Real estate az - Study guides, Class notes & Summaries

AZ Real Estate Exam Questions With Verified And Updated Solutions. Accession - answerAcquiring property when trade fixtures are not removed on or before the last day the property is rented. They become real property of the landlord. Fixture - answerAn article/item that was once personal property but had been attached to land or a structure so it is now real property. Tests of a fixture - answer1. Agreement 2. Intention (most important) 3. Attachment 4. Adaptation 5. Relationship 6. Co...

AZ Real Estate Exam Guide Questions and CORRECT Answers Descent, law of - Correct ANSWER- A system whereby title to property passes by operation of law to the heir of one who dies owning property without a will Adminstrator - Correct ANSWER- Court-appointed personal representatives of an estate for someone who dies intestate May be called adminstratrix if female Beneficiary deed - Correct ANSWER- In AZ, a deed that is used to transfer title of real property to a beneficiary upon the ...

Az Real Estate Exam Questions With Verified And Updated Solutions. Which Az tax rate is applied to owner occupied residential property - answer10% A husband and wife home community property and the husband dies, he receives the husbands half? - answerHeirs Of the utilities required for joint tenancy which is necessary for a tenancy in common? - answerPossession What is the smallest unit of measurement? - answerLot and block A bonus or maybe pay to a residential leasing agent know more th...

AZ Real Estate, Questions and answers/ VERIFIED/ What is not a specific lien? - judgment Lien What is not an encumbrance on real property? - homestead right the physical characteristics of land include: - indestructibility what restrictive covenants is most likely to be enforceable? - prohibits use for anything other than single-family dwelling. What would a landlocked property owner most likely ask the court for? - easement by necessity restrictive covenants are enforced by - legal ac...

Real Estate Exam AZ with Answers [100% PASS] /verified/ Recission *Ans* Legal remedy of canceling, terminating or annulling a contract and restoring the parties to their original positions. Encumbrance *Ans* A claim against title or a limitation on use. Puffing *Ans* Exaggerated statement or opinion by the broker. ADWR *Ans* Arizona Department of Water Resources. Agency that oversees Active Management Areas and issues the Certificated of Assured Water Supply. Capitalization *Ans* Appr...

AZ Real Estate PASSED Exam Questions and CORRECT Answers Which Az tax rate is applied to owner occupied residential property - Correct ANSWER- 10% A husband and wife home community property and the husband dies, he receives the husbands half? - Correct ANSWER- Heirs Of the utilities required for joint tenancy which is necessary for a tenancy in common? - Correct ANSWER- Possession What is the smallest unit of measurement? - Correct ANSWER- Lot and block

Who regulates ground water in AZ? ADWR (Arizona Department of Water Resource) Who is responsible for pest management in AZ? Arizona Department of Agriculture What does the ADRE Enforce? Real Estate Statutes and Commissioner's Rules How long is a septic tank inspection good for? 6 Months Which law requires a non-us resident to pay tax gains from US property sale? U.S. Foreign Investment in Real Property Tax Act and is referred to as F.I.R.P.T.A. A 3.45 - Acre lot is selling for 50...

AZ Real Estate UPDATED Exam Questions and CORRECT Answers Accession - Correct ANSWER- Acquiring property when trade fixtures are not removed on or before the last day the property is rented. They become real property of the landlord. Fixture - Correct ANSWER- An article/item that was once personal property but had been attached to land or a structure so it is now real property. Tests of a fixture - Correct ANSWER- 1. Agreement 2. Intention (most important) 3. Attachment 4. Adaptatio...

AZ Real Estate Latest Exam [100% PASS] /verified/ Accession *Ans* Acquiring property when trade fixtures are not removed on or before the last day the property is rented. They become real property of the landlord. Fixture *Ans* An article/item that was once personal property but had been attached to land or a structure so it is now real property. Tests of a fixture *Ans* 1. Agreement 2. Intention (most important) 3. Attachment 4. Adaptation 5. Relationship 6. Cost (not a factor) ...

REAL ESTATE ( AZ SPECIFIC ) EXAM WITH CORRECT ANSWERS 2024 | 2025 UPDATE Arizona property taxes are based on: - Answer -Assessed value The tax rate applied to owner occupied residential property is: - Answer -10 % What lien has priority first: - Answer -Property taxes Property taxes become a lien the first day of: - Answer -January If a property is not bid at a tax foreclosure sale: - Answer -Anyone can later buy the tax lien from the Treasurer Rank the following in order: IRS lien, Pro...