Article xxvi - Study guides, Class notes & Summaries

ASREB State Test B-1 Questions and Answers 100% Pass A broker goes on a cruise for ten days. Who can be left in charge? Any unlicensed employee Any real estate licensee employed by the broker Only a real estate salesperson Any corporate officers Any real estate licensee employed by the broker A broker prepares documents at a cost of $35. Which of the following is true? The broker cannot charge for the service The broker may charge if the parties agree The broker may charge if it ...

_________of the Arizona Constitution gives licensees the authority to prepare all types of real estate contract - Article XXVI The______ requires real estate contracts to be in writing to be enforceable - Statute of Frauds The________ are not law but have the force and effect of law on real estate licensees. - Commissioner's Rules A real estate broker is defined in law as someone who performs real estate services for another and for - Compensation Failure of a broker to notify the Commis...

_________of the Arizona Constitution gives licensees the authority to prepare all types of real estate contract - Article XXVI The______ requires real estate contracts to be in writing to be enforceable - Statute of Frauds The________ are not law but have the force and effect of law on real estate licensees. - Commissioner's Rules A real estate broker is defined in law as someone who performs real estate services for another and for - Compensation Failure of a broker to notify the Commis...

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 e...

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 e...

Real Estate Test (Arizona), Exam Questions and answers/ REAL ESTATE CODE - -The cornerstone of the National Association of Realtors ethics training. Redemption period after non judicial foreclosure - -NO redemption Reinstate after default and trustee's sale has been recorded - -90 days Redemption after a sheriffs sale - -is 6 months ARTICLE XXVI (26) - of the Arizona Constitution - -Gives licensees the authority to prepare all types of real estate contracts, but only... - When prepar...

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...

Arizona Section Hogan Real Estate Licensing Course Q and A Not law, but have the force and effect of law on real estate licensees ANSWER Commissioner's Rules Requires real estate contracts to be in writing to be enforceable ANSWER Statute of Frauds An unlicensed person who takes compensation for real estate services is committing this type of offense ANSWER A Class 6 Felony The head honcho at the ADRE ANSWER Real Estate Commissioner Brokers must keep records for this amount of ti...

REAL ESTATE CODE The cornerstone of the National Association of Realtors ethics training. Redemption period after non judicial foreclosure NO redemption Reinstate after default and trustee's sale has been recorded 90 days Redemption after a sheriffs sale is 6 months ARTICLE XXVI (26) - of the Arizona Constitution Gives licensees the authority to prepare all types of real estate contracts, but only... - When preparation is incidental to their function as agent and - Agent does no...

B-1 ASREB Exam prep (gray packet) Solved Correctly!! A subdivider employés hostesses to show houses. The hostesses explain the features of the homes and gave the prices and terms. In this scenario: a. Only the sales broker needs to be licensed b. Hostesses are employees only and need not be licensed c. The hostesses must be licensed d. As long as they do not accept deposits and do not write up sales, the hostesses need not be licensed c. The hostesses must be licensed A timeshare wou...