AZ Final Exam
gh gh
Whoghdoesghaghsalespersonghrepresent?
Selectghone:
a.Theghseller
b.Theghbuyer
c.Theghcooperatingghbroker
d.Theghemployingghbrokergh-ghcorrectghanswer✔ ✔
Theghemployingghbroker
Anghagreementghtoghwaiverghpriorghrightsghinghfavorghofghanotherghis:
Selectghone:
a.Subordination
b.Subrogation
c.Subornation
d.Subjugationgh-ghcorrectghanswer✔ ✔ Subordination
Arizonaghlawghrequiresghwhichghofghtheghfollowingghtoghappearghonghtheghfacegh
ofghtheghlistingghcontract?
Selectghone:
a.Streetghaddress
,b.Annualghtaxes
c.Mortgagesghbalance
d.Expirationghdategh-ghcorrectghanswer✔ ✔ Expirationghdate
InghorderghtoghfileghaghvalidghclaimghagainstghtheghArizonaghRealghEstateghRecov
eryghFund,ghallghofghtheghfollowingghconditionsghmustghexistghEXCEPT:
Selectghone:
a.Theghcommissionerghmustghbeghnotifiedghatghtheghtimeghcivilghactionghbegins
b.Theghclaimantghmustghobtainghaghcivilghjudgmentghthatghisghuncollectible
c.TheghclaimantghmustghbeghanghArizonaghresident
d.Theghclaimantghmustghfileghsuitghwithinghfiveghyearsgh-ghcorrectghanswer✔
✔ TheghclaimantghmustghbeghanghArizonaghresident
Ifghaghlenderghchargesgh$125ghforghanghapplicationghfeegh$45ghforghaghcreditghche
ck,gh$475ghforghanghappraisalghandghtwoghpointsghonghaghpropertyghpurchasedghf
orgh$289,000,ghwithghagh$58,000ghdownghpayment,ghwhatghareghtheghtotalghfina
ncingghcosts?
Selectghone:
a.$645
b.$5,265
c.$6,425
d.$4,790gh-ghcorrectghanswer✔ ✔ $5,265
,FamilialghstatusghasghdefinedghbyghtheghFederalghFairghHousingghActghasghamen
dedghingh1988,ghincludes:
Selectghone:
a.Anyghpersonghresidingghwithghaghparentghorghguardian
b.Familiesghwithghchildrenghunderghtheghageghofgh18
c.Familiesghwithghdependentghchildrenghregardlessghofghtheirghages
d.Familiesghthatghconsistghofghatghleastghoneghpersongh55ghyearsghofghageghorghold
ergh-ghcorrectghanswer✔ ✔
Familiesghwithghchildrenghunderghtheghageghofgh18
Atghtheghendghofghtheghtwo-
yearghlicenseghperiod,ghaghlicenseeghhasghNOTghcompletedghtheghrequiredghedu
cationghcoursesghtoghallowghrenewalghofghtheghlicense.ghTheghlicenseghis:
Selectghone:
a.Automaticallyghreinstatedghforgh30ghdays
b.Automaticallyghreinstatedghforgh6ghmonths
c.Automaticallyghreinstatedghforghoneghyear
d.Expiredgh-ghcorrectghanswer✔ ✔ Expired
Regardingghdeeds,ghwhichghofghtheghfollowingghstatementsghisghcorrect?
Selectghone:
, a.Aghdeedghdoesn'tghneedghtoghbeghinghwritingghtoghbeghrecorded
b.Theghrecordingghofghaghdeedghgivesghconstructiveghnotice
c.Acknowledgementghisghnotghaghprerequisiteghforghrecordingghaghdeed
d.Theghgranteeghunderghanghunrecordedghdeedghcannotghenforceghtheghdeedghag
ainstghtheghgrantorgh-ghcorrectghanswer✔ ✔
Theghrecordingghofghaghdeedghgivesghconstructiveghnotice
ChargedghElectricghcontractedghwithghGeneralghConstructionghCorpghtoghcom
pleteghcertainghelectricalghwiringghonghaghbuildingghbeingghdevelopedghbyghDev
eloperghCo.ghTheghprojectghstartedghonghSeptembergh15,gh1999ghandghChargedgh
ElectricghcompletedghtheirghpartghofghtheghprojectghonghNovembergh15,gh1999.gh
TheghprojectghwasghcompletedghonghDecembergh31,gh1999.ghChargedghElectric
ghwasghnotghpaidghforghitsghworkghandghhadghpreviouslyghgivenghproperghnoticegh
ofghitsghlienghrightsghandghrecordedghaghmechanicsghlienghagainstghtheghbuildingg
hdevelopedghbyghDeveloperghCo.ghonghMarchgh15,gh2000.ghTheghlienghwas:
Selectghone:
a.Aghvalidghlienghagainstghtheghbuildingghsinceghitghwasghrecordedghbeforegh120g
hdaysghafterghcompletionghofghtheghproject
b.NotghaghvalidghlienghbecauseghChargedghElectricghwasghengagedghbyghGenera
lghConstructionghCorp.
c.Notghaghvalidghlienghsinceghtheghlienghwasghrecordedghmoreghthangh60ghdaysghaf
terghChargedghElectricghcompletedghtheirghwork.
d.Notghaghvalidghlienghsinceghtheghlienghwasghrecordedghmoreghthangh60ghdaysghaf
terghcompletionghofghtheghbugh-ghcorrectghanswer✔ ✔
gh gh
Whoghdoesghaghsalespersonghrepresent?
