ASREB
ASREB
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ASREB National Test A-4 Questions and Answers 100% Verified
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ASREB National Test A-4 Questions and Answers 100% 
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Recording easements do which of the following? 
Place an encroachment on the property 
Place an encumbrance on the property 
Place a lien on the property 
Places a deed restriction on the property Answer-Place an encumbrance on the property
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ASREB National Test A-2 Questions and Answers 100% Verified
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ASREB National Test A-2 Questions and Answers 100% 
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The highest form of an estate would be: 
Fee simple 
Defeasible fee 
Fee conditional 
Estate in remainder Answer-Fee Simple 
A tenant is living without permission on the property after the lease expires. What type of 
estate would the tenant most likely hold? 
Estate for years 
Estate at sufferance 
Estate for period 
Estate at will Answer-Estate for years
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ASREB Test Question Review 2024 Questions and Answers 100% Pass
- Exam (elaborations) • 20 pages • 2024
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ASREB Test Question Review 2024 
Questions and Answers 100% Pass 
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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B-1 ASREB; Questions and Answers 100% Verified
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B-1 ASREB; Questions and Answers 100% Verified 
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 Answer-c. The hostesses must be licensed
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ASREB Practice Exam, Sessions 1-18, Study Guide; Questions and Answers 100% Verified
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ASREB Practice Exam, Sessions 1-18, Study Guide; 
Questions and Answers 100% Verified 
ASREB AnswerA 3.45-acre lot sells for 50 cents per square foot. What is the selling price? 
A) $37,570 
B) $75,141 
C) $76,230 
D) $78,712 Answer-B 
3.45 acres x 43,560 = 150,282 SF 
150,282 SF x $0.50 = $75,141
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ASREB Test Question Review 2024 Questions and Answers Graded A+
- Exam (elaborations) • 20 pages • 2024
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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
- Exam (elaborations) • 52 pages • 2024
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ASREB Practice Exam, Sessions 1–18, Study Guide Questions and Answers 2024
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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
- Exam (elaborations) • 21 pages • 2024
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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 National Test A-1 Questions and Answers Latest (2024 / 2025) (Verified Answers)
- Exam (elaborations) • 17 pages • 2024
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ASREB National Test A-1 Questions and Answers Latest (2024 / 2025) (Verified Answers)
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