Arizona real esta Study guides, Class notes & Summaries

ARIZONA REAL ESTATE EXAM

Mary is interested in a parcel of real estate owned by Kathy. Mary has a title report that shows the property is encumbered by several liens. The lien with the highest priority is the lien: a. of lowest amount b. of highest amount c. first recorded d. first in date - Answer-c. first recorded The physical characteristics of land include: a. indestructibility b. homogeneity c. improvements d. supply - Answer-a. indestructibility Which of the following restrictive covenants is MOST likel...

Which of the following is personal property? A. appurtenances B. fixtures C. trade fixtures D. shrubbery - Answer trade fixtures Which is NOT an example of an attachment? A. a basketball hoop that is moved into the garage in the winter B. a greenhouse that is built off the garage C. the lily pond in the backyard Japanese garden D. uncut roses on a rose bush planted by the back door - Answer a basketball hoop that is moved into the garage in the winter

Who regulates ground water in AZ? ADWR (Arizona Department of Water Resource) Who is responsible for pest management in AZ? Arizona Department of Agriculture What does the ADRE Enforce? Real Estate Statutes and Commissioner's Rules How long is a septic tank inspection good for? 6 Months Which law requires a non-us resident to pay tax gains from US property sale? U.S. Foreign Investment in Real Property Tax Act and is referred to as F.I.R.P.T.A. A 3.45 - Acre lot is selling for 50...

Arizona Real Estate Exam Questions With Verified And Updated Solutions. Acceleration clause - answerA clause in your mortgage which allows the lender to demand payment of the outstanding loan balance for various reasons. The most common reasons for accelerating a loan are if the borrower defaults on the loan or transfers title to another individual without informing the lender. adjustable-rate mortgage (ARM) - answerA mortgage in which the interest changes periodically, according to corre...

ARIZONA REAL ESTATE EXAM NEWEST ACTUAL EXAM COMPLETE 300 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+

ARIZONA REAL ESTATE TEST QUESTIONS AND ANSWERS GRADED A+ LATEST UPDATE 2024

ARIZONA REAL ESTATE EXAM QUESTIONS AND CORRECT ANSWERS | ALREADY GRADED A+ | VERIFIED ANSWERS | LATEST VERSION 2024

biweekly mortgage - Answer A mortgage in which you make payments every two weeks instead of once a month. The basic result is that instead of making twelve monthly payments during the year, you make thirteen. The extra payment reduces the principal, substantially reducing the time it takes to pay off a thirty year mortgage. Note: there are independent companies that encourage you to set up bi-weekly payment schedules with them on your thirty year mortgage. They charge a set-up fee and a tra...

Arizona Real Estate Practice Questions And Complete Solutions Already Passed