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Arizona school of real estate and business Practice exam from back of the book Questions With 100
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Arizona school of real estate and business Practice exam from back of the book Questions With 100
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10/7/24, 1:56 PMArizona school of real estate and business Practice exam
from back of the book
Jeremiah
Terms in this set (98)
A 3.45 acre lot sells for $.50 per square $75,141
foot. What is the selling price
Applying to add refers to an ad that Gives no indication that the property is listed as a broker
A bar were is required to put 10% down for Equity
the purchase of the property. The 10%
down would be considered
A broker acting as a property manager, General
would be what type of Asian
A buyer pays 20% down and obtains a real Acceleration
state mortgage. The buyer makes no
further payments. What clause with the
lender now exercise
In Arizona, a civil suit for $2500 would be Court of small claims
heard in
A contract has been signed, but title has Executory
not yet passed. The contract is
A handicap person is leasing a house that The lessor can require the lessee to reasonably restore the property at the end of
requires modification. Which of the the lease
following is true about the modifications
A hold of her tenant would have a(n) Estate at sufferance
I'm home owner bought a house for 5%
$278,000. She sold at nine years later for
$264,000. What is her percent of loss
A house cost $100,000. The buyer is making $2720
a down payment of $32,000 and getting a
$68,000 loan if there are four points, how
much money will be paid out of closing for
Arizona school of real estate and business Practice exam from back of the book
A lender refuses to loan or limits moans in a Redlining
certain minority neighborhood. This action
is called
Unless he puts in a bookcase for A trade fixture
commercial use; at the end of the lease the
bookcase is removed. A bookcase would
be considered
In Arizona real estate license is renewed Two years
every
How listing broker receive several offers at Present all the offers
the same time. The broker shed
the points
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The loan estimate must be given to a bar or Of loan application
within three business days
A party lives on the property without Adverse possession
permission of the owner. After the legally
required time period, is the occupant
received the title to the property it was
done so through
A plat map and include everything except Buildings
I real estate mortgage would be a(n) Voluntary lien
I real estate sale was closed on March 21. $281.94 debit
The assessed value of the property is
$72,500 I wanted to. The tax rate is $1.75
per $100 of assessed value. What is the
proper entry on the sellers settlement
statement
Right of way over Parcel A to Parcel please Dominant tenement
identifies Parcel B as the
A sales person runs an ad in the local The Brokeridge name must appear prominently in the ad
paper promoting a brokers listing. Which of
the following is true
A seller lists property with a brokerage, Exclusive agency
sells it himself, and does not have to pay
commission. What kind of listing did the
seller sign
A seller needs to pay an estimate of $2000 $222,600
in closing cost, $150,000 on his current
mortgage, and wants $58,000 in cash for a
down payment on another house. His
listing agreement I will get him to pay 6%
commission to the brokerage. What is the
minimum selling price he can except
rounded to the nearest dollar
A seller wants to list a four plex and live in Refuse the listing; it violates fair housing
one unit, that doesn't want any children in
the units. What should the agent do
Valid contract must have Offer and acceptance
If verbal contract for the purchase of real Unenforceable
Arizona
estate is school of real estate and business Practice exam from back of the book
2/7
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