Arizona school of real estate and business |\ |\ |\ |\ |\ |\ |\
Practice exam questions with answers |\ |\ |\ |\
A 3.45 acre lot sells for $.50 per square foot. What is the selling
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
price - CORRECT ANSWERS ✔✔$75,141
|\ |\ |\ |\
Applying to add refers to an ad that - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
✔✔Gives no indication that the property is listed as a broker
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
A bar were is required to put 10% down for the purchase of the
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
property. The 10% down would be considered - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔Equity |\
A broker acting as a property manager, would be what type of
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
Asian - CORRECT ANSWERS ✔✔General
|\ |\ |\ |\
A buyer pays 20% down and obtains a real state mortgage. The
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
buyer makes no further payments. What clause with the lender
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
now exercise - CORRECT ANSWERS ✔✔Acceleration
|\ |\ |\ |\ |\
In Arizona, a civil suit for $2500 would be heard in - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔Court of small claims |\ |\ |\ |\
A contract has been signed, but title has not yet passed. The
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
contract is - CORRECT ANSWERS ✔✔Executory
|\ |\ |\ |\ |\
, A handicap person is leasing a house that requires modification.
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Which of the following is true about the modifications - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔The lessor can require the lessee to reasonably
|\ |\ |\ |\ |\ |\ |\ |\ |\
restore the property at the end of the lease
|\ |\ |\ |\ |\ |\ |\ |\
A hold of her tenant would have a(n) - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
✔✔Estate at sufferance |\ |\
I'm home owner bought a house for $278,000. She sold at nine
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
years later for $264,000. What is her percent of loss - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔5% |\
A house cost $100,000. The buyer is making a down payment of
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
$32,000 and getting a $68,000 loan if there are four points, how
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
much money will be paid out of closing for the points - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔$2720 |\
A lender refuses to loan or limits moans in a certain minority
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
neighborhood. This action is called - CORRECT ANSWERS |\ |\ |\ |\ |\ |\ |\ |\
✔✔Redlining
Unless he puts in a bookcase for commercial use; at the end of
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
the lease the bookcase is removed. A bookcase would be
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
considered - CORRECT ANSWERS ✔✔A trade fixture |\ |\ |\ |\ |\ |\
In Arizona real estate license is renewed every - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔Two years |\ |\
Practice exam questions with answers |\ |\ |\ |\
A 3.45 acre lot sells for $.50 per square foot. What is the selling
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
price - CORRECT ANSWERS ✔✔$75,141
|\ |\ |\ |\
Applying to add refers to an ad that - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
✔✔Gives no indication that the property is listed as a broker
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
A bar were is required to put 10% down for the purchase of the
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
property. The 10% down would be considered - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔Equity |\
A broker acting as a property manager, would be what type of
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
Asian - CORRECT ANSWERS ✔✔General
|\ |\ |\ |\
A buyer pays 20% down and obtains a real state mortgage. The
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
buyer makes no further payments. What clause with the lender
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
now exercise - CORRECT ANSWERS ✔✔Acceleration
|\ |\ |\ |\ |\
In Arizona, a civil suit for $2500 would be heard in - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔Court of small claims |\ |\ |\ |\
A contract has been signed, but title has not yet passed. The
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
contract is - CORRECT ANSWERS ✔✔Executory
|\ |\ |\ |\ |\
, A handicap person is leasing a house that requires modification.
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
Which of the following is true about the modifications - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔The lessor can require the lessee to reasonably
|\ |\ |\ |\ |\ |\ |\ |\ |\
restore the property at the end of the lease
|\ |\ |\ |\ |\ |\ |\ |\
A hold of her tenant would have a(n) - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
✔✔Estate at sufferance |\ |\
I'm home owner bought a house for $278,000. She sold at nine
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
years later for $264,000. What is her percent of loss - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔5% |\
A house cost $100,000. The buyer is making a down payment of
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
$32,000 and getting a $68,000 loan if there are four points, how
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
much money will be paid out of closing for the points - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔$2720 |\
A lender refuses to loan or limits moans in a certain minority
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
neighborhood. This action is called - CORRECT ANSWERS |\ |\ |\ |\ |\ |\ |\ |\
✔✔Redlining
Unless he puts in a bookcase for commercial use; at the end of
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
the lease the bookcase is removed. A bookcase would be
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
considered - CORRECT ANSWERS ✔✔A trade fixture |\ |\ |\ |\ |\ |\
In Arizona real estate license is renewed every - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔Two years |\ |\
