Arizona Real Estate Bundled Exams Questions and Answers with Verified Solutions

REAL ESTATE (AZ SPECIFIC) QUESTIONS AND ANSWERS ALREADY PASSED Arizona property taxes are based on: Assessed value The tax rate applied to owner occupied residential property is: 10 % What lien has priority first: Property taxes Property taxes become a lien the first day of: January If a propert...

Arizona Real Estate Exam Questions and Answers Already Passed Encumber, Access, Use, Transfer, Exclude are all __________ Bundle of Rights Real Property that you can touch is __________ Corporeal Real Property you can NOT touch is __________ Incorporeal Chattel is __________ Personal Property Ad...

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: Cooperati...

Arizona Real Estate Salesperson Exam Latest Update Graded A+ What are the two requirements of the property if the anti-deficiency statute is to apply? 2.5 acres or less. Utilized as a family home for a 1 or 2 family dwelling. In a deed of trust, who is the "trustor?" The person buying the house (...

Arizona Real Estate Practice Questions with Verified Solutions Within how many days after property transfer shall a buyer submit a completed transfer form and file with ADEQ 15 days An example of involuntary alienation is where title to real estate passes by: Sheriff's deed What event will creat...

Arizona Real Estate License Exam Prep Already Graded A police power zoning enforcement code enforcement city planning enforcement P.I.T.I. impound account required on all FHA and VA loans Principle Interest Tax Insurance Points lenders charge to increase their return either 1% of loan amount or 1/...

AZ Real Estate Final Exam Questions and Answers Already Passed If a commission amount or percentage is NOT stated in the listing agreement: The broker would not be entitled to a commission Most homes in AZ are cold with legal descriptions that state: Lot and block In which of the following apprais...

Arizona Real Estate Vocabulary Latest 2023 100% Pass Carryback Financing in which the seller takes back a note for part of the purchase price and is secured by a junior mortgage(second or third mortgage), wraparound mortgage, or contract for deed(between seller and buyer). Agreement for sale Terms ...

Arizona School of Real Estate & Business: Sales Exam Already Passed When a deed in lieu of foreclosure is given to a lender, which of the following is true? Time and cost are less B buys land from W using a deed of trust as security for the carryback. B makes all the payments except the final three...

Arizona Real Estate State Exam: Property Management (2022/2023) Already Passed Periodic estates Period to period; does not have a definite expiration date; renews automatically Estate at will Created when the owner permits another to occupy the property without a formal agreement Rent Consideratio...