ASREB Study guides, Class notes & Summaries

ASREB SCHOOL EXAM QUESTIONS AND ANSWERS 100% PASS When a tenant moves out of a rental unit due to an electrical fire that was not their fault this would be called? Constructive eviction A property manager is considered what type of agent? General agent If a dwelling is damaged or destroyed by fire how many days must the tenant give the landlord to terminate the rental agreement? 14 A real estate broker is normally what type of agent? Special A broker's duty to a third party would be...

ASREB Practice Exam, Sessions 1-18, Study Guide Questions and Answered 2024

ASREB Practice Exam, Sessions 1-18, Study Guide Questions and Answered 2024

ASREB Practice Exam, Sessions 1-18, Study Guide Questions and Answered 2024

ASREB Practice Exam, Sessions 1–18, Study Guide Questions and Answers 2024

A 3.45-acre lot sells for 50 cents per square foot. What was the selling price? a. $37,570 b. $75,141 c. $76,230 d. $78,712 - Answer-b. $75,141 A blind ad refers to an ad that a. provides no price b. provides no address c. gives no indication that the property is listed with a broker d. gives no indication that the property has been sold or not - Answer-c. gives no indication that the property is listed with a broker A borrower is required to put 10% down for the purchase of a propert...

A borrower is required to put 10% down for the purchase of a property. The 10% down would be considered... - Answer-Equity A broker, acting as a property manager, would be considered what type of agent? - Answer-General A contract has been signed, but title has not yet been passed. The contract is... - Answer-Executory A house cost $100,000. The buyer is making a down payment of 32,000 and getting a $68,000 loan. If there are 4 points, how much money will be paid out of the closing for poin...

* Arizona Property Taxes and Assessments (Delinquent) - ● Penalty for delinquency 16% and tax lien ● Purchaser of tax liens gets a certificate of purchase ● May foreclose in 3yrs if taxes are not paid by the property owner. * Arizona Property Taxes - ● Charged "ad valorem" (A Latin phrase meaning "according to value"; used to refer to taxes assessed on the value of property) or assessed value ● Levied once (Jan. 1st) and paid twice a year ● Oh No More Money (Oct, Nov, Mar,...

Salesperson is working for a principal, but the salesperson exceeds authority in agreement. Principal does nothing to correct the actions, and the public is led to believe the actions were okay. Agency? - Answer-Estoppel Amount stated in a purchase contract in case the buyer breaches is called: - Answer-Liquidated In a sublease with a positive leasehold who benefits from excess rent? - Answer-Sub-lessor Property taxes are 1,525. 1st half paid by seller closes November 2nd - Answer-512.57 De...