Asr - Study guides, Class notes & Summaries
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EDF 6223 Exam 1 / ASR module 1-4 | 2024 Questions & Answers | 100% Correct | Verified
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EDF 6223 Exam 1 / ASR module 1-4 | 
2024 Questions & Answers | 100% 
Correct | Verified
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ASREB State Test B-1 Questions and Answers 100% Pass
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ASREB State Test B-1 Questions and 
 
Answers 100% Pass 
 
A broker goes on a cruise for ten days. Who can be left in charge? 
Any unlicensed employee 
Any real estate licensee employed by the broker 
Only a real estate salesperson 
Any corporate officers Any real estate licensee employed by the broker 
 
A broker prepares documents at a cost of $35. Which of the following is true? 
The broker cannot charge for the service 
The broker may charge if the parties agree 
The broker may charge if it ...
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EDF 6223 Exam 1- ASR Module 1-4 | 100% Correct Answers | Verified | Latest 2024 Version
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EDF 6223 Exam 1- ASR Module 1-4 | 
100% Correct Answers | Verified | Latest 
2024 Version
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B-1 ASREB Questions and Answers Already Passed
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B-1 ASREB Questions and Answers 
 
Already Passed 
 
A broker receives earnest money from a buyer but instead of placing the money into the trust 
account the broker pays company bills. This action is an example of: 
 
a. Conversion 
b. Commingling 
c. Subrogation 
d. Bona fide a. Conversion 
 
A designated broker of a real estate company may: 
 
a. Act as a designated broker for more than one real estate company in Arizona 
b. Take a temporary leave of absence for a period not to exceed 60 days...
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ASREB Test with 100% Correct Solutions
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ASREB Test with 100% Correct Solutions 
A borrower is required to put 10% down for the purchase of a property. The 10% down 
would be considered... - Correct Answer ️️ -Equity 
A broker, acting as a property manager, would be considered what type of agent? - 
Correct Answer ️️ -General 
A contract has been signed, but title has not yet been passed. The contract is... - 
Correct Answer ️️ -Executory 
A house cost $100,000. The buyer is making a down payment of 32,000 and getting a 
$6...
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ASREB Practice Exam Questions with Verified Answers
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ASREB Practice Exam Questions with 
 
Verified Answers 
 
A 3.45-acre lot sells for 50 cents per square foot. What was the selling price? 
a. $37,570 
b. $75,141 
c. $76,230 
d. $78,712 b. $75,141 
 
A blind ad refers to an ad that 
a. provides no price 
b. provides no address 
c. gives no indication that the property is listed with a broker 
d. gives no indication that the property has been sold or not c. gives no indication that the 
property is listed with a broker 
 
A borrower is required t...
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ASREB National Test A-3 Questions and Answers Already Passed
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ASREB National Test A-3 Questions and 
 
Answers Already Passed 
 
A buyer sees a worn path across the property he is interested in buying. The buyer should be 
concerned about: 
Easement in gross 
Easement by prescription 
Condemnation 
 
Police Power Easement by prescription 
 
A chronological summary of title is called 
Deed report 
Abstract of title 
ATLA policy 
Title insurance report Abstract of title 
 
A clause in a deed which specifies the degree of property conveyed is called: 
Defeasa...
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ASREB Test Questions and Answers with complete solution
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A borrower is required to put 10% down for the purchase of a property. The 10% down would be 
considered... - Answer-Equity 
A broker, acting as a property manager, would be considered what type of agent? - Answer-General 
A contract has been signed, but title has not yet been passed. The contract is... - Answer-Executory 
A house cost $100,000. The buyer is making a down payment of 32,000 and getting a $68,000 loan. If 
there are 4 points, how much money will be paid out of the closing for poin...
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ASREB Exam Questions and Answers with complete solution
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Salesperson is working for a principal, but the salesperson exceeds authority in agreement. Principal 
does nothing to correct the actions, and the public is led to believe the actions were okay. Agency? - 
Answer-Estoppel 
Amount stated in a purchase contract in case the buyer breaches is called: - Answer-Liquidated 
In a sublease with a positive leasehold who benefits from excess rent? - Answer-Sub-lessor 
Property taxes are 1,525. 1st half paid by seller closes November 2nd - Answer-512.57 De...
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B-1 ASREB QUESTIONS AND ANSWERS
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A subdivider employés hostesses to show houses. The hostesses explain the features of the homes and 
gave the prices and terms. In this scenario: 
a. Only the sales broker needs to be licensed 
b. Hostesses are employees only and need not be licensed 
c. The hostesses must be licensed 
d. As long as they do not accept deposits and do not write up sales, the hostesses need not be licensed - 
Answer-c. The hostesses must be licensed 
A timeshare would be required to have a public report if: 
a. T...
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