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AZ Real Estate Exam Final Exam Correctly Solved 100% Correct!! $12.99   Add to cart

Exam (elaborations)

AZ Real Estate Exam Final Exam Correctly Solved 100% Correct!!

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AZ Real Estate Exam Final Exam Correctly Solved 100% Correct!!

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  • September 11, 2024
  • 63
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
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188 Multiple choice questions

Term 1 of 188
Blind ads do NOT:

Include images of the advertised product

Indicate that the advertiser is an agent

Mention the price of the advertised item

Reveal the advertiser's contact information

Term 2 of 188
An incorporated developer wants to raise capital for improvements without creating any liens or
incurring new debt. The developer could:

Offeree

Sell bonds

Buy stock

Sell stock

Term 3 of 188
Boot is more closely associated with a:

Trade

Generic


Brand

Trust

,Term 4 of 188
All of the following are exempt from registration under the Interstate Land Sales Full Disclosure
Act, EXCEPT:

The lots are located in a flood zone


Buyers are provided with a detailed property report

The developer has a good reputation in the industry


The lots are subject to a mortgage lien

Term 5 of 188
A mechanic's lien filed by a contractor is a valid lien for:

6 months

60 days

10 days


3 years

Term 6 of 188
On February 1, a mortgagor makes a $638 payment on her mortgage, which is at the rate of 10%.
The mortgagee allocates $500 to the payment of interest. What is the principal balance due on
the mortgage on February 2?

$59,862

$63,662

$60,000

$38,400

,Term 7 of 188
It is discovered after a sale that the parcel is 20 percent smaller than the owner represented it to
be. The broker, who passed on the information to the buyer is:

Entitled to a bonus for the sale

Not responsible for any misrepresentation


Required to disclose all property defects

Liable if he knew or should have known of the difference

Term 8 of 188
Which of the following is personal property? A) Mortgage Note B) Fixture C) Cesspool System
D)Perennial Shrubs

Easement appurtenant

Association monthly fee

Unusual expenses

Perennial shrubs

Term 9 of 188
"Puffing" relates to exaggerations not made as representations of fact. That is:

Computed as Part of the Cost Approach

Ignored by the Arizona Department of Real Estate.

Discouraged by the Arizona Department of Real Estate.

Required by the Arizona Department of Real Estate.

, Term 10 of 188
A person who receives a fee interest following the termination of a prior estate is called:

A holder of a life estate

A remainderman

A life tenant


A reversioner

Term 11 of 188
An owner's title insurance policy protects the buyer against financial loss due to title defects:

That are related to property taxes

That involve home inspection issues


That existed at the time the insured received the title

That may arise in the future

Term 12 of 188
The Federal Housing Administration is administered by:

The Federal Reserve System


The Department of Housing and Urban Development

The Environmental Protection Agency

The Department of Education

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