ASREB Exam Questions with 100% Correct Solutions
Salesperson is working for a principal, but 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? - Correct Answer ️️ -Estoppel
Amount st...
ASREB Exam Questions with 100% Correct Solutions Salesperson is working for a principal, but 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? - Correct Answer ✔️✔️-Estoppel Amount stated in a purchase contract in case the buyer breaches is called: - Correct Answer ✔️✔️-Liquidated In a sublease with a positive leasehold who benefits from excess rent? - Correct Answer ✔️✔️-Sub-lessor Property taxes are 1,525. 1st half paid by seller closes November 2nd - Correct Answer ✔️✔️-512.57 Debit selle r, credit buyer ( 518.07 ) Deed of trust is created, it also needs: - Correct Answer ✔️✔️-Note Consumer financial protection bureau is governing - Correct Answer ✔️✔️-Savings & Loan Associations Fixed rate 30 year loan is partially prepaid, has an effect on - Correct Answer ✔️✔️-
Shortening the life of the loan Buyers interest in a purchase contract is assigned to 3rd party, sellers' permission - Correct Answer ✔️✔️-Never Required Apt. 2 units :900, 2550 - Correct Answer ✔️✔️-2,030 90,000 1500 + 6% annum - Correct Answer ✔️✔️-427.50 Sell house for 113,000 7% VA Loan 110,000 2 ½ points termite inspection - Correct Answer ✔️✔️-29,840 Commissioner may issue cease and desist on all but - Correct Answer ✔️✔️-Appeal to Advisory Board Low income loans - Correct Answer ✔️✔️-GNMA Closing statement not pro -rated - Correct Answer ✔️✔️-Security deposit What is not required on brokerage receipt - Correct Answer ✔️✔️-brokerage name Brokers are required to have all except: - Correct Answer ✔️✔️-Trust Account Not appear on publ ic report - Correct Answer ✔️✔️-Market Value Taxes are 915 a year, seller paid 1st half on October 1, close escrow on 11/16 - Correct Answer ✔️✔️-340 Debit Seller Relationship of Licensee to Broker - Correct Answer ✔️✔️-General Sell June 6th, Water Bill $8 6 and taxes are $778 - Correct Answer ✔️✔️-437 Credit Seller, 492 Debit Buyer Life Tenant Holds - Correct Answer ✔️✔️-Fee Simple Couplings - Correct Answer ✔️✔️-Home Inspectors/Arizona Board of Technical Registration When a broker moves their office the si gn must be removed - Correct Answer ✔️✔️-
Immediately Property closes on June 15, using 365 days credit to the seller when 1200 was paid - Correct Answer ✔️✔️-657.54 When you appraise land and ad it to the depreciated value of the improved property, what appraisal approach is being used - Correct Answer ✔️✔️-Cost Term used by surveyors - Correct Answer ✔️✔️-Benchmark Right to license agents - Correct Answer ✔️✔️-legisl ature Law that requires non -resident aliens to pay gains - Correct Answer ✔️✔️-FIRPTA 160,000 property Evans, Cains 155,000. Cain paid 5,000 taxes are assessed on - Correct Answer ✔️✔️-Evan pays 5,000 Sale leaseback occurs - Correct Answer ✔️✔️-Buyer is la ndlord Type of deed is not necessarily evidence of title - Correct Answer ✔️✔️-Quite Claim Deed Commerical lease what limits increases in cost - Correct Answer ✔️✔️-Expense stop Who pays discount points on VA loan - Correct Answer ✔️✔️-Buyer Rectangular pr operty 8690 yards has 318 front feet. How deep? - Correct Answer ✔️✔️-
245 Feet Which of the following is not fee simple absolute interest? - Correct Answer ✔️✔️-Lessee with long term lease Buying rental property appraised using? - Correct Answer ✔️✔️-Incom e Approach Required to complete ADEQ notice on site wastewater facility - Correct Answer ✔️✔️-
Buyer Assessments for PI Placed on Realty Based - Correct Answer ✔️✔️-Pro Rata Share Cost of Improvements Real estate device which doesn't transfer legal title bu t does place equitable title to buyer - Correct Answer ✔️✔️-Agreement for sale Contiguous Means - Correct Answer ✔️✔️-Parcels Land Connected
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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 BrittieDonald. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.49. You're not tied to anything after your purchase.
