Arizona school of real estate and business
chapter 1 Exam UPDATED QUESTIONS
AND CORRECT ANSWERS
Chattel - CORRECT ANSWER personal property
police power - CORRECT ANSWER The right of the government to pass legislation
protecting the safety, health and welfare of the public
Intestate - CORRECT ANSWER A person who dies without making a will, causing his
or her estate to pass on by the laws of descent and distribution
condemnation - CORRECT ANSWER 1: The act act or process of taking private
property for public use, through the government's power of eminent domain(also called:
Appropriation)
2: a declaration that a structure is unfit for occupancy and must be closed or demolished
CFD (Community Facilities District) - CORRECT ANSWER A special purpose public
improvement district in Arizona that has the ability to Levy long-term bonds to finance and
provide public infrastructure such as water, sewer, schools and streets
Bill of Sale - CORRECT ANSWER an instrument and writing that transfer ownership
of tangible personal property (i.e. Furniture)
Grandfathered - CORRECT ANSWER a provision in which an old rule continues to
apply to some existing situation while a new rule will apply to all future cases
Annexation - CORRECT ANSWER Attaching personal property to land so that the law
of views it as part of the real property
chapter 1 Exam UPDATED QUESTIONS
AND CORRECT ANSWERS
Chattel - CORRECT ANSWER personal property
police power - CORRECT ANSWER The right of the government to pass legislation
protecting the safety, health and welfare of the public
Intestate - CORRECT ANSWER A person who dies without making a will, causing his
or her estate to pass on by the laws of descent and distribution
condemnation - CORRECT ANSWER 1: The act act or process of taking private
property for public use, through the government's power of eminent domain(also called:
Appropriation)
2: a declaration that a structure is unfit for occupancy and must be closed or demolished
CFD (Community Facilities District) - CORRECT ANSWER A special purpose public
improvement district in Arizona that has the ability to Levy long-term bonds to finance and
provide public infrastructure such as water, sewer, schools and streets
Bill of Sale - CORRECT ANSWER an instrument and writing that transfer ownership
of tangible personal property (i.e. Furniture)
Grandfathered - CORRECT ANSWER a provision in which an old rule continues to
apply to some existing situation while a new rule will apply to all future cases
Annexation - CORRECT ANSWER Attaching personal property to land so that the law
of views it as part of the real property
