Arizona School of Real Estate and
Business Exam Qs & Answers
1. Which is not an appurtenances and, therefore, does not pass with the standard
warranty deed? - ANSWER-Trade fixtures
1. An apartment building is located in an area that is red zone and industrial. The
property owner - ANSWER-Can maintain the property as an apartment building as
long as it doesn't expand
1. When our property taxes payable? - ANSWER-October and March
1. Which of the following would least likely be a lawful use for taking homes through
the power of eminent domain? - ANSWER-Shopping center
1. Which of the following would have the highest assessment ratio? - ANSWER-
Vacant shopping center
1. When a real property tax lien is sold for failure to pay taxes, the sale is held -
ANSWER-In February
1. If the county sells the lien due to unpaid property taxes, what redemption period
does the owner have? - ANSWER-Three years
2. Which of the following would be considered community property? - ANSWER-
Property bought by one of the parties during the marriage
2. Bob and Bill bought an apartment building and took title to the property as joint
tenants. Bob died and left her well. Bill now owns the apartment building - ANSWER-
In severalty
2. John, Ted, and Alice on property as joint tenants. Alice sells her ownership
interest to Sam. What best describes the current ownership of the property? -
ANSWER-Jon and Ted remain joint tenants owning a 2/3 interest
2. Which method of ownership is not legal in Arizona? - ANSWER-Tenancy by the
entirety
2. In Arizona, the state presumption is, unless stated otherwise, that unmarried
couples will take title as - ANSWER-Tenants in common
2. Penny formed a joint tenancy with Samuel. Penny is married to Ralph. Penny
dies, and one week later Samuel days. Who owns the property? - ANSWER-
Samuel's heirs
2. Peggy and Paul on a parcel of land. Peggy owns 65% interest, and Paul Owens
the remainder. How do they hold title? - ANSWER-Tenants in common
Business Exam Qs & Answers
1. Which is not an appurtenances and, therefore, does not pass with the standard
warranty deed? - ANSWER-Trade fixtures
1. An apartment building is located in an area that is red zone and industrial. The
property owner - ANSWER-Can maintain the property as an apartment building as
long as it doesn't expand
1. When our property taxes payable? - ANSWER-October and March
1. Which of the following would least likely be a lawful use for taking homes through
the power of eminent domain? - ANSWER-Shopping center
1. Which of the following would have the highest assessment ratio? - ANSWER-
Vacant shopping center
1. When a real property tax lien is sold for failure to pay taxes, the sale is held -
ANSWER-In February
1. If the county sells the lien due to unpaid property taxes, what redemption period
does the owner have? - ANSWER-Three years
2. Which of the following would be considered community property? - ANSWER-
Property bought by one of the parties during the marriage
2. Bob and Bill bought an apartment building and took title to the property as joint
tenants. Bob died and left her well. Bill now owns the apartment building - ANSWER-
In severalty
2. John, Ted, and Alice on property as joint tenants. Alice sells her ownership
interest to Sam. What best describes the current ownership of the property? -
ANSWER-Jon and Ted remain joint tenants owning a 2/3 interest
2. Which method of ownership is not legal in Arizona? - ANSWER-Tenancy by the
entirety
2. In Arizona, the state presumption is, unless stated otherwise, that unmarried
couples will take title as - ANSWER-Tenants in common
2. Penny formed a joint tenancy with Samuel. Penny is married to Ralph. Penny
dies, and one week later Samuel days. Who owns the property? - ANSWER-
Samuel's heirs
2. Peggy and Paul on a parcel of land. Peggy owns 65% interest, and Paul Owens
the remainder. How do they hold title? - ANSWER-Tenants in common
