Az real estate Study guides, Class notes & Summaries

REAL ESTATE ( AZ SPECIFIC ) EXAM VERIFIED QUESTIONS AND ANSWERS 2024 LATEST EDITION

REAL ESTATE (AZ SPECIFIC) QUESTIONS AND ANSWERS ALREADY PASSED Arizona property taxes are based on: Assessed value The tax rate applied to owner occupied residential property is: 10 % What lien has priority first: Property taxes Property taxes become a lien the first day of: January If a property is not bid at a tax foreclosure sale: Anyone can later buy the tax lien from the Treasurer Rank the following in order: IRS lien, Property Taxes, Special Assessments Property Taxes, Special Assessm...

AZ Real Estate Exam Questions (2024) Correctly Answered To Score A+

AZ Real Estate Exam Final Exam Correctly Solved 100% Correct!!

AZ Real Estate exam questions and answers 100% pass What is the form of co-ownership in which two or more persons each have an undivided interest in the property but no right of survivorship? Tenancy in Common A type of ownership that is considered a long-term lease is best described as: Cooperative Building codes are primarily enforced by: the issuance of permits An interest in and possession of any real property is called An estate Roberta wishes to build her garage 2 feet from her side l...

Who regulates ground water in AZ? - ANSWER ADWR (Arizona Department of Water Resource) Who is responsible for pest management in AZ? - ANSWER Arizona Department of Agriculture What does the ADRE Enforce? - ANSWER Real Estate Statutes and Commissioner's Rules How long is a septic tank inspection good for? - ANSWER 6 Months Which law requires a non-us resident to pay tax gains from US property sale? - ANSWER U.S. Foreign Investment in Real Property Tax Act and is referred to as F.I.R....

AZ Real Estate Exam Guide Questions and CORRECT Answers Descent, law of - Correct ANSWER- A system whereby title to property passes by operation of law to the heir of one who dies owning property without a will Adminstrator - Correct ANSWER- Court-appointed personal representatives of an estate for someone who dies intestate May be called adminstratrix if female Beneficiary deed - Correct ANSWER- In AZ, a deed that is used to transfer title of real property to a beneficiary upon the ...

When is the acceleration clause used in an agreement for sale - Answer The seller may enforse the clause by foreclosing like a mortgage When a property tax lien is sold at auction, what is the Statutory period of redemption before a foreclosure can occur? - Answer 3 yrs What will not terminate a homestead exemption? - Answer Buying another property Which of the following actions would not transfer title to real property ? - Answer New city zoning ordinance

AZ Real Estate PASSED Exam Questions and CORRECT Answers Which Az tax rate is applied to owner occupied residential property - Correct ANSWER- 10% A husband and wife home community property and the husband dies, he receives the husbands half? - Correct ANSWER- Heirs Of the utilities required for joint tenancy which is necessary for a tenancy in common? - Correct ANSWER- Possession What is the smallest unit of measurement? - Correct ANSWER- Lot and block

AZ Real Estate UPDATED Exam Questions and CORRECT Answers Accession - Correct ANSWER- Acquiring property when trade fixtures are not removed on or before the last day the property is rented. They become real property of the landlord. Fixture - Correct ANSWER- An article/item that was once personal property but had been attached to land or a structure so it is now real property. Tests of a fixture - Correct ANSWER- 1. Agreement 2. Intention (most important) 3. Attachment 4. Adaptatio...