Az real estate Study guides, Class notes & Summaries

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? - ANSWER Tenancy in Common A type of ownership that is considered a long-term lease is best described as: - ANSWER Cooperative Building codes are primarily enforced by: - ANSWER the issuance of permits An interest in and possession of any real property is called - ANSWER An estate Roberta wishes to build her garage 2 feet from her side lot line. ...

If a commission amount or percentage is NOT stated in the listing agreement: - ANSWER The broker would not be entitled to a commission Most homes in AZ are cold with legal descriptions that state: - ANSWER Lot and block In which of the following appraisal methods DOES an appraiser need to determine a dollar amount for depreciation? - ANSWER Cost Approach Rights of occupancy of an owner in a cooperative are based on: - ANSWER A proprietary lease If an apartment building's zoning ...

Broker Test - AZ REAL ESTATE/ Exam Review Questions and answers/ What is the document prepared by an attorney that states the attorney's opinion of the status of the title? A. Abstract of Title B. Certification of title C. Opinion of Title D. Title Report - -Certificate of Title A preliminary title report would tell you all of the following except: Tax liens Easements Judgments requiring resolution Zoning - -zoning The word "tenancy" describes: - -a mode of holding Sue decides t...

2024 AZ Real Estate exam with verified questions & Answers 2023//AZ Real Estate 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? - CORRECT ANSW-Tenancy in Common A type of ownership that is considered a long-term lease is best described as: - CORRECT ANSW-Cooperative Building codes are primarily enforced by: - CORRECT ANSW-the issuance of permits In the allodial system of land owners...

~ The maximum amount of money that may be paid for any one licensee from the Recovery Fund is: - $20,000 - $30,000 - $40,000 - $90,000- $90,000 ~ By June 30, the Real Estate Recovery Fund MUST maintain a balance of: - $200,000 - $250,000 - $300,000 - $600,000- $600,000 ~ The real estate Commissioner is appointed by the: - Governor. - Advisory Board. - Legislature. - Brokers within the state.- Governor ~ The primary purpose of real estate licensing is to: - Have trained prof...

If a commission amount or percentage is NOT stated in the listing agreement: - Answer The broker would not be entitled to a commission Most homes in AZ are cold with legal descriptions that state: - Answer Lot and block In which of the following appraisal methods DOES an appraiser need to determine a dollar amount for depreciation? - Answer Cost Approach Rights of occupancy of an owner in a cooperative are based on: - Answer A proprietary lease If an apartment building's zoning clas...

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? - ANSWER Tenancy in Common A type of ownership that is considered a long-term lease is best described as: - ANSWER Cooperative Building codes are primarily enforced by: - ANSWER the issuance of permits An interest in and possession of any real property is called - ANSWER An estate Roberta wishes to build her garage 2 feet from her side lot line. ...

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 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 C purchase of a property. A borrower is required to put 10% down The 10% down for the considered would be A equity. B. boot. C. tax shelter. D. l...

Would the sale of personal property include a...? Bill of Sales What gov't right requires compensation to private property owners? Escheat The state obtains Escheat Property after a person dies Transfer of real property requires a: Deed What is the economic characteristic of real property? Frozen Asset What is considered personal property? Promissoty Note Fixtures are considered...? Real property Three things true about discount points? - They increase the lender's yeild - They are usu...

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