Asreb - Study guides, Class notes & Summaries

ASREB Practice Exam, Sessions 1-18, Study Guide with Complete Solutions ASREB - Correct Answer ️️ - A 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 - Correct Answer ️️ -B 3.45 acres x 43,560 = 150,282 SF 150,282 SF x $0.50 = $75,141 A blind ad refers to an ad that A) provides no price. B) provides no address. C) gives no indication that the property is listed with a broker. D) gives no indication tha...

B-1 ASREB Questions and Answers Already Passed A broker receives earnest money from a buyer but instead of placing the money into the trust account the broker pays company bills. This action is an example of: a. Conversion b. Commingling c. Subrogation d. Bona fide a. Conversion A designated broker of a real estate company may: a. Act as a designated broker for more than one real estate company in Arizona b. Take a temporary leave of absence for a period not to exceed 60 days...

ASREB National Test A-4 Questions and Answers 100% Verified 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

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

A 3.45-acre lot sells for 50 cents per square foot. What was the selling price? a. $37,570 b. $75,141 c. $76,230 d. $78,712 - Answer-b. $75,141 A blind ad refers to an ad that a. provides no price b. provides no address c. gives no indication that the property is listed with a broker d. gives no indication that the property has been sold or not - Answer-c. gives no indication that the property is listed with a broker A borrower is required to put 10% down for the purchase of a propert...

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

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 ...

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

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 ...

ASREB National Test A-5 Questions and Answers 100% Verified 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