Arizona Real Estate Exam Correct Questions & Answers!!COMPLETE COMPILATION EXAM BUNDLEArizona Real Estate Exam Correct Questions & Answers!!COMPLETE COMPILATION EXAM BUNDLEArizona Real Estate Exam Correct Questions & Answers!!COMPLETE COMPILATION EXAM BUNDLEArizona Real Estate Exam Correct Question...
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Which of the following is NOT a specific lien? a. an unrecorded mortgage b. a mechanic's lien c. a judgement lien d. a blanket mortgage - ANSWER c. a judgement lien Which of the following is NOT an encumbrance on real property? a. lease b. easement c. homestead right d. restrictive conve...
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Add to cartWhich of the following is NOT a specific lien? a. an unrecorded mortgage b. a mechanic's lien c. a judgement lien d. a blanket mortgage - ANSWER c. a judgement lien Which of the following is NOT an encumbrance on real property? a. lease b. easement c. homestead right d. restrictive conve...
Arizona property taxes are based on: - ANSWER Assessed value The tax rate applied to owner occupied residential property is: - ANSWER 10 % What lien has priority first: - ANSWER Property taxes Property taxes become a lien the first day of: - ANSWER January If a property is not bid at a t...
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Add to cartArizona property taxes are based on: - ANSWER Assessed value The tax rate applied to owner occupied residential property is: - ANSWER 10 % What lien has priority first: - ANSWER Property taxes Property taxes become a lien the first day of: - ANSWER January If a property is not bid at a t...
Encumber, Access, Use, Transfer, Exclude are all __________ - ANSWER Bundle of Rights Real Property that you can touch is __________ - ANSWER Corporeal Real Property you can NOT touch is __________ - ANSWER Incorporeal Chattel is __________ - ANSWER Personal Property Adjoining landowners...
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Add to cartEncumber, Access, Use, Transfer, Exclude are all __________ - ANSWER Bundle of Rights Real Property that you can touch is __________ - ANSWER Corporeal Real Property you can NOT touch is __________ - ANSWER Incorporeal Chattel is __________ - ANSWER Personal Property Adjoining landowners...
Within how many days after property transfer shall a buyer submit a completed transfer form and file with ADEQ - ANSWER 15 days An example of involuntary alienation is where title to real estate passes by: - ANSWER Sheriff's deed What event will create an involuntary life estate? - ANSWER Dow...
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Add to cartWithin how many days after property transfer shall a buyer submit a completed transfer form and file with ADEQ - ANSWER 15 days An example of involuntary alienation is where title to real estate passes by: - ANSWER Sheriff's deed What event will create an involuntary life estate? - ANSWER Dow...
What are the two requirements of the property if the anti-deficiency statute is to apply? - ANSWER 2.5 acres or less. Utilized as a family home for a 1 or 2 family dwelling. In a deed of trust, who is the "trustor?" - ANSWER The person buying the house (the purchaser). Who has priority in li...
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Add to cartWhat are the two requirements of the property if the anti-deficiency statute is to apply? - ANSWER 2.5 acres or less. Utilized as a family home for a 1 or 2 family dwelling. In a deed of trust, who is the "trustor?" - ANSWER The person buying the house (the purchaser). Who has priority in li...
What is the form of co-ownership in which two or more persons each have an undivided interest in the property but no right of survivorship? - ANSWER Tenancy in Common A type of ownership that is considered a long-term lease is best described as: - ANSWER Cooperative Building codes are primaril...
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Add to cartWhat is the form of co-ownership in which two or more persons each have an undivided interest in the property but no right of survivorship? - ANSWER Tenancy in Common A type of ownership that is considered a long-term lease is best described as: - ANSWER Cooperative Building codes are primaril...
If a commission amount or percentage is NOT stated in the listing agreement: - ANSWER The broker would not be entitled to a commission Most homes in AZ are cold with legal descriptions that state: - ANSWER Lot and block In which of the following appraisal methods DOES an appraiser need to de...
