Arizona - State-Specific Real Estate Questions and Answers
What must subdivided lots have? Ingress & Egress What action takes place when a buyer defaults on a deed of trust? Notice of sale is sent to the owner/trustor from the Trustee What percentage would a owner-occupied residential house be assessed at? 10% In a property tax foreclosure a homeowner has: a three year right of redemption How many hours of education are required to renew a real estate sales person's license? 24 Hours How many hours of education are required for a real estate broker's license when the broker is the designated broker or an associated broker with delegated authority? 30 hours How many hours of education are required for a real estate associate broker's license? 24 hours What gives real estate licensees the right to prepare all documents in a real estate transaction? Arizona Constitution Article XXVI In order to be enforceable according to Arizona Revised Statutes, all listings must: Be in writing What is the minimum amount that must be in the Real Estate Recovery Fund as of June 30th of each year to avoid additional fees to licensees? $600,000 Property taxes become a lien the first day of: January What must a buyer of subdivided land receive? A Public Report
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- April 25, 2024
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