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,Your seller clients want work done that goes beyond the scope of the handyman
exemption, so they posted the jobs separately on an online site. Is this permitted?
No, jobs can't be split into parts so that each part has a contract price of less than $1,000
Roy purchased a newly constructed home with a warranty that covers major structural
defects for 10 years, and systems (HVAC, electrical, plumbing) for three years. After living
in the home a few months, Roy notices the following defects and submits them all. Which
one will likely be covered by the warranty?
A split ceiling joist in the basement
Which of the following is a true statement about transactional recordkeeping
requirements in Arizona?
Licensees must produce records within 24 hours of an ADRE request.
Which special lease clause stipulates that the tenant is responsible for paying any
increase in taxes over the base year's taxes, in addition to the base rent?
Tax
Which type of communication does the CAN-SPAM Act outlaw?
Email marketing with no "unsubscribe" option
, Which type of contract allows a buyer to legally possess the property after all of the
terms and conditions have been met?
Sale agreement
A loss in value caused by an undesirable or hazardous influence offsite is which type of
depreciation?
External depreciation
Aldrich is conveying marketable title to a property buyer. Should he also furnish a title
insurance policy?
Yes, because title defects not revealed in a title search can crop up even with marketable
title.
Which of these is NOT an option for a seller under an Arizona agreement for sale when a
buyer defaults on the loan?
Non-judicial foreclosure
Stanford bought a condo. He owns it as a fee simple absolute estate, so he holds all
rights of ownership. Which of the following can Stanford NOT do?
Have three dogs, which violates the condo association covenants.
A local company wants to build a new office building. What type of loan will it most likely
be seeking from its commercial bank?
Construction loan
Leona bought her home two years ago for $350,000. Assuming her home appreciated at
the 3% rate typical of her current market, how much is her home worth now?