ASREB Practice Exam Questions
and Answers All Correct
The 1988 Amendment to the Federal Fair Housing Act prohibits discrimination based on
a. age and sex
b. handicapped and religion
c. familial status and handicapped
d. familial status and age - Answer-c. familial status and handicapped
If a buyer of a property wants to remain anonymous, what term should be used for that
buyer's name in the purchase contract?
a. Or Nominee
b. Or Nominor
c. Or Principal
d. Or Assignor - Answer-a. Or Nominee
The doctrine of water usage in Arizona is known as
a. riparian
b. prior appropriation
c. reliction
d.littoral - Answer-b. prior appropriation
Which of the following listings would NOT be entered into a multiple listing service?
a. pocket listing
b. entry only listing
c. limited service listing
d. full service listing - Answer-a. pocket listing
The following would be an example of what type of surveying system? Beginning at the
SE corner of Tatum andCactus, proceed 2,640 feet north, thence 400' west, thence 700
feet south, and back to the beginning
a. rectangular survey
b. block and lot
c. metes and bounds
d. recorded plat - Answer-c. metes and bounds
Which is the highest form of an estate?
a. fee simple
b. defeasible fee
c. fee conditional
, d. estate in remainder - Answer-a. fee simple
What is the homestead exemption in Arizona?
a. $20,000
b. $50,000
c. $100,000
d. $150,000 - Answer-d. $150,000
The main purpose of the Federal Housing Administration is to
a. guarantee loans
b. insure loans
c. lend money
d. sell loans - Answer-b. insure loans
The relationship between a broker and their salesperson is what type of agency?
a. general
b. special
c. ostensible
d. fiduciary - Answer-a. general
Which of the following is determined by measuring the exterior dimensions of a home
including garages, patios and entryways?
a. square footage of living area
b. square footage under roof
c. front footage area
d. heated and cooled areas - Answer-b. square footage under roof
What is the tax assessment rate applied to owner-occupied residential property in
Arizona?
a. 10%
b. 12%
c. 15%
d. 18% - Answer-a. 10%
When a property that has a well is sold, what must be sent to ADWR?
a. Affidavit of Affixture
b. Well Inspection Report
c. Transfer of Well Rights Form
d. Affidavit of Disclosure - Answer-c. Transfer of Well Rights Form
The word friable would most likely apply to which of the following?
a. radon gas
b. lead-based paint
c. a Superfund site
d. asbestos - Answer-d. asbestos
and Answers All Correct
The 1988 Amendment to the Federal Fair Housing Act prohibits discrimination based on
a. age and sex
b. handicapped and religion
c. familial status and handicapped
d. familial status and age - Answer-c. familial status and handicapped
If a buyer of a property wants to remain anonymous, what term should be used for that
buyer's name in the purchase contract?
a. Or Nominee
b. Or Nominor
c. Or Principal
d. Or Assignor - Answer-a. Or Nominee
The doctrine of water usage in Arizona is known as
a. riparian
b. prior appropriation
c. reliction
d.littoral - Answer-b. prior appropriation
Which of the following listings would NOT be entered into a multiple listing service?
a. pocket listing
b. entry only listing
c. limited service listing
d. full service listing - Answer-a. pocket listing
The following would be an example of what type of surveying system? Beginning at the
SE corner of Tatum andCactus, proceed 2,640 feet north, thence 400' west, thence 700
feet south, and back to the beginning
a. rectangular survey
b. block and lot
c. metes and bounds
d. recorded plat - Answer-c. metes and bounds
Which is the highest form of an estate?
a. fee simple
b. defeasible fee
c. fee conditional
, d. estate in remainder - Answer-a. fee simple
What is the homestead exemption in Arizona?
a. $20,000
b. $50,000
c. $100,000
d. $150,000 - Answer-d. $150,000
The main purpose of the Federal Housing Administration is to
a. guarantee loans
b. insure loans
c. lend money
d. sell loans - Answer-b. insure loans
The relationship between a broker and their salesperson is what type of agency?
a. general
b. special
c. ostensible
d. fiduciary - Answer-a. general
Which of the following is determined by measuring the exterior dimensions of a home
including garages, patios and entryways?
a. square footage of living area
b. square footage under roof
c. front footage area
d. heated and cooled areas - Answer-b. square footage under roof
What is the tax assessment rate applied to owner-occupied residential property in
Arizona?
a. 10%
b. 12%
c. 15%
d. 18% - Answer-a. 10%
When a property that has a well is sold, what must be sent to ADWR?
a. Affidavit of Affixture
b. Well Inspection Report
c. Transfer of Well Rights Form
d. Affidavit of Disclosure - Answer-c. Transfer of Well Rights Form
The word friable would most likely apply to which of the following?
a. radon gas
b. lead-based paint
c. a Superfund site
d. asbestos - Answer-d. asbestos
