✔Legal unless the previous tenant has a real estate
license.
An assumed mortgage has interest paid: - 🧠ANSWER ✔✔In arrears
When is a quitclaim deed normally used? - 🧠ANSWER ✔✔To clear the title
of possible trouble spots or clouds on the deed.
Which statement is TRUE regarding homeowners association disclosure
requirements?
1) The contract is not voidable even if the disclosure summary is not
provided to the buyer before executing the contract
2) The buyer cannot waive the right to void the contract if the disclosure
has not been provided at the time of or before signing the purchase
agreement
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
3
STATEMENT. ALL RIGHTS RESERVED