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Add to cartIf a commission amount or percentage is NOT stated in the listing agreement: - ANSWER The broker would not be entitled to a commission Most homes in AZ are cold with legal descriptions that state: - ANSWER Lot and block In which of the following appraisal methods DOES an appraiser need to de...
appurtenant - ANSWER Runs with the land when item is transferred assemblage - ANSWER The combining of two or more adjoining lots into one large tract. Buffer zone - ANSWER In zoning, a strip of land separating one land use from another. 1 year - ANSWER 1. Residential rental agreements. 2. ...
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Add to cartappurtenant - ANSWER Runs with the land when item is transferred assemblage - ANSWER The combining of two or more adjoining lots into one large tract. Buffer zone - ANSWER In zoning, a strip of land separating one land use from another. 1 year - ANSWER 1. Residential rental agreements. 2. ...
__________ prohibits any type of discrimination by race -ANSWER Civil Rights of 1866 The fair housing act today __________ based on race, color, religion, national origin, gender, handicap and familial status -ANSWER Prohibits discrimination __________ is encouraging people to sell their hom...
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Add to cart__________ prohibits any type of discrimination by race -ANSWER Civil Rights of 1866 The fair housing act today __________ based on race, color, religion, national origin, gender, handicap and familial status -ANSWER Prohibits discrimination __________ is encouraging people to sell their hom...
police power - ANSWER zoning enforcement code enforcement city planning enforcement P.I.T.I. impound account - ANSWER required on all FHA and VA loans Principle Interest Tax Insurance Points - ANSWER lenders charge to increase their return either 1% of loan amount or 1/8% of lenders inv...
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Add to cartpolice power - ANSWER zoning enforcement code enforcement city planning enforcement P.I.T.I. impound account - ANSWER required on all FHA and VA loans Principle Interest Tax Insurance Points - ANSWER lenders charge to increase their return either 1% of loan amount or 1/8% of lenders inv...
Individuals must be licensed to discuss: - ANSWER Price, Terms, Availability In Arizona, a real estate license will expire: - ANSWER Last day of the month in which the license was activated every two years In Arizona, In order to be a real estate broker, you must: - ANSWER Be active in real es...
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Add to cartIndividuals must be licensed to discuss: - ANSWER Price, Terms, Availability In Arizona, a real estate license will expire: - ANSWER Last day of the month in which the license was activated every two years In Arizona, In order to be a real estate broker, you must: - ANSWER Be active in real es...
What must subdivided lots have? - ANSWER Ingress & Egress What action takes place when a buyer defaults on a deed of trust? - ANSWER Notice of sale is sent to the owner/trustor from the Trustee What percentage would a owner-occupied residential house be assessed at? - ANSWER 10% In a proper...
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Add to cartWhat must subdivided lots have? - ANSWER Ingress & Egress What action takes place when a buyer defaults on a deed of trust? - ANSWER Notice of sale is sent to the owner/trustor from the Trustee What percentage would a owner-occupied residential house be assessed at? - ANSWER 10% In a proper...
A 3.45-acre What is the selling price? lot sells for so cents per square foot. A. 537,570 B. $75,141 C. 576,230 D. $78,712 - ANSWER B A blind ad refers to an ad that: A. provides no price. B. provides no address. C. gives no with a broker. indication that the property is listed D...
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Add to cartA 3.45-acre What is the selling price? lot sells for so cents per square foot. A. 537,570 B. $75,141 C. 576,230 D. $78,712 - ANSWER B A blind ad refers to an ad that: A. provides no price. B. provides no address. C. gives no with a broker. indication that the property is listed D...
_________of the Arizona Constitution gives licensees the authority to prepare all types of real estate contract - ANSWER Article XXVI The______ requires real estate contracts to be in writing to be enforceable - ANSWER Statute of Frauds The________ are not law but have the force and effect of ...
