Social Science Economics
AZ Real Estate Exam
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REAL ESTATE ( AZ SPECIFIC ) Arizona Real Estate Practice Questi... AZ Real estate exam AZ Rea
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FHA works under which organization/association? HUD
What real estate law/act requires lenders to inform Federal Truth in Lending Act (TILA)
borrowers of annual percentage or any credit costs
before signing loan documents?
What is the Class Number & Tax Assessment Rate for Class 3, 10%
Single-family Owner-occupied homes?
When originating a loan, what needs to be provided to Loan estimate
the borrower after the loan application is received?
How many days does the lender have to provide the loan 3 business days
estimate to the borrower after the loan application is
received?
When do Mechanic's liens go into effect? The day that work begins
, When does recordation take place? when the docket and page numbers are assigned
Which of the following are NOT real property? Annual crops
What is considered a blind ad? An ad that does not indicate that the property is listed with a broker
A broker acting as a property manager is considered a: General agent
If a buyer pays 20% down and obtains a mortgage but Acceleration
makes NO FURTHER PAYMENTS, the lender can exercise:
What would be the status of a contract that has been Executory
signed but the title to the property has not passed?
A real estate mortgage is what type of lien? Specific VOLUNTARY Lien
What class number & tax assessment rate is vacant land? Class 2, 15%
What class number & tax assessment rate is income Class 4, 10%
property?
What class number & tax assessment rate is commercial Class 1, 18%
property?
To finance infrastructure for subdivision development, Community Facilities Districts
Arizona laws allow the formation of:
A loan estimate MUST given to a borrower within how 3 business days
many days?
Which activity requires a real estate license? A service that, for a fee, matches individuals who want to buy and sell properties
A broker accepts an exclusive authorization and right to the listing remains in full effect
sell listing from a corporation. During the listing term, all
of the officers of the corporation die. In this case:
What's NOT essential to a contract? Street address
2 multiple choice options
AZ Real Estate Exam
Leave the first rating
Students also studied
Flashcard sets Study guides
REAL ESTATE ( AZ SPECIFIC ) Arizona Real Estate Practice Questi... AZ Real estate exam AZ Rea
275 terms 679 terms 200 terms Teacher
adam_leicht Preview ssbbww Preview analyt Preview Lara
Terms in this set (173) Hide definitions
FHA works under which organization/association? HUD
What real estate law/act requires lenders to inform Federal Truth in Lending Act (TILA)
borrowers of annual percentage or any credit costs
before signing loan documents?
What is the Class Number & Tax Assessment Rate for Class 3, 10%
Single-family Owner-occupied homes?
When originating a loan, what needs to be provided to Loan estimate
the borrower after the loan application is received?
How many days does the lender have to provide the loan 3 business days
estimate to the borrower after the loan application is
received?
When do Mechanic's liens go into effect? The day that work begins
, When does recordation take place? when the docket and page numbers are assigned
Which of the following are NOT real property? Annual crops
What is considered a blind ad? An ad that does not indicate that the property is listed with a broker
A broker acting as a property manager is considered a: General agent
If a buyer pays 20% down and obtains a mortgage but Acceleration
makes NO FURTHER PAYMENTS, the lender can exercise:
What would be the status of a contract that has been Executory
signed but the title to the property has not passed?
A real estate mortgage is what type of lien? Specific VOLUNTARY Lien
What class number & tax assessment rate is vacant land? Class 2, 15%
What class number & tax assessment rate is income Class 4, 10%
property?
What class number & tax assessment rate is commercial Class 1, 18%
property?
To finance infrastructure for subdivision development, Community Facilities Districts
Arizona laws allow the formation of:
A loan estimate MUST given to a borrower within how 3 business days
many days?
Which activity requires a real estate license? A service that, for a fee, matches individuals who want to buy and sell properties
A broker accepts an exclusive authorization and right to the listing remains in full effect
sell listing from a corporation. During the listing term, all
of the officers of the corporation die. In this case:
What's NOT essential to a contract? Street address
2 multiple choice options
