Azure Practice Exam UPDATED ACTUAL
Exam Questions and CORRECT Answers
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? - CORRECT 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? - CORRECT
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? - CORRECT 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? - CORRECT ANSWER -
Tim who just rented an apartment.
Under the Fair Housing Act of 1968, which category of groups are protected from
discrimination? - CORRECT 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? - CORRECT
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? - CORRECT 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? - CORRECT 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? - CORRECT 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? - CORRECT
ANSWER - Effective Gross Income
Which group is responsible for the preparation of the comprehensive plan or plan amendment? -
CORRECT ANSWER - The Planning Commission
How many miles from the base line is T3S, R7W? - CORRECT 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? - CORRECT 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? - CORRECT ANSWER -
Do so for a continuous period of 10 Years
Which of the following statements are false regarding The Real Estate Settlement Procedures
Act (RESPA)? - CORRECT ANSWER - Kickbacks are said to harm consumers by driving
down the cost of transactions.
Exam Questions and CORRECT Answers
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? - CORRECT 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? - CORRECT
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? - CORRECT 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? - CORRECT ANSWER -
Tim who just rented an apartment.
Under the Fair Housing Act of 1968, which category of groups are protected from
discrimination? - CORRECT 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? - CORRECT
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? - CORRECT 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? - CORRECT 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? - CORRECT 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? - CORRECT
ANSWER - Effective Gross Income
Which group is responsible for the preparation of the comprehensive plan or plan amendment? -
CORRECT ANSWER - The Planning Commission
How many miles from the base line is T3S, R7W? - CORRECT 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? - CORRECT 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? - CORRECT ANSWER -
Do so for a continuous period of 10 Years
Which of the following statements are false regarding The Real Estate Settlement Procedures
Act (RESPA)? - CORRECT ANSWER - Kickbacks are said to harm consumers by driving
down the cost of transactions.
