Arizona real estate 2024 - Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about Arizona real estate 2024? On this page you'll find 102 study documents about Arizona real estate 2024.
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Arizona Real Estate State Exam | Questions with 100% Correct Answers | Verified | Latest Update 2024 | 23 Pages
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Which of the following is NOT a specific lien? 
a. an unrecorded mortgage 
b. a mechanic's lien 
c. a judgement lien 
d. a blanket mortgage - c. a judgement lien 
Which of the following is NOT an encumbrance on real property? 
a. lease 
b. easement 
c. homestead right 
d. restrictive convenant - c. homestead right 
Which of the following is NOT an appurtenance? 
a. easement right 
b. mineral right 
c. water rights 
d. trade fixtures - d. trade fixtures 
The physical characteristics of land incl...
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Arizona Real Estate Exam Questions & Answers | 100% Correct | Verified | Latest Update 2024 | 23 Pages
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What is the form of co-ownership in which two or more persons each have an undivided interest in the 
property but no right of survivorship? - Tenancy in Common 
A type of ownership that is considered a long-term lease is best described as: - Cooperative 
Building codes are primarily enforced by: - the issuance of permits 
An interest in and possession of any real property is called - An estate 
Roberta wishes to build her garage 2 feet from her side lot line. City code calls for all side setbac...
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Real estate class final exam(2023- 2024)With complete updated solution Which of the following cannot be a trustee? - answerCPA The discount points are 3%, which represents $2,700. The buyer down payment is 20%. What is the purchase price of the property -
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Real estate class final exam(2023- 
2024)With complete updated solution 
Which of the following cannot be a trustee? - answerCPA 
The discount points are 3%, which represents $2,700. The buyer down payment is 20%. What is the purchase price of the property - answer100%-20%= 80% 
$2,700/3%= $90,000 
90,000/80%= $112,500 
A method of legal description that uses definite property lines and starting points is called? - answerFormal metes and bounds 
The seller wants to net $175, 000 after paying a 6...
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Arizona Real Estate Practice | 680 Questions with 100% Correct Answers | Verified | Latest Update 2024 | 60 Pages
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Within how many days after property transfer shall a buyer submit a completed transfer form and file 
with ADEQ - 15 days 
An example of involuntary alienation is where title to real estate passes by: - Sheriff's deed 
What event will create an involuntary life estate? - Dower interest becoming cohate 
A valid warranty deed must contain all of the following elements, except: - Signed by grantee 
The clause in a deed which sets forth or limits the extent of the interests in the title being conve...
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ARIZONA REAL ESTATE TEST QUESTIONS AND ANSWERS GRADED A+ LATEST UPDATE 2024
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ARIZONA REAL ESTATE TEST QUESTIONS AND ANSWERS 
GRADED A+ LATEST UPDATE 2024
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Arizona Real Estate Exam (State-Specific Portion) | Questions with 100% Correct Answers | Verified | Latest Update 2024
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~ The maximum amount of money that may be paid for any one licensee from the Recovery Fund is: 
- $20,000 
- $30,000 
- $40,000 
- $90,000 - - $90,000 
~ By June 30, the Real Estate Recovery Fund MUST maintain a balance of: 
- $200,000 
- $250,000 
- $300,000 
- $600,000 - - $600,000 
~ The real estate Commissioner is appointed by the: 
- Governor. 
- Advisory Board. 
- Legislature. 
- Brokers within the state. - - Governor 
~ The primary purpose of real estate licensing is to: 
- Have trained p...
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Arizona Real Estate Exam | 70 Questions with 100% Correct Answers | Verified | Latest Update 2024
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Encumber, Access, Use, Transfer, Exclude are all __________ - Bundle of Rights 
Real Property that you can touch is __________ - Corporeal 
Real Property you can NOT touch is __________ - Incorporeal 
Chattel is __________ - Personal Property 
Adjoining landowners that have the right to use the water is called __________ - Littoral Rights 
Enabling Legislation is __________ - Police Power 
Taking private property for public us is __________ - Eminent Domain
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Arizona Real Estate Exam Questions & Answers | 100% Correct | Verified | Latest Update 2024
- Exam (elaborations) • 23 pages • 2024
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What is the form of co-ownership in which two or more persons each have an undivided interest in the 
property but no right of survivorship? - Tenancy in Common 
A type of ownership that is considered a long-term lease is best described as: - Cooperative 
Building codes are primarily enforced by: - the issuance of permits 
An interest in and possession of any real property is called - An estate 
Roberta wishes to build her garage 2 feet from her side lot line. City code calls for all side setbac...
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Arizona Real Estate Exam | 70 Questions with 100% Correct Answers | Verified | Latest Update 2024
- Exam (elaborations) • 9 pages • 2023
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Encumber, Access, Use, Transfer, Exclude are all __________ - Bundle of Rights 
Real Property that you can touch is __________ - Corporeal 
Real Property you can NOT touch is __________ - Incorporeal 
Chattel is __________ - Personal Property 
Adjoining landowners that have the right to use the water is called __________ - Littoral Rights 
Enabling Legislation is __________ - Police Power 
Taking private property for public us is __________ - Eminent Domain 
Reversion of property to state if pro...
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Arizona Real Estate Salesperson Exam | 485 Questions with 100% Correct Answers | Verified | Latest Update 2024 | 42 Pages
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Does the anti-deficiency statute apply to investment property? - True. 
Does the anti-deficiency statute apply to second mortgages and deeds of trust? - False. 
What are the two requirements of the property if the anti-deficiency statute is to apply? - 2.5 acres 
or less. Utilized as a family home for a 1 or 2 family dwelling. 
In a deed of trust, who is the "trustor?" - The person buying the house (the purchaser). 
Who has priority in liens even over a purchase money mortgage lien filed prior...
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