Azure Real Estate Prac ce Exam/ Azure Tide real estate
pre license sec on 8 2 SETS WITH COMPLETE SOLUTION
UPDATED NEW EDITION
Which of the following statements is false regarding The Real Estate Se lement Procedures Act
(RESPA)? - Ans Kickbacks are said to harm consumers by driving down the cost of transac$ons.
True: Title companies cannot give a kickback as a referral fee to a real estate licensee., Mortgage
brokers can only pay other mortgage brokers a referral fee., Real Estate licensees can only pay
other real estate licensees a referral fee.
How is prac$cing real estate without a license punishable as? - Ans Third-degree felony
Lauren made an offer on a home. The seller countered her offer. Which statement is true? -
Ans Lauren's original offer was terminated by the seller's counteroffer.
Which situa$on is not considered good faith doubt? - Ans The broker transferred earnest
money being held for a buyer and seller to the $le company to be accounted for as funds for
closing.
Stefanie had a rental property. There were 14 units. A0er she subtracted for collec$on and
vacancy losses, she totaled $23,500 income for the month. What did she calculate? - Ans
Effec$ve Gross Income
Taylor was several months behind in her mortgage. She got a no$ce from the bank telling her
that she now owed the full unpaid balance of the mortgage. What clause in a mortgage was
ac$vated by her late payments? - Ans Accelera$on
,In a metes-and-bounds descrip$on, what is the opposite direc$on of South 25 degrees East? -
Ans North 25 degrees West
Which of the following statements is false based on the Statute of Frauds? - Ans Op$on
contracts can be verbal if for less than one year.
True: Purchase and sale real estate contracts must be in wri$ng., Deeds and mortgages must be
in wri$ng., Lease agreements for more than one year must be in wri$ng.
When represen$ng a seller and a buyer in the same transac$on as a transac$on broker and
without wri en permission you tell the buyer the sellers mo$va$on to sell, this a viola$on of
which agency duty? - Ans Limited confiden$ality
The bundle of rights that a property owner has includes which of the following? - Ans Control
Andreniki has recently moved to the United States and is living in Georgia. She is not yet a U.S.
ci$zen, but does have a U.S. social security number. Which statement is true about her
applica$on as a Florida real estate licensee? - Ans Andreniki does not need to be a U.S. ci$zen
to be eligible as a Florida real estate licensee.
The FREC defines a Florida resident as someone that has resided in the state for a con$nuous
period of how many months? - Ans 4 months
When the Department inves$gated a complaint against Mick, a licensee, the inves$gator
believed that the charges were too serious to allow the licensee to prac$ce real estate during
the inves$ga$on and hearings. Which statement is true? - Ans The DBPR Secretary could
ini$ate a summary suspension against Mick to suspend his license un$l the ma er was
resolved.
What is the percentage passing score on the real estate course exam? - Ans 70
, A building erected permanently on a property is considered what? - Ans Real property
When the judge ruled that the seller must sell his house, this is an example of what? - Ans
Specific performance
Jan put an ad on Craigslist to adver$se a house for sale. Because Jan thought more people
would respond if they thought the house was selling by owner, she le0 off her broker's
informa$on and the fact that Jan was a real estate licensee. What is Jan guilty of? - Ans Blind
Adver$sing
Faye just signed a new lease. It is for six months. What kind of tenancy does she have? - Ans
Tenancy for years
Broker Hope took an earnest money deposit from Buyer Burt. She placed the deposit in her
brokerage opera$ng account. Which statement accurately describes what Hope did? - Ans
Hope commingled trust funds by placing the money with company funds which is illegal.
Which statement is false regarding culpable negligence? - Ans You can never be charged with
Culpable Negligence if you did not know of a damaging issue.
True: Whoever exposes another person to personal injury could be charged with culpable
negligence., Culpable negligence is a misdemeanor of the second degree., It is unethical for a
real estate agent to engage in culpable negligence.
