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ASREB Test Preparation

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Market Data Approach (Direct Sales Comparison Approach)

Used when estimating a property's value based on a comparison of the property with similar properties in the same locale that have sold recently.

Net Lease

Lease agreement where the tenant pays some or all of the costs of building ownership in addition to their rent. Normally, the debt service is not paid by tenant in a net lease. They DO pay for: -Property taxes -Maintenance -Insurance

What are Arizona property taxes based on?

The assessed value of the property.

Broker must make deposits to trust accounts...

within 3 banking days.

Long Term Proprietary Lease

Known as a co-operative.

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Institution Arizona
Course Test

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