Exam (elaborations)
Arizona Real Estate Exam 2024 Questions & Answers Already Passed!!
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Arizona Real Estate Exam 2024 Questions & Answers Already Passed!!
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Name: Score:73 Multiple choice questions
Term 1 of 73
Lessor will NOT pay maintenance, insurance, taxes this is called __________
Gross Lease
Percentage Lease
Net Lease
Ground Lease
Term 2 of 73
UFMIP (Upfront Mortgage Insurance Premium is paid at _________ (FHA LOAN)
6 or more
36 acres or less
The higher the CAP Rate =Buyer
The lower the CAP Rate= Seller
Closing
(1.75% of loan)
(1.25% for the life of the loan)
Capital Gains
Term 3 of 73
__________ Certificate verifies the terms of the lease
Estoppel Certificate
Lien Certificate
Warranty Deed
Quiet Title Certificate
,Term 4 of 73
A deed a spouse signs that they release any interest there might be in a property is called __________
Disclaimer Deed
Grant Deed
Quitclaim Deed
Warranty Deed
Term 5 of 73
_________ payments is P.I.T.I of which T.I is 1/2 months annual Real Estate Taxes ans Insurance
Budget
Amortization
Principal
Escrow
Term 6 of 73
_________ lien is against everything you have (IRS)
Specific Lien
General Lien
Mechanic's Lien
Tax Lien
, Term 7 of 73
Enabling Legislation is __________
Building Permit
Zoning Ordinance
Deed Restriction
Police Power
Term 8 of 73
Real Property you can NOT touch is __________
Physical
Solid
Incorporeal
Tangible
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