Arizona Real Estate Exam exam
graded A LATEST VERSION 2025
Real Property that you can touch is __________ - CORRECT
ANSWER Corporeal
Real Property you can NOT touch is __________ - CORRECT
ANSWER Incorporeal
Chattel is __________ - CORRECT ANSWER Personal Property
Adjoining landowners that have the right to use the water is called
__________ - CORRECT ANSWER Littoral Rights
Enabling Legislation is __________ - CORRECT ANSWER Police
Power
Taking private property for public us is __________ - CORRECT
ANSWER Eminent Domain
Reversion of property to state if property owner dies without a will or
heirs is __________ - CORRECT ANSWER Escheat
Lessor is the __________ - CORRECT ANSWER Owner/Landlord
Lessee is the __________ - CORRECT ANSWER Renter/tenant
Landlord receives fix rent & pays all other costs is __________ -
CORRECT ANSWER Gross lease
Lessor will NOT pay maintenance, insurance, taxes this is called
__________ - CORRECT ANSWER Net Lease
, Landlord receives a % of gross sales - CORRECT ANSWER
Percentage Lease
Lease that allows the payments to adjust up or down is called
__________ - CORRECT ANSWER Index Lease
A lease that starts low and then increases at set intervals is called
__________ - CORRECT ANSWER Graduated Lease
A lease were one person owns the land and the other improvements
is called __________ - CORRECT ANSWER Ground Lease
Ownership in Estate is called __________ - CORRECT ANSWER
Freehold Ownership
The highest ownership without conditions is called __________ -
CORRECT ANSWER Fee Simple Absolute
Leasehold estate for a specific period of time is called __________ -
CORRECT ANSWER Estate for years
A leasehold that is month to month, week by week is called
__________ - CORRECT ANSWER Estate from period to period
A leasehold that you move in and stay as long as you want is called
__________ - CORRECT ANSWER Estate at will
A leasehold where the tenant refuses to leave is called __________ -
CORRECT ANSWER Estate at Sufferance
__________ Certificate verifies the terms of the lease - CORRECT
ANSWER Estoppel Certificate
Types of tenancies that you own it by yourself is called __________ -
CORRECT ANSWER Sole & Seperate
graded A LATEST VERSION 2025
Real Property that you can touch is __________ - CORRECT
ANSWER Corporeal
Real Property you can NOT touch is __________ - CORRECT
ANSWER Incorporeal
Chattel is __________ - CORRECT ANSWER Personal Property
Adjoining landowners that have the right to use the water is called
__________ - CORRECT ANSWER Littoral Rights
Enabling Legislation is __________ - CORRECT ANSWER Police
Power
Taking private property for public us is __________ - CORRECT
ANSWER Eminent Domain
Reversion of property to state if property owner dies without a will or
heirs is __________ - CORRECT ANSWER Escheat
Lessor is the __________ - CORRECT ANSWER Owner/Landlord
Lessee is the __________ - CORRECT ANSWER Renter/tenant
Landlord receives fix rent & pays all other costs is __________ -
CORRECT ANSWER Gross lease
Lessor will NOT pay maintenance, insurance, taxes this is called
__________ - CORRECT ANSWER Net Lease
, Landlord receives a % of gross sales - CORRECT ANSWER
Percentage Lease
Lease that allows the payments to adjust up or down is called
__________ - CORRECT ANSWER Index Lease
A lease that starts low and then increases at set intervals is called
__________ - CORRECT ANSWER Graduated Lease
A lease were one person owns the land and the other improvements
is called __________ - CORRECT ANSWER Ground Lease
Ownership in Estate is called __________ - CORRECT ANSWER
Freehold Ownership
The highest ownership without conditions is called __________ -
CORRECT ANSWER Fee Simple Absolute
Leasehold estate for a specific period of time is called __________ -
CORRECT ANSWER Estate for years
A leasehold that is month to month, week by week is called
__________ - CORRECT ANSWER Estate from period to period
A leasehold that you move in and stay as long as you want is called
__________ - CORRECT ANSWER Estate at will
A leasehold where the tenant refuses to leave is called __________ -
CORRECT ANSWER Estate at Sufferance
__________ Certificate verifies the terms of the lease - CORRECT
ANSWER Estoppel Certificate
Types of tenancies that you own it by yourself is called __________ -
CORRECT ANSWER Sole & Seperate
