ACEABLE AGENT EXAM SCRIPT 2026
COMPLETE QUESTIONS AND ANSWERS 100%
CORRECT
◉ Which of these would most likely represent the unauthorized practice
of law by a licensee? Answer: expressing an opinion regarding the
client's degree of legal liability due to a clause in the contract
◉ Hamilton's home has been assessed for $265,000. The millage rate for
the school district is 6.1 mills. The millage rate for the city is 6.8 mills.
The millage rate for the county is 7.3 mills.
What is his total property tax bill? Round to the nearest dollar. Answer:
$4,496
◉ What does a high vacancy rate indicate about a rental market?
Answer: Supply is outpacing demand. Rent prices will be lower to
attract renters.
◉ Bruno is a 22-year-old who has gathered a group of impressionable
local teenagers with the intent to enlist their help in selling drugs to their
classmates. He explains that their compensation would be strictly
commission, with volume-based bonuses paid out every two weeks.
Sadly, six of the kids agree to work for Bruno.
,Given what you know of this disturbing scenario, which two essential
elements of a valid contract are missing? Answer: lawful objective and
legally competent parties
◉ Karen is selling her house and wants to receive a profit of at least
$50,000. She has $210,000 remaining on her mortgage, $12,000 in
closing costs, and will pay her listing agent a 6% sale commission.
Approximately, which is the LEAST the home can sell for in order to net
the profit Karen desires? Answer: $290,000 $210,000 + $12,000 +
$50,000 = $272,000 $272,000 ÷ 0.94 = $290,000
◉ Which of these would be considered a tangible asset of a business?
Answer: personal property
◉ Explain how goodwill affects the valuation of a business. Answer:
Goodwill increases a business's going concern valuation.
◉ A homebuyer is looking to find a mortgage. He goes to the office of
Bert Applebee, who presents him with some options for mortgages. The
homebuyer chooses one he likes, and Bert contacts the lender and
negotiates the terms for the homebuyer. The lender then originates the
loan for the homebuyer.
What job does Bert Applebee most likely have? Answer: mortgage
broker
,◉ Adrienne and Marty bought their first home in June 2021. Their real
estate agent told them that ALL of the property tax would be deductible.
Is this true? Answer: No. Homeowners can deduct a total of $10,000
between state, city, and property taxes.
◉ Kae is a broker. She asks her sales associate to collect evidence of
title for the property they are working with. They bring Kae evidence of
title in the form of:
A Torrens certificate
An opinion of title
A certificate of title
Title insurance
Rank the types of evidence of title the sales associate brought Kae from
the best to the worst. Answer: Torrens certificate, title insurance, opinion
of title, certificate of title
◉ What is it called when a borrower pledges an asset as collateral to
borrow money to buy the pledged asset? Answer: hypothecation
◉ Which of these liens would take priority over the others? Answer:
property tax lien
◉ Oliver is a licensed lawyer in Florida. He has lived in Florida for three
years. Assuming he passes the background check and has his application
accepted, what ELSE must he do to become a licensed sales associate in
, Florida? Answer: pass the state and national portion of the state licensing
exam
◉ The lot and block system primarily relies on which of the following to
describe land? Answer: section, lot, and block numbers within a
subdivision
◉ Analyze the following scenarios. Which does NOT violate the federal
Fair Housing Act? Answer: An agent refuses to show an apartment to a
woman because she has a poor credit score.
◉ You are a buyer, and a very nervous one, at that. You are checking all
of your bases when you go out to buy your first home. To give yourself
the greatest protection, you make sure the listing agreement states the
property will be conveyed using a: Answer: general warranty deed
◉ Broker Blessing is caught in the middle of a buyer's and seller's
claims that they have the right to the escrow money. While the buyer and
seller resolve their disputes in court, Blessing knows she has no claim to
the escrow funds. Blessing pursues a(n): Answer: interpleader
◉ Which of the following best explains the purpose of the
Comprehensive Environmental Response, Compensation, and Liability
Act (CERCLA)? Answer: CERCLA provides broad federal authority to
respond directly to releases of hazardous substances that may endanger
public health or the environment.
