Arizona real estate exam - Study guides, Class notes & Summaries

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Arizona Real Estate Exam Questions With Verified And Updated Solutions. Gareth inherits a plot of land from Jessie. A year later, he sells half of the property to kim. A year later, she gives her half to Alex, who sells the mineral rights. This series of events best represents the legal property of: A. Control B. Disposition C. Possession D. Quiet enjoyment - answerDisposition Which is not an example of an improvement? A. the barn on the back of the property B. the fence running along...

Arizona Real Estate Salesperson Exam Questions and answers/ 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? - Liens for unpaid property taxes and agricultural liens on crops. Does an IRS lien filed in ...

Arizona Real Estate Salesperson Exam Questions and answers/ VERIFIED. 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? - -Liens for unpaid property taxes and agricultural liens on crops. Does an IRS l...

REAL ESTATE ( AZ SPECIFIC ) EXAM QUESTIONS AND ANSWERS 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, Speci...