ASREB Study guides, Class notes & Summaries

ASREB ch 1; Questions and Answers 100% Verified Property rights that go with ownership of real property are referred to as the... Answerbundle of rights Surface of the earth, below to the center, with all natural things is... Answer-land Personal property is conveyed with a document called a... Answer-bill of sale Naturally growing plants are considered............. property Answer-real property Emblements are considered................property. Answer-personal property

ASREB Ch 1; Questions and Answers 100% Verified Attachments are generally considered_____and can be either____or____ Answer-real property, natural, or man made What are five test to determine what is or is not a fixture? Answer-M.A.R.I.A. Method of Attachment, Agreement, Relationship, Intent, Adaptability Property ownership is what two basic systems? Answer-Feudal and Allodial All real estate is owned by the king and there are no heirs. Answer-Feudal System

ASREB State Test A-1 Questions and Answers 100% Verified Arizona property taxes are based on: Pro rata share Assessed value Front Footage Transfer value Answer-Assessed Value The tax rate applied to owner occupied residential property is: 10% 12% 14% 16% Answer-10%

ASREB National Test A-5 Questions and Answers 100% Verified A property is sold but the legal title remains in the seller's name. What type of instrument was used to complete the sale? Mortgage Deed of Trust Agreement for sale Option Answer-Agreement for sale Seller does not give title to the buyer, but the buyer has use of the land. Title will be delivered when the debt is paid in full. This is called: Mortgage Deed of trust Land contract Exclusive contract Answer-Land contract

ASREB National Test A-2 Questions and Answers 100% Verified The highest form of an estate would be: Fee simple Defeasible fee Fee conditional Estate in remainder Answer-Fee Simple A tenant is living without permission on the property after the lease expires. What type of estate would the tenant most likely hold? Estate for years Estate at sufferance Estate for period Estate at will Answer-Estate for years

ASREB National Test A-4 Questions and Answers 100% Verified Recording easements do which of the following? Place an encroachment on the property Place an encumbrance on the property Place a lien on the property Places a deed restriction on the property Answer-Place an encumbrance on the property

ASREB Test Questions and Answers Latest (2024 / 2025) (Verified Answers)

ASREB Exam Questions and Answers Latest (2024 / 2025) (Verified Answers)

ASREB Practice Exam Questions and Answers Latest (2024 / 2025) (Verified Answers)