問題一覧
1
Property management, Appraisal, Financing and development are all
Separate professions within the real estate industry
2
The term situs refers to?
People prefer certain areas
3
A REALTOR is best described as an individual who is
A member of The national Association of REALTORS
4
The term that means no to parcels are exactly alike is
Nonhomogeneity
5
The contract writing class in Arizona is mandatory and must be taken
Before applying for your real estate license
6
The Arizona pre-licensing salesperson course can be taken
Online or in a classroom
7
A physical characteristic of land is
Both B & C
8
A shopping mall is what type of real estate
Commercial
9
Bowling alley store, shelves, and restaurant equipment are examples of which of the following
Trade fixtures
10
Parking spaces and multi unit buildings, water, rights, and similar things of value are classified as
Appurtenancees
11
Crops are grown land and require annual planting and cultivation are called
Emblements
12
A church is an example of what type of real estate
Special Purpose
13
Which of the following is included in the definition of real estate, but not the definition of land
Fixtures on the property
14
Billy is building a brand new enclosed porch on his home a truckload of lumber that he purchased has been left on his driveway for you and building the porch at this point the lumber is considered to be
Personal Property
15
The term land is considered to be
Indestructible
16
Real property can become personal by
Severance
17
The right to control the use of the property and to Dispose of it by Will or deed are contained in the
Bundle of legal rights
18
The rights to the space above the ground with vertical planes are best described as
Air rights
19
The most important economic characteristic of land is
Location
20
Personal property that now becomes real property is called
Annexation
21
The person who buys land and then split it into smaller parts as is called a
Subdivider
22
In Arizona home, inspectors must be licensed by
Arizona State Board of technical registration
23
In Arizona pest control inspectors must be licensed by
Department of agriculture through pest management division
24
To aid in the sale of manufactured home on a rental pad in Arizona person must hold
A license from the Arizona Department of housing
25
Which of the following would be considered an industrial property?
Warehouse
26
A licensee cannot charge a fee to write a contract based on
Article XXVIof the Arizona Constitution
27
The Arizona recovery fund must keep a balance of the amount of
600,000 by June 30
28
Every two years a licensee must have how many hours of continued education
24 hours
29
Who appoints the real estate advisory board?
The governor
30
What happens to your real estate license upon payment from the recovery fund?
Terminated
31
An appointee as AZ real estate commissioner must have how many years of administrative experience
3
32
A broker can have how much of their own money in the brokerage trust account
$3000
33
Which of the following can an unlicensed assistant not do?
Perform a walk-through inspection
34
In Arizona, how long is the recession on a timeshare sale?
10 calendar days
35
Error and omission insurance would typically cover the following
Estimating market value
36
Which of the following persons would be exempt from real estate licensing in Arizona
Property manager of no more than one property
37
How many members are on the advisory board?
10
38
What is the term in office for the real estate commissioner
At the pleasure of the governor
39
What is the maximum number of hours of continuous education classes can a licensee take in one day
9
40
Which of the following is not a category for continued education
Safety
41
Can a licensee get paid for performing broker price opinion
Yes, if payment is paid to the employee broker
42
The owner listed her property for sale with a broker when the owner sold her home herself, she didn’t owe anyone a commission based on these facts what type of listing that the broker and the owner most likely have?
Open listing
43
Death of either the principle or the broker terminates the
Listing contract
44
The phrase procuring cause is most significant to the seller in relation to a
Exclusive agency listing
45
A broker has most likely earned a commission in which of the following cases?
The broker has communicated the acceptance of the seller to the buyer
46
What was the sales price of a property whose owner paid a 6000 commission at a 6% rate?
$100,000
47
Final decision on a properties listed price should be made by the
Seller
48
A seller has sold this property to a friend without the services of a real estate broker. The seller still owes the broker commission because the seller signed a
Exclusive right to sell listing
49
A broker secured a signed offer with the exact terms of the listing, but the seller refused to accept it which of the following statements is true
The broker would still be entitled to his her commission
50
If two licenses have an issue with their commission, what must they do?
Allow the deal to close
51
If a buyer backs out of an agreement to buy because he is, she changes his or her mind
All of the above
52
A broker obtains a verbal exclusive right to sell listing for four months. The listing is usually.
Unenforceable
53
Who are the parties to a listing agreement?