Yve e claimed Giselle's property through adverse possession. To have done so successfully,
Yve e would have to have done all the following except what? - Ans Do so for a con$nuous
period of 10 years
pre license sec on 8 2 SETS WITH COMPLETE SOLUTION
UPDATED NEW EDITION
Which of the following statements is false regarding The Real Estate Se lement Procedures Act
(RESPA)? - Ans Kickbacks are said to harm consumers by driving down the cost of transac$ons.
True: Title companies cannot give a kickback as a referral fee to a real estate licensee., Mortgage
brokers can only pay other mortgage brokers a referral fee., Real Estate licensees can only pay
other real estate licensees a referral fee.
How is prac$cing real estate without a license punishable as? - Ans Third-degree felony
Lauren made an offer on a home. The seller countered her offer. Which statement is true? -
Ans Lauren's original offer was terminated by the seller's counteroffer.
Which situa$on is not considered good faith doubt? - Ans The broker transferred earnest
money being held for a buyer and seller to the $le company to be accounted for as funds for
closing.
Stefanie had a rental property. There were 14 units. A0er she subtracted for collec$on and
vacancy losses, she totaled $23,500 income for the month. What did she calculate? - Ans
Effec$ve Gross Income
Taylor was several months behind in her mortgage. She got a no$ce from the bank telling her
that she now owed the full unpaid balance of the mortgage. What clause in a mortgage was
ac$vated by her late payments? - Ans Accelera$on
,In a metes-and-bounds descrip$on, what is the opposite direc$on of South 25 degrees East? -
Ans North 25 degrees West
Which of the following statements is false based on the Statute of Frauds? - Ans Op$on
contracts can be verbal if for less than one year.
True: Purchase and sale real estate contracts must be in wri$ng., Deeds and mortgages must be
in wri$ng., Lease agreements for more than one year must be in wri$ng.
When represen$ng a seller and a buyer in the same transac$on as a transac$on broker and
without wri en permission you tell the buyer the sellers mo$va$on to sell, this a viola$on of
which agency duty? - Ans Limited confiden$ality
The bundle of rights that a property owner has includes which of the following? - Ans Control
Andreniki has recently moved to the United States and is living in Georgia. She is not yet a U.S.
ci$zen, but does have a U.S. social security number. Which statement is true about her
applica$on as a Florida real estate licensee? - Ans Andreniki does not need to be a U.S. ci$zen
to be eligible as a Florida real estate licensee.
The FREC defines a Florida resident as someone that has resided in the state for a con$nuous
period of how many months? - Ans 4 months
When the Department inves$gated a complaint against Mick, a licensee, the inves$gator
believed that the charges were too serious to allow the licensee to prac$ce real estate during
the inves$ga$on and hearings. Which statement is true? - Ans The DBPR Secretary could
ini$ate a summary suspension against Mick to suspend his license un$l the ma er was
resolved.
What is the percentage passing score on the real estate course exam? - Ans 70
, A building erected permanently on a property is considered what? - Ans Real property
When the judge ruled that the seller must sell his house, this is an example of what? - Ans
Specific performance
Jan put an ad on Craigslist to adver$se a house for sale. Because Jan thought more people
would respond if they thought the house was selling by owner, she le0 off her broker's
informa$on and the fact that Jan was a real estate licensee. What is Jan guilty of? - Ans Blind
Adver$sing
Faye just signed a new lease. It is for six months. What kind of tenancy does she have? - Ans
Tenancy for years
Broker Hope took an earnest money deposit from Buyer Burt. She placed the deposit in her
brokerage opera$ng account. Which statement accurately describes what Hope did? - Ans
Hope commingled trust funds by placing the money with company funds which is illegal.
Which statement is false regarding culpable negligence? - Ans You can never be charged with
Culpable Negligence if you did not know of a damaging issue.
True: Whoever exposes another person to personal injury could be charged with culpable
negligence., Culpable negligence is a misdemeanor of the second degree., It is unethical for a
real estate agent to engage in culpable negligence.
Yve e claimed Giselle's property through adverse possession. To have done so successfully,
Yve e would have to have done all the following except what? - Ans Do so for a con$nuous
period of 10 years
