AZ Real Estate Practice Exam Q&A

A 3.45-acre What is the selling price? lot sells for so cents per square foot. A. 537,570 B. $75,141 C. 576,230 D. $78,712 B A blind ad refers to an ad that: A. provides no price. B. provides no address. C. gives no with a broker. indication that the property is listed D. gives no been sold or not indication that the property has C purchase of a property. A borrower is required to put 10% down The 10% down for the considered would be A equity. B. boot. C. tax shelter. D. leverage. A A broker, acting as a property manager, would be what type of agent? A. special B. general C. implied D. ostensible B A buyer pays 20% down and obtains a real payments. What clause estate mortgage. The buyer makes no further would the lender now exercise? A. alienation B. habendum C. C. novation D. acceleration D When a new home is still under construction, the County Assessor may value ratio. A. increase the assessed B. increase the full cash value. C. decrease the tax rate. D. appeal the limited property value. B A contact has been signed, passed. The contract is but title has not ves A. executed. B. executory. C recorded. D. estopped. B A handicapped requires modification. person is leasing Which of the modifications? a house thet TRUE about the followinn i A The lessor my forbid handicapped modifications. B. The lessor can reasonably require the lessee to restore the property at the end ed the lease. C. The lessor P. The lessor can must pay for the modifications increase the rent due to the risk of the handicapped person. B A holdover tenant would have a(n) A. estate at sufferance. B. estate at will. C freehold estate. D. remainder estate. A Which of these property classifications is used for vacant land? A. Class 1 B. Class 2 C. Class 3 D. Class 4 B