Arizona Real Estate State Exam Latest(2024/2025) Questions and Answers 100% Correct.
11 views 0 purchase
Course
Arizona Real Estate State
Institution
Arizona Real Estate State
Mary is interested in a parcel of real estate owned by Kathy. Mary has a title report that shows the
property is encumbered by several liens. The lien with the highest priority is the lien:
a. of lowest amount
b. of highest amount
c. first recorded
d. first in date - Answer-c. first recorded
...
Arizona Real Estate State Exam
Mary is interested in a parcel of real estate owned by Kathy. Mary has a title report that shows the
property is encumbered by several liens. The lien with the highest priority is the lien:
a. of lowest amount
b. of highest amount
c. first recorded
d. first in date - Answer-c. first recorded
The physical characteristics of land include:
a. indestructibility
b. homogeneity
c. improvements
d. supply - Answer-a. indestructibility
Which of the following restrictive covenants is MOST likely to be enforceable?
a. prohibits sales to blacks
b. prohibits resales for 20 years
c. prohibits use for anything other than single-family dwellings
d. absolutely prohibits any resales - Answer-c. prohibits use for anything other than single-family
dwellings
What would a landlocked property owner MOST likely ask the court for?
a. an easement by prescription
b. an easement in gross
c. an easement by necessity
d. an adverse possession of servant tenement - Answer-c. an easement by necessity
,Restrictive covenants are enforced by:
a. the district attorney
b. the lender
c. the planning commission
d. legal action by other owners - Answer-d. legal action by other owners
Which of the following is NOT a specific lien?
a. an unrecorded mortgage
b. a mechanic's lien
c. a judgement lien
d. a blanket mortgage - Answer-c. a judgement lien
Which of the following is NOT an appurtenance?
a. easement right
b. mineral right
c. water rights
d. trade fixtures - Answer-d. trade fixtures
Mary is interested in a parcel of real estate owned by Kathy. Mary has a title report that shows the
property is encumbered by several liens. The lien with the highest priority is the lien:
a. of lowest amount
b. of highest amount
c. first recorded
d. first in date - Answer-c. first recorded
A metes and bounds description MUST:
a. cover an area larger than 10 acres
b. be in areas not included in the rectangular survey system
c. commence and finish at the same identifiable point
, d. always use north as the basis for directions - Answer-c. commence and finish at the same identifiable
point
Which of the following is NOT a characteristic of a fee simple estate?
a. indefinite durations
b. free of encumbrances
c. transferable with or without consideration
d. transferable by will or interstate succession - Answer-b. free of encumbrances
A valid deed does NOT require a:
a. signature of the grantee
b. statement of consideration
c. legal description of the property
d. grantor with legal capacity - Answer-a. signature of the grantee
"To have and to hold" MOST likely would be included in a(n):
a. habendem clause
b. alienation clause
c. mortgage
d. legal description - Answer-a. habendem clause
A seller who will only defend the title he is giving against others who claim an interest through or under
him would give a:
a. general warranty deed
b. special warranty deed
c. bargain and sale deed
d. quitclaim deed - Answer-b. special warranty deed
Title is transferred by deed at the time:
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller ACADEMICMATERIALS. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.99. You're not tied to anything after your purchase.
