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REAL ESTATE ( AZ SPECIFIC ) LATEST QUESTIONS WITH 100% CORRECT ANSWERS!!
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REAL ESTATE ( AZ SPECIFIC ) LATEST QUESTIONS WITH 100% CORRECT ANSWERS!!
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Name: Score:275 Multiple choice questions
Term 1 of 275
When grandfathered water rights are reclassified and can now be sold separate from the land,
the water rights are now known as
5 day notice
10 days
Type II
Same as the mechanics lien
Term 2 of 275
When a commission dispute arises between two licensees, their recourse would be to:
Seek relief through civil action
Do whatever the broker says
Is sent to the real estate department
Appeal to the advisory board
Term 3 of 275
What document is recorded with the deed?
Affidavit of value
run with the land
Construction cost
Tax transfer stamps
,Term 4 of 275
What is false about a purchase contract if the buyer does not receive a public report?
The seller can increase the purchase price
The buyer may void the contract but will lose their deposit
The buyer is guaranteed a full refund
The buyer can extend the contract indefinitely
Term 5 of 275
Taxes are assessed on:
Capital gains on the property
Assessment on the property
Amount paid for the property
Value of the property
Term 6 of 275
Who may accept a commission from an out of state broker:
Ground the surface
The referring salesperson
The referring brokerage
Designated or associate broker
,Term 7 of 275
What type of property would have the highest tax rate:
Shopping center
Future freeway overpass
Light rail train in tempe
Commercial lots
Term 8 of 275
Unless otherwise specified, a broker is required to deposit earnest monies in escrow or in a trust
account:
By the close of the next business day
At the end of the week
After 90 days
Within 30 days
Term 9 of 275
When a buyer signs an exclusive buyer-brokerage agreement, the buyer does not agree
A commissioner must conduct an investigation
to be shown properties listed by that brokerage house only
Annually based on the homeowner's association's budget
Assigning the listing to another salesperson
, Term 10 of 275
The commissioner will deny a public report on a subdivision because of the subdivider's inability
to:
Provide floor plans
Deliver clear title
Provide buyers with water rights
Assigning the listing to another salesperson
Term 11 of 275
What instruments contain the note and security in on document:
One
Statutory forfeiture period
Mortgage
Agreement for sale
Definition 12 of 275
Credit to buyer, debit to seller
A license is originally granted for ______ and renewed every ______.
What is the maximum security deposit allowed by the Arizona Landlord Tenant act:
At the close of escrow, prepaid rents on a settlement sheet would appear as
If a property is damaged by fire and the tenant moves out, what is true:
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