Azure tide Practice Exam / Q&A / 2025
Donna is the property manager for an apartment building complex. Sarah used to live in the complex but
moved to a house recently. Sarah referred her sister, Pam, to Donna for Pam to become a new tenant.
Donna paid Sarah $50 for the referral. Which statement about this situation is true? - Answer--This is
illegal, per RESPA because Sarah no longer lives in the apartment building.
Leora lived in her home for a long time. She took good care of her property. However, her neighbor did
not. When Leora had her property appraised, she discovered that she lost value because of the
condition of her neighbor's property. This is called what? - Answer--Regression
April, a sales associate, represented a buyer and seller in the same transaction. She presented the buyer
with the homeowner association disclosure two days before closing. Which statement is false? - Answer-
-April's right to rescind doesn't count down until she receives the actual homeowner association
documents.
Which of the following is an example of a bilateral contract? - Answer--Tim who just rented an
apartment.
Under the Fair Housing Act of 1968, which category of groups are protected from discrimination? -
Answer--National Origin
You sell Janice a current up-to-date rental list and provide all the proper disclosures and paperwork.
Janice contacts you 35 days later and asks for a refund in writing because she did not rent a place from
the list. She is entitled to how much of a refund? - Answer--0%
The state of Florida requires all brokerage offices to have at least one enclosed room in a building of
stationary construction what other criteria? - Answer--An entrance sign
, When the Department investigated a complaint against Mick, a licensee, the investigator believed that
the charges were too serious to allow the licensee to practice real estate during the investigation and
hearings. Which statement is true? - Answer--The DBPR Secretary could initiate a summary suspension
against Mick to suspend his license until the matter was resolved.
As joint tenants, David and Amy bought an investment property. Amy died suddenly. Which statement is
true? - Answer--David owned the property as an estate in severalty.
Stefanie had a rental property. There were 14 units. After she subtracted for collection and vacancy
losses, she totaled $23,500 income for the month. What did she calculate? - Answer--Effective Gross
Income
Which group is responsible for the preparation of the comprehensive plan or plan amendment? -
Answer--The Planning Commission
How many miles from the base line is T3S, R7W? - Answer--18
Sally is buying a home and the closing date is set for April 20th. The annual property taxes are $1,234.00
and have not been paid yet. How much will the buyer be credited and the seller be debited? - Answer--
$368.51
Yvette claimed Giselle's property through adverse possession. To have done so successfully, Yvette
would have to have done all the following except what? - Answer--Do so for a continuous period of 10
Years
Which of the following properties would be defined as residential real estate per Chapter 475, Florida
Statute? - Answer--5-acres with a house and a barn
Ralph agrees to purchase two discount points. How will this affect the lender's yield? - Answer--The
lender's yield will increase by a total of ¼%.
Donna is the property manager for an apartment building complex. Sarah used to live in the complex but
moved to a house recently. Sarah referred her sister, Pam, to Donna for Pam to become a new tenant.
Donna paid Sarah $50 for the referral. Which statement about this situation is true? - Answer--This is
illegal, per RESPA because Sarah no longer lives in the apartment building.
Leora lived in her home for a long time. She took good care of her property. However, her neighbor did
not. When Leora had her property appraised, she discovered that she lost value because of the
condition of her neighbor's property. This is called what? - Answer--Regression
April, a sales associate, represented a buyer and seller in the same transaction. She presented the buyer
with the homeowner association disclosure two days before closing. Which statement is false? - Answer-
-April's right to rescind doesn't count down until she receives the actual homeowner association
documents.
Which of the following is an example of a bilateral contract? - Answer--Tim who just rented an
apartment.
Under the Fair Housing Act of 1968, which category of groups are protected from discrimination? -
Answer--National Origin
You sell Janice a current up-to-date rental list and provide all the proper disclosures and paperwork.
Janice contacts you 35 days later and asks for a refund in writing because she did not rent a place from
the list. She is entitled to how much of a refund? - Answer--0%
The state of Florida requires all brokerage offices to have at least one enclosed room in a building of
stationary construction what other criteria? - Answer--An entrance sign
, When the Department investigated a complaint against Mick, a licensee, the investigator believed that
the charges were too serious to allow the licensee to practice real estate during the investigation and
hearings. Which statement is true? - Answer--The DBPR Secretary could initiate a summary suspension
against Mick to suspend his license until the matter was resolved.
As joint tenants, David and Amy bought an investment property. Amy died suddenly. Which statement is
true? - Answer--David owned the property as an estate in severalty.
Stefanie had a rental property. There were 14 units. After she subtracted for collection and vacancy
losses, she totaled $23,500 income for the month. What did she calculate? - Answer--Effective Gross
Income
Which group is responsible for the preparation of the comprehensive plan or plan amendment? -
Answer--The Planning Commission
How many miles from the base line is T3S, R7W? - Answer--18
Sally is buying a home and the closing date is set for April 20th. The annual property taxes are $1,234.00
and have not been paid yet. How much will the buyer be credited and the seller be debited? - Answer--
$368.51
Yvette claimed Giselle's property through adverse possession. To have done so successfully, Yvette
would have to have done all the following except what? - Answer--Do so for a continuous period of 10
Years
Which of the following properties would be defined as residential real estate per Chapter 475, Florida
Statute? - Answer--5-acres with a house and a barn
Ralph agrees to purchase two discount points. How will this affect the lender's yield? - Answer--The
lender's yield will increase by a total of ¼%.
