AZURE TIDE REAL ESTATE FINAL EXAM UPDATED
QUESTIONS AND ANSWERS SURE A+
✔✔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? - ✔✔Florida Statute 455
✔✔The bundle of rights that a property owner has includes which of the following? -
✔✔Control
✔✔An advantage of Real Estate Investments includes all except what? - ✔✔liquidity
✔✔Pinkie and Sam just closed on their new home. What is the status of their contract
with the seller? - ✔✔Their contract was executed.
✔✔What are the factors that influence supply? - ✔✔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?
- ✔✔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 in writing
because she did not rent a place from the list. She is entitled to how much of a refund? -
✔✔0%
, ✔✔Harriet entered into an agreement to sell her house. According to the contract, even
if Harriet or another agent brings the buyer, the listing agent will still receive a
commission. What type of listing did Harriet sign? - ✔✔exclusive right of sale listing
✔✔Yvette claimed Giselle's property through adverse possession. To have done so
successfully, Yvette would have to have done all the following except what? - ✔✔Do so
for a continuous period of 10 Years
✔✔Who is responsible for deciding the brokerage relationship? - ✔✔broker
✔✔How many of the FREC members must be at least 60 years of age? - ✔✔1
✔✔Lauren made an offer on a home. The seller countered her offer. Which statement is
true? - ✔✔Lauren's original offer was terminated by the seller's counteroffer.
✔✔A real estate agent that can call him or herself a REALTOR® means he or she has
met which of the following criteria? - ✔✔Is a member of the National Association of
REALTORS®
✔✔Which statement is false regarding culpable negligence? - ✔✔You can never be
charged with Culpable Negligence if you did not know of a damaging issue.
✔✔A deal failed to close because the buyer was unable to secure financing. The broker
received conflicting demands regarding the earnest money. How long does the broker
have to notify the FREC that the conflict exists? - ✔✔15 days
✔✔Faye just signed a new lease. It is for six months. What kind of tenancy does she
have? - ✔✔Tenancy for years
✔✔The state of Florida requires all brokerage offices to have at least one enclosed
room in a building of stationary construction what other criteria? - ✔✔An entrance sign
✔✔Which of the following properties would be defined as residential real estate per
Chapter 475, Florida Statute? - ✔✔5-acres with a house and a barn
✔✔What is actual notice? - ✔✔Something you have learned by reading, seeing or
hearing.
✔✔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? - ✔✔Regression
QUESTIONS AND ANSWERS SURE A+
✔✔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? - ✔✔Florida Statute 455
✔✔The bundle of rights that a property owner has includes which of the following? -
✔✔Control
✔✔An advantage of Real Estate Investments includes all except what? - ✔✔liquidity
✔✔Pinkie and Sam just closed on their new home. What is the status of their contract
with the seller? - ✔✔Their contract was executed.
✔✔What are the factors that influence supply? - ✔✔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?
- ✔✔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 in writing
because she did not rent a place from the list. She is entitled to how much of a refund? -
✔✔0%
, ✔✔Harriet entered into an agreement to sell her house. According to the contract, even
if Harriet or another agent brings the buyer, the listing agent will still receive a
commission. What type of listing did Harriet sign? - ✔✔exclusive right of sale listing
✔✔Yvette claimed Giselle's property through adverse possession. To have done so
successfully, Yvette would have to have done all the following except what? - ✔✔Do so
for a continuous period of 10 Years
✔✔Who is responsible for deciding the brokerage relationship? - ✔✔broker
✔✔How many of the FREC members must be at least 60 years of age? - ✔✔1
✔✔Lauren made an offer on a home. The seller countered her offer. Which statement is
true? - ✔✔Lauren's original offer was terminated by the seller's counteroffer.
✔✔A real estate agent that can call him or herself a REALTOR® means he or she has
met which of the following criteria? - ✔✔Is a member of the National Association of
REALTORS®
✔✔Which statement is false regarding culpable negligence? - ✔✔You can never be
charged with Culpable Negligence if you did not know of a damaging issue.
✔✔A deal failed to close because the buyer was unable to secure financing. The broker
received conflicting demands regarding the earnest money. How long does the broker
have to notify the FREC that the conflict exists? - ✔✔15 days
✔✔Faye just signed a new lease. It is for six months. What kind of tenancy does she
have? - ✔✔Tenancy for years
✔✔The state of Florida requires all brokerage offices to have at least one enclosed
room in a building of stationary construction what other criteria? - ✔✔An entrance sign
✔✔Which of the following properties would be defined as residential real estate per
Chapter 475, Florida Statute? - ✔✔5-acres with a house and a barn
✔✔What is actual notice? - ✔✔Something you have learned by reading, seeing or
hearing.
✔✔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? - ✔✔Regression
