Arizona Real Estate Exam Questions With Verified And Updated Solutions.

Arizona Real Estate Exam Questions With Verified And Updated Solutions. Gareth inherits a plot of land from Jessie. A year later, he sells half of the property to kim. A year later, she gives her half to Alex, who sells the mineral rights. This series of events best represents the legal property of: A. Control B. Disposition C. Possession D. Quiet enjoyment - answerDisposition Which is not an example of an improvement? A. the barn on the back of the property B. the fence running along the edge of the property C. the line of pine trees planted along the edge of the property D. the sewer line running along the front of the property. - answerthe line of pine trees planted along the edge of the property Jill buys a house from jack. She assumed that the curtains would be included in the price, even though they were not listed in the agreement of sale. What is the best argument Jill could make to persuade a judge if this goes to court? A. Jack mentioned that they went with the house. B. My agent assured me they were included. C. The curtains were custom-made for the odd-shaped window. D. The curtains were in the ad that appeared in the paper. - answerthe curtains were custom- made for the odd-shaped window Otis rents and empty storefront to open a restaurant. He attaches a pizza oven to the floor and wall of the kitchen. the oven was installed by the ____________ and is ____________ property. A. Landlord/personal B. Landlord/real C. Tenant/personal D. Tenant/real - answerTenant/personal Real Property can be divided into corporeal and incorporeal. Which would be an incorporeal right? A. an easement B. fences and walls C. All improvements D. a house and barn - answeran easement Physical land, its attachments, and its bundle of rights is known as A. Land B. Real Estate C. Real Property D. Real and Personal Property - answerReal Property Shelving and counters are securely fastened in a leased retail store. Such items are: A. realty B. Fixtures C. Trade Fixtures D. None of these. - answerTrade Fixtures Which is NOT an appurtenance and, therefore, does not pass with a standard warranty deed? A. trade fixtures B. trees C. Shrubs D. custom Window blinds - answertrade fixtures Patents, trademarks, copyrights and royalties are an example of: A. Corporeal realty B. Tangible realty C. incorporeal realty C. intangible personalty - answerintangible personalty An article may be changed from realty to personalty by: A. Annexation B. Severance C. Verbal Declaration D. Order of the commissioner - answerSeverance Brett bought a farm, and two tractors were included in the sale. What is required at the settlement to transfer ownership of those tractors? A. bill of sale B. Deed C. purchase agreement D. sales contract` - answerbill of sale Which of these is NOT considered when determining whether an item is a fixture or personal property. A. intention of the annexer B. manner of annexation C. Value of the annexed item D. Relationship of the parties - answervalue of the annexed item Which of the following is personal property? A. appurtenances B. fixtures C. trade fixtures D. shrubbery - answertrade fixtures Which is NOT an example of an attachment? A. a basketball hoop that is moved into the garage in the winter B. a greenhouse that is built off the garage C. the lily pond in the backyard Japanese garden D. uncut roses on a rose bush planted by the back door - answera basketball hoop that is moved into the garage in the winter Which item is LEAST LIKELY to be a fixture? A. the built-in washer that's at the repair shop on the day of closing B. the curio cabinet in the living room that matches the room's decor C. the keys to the house D. the white picket fence around the house - answerthe curio cabinet in the living room that matches the room's decor When rights transfer with a deed this is referred to as: A. chattel real B. reversionary rights C. Leasehold D. bundle of rights - answerbundle of rights Which of the following would be considered personal property? A. a tree B. a bathtub C. window blinds D. Harvested crops - answerharvested crops Which is an example of personal property? A. custom-made draperies in an arched window B. minerals lying under the surface of the land C. a picket fence around the yard D. wheat just harvested in the field - answerwheat just harvested in the field Which of these is Not an example of a police power? A. building codes B. eminent domain C. environmental laws D. zoning - answereminent domain Of these, which is LEAST LIKELY to be considered a conditional use in an area zoned as residential? A. cemetary