Arizona Real Estate Reciprocal Exam
Detailed Verified Answers| Already
Quiz_________________?
100 or more - The Office of Interstate Land Sales Registration requires registration when
the number of lots being offered is 100 or more nonexempt lots. -
Answer✅
When land is offered interstate, it would be regulated by the Office of Interstate Land Sales
Registration. What number of lots must be offered for the regulation to take place?
Quiz_________________?
Assured water supply -
Answer✅
When a new residential development is taking place in an Active Management Area, the
developer would be required to provide which of the following?
A private water company to serve the area
Adequate water supply
Domestic well
Assured water supply
Quiz_________________?
Accretion -
Answer✅
1
,A gradual addition to dry land by the forces of nature, as when the tide deposits water-
borne sediment on shoreline property.
Quiz_________________?
Affidavit of Affixture -
Answer✅
A document for owners of mobile homes certifying that the home is immobilized, I.e.
anchored to real property
Quiz_________________?
Appurtenance -
Answer✅
A right, privilege, or improvement belonging to, and passing with, the land.
Quiz_________________?
Bill of Sale -
Answer✅
A document used to transfer ownership of personal property.
Quiz_________________?
Bundle of Rights -
Answer✅
The rights of an owner to possess, control, enjoy, sell, lease, mortgage, and dispose of the
property.
Quiz_________________?
Conversion -
Answer✅
The process of changing real property to personal property or personal property to real
2
, Quiz_________________?
Deed -
Answer✅
A document that transfers ownership of property from one party to another.
Quiz_________________?
Emblements -
Answer✅
Farm crops of a tenant farmer, which not automatically transferred with real property, and
are considered personal property.
Quiz_________________?
Erosion -
Answer✅
the process of eroding or being eroded by wind, water, or other natural agents.
Quiz_________________?
Fixture -
Answer✅
An item of personal property that has been converted to real property by being
permanently affixed to the realty.
Quiz_________________?
Grantee -
Answer✅
A person who receives a conveyance of real property from a grantor.
Quiz_________________?
3
, Grantor -
Answer✅
the individual who conveys the ownership rights of real property
Quiz_________________?
Heterogeneity -
Answer✅
A characteristic of real property indicating its diversity or uniqueness.
Quiz_________________?
Personal Property -
Answer✅
Tangible items that (usually) are not permanently attached to or part of real estate; any
property that is not real property; movable property not affixed to land. Also called Chattel
or Personalty.
Quiz_________________?
Real Property -
Answer✅
The physical land itself, all the way down to the center of the Earth, and to the sky up
above, and anything attached to the land such as buildings, improvements, fixtures, and
associated rights such as water rights and easements.
Quiz_________________?
Riparian Rights -
Answer✅
An owner's rights in land that borders on or includes a stream, river, or lake. These rights
include access to and use of the water.
Quiz_________________?
4
Detailed Verified Answers| Already
Quiz_________________?
100 or more - The Office of Interstate Land Sales Registration requires registration when
the number of lots being offered is 100 or more nonexempt lots. -
Answer✅
When land is offered interstate, it would be regulated by the Office of Interstate Land Sales
Registration. What number of lots must be offered for the regulation to take place?
Quiz_________________?
Assured water supply -
Answer✅
When a new residential development is taking place in an Active Management Area, the
developer would be required to provide which of the following?
A private water company to serve the area
Adequate water supply
Domestic well
Assured water supply
Quiz_________________?
Accretion -
Answer✅
1
,A gradual addition to dry land by the forces of nature, as when the tide deposits water-
borne sediment on shoreline property.
Quiz_________________?
Affidavit of Affixture -
Answer✅
A document for owners of mobile homes certifying that the home is immobilized, I.e.
anchored to real property
Quiz_________________?
Appurtenance -
Answer✅
A right, privilege, or improvement belonging to, and passing with, the land.
Quiz_________________?
Bill of Sale -
Answer✅
A document used to transfer ownership of personal property.
Quiz_________________?
Bundle of Rights -
Answer✅
The rights of an owner to possess, control, enjoy, sell, lease, mortgage, and dispose of the
property.
Quiz_________________?
Conversion -
Answer✅
The process of changing real property to personal property or personal property to real
2
, Quiz_________________?
Deed -
Answer✅
A document that transfers ownership of property from one party to another.
Quiz_________________?
Emblements -
Answer✅
Farm crops of a tenant farmer, which not automatically transferred with real property, and
are considered personal property.
Quiz_________________?
Erosion -
Answer✅
the process of eroding or being eroded by wind, water, or other natural agents.
Quiz_________________?
Fixture -
Answer✅
An item of personal property that has been converted to real property by being
permanently affixed to the realty.
Quiz_________________?
Grantee -
Answer✅
A person who receives a conveyance of real property from a grantor.
Quiz_________________?
3
, Grantor -
Answer✅
the individual who conveys the ownership rights of real property
Quiz_________________?
Heterogeneity -
Answer✅
A characteristic of real property indicating its diversity or uniqueness.
Quiz_________________?
Personal Property -
Answer✅
Tangible items that (usually) are not permanently attached to or part of real estate; any
property that is not real property; movable property not affixed to land. Also called Chattel
or Personalty.
Quiz_________________?
Real Property -
Answer✅
The physical land itself, all the way down to the center of the Earth, and to the sky up
above, and anything attached to the land such as buildings, improvements, fixtures, and
associated rights such as water rights and easements.
Quiz_________________?
Riparian Rights -
Answer✅
An owner's rights in land that borders on or includes a stream, river, or lake. These rights
include access to and use of the water.
Quiz_________________?
4
