Asreb state test a 1 - Study guides, Class notes & Summaries

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...

ASREB National Test A-1 Q & A 2024

ASREB Exam prep A-1 (gray packet) Solved Correctly!! The sale of personal property would include: Bill of sale What governmental right requires compensation to private property owners? Eminent domain If property is obtained by the state after a person dies, this is called: Escheat Transfer of real property requires a: Deed This is an economic characteristic of real property: Frozen asset A promissory note is considered: Personal property These are included in the bundle of rights ...

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...

ASREB SCHOOL EXAM QUESTIONS AND ANSWERS When a tenant moves out of a rental unit due to an electrical fire that was not their fault this would be called? Constructive eviction A property manager is considered what type of agent? General agent If a dwelling is damaged or destroyed by fire how many days must the tenant give the landlord to terminate the rental agreement? 14 A real estate broker is normally what type of agent? Special A broker's duty to a third party would be: Honesty ...

ASREB SCHOOL EXAM QUESTIONS AND ANSWERS When a tenant moves out of a rental unit due to an electrical fire that was not their fault this would be called? Constructive eviction A property manager is considered what type of agent? General agent If a dwelling is damaged or destroyed by fire how many days must the tenant give the landlord to terminate the rental agreement? 14 A real estate broker is normally what type of agent? Special A broker's duty to a third party would be: Honesty ...