Name: Score:
188 Multiple choice questions
Term 1 of 188
Blind ads do NOT:
Include images of the advertised product
Indicate that the advertiser is an agent
Mention the price of the advertised item
Reveal the advertiser's contact information
Term 2 of 188
An incorporated developer wants to raise capital for improvements without creating any liens or
incurring new debt. The developer could:
Offeree
Sell bonds
Buy stock
Sell stock
Term 3 of 188
Boot is more closely associated with a:
Trade
Generic
Brand
Trust
,Term 4 of 188
All of the following are exempt from registration under the Interstate Land Sales Full Disclosure
Act, EXCEPT:
The lots are located in a flood zone
Buyers are provided with a detailed property report
The developer has a good reputation in the industry
The lots are subject to a mortgage lien
Term 5 of 188
A mechanic's lien filed by a contractor is a valid lien for:
6 months
60 days
10 days
3 years
Term 6 of 188
On February 1, a mortgagor makes a $638 payment on her mortgage, which is at the rate of 10%.
The mortgagee allocates $500 to the payment of interest. What is the principal balance due on
the mortgage on February 2?
$59,862
$63,662
$60,000
$38,400
,Term 7 of 188
It is discovered after a sale that the parcel is 20 percent smaller than the owner represented it to
be. The broker, who passed on the information to the buyer is:
Entitled to a bonus for the sale
Not responsible for any misrepresentation
Required to disclose all property defects
Liable if he knew or should have known of the difference
Term 8 of 188
Which of the following is personal property? A) Mortgage Note B) Fixture C) Cesspool System
D)Perennial Shrubs
Easement appurtenant
Association monthly fee
Unusual expenses
Perennial shrubs
Term 9 of 188
"Puffing" relates to exaggerations not made as representations of fact. That is:
Computed as Part of the Cost Approach
Ignored by the Arizona Department of Real Estate.
Discouraged by the Arizona Department of Real Estate.
Required by the Arizona Department of Real Estate.
, Term 10 of 188
A person who receives a fee interest following the termination of a prior estate is called:
A holder of a life estate
A remainderman
A life tenant
A reversioner
Term 11 of 188
An owner's title insurance policy protects the buyer against financial loss due to title defects:
That are related to property taxes
That involve home inspection issues
That existed at the time the insured received the title
That may arise in the future
Term 12 of 188
The Federal Housing Administration is administered by:
The Federal Reserve System
The Department of Housing and Urban Development
The Environmental Protection Agency
The Department of Education
188 Multiple choice questions
Term 1 of 188
Blind ads do NOT:
Include images of the advertised product
Indicate that the advertiser is an agent
Mention the price of the advertised item
Reveal the advertiser's contact information
Term 2 of 188
An incorporated developer wants to raise capital for improvements without creating any liens or
incurring new debt. The developer could:
Offeree
Sell bonds
Buy stock
Sell stock
Term 3 of 188
Boot is more closely associated with a:
Trade
Generic
Brand
Trust
,Term 4 of 188
All of the following are exempt from registration under the Interstate Land Sales Full Disclosure
Act, EXCEPT:
The lots are located in a flood zone
Buyers are provided with a detailed property report
The developer has a good reputation in the industry
The lots are subject to a mortgage lien
Term 5 of 188
A mechanic's lien filed by a contractor is a valid lien for:
6 months
60 days
10 days
3 years
Term 6 of 188
On February 1, a mortgagor makes a $638 payment on her mortgage, which is at the rate of 10%.
The mortgagee allocates $500 to the payment of interest. What is the principal balance due on
the mortgage on February 2?
$59,862
$63,662
$60,000
$38,400
,Term 7 of 188
It is discovered after a sale that the parcel is 20 percent smaller than the owner represented it to
be. The broker, who passed on the information to the buyer is:
Entitled to a bonus for the sale
Not responsible for any misrepresentation
Required to disclose all property defects
Liable if he knew or should have known of the difference
Term 8 of 188
Which of the following is personal property? A) Mortgage Note B) Fixture C) Cesspool System
D)Perennial Shrubs
Easement appurtenant
Association monthly fee
Unusual expenses
Perennial shrubs
Term 9 of 188
"Puffing" relates to exaggerations not made as representations of fact. That is:
Computed as Part of the Cost Approach
Ignored by the Arizona Department of Real Estate.
Discouraged by the Arizona Department of Real Estate.
Required by the Arizona Department of Real Estate.
, Term 10 of 188
A person who receives a fee interest following the termination of a prior estate is called:
A holder of a life estate
A remainderman
A life tenant
A reversioner
Term 11 of 188
An owner's title insurance policy protects the buyer against financial loss due to title defects:
That are related to property taxes
That involve home inspection issues
That existed at the time the insured received the title
That may arise in the future
Term 12 of 188
The Federal Housing Administration is administered by:
The Federal Reserve System
The Department of Housing and Urban Development
The Environmental Protection Agency
The Department of Education
