Azure Tide Real Estate Exam 1 2025
complete questions and Answers
The Planning Commission - CORRECT ANSWER- Which group is responsible for the
preparation of the comprehensive plan or plan amendment?
Religion - CORRECT ANSWER- Advertising that discriminates against people based on
________ is prohibited by the Fair Housing Act and its amendments.
Equal Credit Opportunity Act - CORRECT ANSWER- Which of the following protects mortgage
applicants from discrimination based on receiving public assistance?
Freddie Mac - CORRECT ANSWER- Fannie Mae purchases all of the following loans EXCEPT:
Mortgage interest of $7,875 and property taxes of $1,850 - CORRECT ANSWER- * Hilda and
Hyatt paid $7,875 last year in mortgage interest, $4,200 in principal payments, $1,850 in
property tax, $840 in mortgage insurance, $1,200 in property insurance, and $1,500 in
maintenance. Which expenses are deductible from their federal taxes?
Promissory Note - CORRECT ANSWER- What instrument includes the specific terms of the
loan such as rate, length of term, payment, etc.?
Third-degree felony - CORRECT ANSWER- Practicing real estate without a license is a:
36 sections - CORRECT ANSWER- A township contains:
Easement by prescription. - CORRECT ANSWER- Heather has been using a roadway at the
back of the 22 acres Pam owns in order to access a fishing pond. She has been driving down
the roadway almost every day without permission for over 20 years. This is called an:
Collection and Vacancy losses - CORRECT ANSWER- When figuring effective gross income
which expenses are deducted?
Thursday - CORRECT ANSWER- 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?
All of the above - CORRECT ANSWER- A buyers loan payment called "PITI" will change if:
1) The property taxes increase
2) The property taxes decrease
3) Their home owners insurance fluctuates
Submitted answer
4) All of the above
Escheat - CORRECT ANSWER- Candy died intestate. After an extensive search, no heirs were
found. Candy's real property would transfer by:
A single-family home for sale built Prior to 1978 - CORRECT ANSWER- Which of the following
properties requires a lead based paint disclosure?
$8,912.50
complete questions and Answers
The Planning Commission - CORRECT ANSWER- Which group is responsible for the
preparation of the comprehensive plan or plan amendment?
Religion - CORRECT ANSWER- Advertising that discriminates against people based on
________ is prohibited by the Fair Housing Act and its amendments.
Equal Credit Opportunity Act - CORRECT ANSWER- Which of the following protects mortgage
applicants from discrimination based on receiving public assistance?
Freddie Mac - CORRECT ANSWER- Fannie Mae purchases all of the following loans EXCEPT:
Mortgage interest of $7,875 and property taxes of $1,850 - CORRECT ANSWER- * Hilda and
Hyatt paid $7,875 last year in mortgage interest, $4,200 in principal payments, $1,850 in
property tax, $840 in mortgage insurance, $1,200 in property insurance, and $1,500 in
maintenance. Which expenses are deductible from their federal taxes?
Promissory Note - CORRECT ANSWER- What instrument includes the specific terms of the
loan such as rate, length of term, payment, etc.?
Third-degree felony - CORRECT ANSWER- Practicing real estate without a license is a:
36 sections - CORRECT ANSWER- A township contains:
Easement by prescription. - CORRECT ANSWER- Heather has been using a roadway at the
back of the 22 acres Pam owns in order to access a fishing pond. She has been driving down
the roadway almost every day without permission for over 20 years. This is called an:
Collection and Vacancy losses - CORRECT ANSWER- When figuring effective gross income
which expenses are deducted?
Thursday - CORRECT ANSWER- 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?
All of the above - CORRECT ANSWER- A buyers loan payment called "PITI" will change if:
1) The property taxes increase
2) The property taxes decrease
3) Their home owners insurance fluctuates
Submitted answer
4) All of the above
Escheat - CORRECT ANSWER- Candy died intestate. After an extensive search, no heirs were
found. Candy's real property would transfer by:
A single-family home for sale built Prior to 1978 - CORRECT ANSWER- Which of the following
properties requires a lead based paint disclosure?
$8,912.50
