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ASREB Exam Questions With 100- Correct Answers.
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ASREB Exam Questions With 100- Correct Answers.
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10/7/24, 1:54 PMASREB Exam Questions
Jeremiah
Terms in this set (324)
Salesperson is working for a principal, but Estoppel
the salesperson exceeds authority in
agreement. Principal does nothing to
correct the actions, and the public is led to
believe the actions were okay. Agency?
Amount stated in a purchase contract in Liquidated
case the buyer breaches is called:
In a sublease with a positive leasehold who Sub-lessor
benefits from excess rent?
Property taxes are 1,525. 1st half paid by 512.57 Debit seller, credit buyer (518.07)
seller closes November 2nd
Deed of trust is created, it also needs: Note
Consumer financial protection bureau is Savings & Loan Associations
governing
Fixed rate 30 year loan is partially prepaid, Shortening the life of the loan
has an effect on
Buyers interest in a purchase contract is Never Required
assigned to 3rd party, sellers' permission
Apt. 2 units :900, 2550 2,030
90,000 1500 + 6% annum 427.50
Sell house for 113,000 7% VA Loan 110,000 2 29,840
½ points termite inspection
Commissioner may issue cease and desist Appeal to Advisory Board
on all but
Low income loans GNMA
Closing statement not pro-rated Security deposit
ASREB Exam Questions
What is not required on brokerage receipt brokerage name
1/5
, 10/7/24, 1:54 PM
Brokers are required to have all except: Trust Account
Not appear on public report Market Value
Taxes are 915 a year, seller paid 1st half on 340 Debit Seller
October 1, close escrow on 11/16
Relationship of Licensee to Broker General
Sell June 6th, Water Bill $86 and taxes are 437 Credit Seller, 492 Debit Buyer
$778
Life Tenant Holds Fee Simple
Couplings Home Inspectors/Arizona Board of Technical Registration
When a broker moves their office the sign Immediately
must be removed
Property closes on June 15, using 365 days 657.54
credit to the seller when 1200 was paid
When you appraise land and ad it to the Cost
depreciated value of the improved
property, what appraisal approach is being
used
Term used by surveyors Benchmark
Right to license agents legislature
Law that requires non-resident aliens to pay FIRPTA
gains
160,000 property Evans, Cains 155,000. Cain Evan pays 5,000
paid 5,000 taxes are assessed on
Sale leaseback occurs Buyer is landlord
Type of deed is not necessarily evidence Quite Claim Deed
of title
Commerical lease what limits increases in Expense stop
cost
Who pays discount points on VA loan Buyer
Rectangular property 8690 yards has 318 245 Feet
front feet. How deep?
Which of the following is not fee simple Lessee with long term lease
absolute interest?
Buying rental property appraised using? Income Approach
Required to complete ADEQ notice on site Buyer
wastewater facility
Assessments for PI Placed on Realty Based Pro Rata Share Cost of Improvements
Real estate device which doesn't transfer Agreement for sale
legal title but does place equitable title to
buyer
Contiguous Means Parcels Land Connected
Bait and Switch Truth in Lending Act
Highest Form Fee Simple
2/5
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