Az real estate Study guides, Class notes & Summaries

A 3.45-acre What is the selling price? lot sells for so cents per square foot. A. 537,570 B. $75,141 C. 576,230 D. $78,712 correct answers B A blind ad refers to an ad that: A. provides no price. B. provides no address. C. gives no with a broker. indication that the property is listed D. gives no been sold or not indication that the property has correct answers C purchase of a property. A borrower is required to put 10% down The 10% down for the considered would be A equit...

REAL ESTATE AZ REVIEW TEST 2024.Arizona property taxes are based on: - ANSWER Assessed value The tax rate applied to owner occupied residential property is: - ANSWER 10 % What lien has priority first: - ANSWER Property taxes Property taxes become a lien the first day of: - ANSWER January If a property is not bid at a tax foreclosure sale: - ANSWER Anyone can later buy the tax lien from the Treasurer Rank the following in order: IRS lien, Property Taxes, Special Assessments - ANSW...

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 setback...

AZ real estate State practice exam Questions and Answers 2024

AZ Real Estate, Questions and answers/ VERIFIED/ What is not a specific lien? - judgment Lien What is not an encumbrance on real property? - homestead right 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 would a landlocked property owner most likely ask the court for? - easement by necessity restrictive covenants are enforced by - legal ac...

AZ Real Estate Final Exam Questions and Answers 2024

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....

REAL ESTATE (AZ SPECIFIC) Questions with 100% Correct Answers | Latest Version (2024/2025) Expert Verified | Ace the Test

AZ real estate test questions and answers solved 100% correct!

Accession 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 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 1. Agreement 2. Intention (most important) 3. Attachment 4. Adaptation 5. Relationship 6. Cost (not a factor) Annexation Converting personal property to real property Chattel A...