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Add to cart_________of the Arizona Constitution gives licensees the authority to prepare all types of real estate contract - ANSWER Article XXVI The______ requires real estate contracts to be in writing to be enforceable - ANSWER Statute of Frauds The________ are not law but have the force and effect of ...
Does the anti-deficiency statute apply to investment property? - ANSWER True. Does the anti-deficiency statute apply to second mortgages and deeds of trust? - ANSWER False. What are the two requirements of the property if the anti-deficiency statute is to apply? - ANSWER 2.5 acres or less. Uti...
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Add to cartDoes the anti-deficiency statute apply to investment property? - ANSWER True. Does the anti-deficiency statute apply to second mortgages and deeds of trust? - ANSWER False. What are the two requirements of the property if the anti-deficiency statute is to apply? - ANSWER 2.5 acres or less. Uti...
Q1) Which of the following ways of specializing is common in the real estate brokerage business? A. By type of mortgage financing required B. By years of experience in the business C. By type of property D. By background of client - ANSWER C. By type of property Q2) Which of the following is ...
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Add to cartQ1) Which of the following ways of specializing is common in the real estate brokerage business? A. By type of mortgage financing required B. By years of experience in the business C. By type of property D. By background of client - ANSWER C. By type of property Q2) Which of the following is ...
A utility company wants an easement on land, but the landowner doesn't want his property encumbered. What would the owner give the utility? - ANSWER License If the buyer is assuming an existing loan on the property, which of the following is prorated at closing? - ANSWER Interest Any broker o...
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Add to cartA utility company wants an easement on land, but the landowner doesn't want his property encumbered. What would the owner give the utility? - ANSWER License If the buyer is assuming an existing loan on the property, which of the following is prorated at closing? - ANSWER Interest Any broker o...
Who regulates ground water in AZ? - ANSWER ADWR (Arizona Department of Water Resource) Who is responsible for pest management in AZ? - ANSWER Arizona Department of Agriculture What does the ADRE Enforce? - ANSWER Real Estate Statutes and Commissioner's Rules How long is a septic tank inspe...
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Add to cartWho regulates ground water in AZ? - ANSWER ADWR (Arizona Department of Water Resource) Who is responsible for pest management in AZ? - ANSWER Arizona Department of Agriculture What does the ADRE Enforce? - ANSWER Real Estate Statutes and Commissioner's Rules How long is a septic tank inspe...
Marketable Title - ANSWER Good or clear title, reasonably free from the risk of litigation over possible defects. What is evidence of marketable title? - ANSWER The property seller must deliver marketable title to the buyer. In everyday language, that means the title must be free of liens, encumb...
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Add to cartMarketable Title - ANSWER Good or clear title, reasonably free from the risk of litigation over possible defects. What is evidence of marketable title? - ANSWER The property seller must deliver marketable title to the buyer. In everyday language, that means the title must be free of liens, encumb...
Which of the following is not properly included in the concept of the power of eminent domain: - ANSWER The right of government to confiscate property from the owner. This right falls under police power because confiscation doesn't allow for just compensation and eminent domain is a power with j...
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Add to cartWhich of the following is not properly included in the concept of the power of eminent domain: - ANSWER The right of government to confiscate property from the owner. This right falls under police power because confiscation doesn't allow for just compensation and eminent domain is a power with j...
Article XXVI of the Arizona Constitution - ANSWER RIGHT OF LICENSED REAL ESTATE BROKERS AND SALESMEN TO PREPARE INSTRUMENTS INCIDENT TO PROPERTY TRANSACTIONS The Real Estate Commissioner's Rules allow... - ANSWER The commissioner to interpret the law and develop rules that clarify the real estat...
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Add to cartArticle XXVI of the Arizona Constitution - ANSWER RIGHT OF LICENSED REAL ESTATE BROKERS AND SALESMEN TO PREPARE INSTRUMENTS INCIDENT TO PROPERTY TRANSACTIONS The Real Estate Commissioner's Rules allow... - ANSWER The commissioner to interpret the law and develop rules that clarify the real estat...
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