ASREB SCHOOL EXAM QUESTIONS AND ACCURATE
ANSWERS
Correct 83
Incorrect 00
1 of 83
Term
Payments on a "Deed of Trust" are due to the:
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Consumer Insured
Beneficiary Advising Bank
Don't know?
2 of 83
Term
,The commissioner will deny a public report on a subdivision because
of the subdivider's inability to:
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Provide buyers with water rights Provide floor plans
Deliver clear title Impound accounts
Don't know?
3 of 83
Term
A septic tank inspection report is valid for...
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90 days 1 year
6 months 2 years
Don't know?
4 of 83
,Term
Which of the following requires an AZ real estate license?
Give this one a try later!
Truth in lending Selling timeshares
New home purchase with
Exchanging like for like
conventional financing
Don't know?
5 of 83
Term
When a party has an interest in a property which of the following
would not be considered Fee Simple Absolute Interest:
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Owner with a fee simple subject to
Owner with a life estate
condition subsequent
Owner with a fee simple
Lessee with a long-term lease
determinable
, Don't know?
6 of 83
Term
On a settlement sheet, what is usually true?
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Seller credited for prorated rent Buyer credited for unpaid taxes
Buyer credited for prorated rent Seller credited for unpaid taxes
Don't know?
7 of 83
Term
A property manager is considered what type of agent?
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Limited agent Dual agent
ANSWERS
Correct 83
Incorrect 00
1 of 83
Term
Payments on a "Deed of Trust" are due to the:
Give this one a try later!
Consumer Insured
Beneficiary Advising Bank
Don't know?
2 of 83
Term
,The commissioner will deny a public report on a subdivision because
of the subdivider's inability to:
Give this one a try later!
Provide buyers with water rights Provide floor plans
Deliver clear title Impound accounts
Don't know?
3 of 83
Term
A septic tank inspection report is valid for...
Give this one a try later!
90 days 1 year
6 months 2 years
Don't know?
4 of 83
,Term
Which of the following requires an AZ real estate license?
Give this one a try later!
Truth in lending Selling timeshares
New home purchase with
Exchanging like for like
conventional financing
Don't know?
5 of 83
Term
When a party has an interest in a property which of the following
would not be considered Fee Simple Absolute Interest:
Give this one a try later!
Owner with a fee simple subject to
Owner with a life estate
condition subsequent
Owner with a fee simple
Lessee with a long-term lease
determinable
, Don't know?
6 of 83
Term
On a settlement sheet, what is usually true?
Give this one a try later!
Seller credited for prorated rent Buyer credited for unpaid taxes
Buyer credited for prorated rent Seller credited for unpaid taxes
Don't know?
7 of 83
Term
A property manager is considered what type of agent?
Give this one a try later!
Limited agent Dual agent
