Real Estate Exam Questions Arizona with Correct Answers 100% Pass

Real Estate Exam Questions Arizona with Correct Answers 100% Pass A utility company wants an easement on land, but the landowner doesn't want his property encumbered. What would the owner give the utility? - License If the buyer is assuming an existing loan on the property, which of the following is prorated at closing? - Interest Any broker or salesperson who initiates a suit to recover a commission for performing a regulated real estate activity must first be able to prove that he/she was properly _____ at the time the claim arose. - Licensed Which Encumbrances which might affect title to real property ? - Any encumbrance can effect title to property What would a life tenant hold? - Freehold Estate When constructing a home, the load bearing walls would rest on - Footing Who can sign any document on your behalf? - Attorney in Fact 2100% Pass Guarantee Olivia West, All Rights Reserved © 2025 If a designated broker appoints a temporary broker during their vacation, how long must a copy of the paperwork be kept? - 1 year What clause in a mortgage or trust deed calls for lender's action when the lender's claims have been nullified? - Defeasance clause Which of the items listed below is an interest in real property but not an estate? - Mortgage A listing salesperson produces an offer exactly as listed, but the owner refuses to accept it. What is true? - The Broker could sue the seller for commission A title free from defects that an owner has the right to convey is a/an: - Marketable Title Which of the following statements describes the purpose for conveying bare legal title to the trustee in a deed of trust? - Bare legal title allows the trustee to conduct foreclosure proceedings without going to court What law requires lenders to limit amount of funds that can be held in reserves? - RESPA When a person sends unsolicited fax advertising the fine can be up to: - 16,000 Constructive notice is accomplished by: - Recordation IN an agreement for sale, when does title convey? - Upon the last payment 3100% Pass Guarantee Olivia West, All Rights Reserved © 2025 A condominium and cooperative would be the same in that: - Both pay annual assessments After complying with requirements for notice of default; notice of election to sell and notice of pending sale of property at a Trustee's sale, under a deed of trust the trustor has a minimum of how many days to reinstate? - 90 days What is the difference between fee simple and non-freehold - Fee simple is freely inheritable. Non-freehold is a lease Which approach to value would be most appropriate when appraisin