Az real estate Study guides, Class notes & Summaries

When is the acceleration clause used in an agreement for sale - Answer The seller may enforse the clause by foreclosing like a mortgage When a property tax lien is sold at auction, what is the Statutory period of redemption before a foreclosure can occur? - Answer 3 yrs What will not terminate a homestead exemption? - Answer Buying another property Which of the following actions would not transfer title to real property ? - Answer New city zoning ordinance

Who regulates ground water in AZ? - ANSWER ADWR (Arizona Department of Water Resource) Who is responsible for pest management in AZ? - ANSWER Arizona Department of Agriculture What does the ADRE Enforce? - ANSWER Real Estate Statutes and Commissioner's Rules How long is a septic tank inspection good for? - ANSWER 6 Months Which law requires a non-us resident to pay tax gains from US property sale? - ANSWER U.S. Foreign Investment in Real Property Tax Act and is referred to as F.I.R....

Az Real Estate Exam Questions With Verified And Updated Solutions. Which Az tax rate is applied to owner occupied residential property - answer10% A husband and wife home community property and the husband dies, he receives the husbands half? - answerHeirs Of the utilities required for joint tenancy which is necessary for a tenancy in common? - answerPossession What is the smallest unit of measurement? - answerLot and block A bonus or maybe pay to a residential leasing agent know more th...

AZ Real Estate PASSED Exam Questions and CORRECT Answers Which Az tax rate is applied to owner occupied residential property - Correct ANSWER- 10% A husband and wife home community property and the husband dies, he receives the husbands half? - Correct ANSWER- Heirs Of the utilities required for joint tenancy which is necessary for a tenancy in common? - Correct ANSWER- Possession What is the smallest unit of measurement? - Correct ANSWER- Lot and block

AZ Real Estate UPDATED Exam Questions and CORRECT Answers Accession - Correct ANSWER- Acquiring property when trade fixtures are not removed on or before the last day the property is rented. They become real property of the landlord. Fixture - Correct ANSWER- An article/item that was once personal property but had been attached to land or a structure so it is now real property. Tests of a fixture - Correct ANSWER- 1. Agreement 2. Intention (most important) 3. Attachment 4. Adaptatio...

Lender's Policy - Answer A title insurance policy issued for the benefit of a lender as well as any future holder of the loan Generally, a lender's policy, unlike an O's policy, cover's mechanic's liens and encroachments Owner's policy - Answer A type of title insurance issued in the name of the property O. Coverage runs from the time of the purchase for as long a s the policyholder owns the property

AZ Real Estate Latest Exam [100% PASS] /verified/ Accession *Ans* Acquiring property when trade fixtures are not removed on or before the last day the property is rented. They become real property of the landlord. Fixture *Ans* An article/item that was once personal property but had been attached to land or a structure so it is now real property. Tests of a fixture *Ans* 1. Agreement 2. Intention (most important) 3. Attachment 4. Adaptation 5. Relationship 6. Cost (not a factor) ...

What is not a specific lien? judgment Lien What is not a specific lien? judgment Lien What is not an encumbrance on real property? homestead right What is not an encumbrance on real property? homestead right the physical characteristics of land include: indestructibility the physical characteristics of land include: indestructibility what restrictive covenants is most likely to be enforceable? prohibits use for anything other than single-family dwelling. what restrictive cov...

When would a broker not be in violation if one of his agents violated the commissioner's rules? Notify the commissioner immediately How often is the assessed valuation of real estate adjusted by the county assessor? Annually A married couple in Arizona wants to purchase a home with only the wife being the sole owner. What must the husband sign for this to be accomplished? Disclaimer deed IF the deed to the conveyance of a property is not recorded, then the deed is? Valid The broker ...