IADA Broker Exam Sample
Questions and Answers 100%
Pass
Which of the following is an example aircraft variable cost?
a. Aircraft fuel
b. Hangar
c. Insurance
d. Brokerage fee - CORRECT ANSWER-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 ANSWER-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 ANSWER-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.
COPYRIGHT ALL RIGHTS RESERVED ©️ 2025
Questions and Answers 100%
Pass
Which of the following is an example aircraft variable cost?
a. Aircraft fuel
b. Hangar
c. Insurance
d. Brokerage fee - CORRECT ANSWER-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 ANSWER-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 ANSWER-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.
COPYRIGHT ALL RIGHTS RESERVED ©️ 2025
