AZURE TIDE REAL ESTATE UPDATED
COMPREHESNIVE EXAM QUESTIONS AND ANSWERS
SURE A+
✔✔Chris rents an entire floor at the Dorian Complex to run her brokerage. Every year
the lease amount adjusts based on a change in the consumer price index. What type of
lease does Chris have? - ✔✔variable
✔✔How many miles from the base line is T3S, R7W? - ✔✔12
✔✔You list a home on the Atlantic for $4,250,000. The seller agrees to pay a 6%
commission. However, the seller agrees that he will pay 7% commission on the amount
of purchase price above $3,750,000. The home sells for $4,100,000. How much is the
total commission? - ✔✔$249,500
✔✔What is the percentage passing score on the real estate course exam? - ✔✔70
✔✔A few brokers have lunch together and agree to charge all clients 7% commission
for the next 3 months. This agreement is an example of what? - ✔✔price fixing
✔✔Which of the following people are exempt from having a real estate license? -
✔✔Jan, appointed by the court, to assist in conveying her deceased aunt's home.
✔✔When purchasing an existing resale condominium, the buyer must receive which of
the following? - ✔✔Frequently Asked Questions
✔✔Sales associate Tim Burr wants to create a business entity with the State of Florida
to conduct real estate as a licensee. He will then register that name instead of his
personal name with the DBPR. The following business formats are acceptable except
which one? - ✔✔corporation
, ✔✔All the following are the methods used by an appraiser to determine the value of
property except? - ✔✔Comparative Market Analysis
✔✔How does a lien theory affect the mortgage? - ✔✔Is a lien on the property, but
property title is vested with the mortgagor.
✔✔Roberta receives $5,000 a month from court ordered alimony. However, she does
not have other income. Which of the following laws forces the lender to count the
alimony as income for determining whether Roberta qualifies for a mortgage? -
✔✔Equal Credit Opportunity Act
✔✔Which of the following actions would terminate a contract? - ✔✔Jace's lender unable
to qualify Jace for a required loan by the end of the contracted period.
✔✔Emily has been a licensed real estate sales associate for two years in Indiana. She
worked actively under Thomson Brokerage for 12 months. But the last 12 months, her
license has been inactive because of having to take care of her ill mother. Which
statement is true about Emily's desire to get a broker license in Florida? - ✔✔Emily
needs two years of her license to be active in the previous five years before she is
eligible to become a broker along with meeting requirements of taking a 72 hour broker
course, state application, and state exam.
✔✔What is homestead protection? - ✔✔A status provided for a homeowner's principal
residence which protects the home against foreclosure from debt such as credit cards
or medical bills.
✔✔$115,000 with a rate of return of 12.5%, what is the monthly net income? -
✔✔$1,197.92
✔✔Daisy Chain was unhappy with her agent. She had all the following ways to end her
agency relationship except which one? - ✔✔Pretend like it didn't exist and complete a
transaction without the agent
✔✔On Monday, Agent Sally collected an earnest money check. Agent Sally turned it
over to Broker Mary on that same day. What is the last day that Broker Mary can
deposit the earnest check to the escrow account? - ✔✔Thursday
✔✔Deeds require which of the following to be valid? - ✔✔Both 1 and 3
1) Signed by the Grantor
3) Signed by two Witnesses
COMPREHESNIVE EXAM QUESTIONS AND ANSWERS
SURE A+
✔✔Chris rents an entire floor at the Dorian Complex to run her brokerage. Every year
the lease amount adjusts based on a change in the consumer price index. What type of
lease does Chris have? - ✔✔variable
✔✔How many miles from the base line is T3S, R7W? - ✔✔12
✔✔You list a home on the Atlantic for $4,250,000. The seller agrees to pay a 6%
commission. However, the seller agrees that he will pay 7% commission on the amount
of purchase price above $3,750,000. The home sells for $4,100,000. How much is the
total commission? - ✔✔$249,500
✔✔What is the percentage passing score on the real estate course exam? - ✔✔70
✔✔A few brokers have lunch together and agree to charge all clients 7% commission
for the next 3 months. This agreement is an example of what? - ✔✔price fixing
✔✔Which of the following people are exempt from having a real estate license? -
✔✔Jan, appointed by the court, to assist in conveying her deceased aunt's home.
✔✔When purchasing an existing resale condominium, the buyer must receive which of
the following? - ✔✔Frequently Asked Questions
✔✔Sales associate Tim Burr wants to create a business entity with the State of Florida
to conduct real estate as a licensee. He will then register that name instead of his
personal name with the DBPR. The following business formats are acceptable except
which one? - ✔✔corporation
, ✔✔All the following are the methods used by an appraiser to determine the value of
property except? - ✔✔Comparative Market Analysis
✔✔How does a lien theory affect the mortgage? - ✔✔Is a lien on the property, but
property title is vested with the mortgagor.
✔✔Roberta receives $5,000 a month from court ordered alimony. However, she does
not have other income. Which of the following laws forces the lender to count the
alimony as income for determining whether Roberta qualifies for a mortgage? -
✔✔Equal Credit Opportunity Act
✔✔Which of the following actions would terminate a contract? - ✔✔Jace's lender unable
to qualify Jace for a required loan by the end of the contracted period.
✔✔Emily has been a licensed real estate sales associate for two years in Indiana. She
worked actively under Thomson Brokerage for 12 months. But the last 12 months, her
license has been inactive because of having to take care of her ill mother. Which
statement is true about Emily's desire to get a broker license in Florida? - ✔✔Emily
needs two years of her license to be active in the previous five years before she is
eligible to become a broker along with meeting requirements of taking a 72 hour broker
course, state application, and state exam.
✔✔What is homestead protection? - ✔✔A status provided for a homeowner's principal
residence which protects the home against foreclosure from debt such as credit cards
or medical bills.
✔✔$115,000 with a rate of return of 12.5%, what is the monthly net income? -
✔✔$1,197.92
✔✔Daisy Chain was unhappy with her agent. She had all the following ways to end her
agency relationship except which one? - ✔✔Pretend like it didn't exist and complete a
transaction without the agent
✔✔On Monday, Agent Sally collected an earnest money check. Agent Sally turned it
over to Broker Mary on that same day. What is the last day that Broker Mary can
deposit the earnest check to the escrow account? - ✔✔Thursday
✔✔Deeds require which of the following to be valid? - ✔✔Both 1 and 3
1) Signed by the Grantor
3) Signed by two Witnesses
