Arizona real e - Study guides, Class notes & Summaries

ARIZONA REAL ESTATE EXAM NEWEST ACTUAL EXAM COMPLETE 300 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+

ARIZONA REAL ESTATE TEST QUESTIONS AND ANSWERS GRADED A+ LATEST UPDATE 2024

biweekly mortgage - Answer A mortgage in which you make payments every two weeks instead of once a month. The basic result is that instead of making twelve monthly payments during the year, you make thirteen. The extra payment reduces the principal, substantially reducing the time it takes to pay off a thirty year mortgage. Note: there are independent companies that encourage you to set up bi-weekly payment schedules with them on your thirty year mortgage. They charge a set-up fee and a tra...

ARIZONA REAL ESTATE EXAM QUESTIONS AND CORRECT ANSWERS | ALREADY GRADED A+ | VERIFIED ANSWERS | LATEST VERSION 2024

Q1) Which of the following ways of specializing is common in the real estate brokerage business? A. By type of mortgage financing required B. By years of experience in the business C. By type of property D. By background of client C. By type of property Q2) Which of the following is included in the legal concept of land? A. A corn crop B. A lake C. A felled tree D. An abandoned vehicle B. A lake Q3) A property abuts a non-navigable stream. What does the owner own? A. Land to the l...

ARIZONA REAL ESTATE EXAM NEWEST ACTUAL EXAM COMPLETE 300 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+

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 create an involuntary life estate? Dower interest becoming cohate A valid warranty deed must contain all of the following elements, except: Signed by grantee The clause in a deed which sets forth or limits the extent of the interests in the title being convey...

Article 26 of the State of Arizona constitution gave what powers to real estate agents: a. The ability to negotiate leases b. Authority to prepare real estate documents and draft contracts c. The rights to charge commissions for selling real estate in Arizona d. The powers to be able to revise settlement statements Answer---- Authority to prepare real estate documents and draft contracts An encumbrance could be: a. Any of these b. Liability c. C&R's d. Lien Answer---- Any of these ...

Arizona broker price opinions (BPOs) are perfectly legal if all of the following apply EXCEPT Answer---- the opinion must be provided by an Arizona real estate broker. What is the maximum dollar amount a subdivider/developer can accept for a lot reservation? Answer---- $5,000 If the holder of a judgment against a real estate licensee is going to file a claim against the Real Estate Recovery Fund, the judgment holder must file the claim within _____ of obtaining the judgment. Answer-...

Article 26 of the State of Arizona constitution gave what powers to real estate agents: a. The ability to negotiate leases b. Authority to prepare real estate documents and draft contracts c. The rights to charge commissions for selling real estate in Arizona d. The powers to be able to revise settlement statements - Authority to prepare real estate documents and draft contracts An encumbrance could be: a. Any of these b. Liability c. C&R's d. Lien - Any of these Before bringi...