Arizona az real estate - Study guides, Class notes & Summaries

AZ - Arizona Real Estate License Law Exam Guide 2024.Real estate salesperson - ANSWER Someone with a salesperson license who performs real estate activities on an employing broker's behalf for compensation Real estate broker - ANSWER Someone who, for another and for compensation lists, sells, purchases, negotiates rents or leases real estate Associate broker - ANSWER A licensed broker who works under another broker's supervision, and generally has the same privileges as a salesperson ...

Individuals must be licensed to discuss: - ANSWER Price, Terms, Availability In Arizona, a real estate license will expire: - ANSWER Last day of the month in which the license was activated every two years In Arizona, In order to be a real estate broker, you must: - ANSWER Be active in real estate for 3 of the past 5 years The purpose of licensing laws - ANSWER To prevent fraud and dishonest acts In AZ the only requirement to take real estate classes is - ANSWER You must be 18 years ...

ASREB Exam Prep (Arizona School of Real Estate & Business A1-A9 Study) Questions & Answers Solved 100% Correct!! What is included in a "Bundle of Rights"? (allodial system of ownership) 1. Possession 2. Use 3. Encumbrance (loan against) 4. Expulsion (exclude others) 5. Transfer Corporeal Land and Tenements (buildings) Incorporeal Rights and Relationships Hereditaments Any property that can be inherited Fixtures Item of personal property that because of it's attachment becomes...

REAL ESTATE ( AZ SPECIFIC ) LATEST QUESTIONS WITH 100% CORRECT ANSWERS!!

AZ - Sources Of Arizona Real Estate Law Exam Guide 2024.Constitutional law - ANSWER Law defining the role of the Supreme Court and its authority regarding the president, Congress, and the states Statutory laws - ANSWER Laws created by statute, as opposed to case law Administrative law - ANSWER Law related to the legal process; enacted by administrative agencies, which are governmental bodies of the city, county, state, or federal government Case law - ANSWER Law established by court dec...

Arizona property taxes are based on: - ANSWER Assessed value The tax rate applied to owner occupied residential property is: - ANSWER 10 % What lien has priority first: - ANSWER Property taxes Property taxes become a lien the first day of: - ANSWER January If a property is not bid at a tax foreclosure sale: - ANSWER Anyone can later buy the tax lien from the Treasurer Rank the following in order: IRS lien, Property Taxes, Special Assessments - ANSWER Property Taxes, Special Asses...

If a commission amount or percentage is NOT stated in the listing agreement: - ANSWER The broker would not be entitled to a commission Most homes in AZ are cold with legal descriptions that state: - ANSWER Lot and block In which of the following appraisal methods DOES an appraiser need to determine a dollar amount for depreciation? - ANSWER Cost Approach Rights of occupancy of an owner in a cooperative are based on: - ANSWER A proprietary lease If an apartment building's zoning ...

ASREB School and State Test Review Q & A Rated Perfectly!! How are AZ property taxes charged? Ad Valorem What does Ad Valorem mean? Assessed Value How are Arizona Property Taxes paid? Levied once, Paid Twice When are AZ property Taxes Due? and Delinquent? Oct-Nov and March-May (O No More Money) Who do you pay the property taxes to? County Treasurer What is the penalty for AZ Property Tax Delinquency? 16% Property Tax Assessment Ratio Residential? 10% Property Tax Assessment Rati...

Real Estate Exam AZ Question and Answer 100% Correct Recission - Legal remedy of canceling, terminating or annulling a contract and restoring the parties to their original positions. Encumbrance - A claim against title or a limitation on use. Puffing - Exaggerated statement or opinion by the broker. ADWR - Arizona Department of Water Resources. Agency that oversees Active Management Areas and issues the Certificated of Assured Water Supply. Capitalization - Appraisal method of income pr...

If a commission amount or percentage is NOT stated in the listing agreement: - Answer The broker would not be entitled to a commission Most homes in AZ are cold with legal descriptions that state: - Answer Lot and block In which of the following appraisal methods DOES an appraiser need to determine a dollar amount for depreciation? - Answer Cost Approach Rights of occupancy of an owner in a cooperative are based on: - Answer A proprietary lease If an apartment building's zoning clas...