Real estate az specific - Study guides, Class notes & Summaries

ASREB Exam Practice Questions and Answers types of loans - Correct Answer ️️ -FHA loan, Conventional loan, VA loan FHA loan - Correct Answer ️️ -MIP (Mortgage Insurance Premium) Two types (Upfront and Monthly) Conventional loan - Correct Answer ️️ -PMI (Private Mortgage Insurance) Drops off automatically at 78% loan to value (LTV) Ask for removal at 80% loan to value VA Loan - Correct Answer ️️ -Funding Fee based on value USDA loan - Correct Answer ️️ -loan is zero do...

Arizona property taxes are based on: Assessed value The tax rate applied to owner occupied residential property is: 10 % What lien has priority first: Property taxes Property taxes become a lien the first day of: January If a property is not bid at a tax foreclosure sale: Anyone can later buy the tax lien from the Treasurer Rank the following in order: IRS lien, Property Taxes, Special Assessments Property Taxes, Special Assessments, IRS Liens

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...

What is not a specific lien? judgment Lien What is not a specific lien? judgment Lien What is not an encumbrance on real property? homestead right What is not an encumbrance on real property? homestead right the physical characteristics of land include: indestructibility 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 restrictive cov...

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, Property Taxes, Special Assessments - ANSWER Property Taxes, Special Asses...

REAL ESTATE ( AZ SPECIFIC ) EXAM...

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...