100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
ASREB State Test B-1; Questions and Answers 100% Verified £11.17   Add to cart

Exam (elaborations)

ASREB State Test B-1; Questions and Answers 100% Verified

 13 views  0 purchase
  • Module
  • ASREB
  • Institution
  • ASREB

ASREB State Test B-1; Questions and Answers 100% Verified Before the commissioner issues a public report on subdivided land, the subdivider may not: Take lot reservations Enter into a binding contract Advertise the lots for sale Begin lot improvements Answer-Enter into a binding contract

Preview 3 out of 24  pages

  • August 9, 2024
  • 24
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • ASREB
  • ASREB
avatar-seller
ASREB State Test B-1; Questions and Answers 100%
Verified
Before the commissioner issues a public report on subdivided land, the subdivider may not:

Take lot reservations

Enter into a binding contract

Advertise the lots for sale

Begin lot improvements Answer-Enter into a binding contract




All of the following can be used in a developer's public report advertisement EXCEPT:

Specific prices

A statement which says, "The public report is an endorsement of the project"

Names of the owners and past history

Future plans of the general area Answer-A statement which says, "The public report is an
endorsement of the project"




How long are the real estate exam tests scores valid for?

One year

Two years

Three years

Four years Answer-One year




How long does a broker doing sales need to keep records?

2 years

, ASREB State Test B-1; Questions and Answers 100%
Verified
3 years

4 years

5 years Answer-5 years




The commissioner may deny a public report for all of the following reasons EXCEPT:

The property is without ingress or egress

The owners have previously declared bankruptcy

The owner can't produce perfect title

The owner can't produce marketable title Answer-The owner can't produce perfect title




All listings must be in writing to be enforceable according to:

Arizona Constitution Article XXVI

Law of Agency

Arizona Revised Statutes

RESPA Answer-Arizona Revised Statutes




The commissioner has the power to do all of the following EXCEPT:

Prescribe rules and regulations

Investigate signed written complaints

Examine office records

Create real estate statutes Answer-Create real estate statutes

, ASREB State Test B-1; Questions and Answers 100%
Verified

After passing the real estate exam, a licensee must activate his license within:

Six months of the examination date

Six months of notification of passing the test

One year of the examination date

Three years of the examination date Answer-One year of the examination date




Unless otherwise specified, a broker is required to deposit earnest monies in escrow or in a
trust account:

Upon the buyer's acceptance

Upon seller's acceptance

Promptly by the close of the next business day

Within 72 hours of receipt Answer-Promptly by the close of the next business day




The commissioner will deny a public report on a subdivision because of the subdivider's inability
to:

Provide buyers with water rights

Provide building permits

Deliver clear title

Provide floor plans Answer-Deliver clear title




Who may accept a commission from an out-of-state broker?

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller GOLDTUTORS. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for £11.17. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

85443 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now

Start selling
£11.17
  • (0)
  Add to cart