COMPLETE QUESTIONS AND ANSWERS 100%
CORRECT
◉ Which of these would most likely represent the unauthorized practice
of law by a licensee? Answer: expressing an opinion regarding the
client's degree of legal liability due to a clause in the contract
◉ Hamilton's home has been assessed for $265,000. The millage rate for
the school district is 6.1 mills. The millage rate for the city is 6.8 mills.
The millage rate for the county is 7.3 mills.
What is his total property tax bill? Round to the nearest dollar. Answer:
$4,496
◉ What does a high vacancy rate indicate about a rental market?
Answer: Supply is outpacing demand. Rent prices will be lower to
attract renters.
◉ Bruno is a 22-year-old who has gathered a group of impressionable
local teenagers with the intent to enlist their help in selling drugs to their
classmates. He explains that their compensation would be strictly
commission, with volume-based bonuses paid out every two weeks.
Sadly, six of the kids agree to work for Bruno.
,Given what you know of this disturbing scenario, which two essential
elements of a valid contract are missing? Answer: lawful objective and
legally competent parties
◉ Karen is selling her house and wants to receive a profit of at least
$50,000. She has $210,000 remaining on her mortgage, $12,000 in
closing costs, and will pay her listing agent a 6% sale commission.
Approximately, which is the LEAST the home can sell for in order to net
the profit Karen desires? Answer: $290,000 $210,000 + $12,000 +
$50,000 = $272,000 $272,000 ÷ 0.94 = $290,000
◉ Which of these would be considered a tangible asset of a business?
Answer: personal property
◉ Explain how goodwill affects the valuation of a business. Answer:
Goodwill increases a business's going concern valuation.
◉ A homebuyer is looking to find a mortgage. He goes to the office of
Bert Applebee, who presents him with some options for mortgages. The
homebuyer chooses one he likes, and Bert contacts the lender and
negotiates the terms for the homebuyer. The lender then originates the
loan for the homebuyer.
What job does Bert Applebee most likely have? Answer: mortgage
broker
,◉ Adrienne and Marty bought their first home in June 2021. Their real
estate agent told them that ALL of the property tax would be deductible.
Is this true? Answer: No. Homeowners can deduct a total of $10,000
between state, city, and property taxes.
◉ Kae is a broker. She asks her sales associate to collect evidence of
title for the property they are working with. They bring Kae evidence of
title in the form of:
A Torrens certificate
An opinion of title
A certificate of title
Title insurance
Rank the types of evidence of title the sales associate brought Kae from
the best to the worst. Answer: Torrens certificate, title insurance, opinion
of title, certificate of title
◉ What is it called when a borrower pledges an asset as collateral to
borrow money to buy the pledged asset? Answer: hypothecation
◉ Which of these liens would take priority over the others? Answer:
property tax lien
◉ Oliver is a licensed lawyer in Florida. He has lived in Florida for three
years. Assuming he passes the background check and has his application
accepted, what ELSE must he do to become a licensed sales associate in
, Florida? Answer: pass the state and national portion of the state licensing
exam
◉ The lot and block system primarily relies on which of the following to
describe land? Answer: section, lot, and block numbers within a
subdivision
◉ Analyze the following scenarios. Which does NOT violate the federal
Fair Housing Act? Answer: An agent refuses to show an apartment to a
woman because she has a poor credit score.
◉ You are a buyer, and a very nervous one, at that. You are checking all
of your bases when you go out to buy your first home. To give yourself
the greatest protection, you make sure the listing agreement states the
property will be conveyed using a: Answer: general warranty deed
◉ Broker Blessing is caught in the middle of a buyer's and seller's
claims that they have the right to the escrow money. While the buyer and
seller resolve their disputes in court, Blessing knows she has no claim to
the escrow funds. Blessing pursues a(n): Answer: interpleader
◉ Which of the following best explains the purpose of the
Comprehensive Environmental Response, Compensation, and Liability
Act (CERCLA)? Answer: CERCLA provides broad federal authority to
respond directly to releases of hazardous substances that may endanger
public health or the environment.
