ASREB test questions and answers
Probable rights that go with ownership of real property or referred to as the
ANSWERS Bundle of rights
Surface of the earth, below the center, and above, with all natural things is
ANSWERS Land
Personal property is conveyed with a document called a ANSWERS Bill of sale
Emblements are considered_____ property ANSWERS Personal Property
Naturally growing plants are considered_____ property ANSWERS Real Property
An item which was one's personal property but is now real property is a ANSWERS
Fixture
Ownership of trade Fixtures depends on ANSWERS When it is
removed/expiration of the lease
The parcel that is burdened by the easement is known as the ANSWERS Service
to tenement
The parcel that benefits from the easement is known as the ANSWERS Dominant
tenement
The type of easement that attaches to a person, not a property is a ANSWERS
Personal easement in gross
Statutory timeframe for continuous use in Arizona for an easement by prescription is
ANSWERS 10 years
A physical intrusion upon another's property is a(n) ANSWERS Encroachment
Essenes that are attached to the land and transfer to the new owner are
ANSWERS appurtenant
The priority of liens is usually determined by ANSWERS Date and time it was
recorded
______ is not a factor in determining if an item is a fixture ANSWERS Cost
, Peoples preference for a certain area is called ANSWERS Situs
The document use to transfer real property is a ANSWERS Deed
What are the five tests for a fixture?
M___. A____. R____. I____. A_____. ANSWERS Method of Attachment
When rights transfer with a deed, this is referred to as ANSWERS Bundle of rights
Chris bought a farm and two tractors were included in the sale. What does Chris need
to convey the tractors. ANSWERS Bill of sale
What is not considered when determining whether an item is a fixture or personal
property ANSWERS Value of an annexed item
Physical land, it's attachments, and it's bundle of rights is known as ANSWERS
Real property
An article may be changed from Realty to personalty by ANSWERS Severance
Which of the following is personal property ANSWERS Trade fixtures
Real property can be divided into corporeal and incorporeal. Which would be an
incorporeal right? ANSWERS An easement
Patents, trademarks, copy rights, and royalties are an example of: ANSWERS
Intangible personality
Which of these is not an example of police power? ANSWERS Eminent Domain
Which is least likely to be considered a conditional use in a zone area of residential?
ANSWERS Gas station
Ad Valorem refers to a text that is: ANSWERS Based on the assessed value of
property
How long does an Arizona property owner have from date of tax lien sale to redeem
clean by paying the delinquent taxes interest and fees? ANSWERS Three years
Due Date for property taxes first half of year ANSWERS October 1st
Delinquent date for property taxes for first half of year ANSWERS November 1st
Property tax due date for second half of year ANSWERS March 1st
Property tax delinquent date for second half of your year ANSWERS May 1st
Probable rights that go with ownership of real property or referred to as the
ANSWERS Bundle of rights
Surface of the earth, below the center, and above, with all natural things is
ANSWERS Land
Personal property is conveyed with a document called a ANSWERS Bill of sale
Emblements are considered_____ property ANSWERS Personal Property
Naturally growing plants are considered_____ property ANSWERS Real Property
An item which was one's personal property but is now real property is a ANSWERS
Fixture
Ownership of trade Fixtures depends on ANSWERS When it is
removed/expiration of the lease
The parcel that is burdened by the easement is known as the ANSWERS Service
to tenement
The parcel that benefits from the easement is known as the ANSWERS Dominant
tenement
The type of easement that attaches to a person, not a property is a ANSWERS
Personal easement in gross
Statutory timeframe for continuous use in Arizona for an easement by prescription is
ANSWERS 10 years
A physical intrusion upon another's property is a(n) ANSWERS Encroachment
Essenes that are attached to the land and transfer to the new owner are
ANSWERS appurtenant
The priority of liens is usually determined by ANSWERS Date and time it was
recorded
______ is not a factor in determining if an item is a fixture ANSWERS Cost
, Peoples preference for a certain area is called ANSWERS Situs
The document use to transfer real property is a ANSWERS Deed
What are the five tests for a fixture?
M___. A____. R____. I____. A_____. ANSWERS Method of Attachment
When rights transfer with a deed, this is referred to as ANSWERS Bundle of rights
Chris bought a farm and two tractors were included in the sale. What does Chris need
to convey the tractors. ANSWERS Bill of sale
What is not considered when determining whether an item is a fixture or personal
property ANSWERS Value of an annexed item
Physical land, it's attachments, and it's bundle of rights is known as ANSWERS
Real property
An article may be changed from Realty to personalty by ANSWERS Severance
Which of the following is personal property ANSWERS Trade fixtures
Real property can be divided into corporeal and incorporeal. Which would be an
incorporeal right? ANSWERS An easement
Patents, trademarks, copy rights, and royalties are an example of: ANSWERS
Intangible personality
Which of these is not an example of police power? ANSWERS Eminent Domain
Which is least likely to be considered a conditional use in a zone area of residential?
ANSWERS Gas station
Ad Valorem refers to a text that is: ANSWERS Based on the assessed value of
property
How long does an Arizona property owner have from date of tax lien sale to redeem
clean by paying the delinquent taxes interest and fees? ANSWERS Three years
Due Date for property taxes first half of year ANSWERS October 1st
Delinquent date for property taxes for first half of year ANSWERS November 1st
Property tax due date for second half of year ANSWERS March 1st
Property tax delinquent date for second half of your year ANSWERS May 1st
