IADA Broker Exam Sample Questions and
Answers
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Terms in this set (13)
Which of the following is a. Aircraft fuel
an example aircraft
variable cost?
a. Aircraft fuel
b. Hangar
c. Insurance
d. Brokerage fee
What is an example of d. damage history
something that would
cause diminution of value?
a. Aircraft paint color
b. Base location of aircraft
c. Aircraft ownership
d. damage history
, Frequently, Aircraft c. A commercial term defined by mutual agreement of
Purchase Agreements the buyer and seller within the Aircraft Purchase
contain a provision under Agreement.
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.
Answers
Save
Terms in this set (13)
Which of the following is a. Aircraft fuel
an example aircraft
variable cost?
a. Aircraft fuel
b. Hangar
c. Insurance
d. Brokerage fee
What is an example of d. damage history
something that would
cause diminution of value?
a. Aircraft paint color
b. Base location of aircraft
c. Aircraft ownership
d. damage history
, Frequently, Aircraft c. A commercial term defined by mutual agreement of
Purchase Agreements the buyer and seller within the Aircraft Purchase
contain a provision under Agreement.
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.
