Exam (elaborations)
AZURE TIDE REAL ESTATE SCHOOL QUESTIONS AND ANSWERS
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AZURE TIDE REAL ESTATE SCHOOL QUESTIONS AND ANSWERS
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AZURE TIDE REAL ESTATE SCHOOLA tenant was required to pay $1200 as security deposit. Three weeks after making the
deposit, the landlord passed along to the tenant by phone the mandatory information
concerning his deposit of funds. Why has the landlord violated F.S. 83? - Answers-The
landlord failed to notify the tenant in writing of the bank name, address, and other
information regarding the deposit
Sales associate Donald hired Sam as a personal assistant. Sam normally spent his day
preparing marketing material under the direction of Sam. However, when Donald was
out of town, Sam handled transported a contract to Donalds sellers to get it signed.
What describes this situation? - Answers-This is a legal act as long as he acted only as
a courier
Which property is exempt from property taxes?
1) Church
2) County courthouse
3) Public school
4) Air force base - Answers-Church
If the Federal Reserve votes to raise the discount rate, how will this likely affect interest
rates on short-term credit?
1) They will likely increase
2) They will likely decrease
3) There will likely be no effect because the discount rate affects mortgage rates only
4) There will likely be no effect on short-term rates because the discount rate is charged
directly to borrowers - Answers-They will likely increase
Which lien is an example of a superior lien?
1) Judgment
2) Income tax
3) Vendor
4) Special assessment - Answers-Special assessment
If a tenant vacates rented premises at the end of a lease, how many days does the
landlord have by law to notify the tenant if the landlord intends to claim part of the
tenants security deposit? - Answers-30 DAYS
An appraiser is estimating the value of a villa with an attached garage. She found three
comparable villas however none of the comps have pools only carports. The appraiser
estimates that the garage has a value of $18,000. How would the difference be
handled?
, 1) Add $18,000 to the mid-priced comp only
2) Add $18,000 to all the comps
3) Subtract $18,000 from all the comps
4) Subtract $18,000 from the subject property - Answers-Add $18,000 to all the comps
Which is not a remedy for breach of contract?
1) Compensatory damages
2) Specific performance
3) Liquidated damages
4) Mitigated performance - Answers-Mitigated performance
A sales associates license expired 20 months ago. What MUST this sales associate do
to again work as a real estate sales associate?
1) Complete Course I and pass the end-of-course exam
2) Complete 14 Hours of continuing education
3) Complete a 28-Hour Commission-prescribed education course
4) Pass the state license exam - Answers-Complete a 28-Hour Commission-prescribed
education course
When complaints of an alleged violation of the Florida statute, DBPR rule, or FREC rule;
the following steps are taken in the following order
1) A complaint is filed, an investigation of the complaint is made, an informal hearing is
conducted, a probable cause hearing is held, a formal complaint is issued if probable
cause was found, a formal hearing is conducted, a final order is issued and finally a
Judicial review is made (if initiated by the licensee)
2) A complaint is filed, an investigation of the complaint is made, a probable cause
determination is made, a formal complaint is issued if probable cause was found, an
informal hearing or formal hearing is conducted, a final order is issued and finally a
Judicial review is made (if initiated by the licensee)
3) A formal complaint is issued, an investigation of the complaint is made, a probable
cause determination is made, an informal hearing or formal hearing is - Answers-A
complaint is filed, an investigation of the complaint is made, a probable cause
determination is made, a formal complaint is issued if probable cause was found, an
informal hearing or formal hearing is conducted, a final order is issued and finally a
Judicial review is made (if initiated by the licensee)
The constitutional homestead law protects real property from forced sale to satisfy
which type of delinquent debt? - Answers-1) Real property taxes
2) Mortgage lien on the homesteaded property
3) Construction lien for home improvements
4) Credit card debt
The federal telemarketing laws restricts telephone solicitation calls to what hours?
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