Arizona property taxes Study guides, Class notes & Summaries

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...

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 - ANSWER-Property Taxes, Special Asses...

ASREB Test Question Review With Correct Answers Rated 100% Correct!! Within the Arizona Groundwater Code all of the following rights were created EXCEPT? Subdivision grandfather right What is required to give someone the right to sign your name? Power of Attorney The buyer has an investment that has a feature of "a pass through certificate" this investment is most likely a: Ginnie Mae Security When an occupant holds a long term proprietary lease this is referred to as: Co-operative ...

ASREB TEST QUESTIONS & ANSWERS SOLVED 100% CORRECT!! A borrower is required to put 10% down for the purchase of a property. The 10% down would be considered... Equity A broker, acting as a property manager, would be considered what type of agent? General A contract has been signed, but title has not yet been passed. The contract is... Executory A house cost $100,000. The buyer is making a down payment of 32,000 and getting a $68,000 loan. If there are 4 points, how much money will be pa...

ASREB Exam Questions With Complete Solutions. Salesperson is working for a principal, but the salesperson exceeds authority in agreement. Principal does nothing to correct the actions, and the public is led to believe the actions were okay. Agency? Estoppel Amount stated in a purchase contract in case the buyer breaches is called: Liquidated In a sublease with a positive leasehold who benefits from excess rent? Sub-lessor Property taxes are 1,525. 1st half paid by seller closes November...

ASREB TEST QUESTIONS & ANSWERS SOLVED 100% CORRECT!! A borrower is required to put 10% down for the purchase of a property. The 10% down would be considered... Equity A broker, acting as a property manager, would be considered what type of agent? General A contract has been signed, but title has not yet been passed. The contract is... Executory A house cost $100,000. The buyer is making a down payment of 32,000 and getting a $68,000 loan. If there are 4 points, how much money will be pa...

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...

What must subdivided lots have? Ingress & Egress What action takes place when a buyer defaults on a deed of trust? Notice of sale is sent to the owner/trustor from the Trustee What percentage would a owner-occupied residential house be assessed at? 10% In a property tax foreclosure a homeowner has: a three year right of redemption How many hours of education are required to renew a real estate sales person's license? 24 Hours How many hours of education are required for a real es...

REAL ESTATE ( AZ SPECIFIC ) LATEST QUESTIONS WITH 100% CORRECT ANSWERS!!