Asreb national - Study guides, Class notes & Summaries

ASREB Test Question Review With Correct Answers Rated 100% Correct!! Within the Arizona Groundwater Code all of the following rights were created EXCEPT? Subdivision grandfather right What is required to give someone the right to sign your name? Power of Attorney The buyer has an investment that has a feature of "a pass through certificate" this investment is most likely a: Ginnie Mae Security When an occupant holds a long term proprietary lease this is referred to as: Co-operative ...

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 - Place an encumbrance on the property To pledge real property as collateral is called: Hypothecate Devise Demise Descent - Hypothecate Which of the following is an encumbrance? Assignment License Note Mechanics lien - Mechanics lien All of the following would be a lien on real property EXCE...

When a person receives real estate through a will, this is called: Demise Bequest Devise Legacy - 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 - Remove the cloud on title Which type of deed would have three promises and two warranties: Special warranty General warranty Bargain and sale Quit claim - General warranty When a lessee is promised "quiet enjoyment", it mean...

An option to purchase is what kind of contract? Unilateral Bilateral Void Unenforceable - Unilateral X made an offer to buy B's property. B accepts the offer under the condition that X moves in four days after close of escrow. What is the status of the contract? Valid Unilateral Counter offer Binding upon X when B signed the offer - Counter offer When a party breaches a contract, they could be responsible for: Criminal damages Class 6 Felony Adverse possession Specific performan...

ASREB Test Question Review With Correct Answers Rated 100% Correct!! Within the Arizona Groundwater Code all of the following rights were created EXCEPT? Subdivision grandfather right What is required to give someone the right to sign your name? Power of Attorney The buyer has an investment that has a feature of "a pass through certificate" this investment is most likely a: Ginnie Mae Security When an occupant holds a long term proprietary lease this is referred to as: Co-operative ...

ASREB EXAM 2023 (Arizona school of Real Estate, Teachers: Randy H. workshop and other collaborators) Passed!! Wetlands = Police Power Confidentiality = Loyalty and last forever Brownfields = Land with hazardous substance Friable = Asbestos Compensatory Damages Actual damage Type 2 water rights can be.... Sold with the land Sub division 6 or more lots less than 36 acres Nominee To remain anonymous in a contract Future Lien possibly.... Mechanics Lien Written words in a contra...

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 ...