Selectghone:
a.Theghseller
b.Theghbuyer
c.Theghcooperatingghbroker
d.Theghemployingghbrokergh-ghcorrectghanswer✔ ✔
Theghemployingghbroker
Anghagreementghtoghwaiverghpriorghrightsghinghfavorghofghanotherghis:
Selectghone:
a.Subordination
b.Subrogation
c.Subornation
d.Subjugationgh-ghcorrectghanswer✔ ✔ Subordination
Arizonaghlawghrequiresghwhichghofghtheghfollowingghtoghappearghonghtheghfacegh
ofghtheghlistingghcontract?
Selectghone:
a.Streetghaddress
,b.Annualghtaxes
c.Mortgagesghbalance
d.Expirationghdategh-ghcorrectghanswer✔ ✔ Expirationghdate
InghorderghtoghfileghaghvalidghclaimghagainstghtheghArizonaghRealghEstateghRecov
eryghFund,ghallghofghtheghfollowingghconditionsghmustghexistghEXCEPT:
Selectghone:
a.Theghcommissionerghmustghbeghnotifiedghatghtheghtimeghcivilghactionghbegins
b.Theghclaimantghmustghobtainghaghcivilghjudgmentghthatghisghuncollectible
c.TheghclaimantghmustghbeghanghArizonaghresident
d.Theghclaimantghmustghfileghsuitghwithinghfiveghyearsgh-ghcorrectghanswer✔
✔ TheghclaimantghmustghbeghanghArizonaghresident
Ifghaghlenderghchargesgh$125ghforghanghapplicationghfeegh$45ghforghaghcreditghche
ck,gh$475ghforghanghappraisalghandghtwoghpointsghonghaghpropertyghpurchasedghf
orgh$289,000,ghwithghagh$58,000ghdownghpayment,ghwhatghareghtheghtotalghfina
ncingghcosts?
Selectghone:
a.$645
b.$5,265
c.$6,425
d.$4,790gh-ghcorrectghanswer✔ ✔ $5,265
,FamilialghstatusghasghdefinedghbyghtheghFederalghFairghHousingghActghasghamen
dedghingh1988,ghincludes:
Selectghone:
a.Anyghpersonghresidingghwithghaghparentghorghguardian
b.Familiesghwithghchildrenghunderghtheghageghofgh18
c.Familiesghwithghdependentghchildrenghregardlessghofghtheirghages
d.Familiesghthatghconsistghofghatghleastghoneghpersongh55ghyearsghofghageghorghold
ergh-ghcorrectghanswer✔ ✔
Familiesghwithghchildrenghunderghtheghageghofgh18
Atghtheghendghofghtheghtwo-
yearghlicenseghperiod,ghaghlicenseeghhasghNOTghcompletedghtheghrequiredghedu
cationghcoursesghtoghallowghrenewalghofghtheghlicense.ghTheghlicenseghis:
Selectghone:
a.Automaticallyghreinstatedghforgh30ghdays
b.Automaticallyghreinstatedghforgh6ghmonths
c.Automaticallyghreinstatedghforghoneghyear
d.Expiredgh-ghcorrectghanswer✔ ✔ Expired
Regardingghdeeds,ghwhichghofghtheghfollowingghstatementsghisghcorrect?
Selectghone:
, a.Aghdeedghdoesn'tghneedghtoghbeghinghwritingghtoghbeghrecorded
b.Theghrecordingghofghaghdeedghgivesghconstructiveghnotice
c.Acknowledgementghisghnotghaghprerequisiteghforghrecordingghaghdeed
d.Theghgranteeghunderghanghunrecordedghdeedghcannotghenforceghtheghdeedghag
ainstghtheghgrantorgh-ghcorrectghanswer✔ ✔
Theghrecordingghofghaghdeedghgivesghconstructiveghnotice
ChargedghElectricghcontractedghwithghGeneralghConstructionghCorpghtoghcom
pleteghcertainghelectricalghwiringghonghaghbuildingghbeingghdevelopedghbyghDev
eloperghCo.ghTheghprojectghstartedghonghSeptembergh15,gh1999ghandghChargedgh
ElectricghcompletedghtheirghpartghofghtheghprojectghonghNovembergh15,gh1999.gh
TheghprojectghwasghcompletedghonghDecembergh31,gh1999.ghChargedghElectric
ghwasghnotghpaidghforghitsghworkghandghhadghpreviouslyghgivenghproperghnoticegh
ofghitsghlienghrightsghandghrecordedghaghmechanicsghlienghagainstghtheghbuildingg
hdevelopedghbyghDeveloperghCo.ghonghMarchgh15,gh2000.ghTheghlienghwas:
Selectghone:
a.Aghvalidghlienghagainstghtheghbuildingghsinceghitghwasghrecordedghbeforegh120g
hdaysghafterghcompletionghofghtheghproject
b.NotghaghvalidghlienghbecauseghChargedghElectricghwasghengagedghbyghGenera
lghConstructionghCorp.
c.Notghaghvalidghlienghsinceghtheghlienghwasghrecordedghmoreghthangh60ghdaysghaf
terghChargedghElectricghcompletedghtheirghwork.
d.Notghaghvalidghlienghsinceghtheghlienghwasghrecordedghmoreghthangh60ghdaysghaf
terghcompletionghofghtheghbugh-ghcorrectghanswer✔ ✔
