Azure Tide Real Estate Final Exam
UPDATED ACTUAL Exam Questions And
Answers
The Civil Rights Act of 1866 prevented discrimination based on being a member
of which group? - ANSWER -race
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.
You bought a home for $850,000. You put $100,000 down. You agreed to buy 3
discount points. How much did you pay for the points total? - ANSWER -$22,500
A building erected permanently on a property is considered what? - ANSWER -
real property
FREC defines a Florida resident as someone that has resided in the state for a
continuous period of how many months? - ANSWER -4 months
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%.
In a metes-and-bounds description what is the opposite direction of South 25
degrees East? - ANSWER -North 25 degrees West
Betsy, a broker associate, hired Monica as a licensed assistant. Monica assisted
with contract negotiations. Betsy wrote her a check every week for her salary as an
assistant. Which statement is correct? - ANSWER -Although Monica is licensed,
, Betsy cannot pay Monica directly for activities that require a real estate license.
Betsy's broker should have paid Monica for contract negotiations.
Haley thought that her property ran parallel with the tree lines. However, it angled
ten feet in toward the back of the lot. As a result, she unknowing built the corner of
her new garage onto her neighbor's property. If the neighbor allows the garage to
remain, in how many years would it become a permanent legal easement? -
ANSWER -7
What is the Florida statute that gives the DBPR the power to investigate consumer
complaints, issue subpoenas upon conducting investigation, issue cease and desist
orders, and issue citations? - ANSWER -Florida Statute 455
The bundle of rights that a property owner has includes which of the following? -
ANSWER -Control
An advantage of Real Estate Investments includes all except what? - ANSWER -
liquidity
Pinkie and Sam just closed on their new home. What is the status of their contract
with the seller? - ANSWER -Their contract was executed.
What are the factors that influence supply? - ANSWER -All of the above
1) Availability of land
2) Availability of materials
3) Availability of financing
4) All of the above
When the judge ruled that the seller must sell his house, this is an example of
what? - ANSWER -specific performance
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
UPDATED ACTUAL Exam Questions And
Answers
The Civil Rights Act of 1866 prevented discrimination based on being a member
of which group? - ANSWER -race
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.
You bought a home for $850,000. You put $100,000 down. You agreed to buy 3
discount points. How much did you pay for the points total? - ANSWER -$22,500
A building erected permanently on a property is considered what? - ANSWER -
real property
FREC defines a Florida resident as someone that has resided in the state for a
continuous period of how many months? - ANSWER -4 months
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%.
In a metes-and-bounds description what is the opposite direction of South 25
degrees East? - ANSWER -North 25 degrees West
Betsy, a broker associate, hired Monica as a licensed assistant. Monica assisted
with contract negotiations. Betsy wrote her a check every week for her salary as an
assistant. Which statement is correct? - ANSWER -Although Monica is licensed,
, Betsy cannot pay Monica directly for activities that require a real estate license.
Betsy's broker should have paid Monica for contract negotiations.
Haley thought that her property ran parallel with the tree lines. However, it angled
ten feet in toward the back of the lot. As a result, she unknowing built the corner of
her new garage onto her neighbor's property. If the neighbor allows the garage to
remain, in how many years would it become a permanent legal easement? -
ANSWER -7
What is the Florida statute that gives the DBPR the power to investigate consumer
complaints, issue subpoenas upon conducting investigation, issue cease and desist
orders, and issue citations? - ANSWER -Florida Statute 455
The bundle of rights that a property owner has includes which of the following? -
ANSWER -Control
An advantage of Real Estate Investments includes all except what? - ANSWER -
liquidity
Pinkie and Sam just closed on their new home. What is the status of their contract
with the seller? - ANSWER -Their contract was executed.
What are the factors that influence supply? - ANSWER -All of the above
1) Availability of land
2) Availability of materials
3) Availability of financing
4) All of the above
When the judge ruled that the seller must sell his house, this is an example of
what? - ANSWER -specific performance
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
