Arizona Real Estate Exam Review Questions and Answers

Which of the following is not properly included in the concept of the power of eminent domain:The right of government to confiscate property from the owner. This right falls under police power because confiscation doesn't allow for just compensation and eminent domain is a power with just compensation. A valid warranty deed must contain all of the following elements, except:Signed by grantee A valid warranty deed does not require grantee's signature. You plan to build a high rise building over a railroad track. You need to purchase:The air rights and land for caissons for footings of the building You need to purchase air rights for the railroad tracks and surface rights for the caissons. Caissons are columns supporting structures in the air and always need surface rights. Husband & wife own community property and make a will. How is the property distributed upon the death of one party?Property passes according to the will Which of the following is not a special force influencing value of property?Original cost When a contract is missing a legal description it would be considered:Unenforceable A real estate contract without a legal description is unenforceable. A salesperson has a direct fiduciary duty to the:Broker The salesperson always has a duty to his/her broker. The broker always has a duty to the client. What type of listing would be considered more unilateral than bilateral?Open