Asreb Study guides, Class notes & Summaries

ASREB State Test B-1; Questions and Answers 100% Verified Before the commissioner issues a public report on subdivided land, the subdivider may not: Take lot reservations Enter into a binding contract Advertise the lots for sale Begin lot improvements Answer-Enter into a binding contract

B-1 ASREB EXAM Questions and Answers Latest (2024 / 2025) (Verified Answers)

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 ...

ASREB National Test A-3 Questions and Answers 100% Verified When a person receives real estate through a will, this is called: Demise Bequest Devise Legacy Answer-Devise A quit claim deed would do which of the following: Remove a cloud on a title Deny the spouse an interest Verify the tax liability Establish a homestead Answer-Remove the cloud on titl

ASREB National Test A-4 Questions and Answers 100% Verified Recording easements do which of the following? Place an encroachment on the property Place an encumbrance on the property Place a lien on the property Places a deed restriction on the property Answer-Place an encumbrance on the property

ASREB National Test A-2 Questions and Answers 100% Verified The highest form of an estate would be: Fee simple Defeasible fee Fee conditional Estate in remainder Answer-Fee Simple A tenant is living without permission on the property after the lease expires. What type of estate would the tenant most likely hold? Estate for years Estate at sufferance Estate for period Estate at will Answer-Estate for years

ASREB Practice Exam, Sessions 1-18, Study Guide; Questions and Answers 100% Verified ASREB AnswerA 3.45-acre lot sells for 50 cents per square foot. What is the selling price? A) $37,570 B) $75,141 C) $76,230 D) $78,712 Answer-B 3.45 acres x 43,560 = 150,282 SF 150,282 SF x $0.50 = $75,141

ASREB Test Question Review 2024 Questions and Answers 100% Pass Within the Arizona Groundwater Code all of the following rights were created EXCEPT? - Correct Answer ️️ -Subdivision grandfather right What is required to give someone the right to sign your name? - Correct Answer ️️ - Power of Attorney The buyer has an investment that has a feature of "a pass through certificate" this investment is most likely a: - Correct Answer ️️ -Ginnie Mae Security When an occupant holds...

ASREB Practice Exam, Sessions 1-18 Study Guide Latest Version Graded A+ 'THE TEST' STUDY GUIDE Which of the following is in the proper order of occurence Lis pendens, judgement, execution 'THE TEST' STUDY GUIDE A closing disclosure would be used in Residential housing 'THE TEST' STUDY GUIDE A contract based on illegal consideration is Void 'THE TEST' STUDY GUIDE A contract of adhesion would refer to Standard 'take it' or 'leave it' contract 'THE TEST' S...

B-1 ASREB; Questions and Answers 100% Verified 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