Exam (elaborations)
AZ REAL ESTATE PRACTICE EXAM QUESTIONS WITH COMPLETE ANSWERS
- Institution
- Arizona School Of Real Estate And Business
AZ REAL ESTATE PRACTICE EXAM QUESTIONS WITH COMPLETE ANSWERS
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AZ REAL ESTATE PRACTICE EXAMQUESTIONS WITH COMPLETE
ANSWERS
A legal description reads as follows: "The NW 1/4 of Section 2 and the W 1/2 of the
SW 1/4 of Section 35. How many acres is this? A. 20 acres B. 160 acres C. 240
acres D. 320 acres - ANSWER-C
If a tenant abandons a residential apartment, the landlord must do all of the following
EXCEPT A sell the tenant's personal property after holding it for 10 days. B. hold any
personal property of the tenant for a least 14 days before disposing of it. C. post a
notice of abandonment on the apartment door and wait 5 days before entering. D.
send a notice of abandonment to the tenant through certified mail. - ANSWER-A
How many days does the landlord have to give the tenant a full accounting of the
security deposit upon termination of tenancy? A. 3 days B. 10 days C. 14 days D. 21
days - ANSWER-C
How many townships are in a 24-mile square? A. 8 B. 12 C. 16 D. 24 - ANSWER-C
How much of a down payment is required for a VA guaranteed loan? A. 0% B. 3.5%
C. 5% D. 10% - ANSWER-A
Past due taxes would appear on a title report as a(n) A. encumbrance. B.
encroachment. C. lis pendens. D. adverse possession. - ANSWER-A
If a buyer buys a parcel of land for which a Public Report was required but was not
issued, the buyer may void the sale within A. 1 year. B. 2 years. C. 3 years. D. 5
years. - ANSWER-C
If there are material changes from an original Public Report, the Commissioner may
require the subdivider to create a(n) A. subsequent owner exemption. B. amended
Public Report. C. original subdivision disclosure report. D. affidavit of disclosure. -
ANSWER-B
If cap rates in an area are going up, how does this influence value? A. Value remains
the same. B. Value goes up. C. Value goes down. D. Value goes up by a multiple of
the cap rate. - ANSWER-C
The state obtains the property of someone who 57. dies intestate through A. police
power. B. escheat. C. eminent domain. D. taxation. - ANSWER-B
If there is a contract dispute, which of the following would take precedence? A.
printed word B. items crossed out C. handwritten words D. boilerplate - ANSWER-C
, In an agency relationship, the primary ethical duty of a broker is to A. disclose all
items to all parties. B. represent all parties. C. represent neither buyer or seller. D.
represent the principal. - ANSWER-D
When conveying property in Arizona, a deed must be signed by the A. grantee. B.
mortgagor. C. grantor. D. trustor. - ANSWER-C
In Arizona, property owned before marriage is sole and separate. Property acquired
after marriage would be considered A. community property. B. sole and separate. C.
tenancy in common. D. joint tenancy. - ANSWER-A
The right of an Arizona real estate licensee to prepare certain legal documents and
forms comes from A. the Arizona Statute of Frauds. B. the Commissioner's Rules. C.
the Arizona Constitution. D. local ordinance. - ANSWER-C
What clarifies ADRE's position on statutes or rules? A Case Law B. Arizona
Administrative Code C. Arizona Revised Statutes D. Substantive Policy Statements -
ANSWER-D
The concept that information given to a client's agent has been given to the client is
known as A. vicarious liability. B. fiduciary duty. C. imputed notice. D. caveat emptor.
- ANSWER-C
Mrs. Martin owns a house tears the house down in order price for the land. This is an
example of on a corner lot, and to get a better A. substitution. B. economic
depreciation. C. highest and best use. D. contribution - ANSWER-C
On a settlement statement, rent paid in advance would be a A. credit to the seller
only. B. debit to the buyer only. C. credit to the buyer, debit to the seller. D. credit to
the buyer only. - ANSWER-C
Property taxes are assessed on the A. capital gains on the property. B. value of the
property. C amount paid for the property. D. assessments on the property. -
ANSWER-B
Rows of townships are called A. tiers. B. ranges. C. townhouses. D. condominiums. -
ANSWER-A
The 1988 Amendments to the Federal Fair Housing Act prohibits discrimination
based on A. age and sex. B. handicapped and religion. C. familial status and
handicapped. D. familial status and age. - ANSWER-C
If the buyer of a property wants to remain anonymous, what term should be used for
that buyer's name in the purchase contract? A. Or Nominee B. Or Nominor C. Or
Principal D. Or Assignor - ANSWER-A
The doctrine of water usage in Arizona is known as A. riparian. B. prior
appropriation. C. reliction. D. littoral. - ANSWER-B
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