Asr Study guides, Class notes & Summaries

EDF 6223 Exam 1 / ASR module 1-4 | 2024 Questions & Answers | 100% Correct | Verified

ASREB State Test B-1 Questions and Answers 100% Pass A broker goes on a cruise for ten days. Who can be left in charge? Any unlicensed employee Any real estate licensee employed by the broker Only a real estate salesperson Any corporate officers Any real estate licensee employed by the broker A broker prepares documents at a cost of $35. Which of the following is true? The broker cannot charge for the service The broker may charge if the parties agree The broker may charge if it ...

B-1 ASREB Questions and Answers Already Passed A broker receives earnest money from a buyer but instead of placing the money into the trust account the broker pays company bills. This action is an example of: a. Conversion b. Commingling c. Subrogation d. Bona fide a. Conversion A designated broker of a real estate company may: a. Act as a designated broker for more than one real estate company in Arizona b. Take a temporary leave of absence for a period not to exceed 60 days...

EDF 6223 Exam 1- ASR Module 1-4 | 100% Correct Answers | Verified | Latest 2024 Version

ASREB Practice Exam Questions with Verified Answers 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 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 c. gives no indication that the property is listed with a broker A borrower is required t...

ASREB Test with 100% Correct Solutions A borrower is required to put 10% down for the purchase of a property. The 10% down would be considered... - Correct Answer ️️ -Equity A broker, acting as a property manager, would be considered what type of agent? - Correct Answer ️️ -General A contract has been signed, but title has not yet been passed. The contract is... - Correct Answer ️️ -Executory A house cost $100,000. The buyer is making a down payment of 32,000 and getting a $6...

ASREB National Test A-3 Questions and Answers Already Passed A buyer sees a worn path across the property he is interested in buying. The buyer should be concerned about: Easement in gross Easement by prescription Condemnation Police Power Easement by prescription A chronological summary of title is called Deed report Abstract of title ATLA policy Title insurance report Abstract of title A clause in a deed which specifies the degree of property conveyed is called: Defeasa...

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...

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...

A subdivider employés hostesses to show houses. The hostesses explain the features of the homes and gave the prices and terms. In this scenario: a. Only the sales broker needs to be licensed b. Hostesses are employees only and need not be licensed c. The hostesses must be licensed d. As long as they do not accept deposits and do not write up sales, the hostesses need not be licensed - Answer-c. The hostesses must be licensed A timeshare would be required to have a public report if: a. T...