Asreb - Study guides, Class notes & Summaries
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ASREB Practice exam; Questions and Answers 100% Verified
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ASREB Practice exam; Questions and Answers 100% 
Verified 
Formula for finding property value when you have the net operating income and cap rate 
 Answer-Current market value(CMV)= NOI/ cap rate 
Example: CMV=$5.480/ .08(8%) =$68,500 
When would IRS form 1099S be used? Answer-Report sales price 
What's a 1099s forms Answer-Known as an "information return. The form the federal 
government requires to be filed when selling real estate. If you sold any real property during the 
course of the ...
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ASREB National Test A-5 Questions and Answers 100% Verified
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ASREB National Test A-5 Questions and Answers 100% 
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A property is sold but the legal title remains in the seller's name. What type of instrument was 
used to complete the sale? 
Mortgage 
Deed of Trust 
Agreement for sale 
Option Answer-Agreement for sale 
Seller does not give title to the buyer, but the buyer has use of the land. Title will be delivered 
when the debt is paid in full. This is called: 
Mortgage 
Deed of trust 
Land contract 
Exclusive contract Answer-Land contract
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ASREB Test Question Review 2024 Questions and Answers Graded A+
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ASREB Test Question Review 2024 
Questions and Answers Graded A+ 
Within the Arizona Groundwater Code all of the following rights were created EXCEPT? 
- Correct Answer ️️ -Subdivision grandfather right 
What is required to give someone the right to sign your name? - Correct Answer ️️ - 
Power of Attorney 
The buyer has an investment that has a feature of "a pass through certificate" this 
investment is most likely a: - Correct Answer ️️ -Ginnie Mae Security 
When an occupant holds...
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ASREB Practice Exam, Sessions 1–18, Study Guide Questions and Answers 2024
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ASREB Practice Exam, Sessions 1–18, Study Guide Questions and Answers 2024
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ASREB National Test A-1 Questions and Answers Latest (2024 / 2025) (Verified Answers)
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ASREB National Test A-1 Questions and Answers Latest (2024 / 2025) (Verified Answers)
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ASREB Exam Questions with 100% Correct Solutions
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ASREB Exam Questions with 100% Correct 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? - Correct Answer ️️ -Estoppel 
Amount stated in a purchase contract in case the buyer breaches is called: - Correct 
Answer ️️ -Liquidated 
In a sublease with a positive leasehold who benefits from excess rent? - Correct Answer ️️ 
-...
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ASREB Exam Practice Questions and Answers
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ASREB Exam Practice Questions and Answers 
types of loans - Correct Answer ️️ -FHA loan, Conventional loan, VA loan 
FHA loan - Correct Answer ️️ -MIP (Mortgage Insurance Premium) 
Two types (Upfront and Monthly) 
Conventional loan - Correct Answer ️️ -PMI (Private Mortgage Insurance) 
Drops off automatically at 78% loan to value (LTV) 
Ask for removal at 80% loan to value 
VA Loan - Correct Answer ️️ -Funding Fee based on value 
USDA loan - Correct Answer ️️ -loan is zero do...
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ASREB National Test A-1 Questions and Answers Already Passed
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ASREB National Test A-1 Questions and 
 
Answers Already Passed 
 
A lessee puts in a bookcase for commercial use; at the end of the lease the bookcase is removed. 
The bookcase would be considered: 
Real Property 
Trade Fixture 
Appurtenant 
Chattel Real Trade Fixture 
 
A party owns a parcel of real estate with mineral rights, who owns the mineral rights? 
The state 
 
Federal government 
Original property owner 
The property owner The property owner 
 
A person dies with no will and no heirs....
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ASREB Practice Exam, Sessions 1-18, Study Guide Questions Correctly Answered And Graded A+
- Exam (elaborations) • 48 pages • 2023
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ASREB Practice Exam, Sessions 1-18, Study Guide Questions Correctly Answered And Graded A+
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BUNDLE::-ASREB EXAMS WITH COMPLETE SOLUTIONS
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ASREB Ch 1; Questions and Answers 100% Verified

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ASREB ch 1; Questions and Answers 100% Verified

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ASREB National Test A-1 Questions and Answers 100% Verified

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ASREB National Test A-2 Questions and Answers 100% Verified

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ASREB National Test A-3 Questions and Answ
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