Arizona Real Estate Practice Questions / & Expertly
Verified Answers, .
Terms in this set (679)
Within how many days 15 days
after property transfer
shall a buyer submit a
completed transfer form
and file with ADEQ
An example of involuntary Sheriff's deed
alienation is where title to
real estate passes by:
What event will create an Dower interest becoming cohate
involuntary life estate?
A valid warranty deed Signed by grantee
must contain all of the
following elements,
except:
The clause in a deed which The habendum clause
sets forth or limits the extent
of the interests in the title
being conveyed is:
Deed
An instrument that
conveys a grantor's
interest is called a:
,Which of the items listed Mortgage
below is an interest in real
property but not an estate?
What law creates an Broker lien law
automatic lien on a
commercial property,
subject to the listing
agreement?
An article may be Detachment
changed from realty to
personalty by:
What is the purpose of a Define the market Conditions under which the appraisal was
date in an appraisal report? made
The customary procedure Figure the adjusted gross income, deduct all costs of operation, and
for arriving at the fair market divide the net operating income by the current rate of return for
value of an office building this type of investment
for selling purposes is:
Market price is closest to: The amount of money given in exchange for the property
(value in exchange)
Which of the following does Establishing value
not relate to appraising?
While determining the net Interest expense
operating income of an
investment property, an
appraiser will take into
account all of the following
except:
Negligence that causes harm Tort
is a/an:
,Which of the following Accepting an offer and opening escrow
would NOT terminate an
agency relationship?
Seller and buyer sign a Assignment
purchase contract. The
buyer wishes to give it to
another party. This action is
called:
A buyer and a seller were Undisclosed inducement and dividing commissions with non
separated in negotiations by licensees
only five hundred dollars.
The listing and sales agent
agree to reduce the
commission by that amount
to make the deal. Each agent
gives their clients two
hundred and fifty dollars
after closing. What unethical
practices exist here?
A real estate broker, in the Special agent
typical agency relationship
with a seller, is a/an:
A lender is limited in the RESPA
amount of reserves they may
hold in a residential real
estate transaction.
This is governed by:
Reg. Z
What regulation requires the
lender to show the true
interest rate?
, The effective rate of Annual percentage rate
interest is best described
as:
The VA funding fee would Loan to Value
change based on:
Broker lists property for Reg. Z
$180,000. The ad reads
$10,000 down and 8%
interest. This ad would
violate:
What document lets a HUD-1 statement
buyer and seller see the
costs involved with closing
the transaction?
A title company is employed Servicing agent
by a lender to collect
payments on a deed of trust,
what is the title company
called?
Permanent finance Principal and interest
payments would include
which of the following?
What statement in an Only $5,000 down
advertisement requires a
full explanation?
What law requires lenders to RESPA
limit the amount of funds
that can be held in reserves?
The mortgagor is: The borrower
What is not an Warranty deed
encumbrance?
Verified Answers, .
Terms in this set (679)
Within how many days 15 days
after property transfer
shall a buyer submit a
completed transfer form
and file with ADEQ
An example of involuntary Sheriff's deed
alienation is where title to
real estate passes by:
What event will create an Dower interest becoming cohate
involuntary life estate?
A valid warranty deed Signed by grantee
must contain all of the
following elements,
except:
The clause in a deed which The habendum clause
sets forth or limits the extent
of the interests in the title
being conveyed is:
Deed
An instrument that
conveys a grantor's
interest is called a:
,Which of the items listed Mortgage
below is an interest in real
property but not an estate?
What law creates an Broker lien law
automatic lien on a
commercial property,
subject to the listing
agreement?
An article may be Detachment
changed from realty to
personalty by:
What is the purpose of a Define the market Conditions under which the appraisal was
date in an appraisal report? made
The customary procedure Figure the adjusted gross income, deduct all costs of operation, and
for arriving at the fair market divide the net operating income by the current rate of return for
value of an office building this type of investment
for selling purposes is:
Market price is closest to: The amount of money given in exchange for the property
(value in exchange)
Which of the following does Establishing value
not relate to appraising?
While determining the net Interest expense
operating income of an
investment property, an
appraiser will take into
account all of the following
except:
Negligence that causes harm Tort
is a/an:
,Which of the following Accepting an offer and opening escrow
would NOT terminate an
agency relationship?
Seller and buyer sign a Assignment
purchase contract. The
buyer wishes to give it to
another party. This action is
called:
A buyer and a seller were Undisclosed inducement and dividing commissions with non
separated in negotiations by licensees
only five hundred dollars.
The listing and sales agent
agree to reduce the
commission by that amount
to make the deal. Each agent
gives their clients two
hundred and fifty dollars
after closing. What unethical
practices exist here?
A real estate broker, in the Special agent
typical agency relationship
with a seller, is a/an:
A lender is limited in the RESPA
amount of reserves they may
hold in a residential real
estate transaction.
This is governed by:
Reg. Z
What regulation requires the
lender to show the true
interest rate?
, The effective rate of Annual percentage rate
interest is best described
as:
The VA funding fee would Loan to Value
change based on:
Broker lists property for Reg. Z
$180,000. The ad reads
$10,000 down and 8%
interest. This ad would
violate:
What document lets a HUD-1 statement
buyer and seller see the
costs involved with closing
the transaction?
A title company is employed Servicing agent
by a lender to collect
payments on a deed of trust,
what is the title company
called?
Permanent finance Principal and interest
payments would include
which of the following?
What statement in an Only $5,000 down
advertisement requires a
full explanation?
What law requires lenders to RESPA
limit the amount of funds
that can be held in reserves?
The mortgagor is: The borrower
What is not an Warranty deed
encumbrance?
