Az real estate exam - Study guides, Class notes & Summaries

AZ Real Estate Exam Guide Questions and CORRECT Answers Descent, law of - Correct ANSWER- A system whereby title to property passes by operation of law to the heir of one who dies owning property without a will Adminstrator - Correct ANSWER- Court-appointed personal representatives of an estate for someone who dies intestate May be called adminstratrix if female Beneficiary deed - Correct ANSWER- In AZ, a deed that is used to transfer title of real property to a beneficiary upon the ...

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 correct answers 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 correct answers C purchase of a property. A borrower is required to put 10% down The 10% down for the considered would be A equit...

AZ Real Estate exam questions and answers 100% pass 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? Tenancy in Common A type of ownership that is considered a long-term lease is best described as: Cooperative Building codes are primarily enforced by: the issuance of permits An interest in and possession of any real property is called An estate Roberta wishes to build her garage 2 feet from her side l...

AZ real estate State practice exam Questions and Answers 2024

~ 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...

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

AZ Real Estate exam questions and Answers 2024

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...

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. ...

Who regulates ground water in AZ? - ANSWER ADWR (Arizona Department of Water Resource) Who is responsible for pest management in AZ? - ANSWER Arizona Department of Agriculture What does the ADRE Enforce? - ANSWER Real Estate Statutes and Commissioner's Rules How long is a septic tank inspection good for? - ANSWER 6 Months Which law requires a non-us resident to pay tax gains from US property sale? - ANSWER U.S. Foreign Investment in Real Property Tax Act and is referred to as F.I.R....