Article xxvi - Study guides, Class notes & Summaries

Arizona Section Hogan Real Estate Licensing Course Q and A Not law, but have the force and effect of law on real estate licensees ANSWER Commissioner's Rules Requires real estate contracts to be in writing to be enforceable ANSWER Statute of Frauds An unlicensed person who takes compensation for real estate services is committing this type of offense ANSWER A Class 6 Felony The head honcho at the ADRE ANSWER Real Estate Commissioner Brokers must keep records for this amount of ti...

_________of the Arizona Constitution gives licensees the authority to prepare all types of real estate contract - Answer Article XXVI The______ requires real estate contracts to be in writing to be enforceable - Answer Statute of Frauds The________ are not law but have the force and effect of law on real estate licensees. - Answer Commissioner's Rules A real estate broker is defined in law as someone who performs real estate services for another and for - Answer Compensation Failur...

Article XXVI of the Arizona Constitution - ANSWER RIGHT OF LICENSED REAL ESTATE BROKERS AND SALESMEN TO PREPARE INSTRUMENTS INCIDENT TO PROPERTY TRANSACTIONS The Real Estate Commissioner's Rules allow... - ANSWER The commissioner to interpret the law and develop rules that clarify the real estate codes. The Real Estate Commissioner is appointed by... - ANSWER The Governor Real Estate Commissioner receive compensation? - ANSWER Yes Real Estate Commissioner powers and duties. - ANSWER...

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 - Arizona Exam Questions With Correct Answers

Within how many days after property transfer shall a buyer submit a completed transfer form and file with ADEQ - ANSWER 15 days An example of involuntary alienation is where title to real estate passes by: - ANSWER Sheriff's deed What event will create an involuntary life estate? - ANSWER Dower interest becoming cohate A valid warranty deed must contain all of the following elements, except: - ANSWER Signed by grantee The clause in a deed which sets forth or limits the extent of the...

What must subdivided lots have? Ingress & Egress What action takes place when a buyer defaults on a deed of trust? Notice of sale is sent to the owner/trustor from the Trustee What percentage would a owner-occupied residential house be assessed at? 10% In a property tax foreclosure a homeowner has: a three year right of redemption How many hours of education are required to renew a real estate sales person's license? 24 Hours How many hours of education are required for a real estate broke...

What must subdivided lots have? - Answer Ingress & Egress What action takes place when a buyer defaults on a deed of trust? - Answer Notice of sale is sent to the owner/trustor from the Trustee What percentage would a owner-occupied residential house be assessed at? - Answer 10% In a property tax foreclosure a homeowner has: - Answer a three year right of redemption How many hours of education are required to renew a real estate sales person's license? - Answer 24 Hours How many ...

_________of the Arizona Constitution gives licensees the authority to prepare all types of real estate contract Article XXVI The______ requires real estate contracts to be in writing to be enforceable Statute of Frauds The________ are not law but have the force and effect of law on real estate licensees. Commissioner's Rules A real estate broker is defined in law as someone who performs real estate services for another and for Compensation Failure of a broker to...

Within how many days after property transfer shall a buyer submit a completed transfer form and file with ADEQ - Answer 15 days An example of involuntary alienation is where title to real estate passes by: - Answer Sheriff's deed What event will create an involuntary life estate? - Answer Dower interest becoming cohate A valid warranty deed must contain all of the following elements, except: - Answer Signed by grantee The clause in a deed which sets forth or limits the extent of the...