Arizona school of real estate and
business Practice exam from back of the
book
A 3.45 acre lot sells for $.50 per square foot. What is the selling
price correct answers$75,141
Applying to add refers to an ad that correct answersGives no indication that
the property is listed as a broker
A bar were is required to put 10% down for the purchase of the property. The
10% down would be considered correct answersEquity
A broker acting as a property manager, would be what type of
Asian correct answersGeneral
A buyer pays 20% down and obtains a real state mortgage. The buyer makes
no further payments. What clause with the lender now exercise correct
answersAcceleration
In Arizona, a civil suit for $2500 would be heard in correct answersCourt of
small claims
A contract has been signed, but title has not yet passed. The contract
is correct answersExecutory
A handicap person is leasing a house that requires modification. Which of
the following is true about the modifications correct answersThe lessor can
require the lessee to reasonably restore the property at the end of the lease
A hold of her tenant would have a(n) correct answersEstate at sufferance
I'm home owner bought a house for $278,000. She sold at nine years later
for $264,000. What is her percent of loss correct answers5%
A house cost $100,000. The buyer is making a down payment of $32,000 and
getting a
$68,000 loan if there are four points, how much money will be paid out of
closing for the points correct answers$2720
A lender refuses to loan or limits moans in a certain minority neighborhood.
This action is called correct answersRedlining
, Unless he puts in a bookcase for commercial use; at the end of the lease the
bookcase is removed. A bookcase would be considered correct answersA
trade fixture
In Arizona real estate license is renewed every correct answersTwo years
How listing broker receive several offers at the same time. The broker
shed correct answersPresent all the offers
The loan estimate must be given to a bar or within three business
days correct answersOf loan application
A party lives on the property without permission of the owner. After the
legally required time period, is the occupant received the title to the
property it was done so through correct answersAdverse possession
A plat map and include everything except correct
answersBuildings I real estate mortgage would be a(n)
correct answersVoluntary lien
I real estate sale was closed on March 21. The assessed
value of the property is
$72,500 I wanted to. The tax rate is $1.75 per $100 of assessed value.
What is the proper entry on the sellers settlement statement correct
answers$281.94 debit
Right of way over Parcel A to Parcel please identifies Parcel B as
the correct answersDominant tenement
A sales person runs an ad in the local paper promoting a brokers listing.
Which of the following is true correct answersThe Brokeridge name must
appear prominently in the ad
A seller lists property with a brokerage, sells it himself, and does not have
to pay commission. What kind of listing did the seller sign correct
answersExclusive agency
A seller needs to pay an estimate of $2000 in closing cost, $150,000 on his
current mortgage, and wants $58,000 in cash for a down payment on
another house. His listing agreement I will get him to pay 6% commission to
the brokerage. What is the minimum selling price he can except rounded to
the nearest dollar correct answers$222,600
A seller wants to list a four plex and live in one unit, that doesn't want any
children in the units. What should the agent do correct answersRefuse the
listing; it violates fair housing
Valid contract must have correct answersOffer and acceptance
If verbal contract for the purchase of real estate is correct
answersUnenforceable
business Practice exam from back of the
book
A 3.45 acre lot sells for $.50 per square foot. What is the selling
price correct answers$75,141
Applying to add refers to an ad that correct answersGives no indication that
the property is listed as a broker
A bar were is required to put 10% down for the purchase of the property. The
10% down would be considered correct answersEquity
A broker acting as a property manager, would be what type of
Asian correct answersGeneral
A buyer pays 20% down and obtains a real state mortgage. The buyer makes
no further payments. What clause with the lender now exercise correct
answersAcceleration
In Arizona, a civil suit for $2500 would be heard in correct answersCourt of
small claims
A contract has been signed, but title has not yet passed. The contract
is correct answersExecutory
A handicap person is leasing a house that requires modification. Which of
the following is true about the modifications correct answersThe lessor can
require the lessee to reasonably restore the property at the end of the lease
A hold of her tenant would have a(n) correct answersEstate at sufferance
I'm home owner bought a house for $278,000. She sold at nine years later
for $264,000. What is her percent of loss correct answers5%
A house cost $100,000. The buyer is making a down payment of $32,000 and
getting a
$68,000 loan if there are four points, how much money will be paid out of
closing for the points correct answers$2720
A lender refuses to loan or limits moans in a certain minority neighborhood.
This action is called correct answersRedlining
, Unless he puts in a bookcase for commercial use; at the end of the lease the
bookcase is removed. A bookcase would be considered correct answersA
trade fixture
In Arizona real estate license is renewed every correct answersTwo years
How listing broker receive several offers at the same time. The broker
shed correct answersPresent all the offers
The loan estimate must be given to a bar or within three business
days correct answersOf loan application
A party lives on the property without permission of the owner. After the
legally required time period, is the occupant received the title to the
property it was done so through correct answersAdverse possession
A plat map and include everything except correct
answersBuildings I real estate mortgage would be a(n)
correct answersVoluntary lien
I real estate sale was closed on March 21. The assessed
value of the property is
$72,500 I wanted to. The tax rate is $1.75 per $100 of assessed value.
What is the proper entry on the sellers settlement statement correct
answers$281.94 debit
Right of way over Parcel A to Parcel please identifies Parcel B as
the correct answersDominant tenement
A sales person runs an ad in the local paper promoting a brokers listing.
Which of the following is true correct answersThe Brokeridge name must
appear prominently in the ad
A seller lists property with a brokerage, sells it himself, and does not have
to pay commission. What kind of listing did the seller sign correct
answersExclusive agency
A seller needs to pay an estimate of $2000 in closing cost, $150,000 on his
current mortgage, and wants $58,000 in cash for a down payment on
another house. His listing agreement I will get him to pay 6% commission to
the brokerage. What is the minimum selling price he can except rounded to
the nearest dollar correct answers$222,600
A seller wants to list a four plex and live in one unit, that doesn't want any
children in the units. What should the agent do correct answersRefuse the
listing; it violates fair housing
Valid contract must have correct answersOffer and acceptance
If verbal contract for the purchase of real estate is correct
answersUnenforceable
