ARIZONA SCHOOL OF REAL ESTATE
AND BUSINESS PRACTICE EXAM FROM
BACK OF THE BOOK QUESTIONS WITH
ACTUAL ANSWERS!!
1 of 98
Term
The relationship between a broker and their sales person is what
type of agency
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Limited Special
Specific General
, Don't know?
2 of 98
Term
Property taxes are assessed on the
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Highest and best use Value of the property
Price of the property Cost basis of the property
Don't know?
3 of 98
Term
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
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5% $2720
, 0% 10%
Don't know?
4 of 98
Term
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
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$3,000 $2720
$500 $1,500
Don't know?
5 of 98
Term
How can a buyer be best assured of getting his earnest money back
of his loan is not approved
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, Pay the earnest money in cash only Wait until the loan is approved to
sign the contract
Place a contingency clause in Submit the contract without any
the contract conditions
Don't know?
6 of 98
Term
Which of the following is a type of bargain and sale deed
Give this one a try later!
General warranty deed Special warranty deed
Sheriffs deed Trustee's deed
Don't know?
AND BUSINESS PRACTICE EXAM FROM
BACK OF THE BOOK QUESTIONS WITH
ACTUAL ANSWERS!!
1 of 98
Term
The relationship between a broker and their sales person is what
type of agency
Give this one a try later!
Limited Special
Specific General
, Don't know?
2 of 98
Term
Property taxes are assessed on the
Give this one a try later!
Highest and best use Value of the property
Price of the property Cost basis of the property
Don't know?
3 of 98
Term
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
Give this one a try later!
5% $2720
, 0% 10%
Don't know?
4 of 98
Term
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
Give this one a try later!
$3,000 $2720
$500 $1,500
Don't know?
5 of 98
Term
How can a buyer be best assured of getting his earnest money back
of his loan is not approved
Give this one a try later!
, Pay the earnest money in cash only Wait until the loan is approved to
sign the contract
Place a contingency clause in Submit the contract without any
the contract conditions
Don't know?
6 of 98
Term
Which of the following is a type of bargain and sale deed
Give this one a try later!
General warranty deed Special warranty deed
Sheriffs deed Trustee's deed
Don't know?