Seller and broker
54
What kind of listing agreement is illegal in most states because of the potential for conflict of interest between a brokers fiduciary responsibility to the seller and the brokers profit motive
Net list
55
A license shall not describe a premium offered and no cost or reduced cost to promote Cell or leasing as a
both A and C
56
The licensee has how many days to respond to the departments notice of an investigation being initiated
14 days
57
Who regulates the title insurance companies in Arizona
Arizona Department of insurance
58
In the typical real estate transaction before a sales contract has been signed by the offeree the earnest money belongs to the
Offeror
59
A class and a sales contract that requires punctual performance is described as a
Time is of the essence
60
A contract is said to be bilateral if
All parties to the contract exchange binding promises
61
Under the statue of frauds, all contracts for the sale of real estate must be
In writing to be enforceable
62
Buyer James and seller Lindsay have agreed to mutual assent this becomes indicated by
Offer and acceptance
63
The seller has died before the real estate transaction is close. The contract is considered to be.
Enforceable
64
Which of the following is an essential requirement for a valid contract?
Competent parties
65
When buying a home, the amount of the buyers earnest money is determined by
Agreement between buyer and seller
66
In the typical purchase of a home, the offeror would most likely be the
Mortgagor
67
The transfer of rights on a contract without the release from obligation by the transferor is known as
Assignment
68
Which party would a unilateral contract be enforceable against
Optionor
69
Based on the validity of a contract, which of the following agreements would be considered voidable
A contract without ingress or egress
70
When both parties to purchase a contract, decide to mutually cancel this is called
Recession
71
A contract that has been agreed to buy the actions of the parties is called
Implied
72
The purchase contract states that will purchase a property of John’s wife agrees to the sell by July 18. The wife’s approval is a
Contingency
73
The failure to me an obligation and real estate contract is best to find as
Breach
74
Rhonda has a very high interest in purchasing Olivia‘s home in North Scottsdale. Olivia has communicated to Rhonda that if she ever considers to put it on the market For sale that she will offer it to her first this is an example of
Right of first refusal
75
The buyer and seller have a disagreement based on the terms of contract rather than going to court they agreed to let a third-party make a binding decision. After hearing all the facts. This is called a
Arbitration
76
What law gives real estate licenses in Arizona the right to draft contract without charging for those services
Article 26
77
In Arizona, the designated broker must review all contracts and how many days
10 business days
78
In Arizona, how many years are transaction records kept from completion of the transaction?
5 years
79
Arizona rejected offers are kept for how many years
1 year
80
A class any contract that states the buyer will pay certain amount of money over the highest offer seller receives
escalation escalator clause
81
An easement is most likely terminated by
Abandonment
82
Which of the following statements is true?
All liens are encumbrances
83
A homeowner may be allowed certain protection from judgments of creditors, by which of the following
Homestead rights
84
The right of property owners that border non- navigable waterways, such as rivers are called
Riparian rights
85
Which of the following must be present for an appurtenant easement to exist?
To adjacent parcel, two owners
86
A 100 year-old woman died in a nursing home. She had outlived all of her relatives and had no written well what happens to her $300,000 estate
It’s escheats to the state
87
Mr. Grao built a fence that extended beyond the boundary of his property onto his neighbors property. This is an example of.
An encroachment
88
Josephine has permission from Ryan to hike on his property during the summer months. Josephine has a.
License
89
A property was deed to a buyer with a stipulation that it can only be used for residential purposes conveyes a
Difeasible fee estate
90
Betty has a lease that began on July 1, 2023 and ended on July 31, 2023. What type of lease state did Betty have?
An estate for years
91
When land is to be condemned under the power of eninment domain, which of the following must apply?
the taking must be for public use
92
Which of the following does police powers include?
zoning ordinances
93
Which of the following is an example of a freehold estate?
fee simple estate
94
Bob conveyed a property to Judy for the rest of her life. Once Judy dies the property will automatically got to Brenda. This is an example of a
life estate in remainder
95
A license is an example of
temporary use right
96
Jake has been crossing over Benny’s land to get to the lake for over 10 years without Benny’s permission. Jake can acquire the legal right to use by which of the following.
Eastment by prescription
97
Arizona surface water doctrine is called
Prior appropriation
98
Can an association prohibit the installation of solar energy devices
An association can adopt a reasonable rules regarding the placement of solar devices
99
Donna lives in a subdivision and has hired Rhonda to list her house. Can Donna HOA restrict the placement of a for sale sign in the front of the home
No, an association must allow the placement of a for sale sign
100
The one common element that both Tenancy in common and joint Tenancy share is
Possession