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Exam (elaborations)

ASREB Exam Questions with 100% Correct Answers | Latest Version (2024/2025) Expert Verified

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ASREB Exam Questions with 100% Correct Answers | Latest Version (2024/2025) Expert Verified

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Institution
ASREB
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ASREB

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Uploaded on
December 14, 2024
Number of pages
44
Written in
2024/2025
Type
Exam (elaborations)
Contains
Questions & answers

Subjects

  • asreb exam questions with 100 correct answers l
  • salesperson is working for a principal but the sa
  • amount stated in a purchase contract in case the b
  • in a sublease with a positive leasehold who benefi

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ASREB Exam Questions with 100% Correct
Answers | Latest Version (2024/2025) Expert
Verified

SalespersonTisTworkingTforTaTprincipal,TbutTtheTsalespersonTexceedsTau
thorityTinTagreement.TPrincipalTdoesTnothingTtoTcorrectTtheTactions,Tan
dTtheTpublicTisTledTtoTbelieveTtheTactionsTwereTokay.TAgency?T-
TCorrectTAnswer-Estoppel




AmountTstatedTinTaTpurchaseTcontractTinTcaseTtheTbuyerTbreachesTisTca
lled:T-TCorrectTAnswer-Liquidated


InTaTsubleaseTwithTaTpositiveTleaseholdTwhoTbenefitsTfromTexcessTrent
?T-TCorrectTAnswer-Sub-lessor


PropertyTtaxesTareT1,525.T1stThalfTpaidTbyTsellerTclosesTNovemberT2ndT
-TCorrectTAnswer-512.57TDebitTseller,TcreditTbuyerT(518.07)


DeedTofTtrustTisTcreated,TitTalsoTneeds:T-TCorrectTAnswer-Note


ConsumerTfinancialTprotectionTbureauTisTgoverningT-TCorrectTAnswer-
SavingsT&TLoanTAssociations

,FixedTrateT30TyearTloanTisTpartiallyTprepaid,ThasTanTeffectTonT-
TCorrectTAnswer-ShorteningTtheTlifeTofTtheTloan




BuyersTinterestTinTaTpurchaseTcontractTisTassignedTtoT3rdTparty,Tsellers'
TpermissionT-TCorrectTAnswer-NeverTRequired




Apt.T2TunitsT:900,T2550T-TCorrectTAnswer-2,030


90,000T1500T+T6%TannumT-TCorrectTAnswer-427.50


SellThouseTforT113,000T7%TVATLoanT110,000T2T½TpointsTtermiteTinspect
ionT-TCorrectTAnswer-29,840


CommissionerTmayTissueTceaseTandTdesistTonTallTbutT-TCorrectTAnswer-
AppealTtoTAdvisoryTBoard


LowTincomeTloansT-TCorrectTAnswer-GNMA


ClosingTstatementTnotTpro-ratedT-TCorrectTAnswer-SecurityTdeposit


WhatTisTnotTrequiredTonTbrokerageTreceiptT-TCorrectTAnswer-
brokerageTname

,BrokersTareTrequiredTtoThaveTallTexcept:T-TCorrectTAnswer-
TrustTAccount


NotTappearTonTpublicTreportT-TCorrectTAnswer-MarketTValue


TaxesTareT915TaTyear,TsellerTpaidT1stThalfTonTOctoberT1,TcloseTescrowTo
nT11/16T-TCorrectTAnswer-340TDebitTSeller


RelationshipTofTLicenseeTtoTBrokerT-TCorrectTAnswer-General


SellTJuneT6th,TWaterTBillT$86TandTtaxesTareT$778T-TCorrectTAnswer-
437TCreditTSeller,T492TDebitTBuyer


LifeTTenantTHoldsT-TCorrectTAnswer-FeeTSimple


CouplingsT-TCorrectTAnswer-
HomeTInspectors/ArizonaTBoardTofTTechnicalTRegistration


WhenTaTbrokerTmovesTtheirTofficeTtheTsignTmustTbeTremovedT-
TCorrectTAnswer-Immediately




PropertyTclosesTonTJuneT15,TusingT365TdaysTcreditTtoTtheTsellerTwhenT1
200TwasTpaidT-TCorrectTAnswer-657.54

, WhenTyouTappraiseTlandTandTadTitTtoTtheTdepreciatedTvalueTofTtheTimp
rovedTproperty,TwhatTappraisalTapproachTisTbeingTusedT-
TCorrectTAnswer-Cost




TermTusedTbyTsurveyorsT-TCorrectTAnswer-Benchmark


RightTtoTlicenseTagentsT-TCorrectTAnswer-legislature


LawTthatTrequiresTnon-residentTaliensTtoTpayTgainsT-TCorrectTAnswer-
FIRPTA


160,000TpropertyTEvans,TCainsT155,000.TCainTpaidT5,000TtaxesTareTasse
ssedTonT-TCorrectTAnswer-EvanTpaysT5,000


SaleTleasebackToccursT-TCorrectTAnswer-BuyerTisTlandlord


TypeTofTdeedTisTnotTnecessarilyTevidenceTofTtitleT-TCorrectTAnswer-
QuiteTClaimTDeed


CommericalTleaseTwhatTlimitsTincreasesTinTcostT-TCorrectTAnswer-
ExpenseTstop


WhoTpaysTdiscountTpointsTonTVATloanT-TCorrectTAnswer-Buyer
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