Exam (elaborations)
ARIZONA REAL ESTATE STATE EXAM QUESTIONS WITH COMPLETE ANSWERS
- Institution
- Arizona School Of Real Estate And Business
ARIZONA REAL ESTATE STATE EXAM QUESTIONS WITH COMPLETE ANSWERS
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ARIZONA REAL ESTATE STATE EXAMQUESTIONS WITH COMPLETE
ANSWERS
In Arizona, property owned before marriage is sole and separate. Property acquired
after marriage would be considered - ANSWER-community property
Which of the following statements is true regarding cooperative ownership:
a. a deed is issued to each unit
b. owner has a long-term proprietary lease
c. each unit has a separate note and deed to trust
d. the owner is a joint tenant with the other occupants - ANSWER-b. owner has a
long-term proprietary lease
If a husband and wife own community property and the husband dies, who receives
the husband's behalf? - ANSWER-heirs
A recorded easement places on the property - ANSWER-an encumbrance
A disadvantage of ownership in a cooperative when compared to a condominium
would MOST likely be the:
a. Restriction on profit upon resale
b. Danger that other owners might not be able to pay their share toward the
mortgage and taxes
c. Personal liability of owners should they default on their payments
d. High tax assessment - ANSWER-b. Danger that other owners might not be able to
pay their share toward the mortgage and taxes
The rights of the owner of property along the banks of a stream or river are called -
ANSWER-riparian rights
The use of surface water in Arizona is governed by all of the following, EXCEPT:
a. riparian rights
b. prior appropriation
c. reasonable use
d. recorded permit issued by state Department of Water Resources - ANSWER-
riparian rights
Which of the following would be considered an exempt domestic well?
a. one with a maximum pump capacity of 50 gallons per minute
b. one with a maximum pump capacity of 35 gallons per minute
c. any size pump used for domestic use
d. any size pump as long as notice is given of intent to drill - ANSWER-b. one with a
maximum pump capacity of 35 gallons per minute
, Until the remediation of the residual contamination from a clandestine drug
laboratory is complete, the owner must notify a buyer within how many days after the
buyer signs the purchase contract to buy the subject property? - ANSWER-5 days
When altering an Arizona dry desert wash, a developer needs to consider the
requirements of the - ANSWER-Clean Water Act (Wetlands)
A range is a strip of land:
a. 6 miles wide running north and south
b. 1 mile wide running east and west
c. 6 miles wide running east and west
d. 1 mile wide running north and south - ANSWER-a. 6 miles wide running north and
south
How many acres would be contained in the following legal descriptions? NW1/4,
SE1/4, N1/2, SE1/4, and SW1/4, SE1/4, S1/2, N1/4 of Section 21: - ANSWER-10
acres
A metes and bound description MUST:
a. cover an area larger than 10 acres
b. be in areas not included in the rectangular survey system
c. commence and finish at the same identifiable point
d. always use north as the basis for directions - ANSWER-c. commence and finish at
the same identifiable point
The following section number is considered a fractional section:
a. 13
b. 18
c. 20
d. 36 - ANSWER-18
Which of the following would NOT appear on a public report?
a. utilities
b. title condition
c. market value
d. legal description - ANSWER-c. market value
The only thing a subdivider can accept before receiving the Commissioner's property
report is a(n): - ANSWER-lot reservation
Which of the following action would NOT prevent a claim of adverse possession?
a. physically barring entry to adverse user
b. ousting the adverse user
c. ordering the adverse user to desist
d. giving the adverse user express permission to use the property - ANSWER-c.
ordering the adverse user to desist
Standard coverage in a title insurance policy does NOT insure against:
a. forged documents
b. incompetent grantor
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