Az Real Estate Exam Questions With Verified And Updated Solutions.

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 then - answerMonthly A property manager must keep copies of all the financial record parties to the client for a minimum of? - answer3 yrs On termination of a property management agreement the property manager shall provide the owner with __________ days of final bank reconciliation - answer75 days On termination of a property management agreement the property manager shall provide the owner with all tenants security applications within ________ days - answer5 days A licensee has how many days to respond to the department notice of an investigation? - answer14 days When a real estate broker offers a one stop shop offering , landing, Title, and inspection services, this would be called? - answerAffiliated business arrangement When a person donates private land for public use, this is called - answerDedication What agency is in charge of environmental protection at the state level? - answerADEQ What AZ agency regulates ground and surface water? - answerADWR Once a trustee sale has been completed the barrel have - answerNo further right to reinstate In using comparables in the market approach to real property value, the appraiser is interested in listing prices because they tend to establish the - answerCeiling of market value Where will property owners find the charges for ground water placement district? - answerProperty taxes How long would a broker be required to keep a copy of a commercial lease - answer5 yrs Which of the following would most closely describes the CFD ? Community facility district - answerA long-term bond to fund property improvement Asbestos may be found in all of the following materials except - answerNot in plywood When is the acceleration clause used in an agreement for sale - answerThe seller may enforse the clause by foreclosing like a mortgage When a property tax lien is sold at auction, what is the Statutory period of redemption before a foreclosure can occur? - answer3 yrs What will not terminate a homestead exemption? - answerBuying another property Which of the following actions would not transfer title to real property ? - answerNew city zoning ordinance When is an estoppel certificate used ? - answerWhen a lender sells loans What is the first objective of an appraiser ? - answerDefine the problem & his approach to it When is a plat map used? - answerIn subdivisions Which items below would be considered a material fact that must be disclosed - answerThe house is on a septic tank What is not true regarding a property tax auction? - answerThe successful bidder must foreclose after three years When a new loan is paid PITI, which of the following would not appear on an escrow closing statement ? - answerPrincipal payment What is the adjusted gross income and how do you arrive at it? - answerTotal rent less vacancies and credit losses What can not be used in a developers public report advertisement? - answerListing of public report as endorsement of project Who at closing signs the settlement statement form? - answerBuyer, seller and escrow agent When cost approach is used to determine value, which of the following apply? - answerReplacement minus depreciation Once a deed of trust is sold on the secondary market, who holds the deed to the property ? - answerTrustor