ASREB (Arizona School of Real Estate and Business) Unit 45 |
Complete Test Prep Toolkit: Approved Solutions for Certification
Success 2025/2026
Which article of the arizona constitution created state trust land - correct answer article
10
The cases, keto v new london andbiley v city of mesa, dealt with - correct answer
eminent domain
Which of the following bankruptcy chapters allows for liquidation of a debtor's assets -
correct answer seven
A parcel of land that benefits from an easement is know as the - correct answer
dominant estate
Distributed ledger technology that uses a distributed, decentralized, share and
replicated ledger, and on which theta on the ledger is protected with cryptography, is
immutable and auditable and provides an uncensored truth is a - correct answer
blockchain
A document recorded to give notice of an optionee's rights and usually does not include
the terms of th option is - correct answer memorandum of option
Brokerage companies that are llcs - correct answer may be manager managed or
member managed
A buyer pays $175,000 for an office building with $25,000 as a down payment. Over ver
six year the buyers pay 12,000 on the mortgage of which 50% is interest disregarding
interest, what percentage of the purchase price has the buyer paid - correct answer
18%
-he paid 25,000 and 6,000
, A tenant vacates a property having done $1250 worth of damages. The tenant also left
an x-box valued at 250 in the property. The tenant contacts the property manager within
10 days and demands the return of the x-box and the $1,000 security deposit. The
manager - correct answer must return the x-box but may keep the $1,000 security
deposit
Which is the first step int he foreclosure of a tax lien - correct answer notice is sent to
the property owner
Long term capital gain treatment applies if the property has been held more than -
correct answer 12 months
A loan provision that makes different properties (real or personal) collateral for the same
loan is a - correct answer cross-collaterlization clause
A jugement is entered against a debt who owns 3 properties. The judgement is a lien
against - correct answer all three properties
The statute of frauds set forth - correct answer the requirements that listings must be
in writing to be enforced
A retail business sees a sharp decline in their profits due to a newly constructed freeway
on-ramp that by[passes the pretty this is an example - correct answer incurable
external obsolescence
A buyer qualifies for a va loan and receives a certificate of eligibility with full entitlement,
what does this mean for the borrower - correct answer the buyer can get loan from any
va lender
A listing agent and a seller have a dispute over a commission during the close of escrow
and the seller refuses to pay what action can the listing agent take - correct answer
civil action against the seller after closing
Complete Test Prep Toolkit: Approved Solutions for Certification
Success 2025/2026
Which article of the arizona constitution created state trust land - correct answer article
10
The cases, keto v new london andbiley v city of mesa, dealt with - correct answer
eminent domain
Which of the following bankruptcy chapters allows for liquidation of a debtor's assets -
correct answer seven
A parcel of land that benefits from an easement is know as the - correct answer
dominant estate
Distributed ledger technology that uses a distributed, decentralized, share and
replicated ledger, and on which theta on the ledger is protected with cryptography, is
immutable and auditable and provides an uncensored truth is a - correct answer
blockchain
A document recorded to give notice of an optionee's rights and usually does not include
the terms of th option is - correct answer memorandum of option
Brokerage companies that are llcs - correct answer may be manager managed or
member managed
A buyer pays $175,000 for an office building with $25,000 as a down payment. Over ver
six year the buyers pay 12,000 on the mortgage of which 50% is interest disregarding
interest, what percentage of the purchase price has the buyer paid - correct answer
18%
-he paid 25,000 and 6,000
, A tenant vacates a property having done $1250 worth of damages. The tenant also left
an x-box valued at 250 in the property. The tenant contacts the property manager within
10 days and demands the return of the x-box and the $1,000 security deposit. The
manager - correct answer must return the x-box but may keep the $1,000 security
deposit
Which is the first step int he foreclosure of a tax lien - correct answer notice is sent to
the property owner
Long term capital gain treatment applies if the property has been held more than -
correct answer 12 months
A loan provision that makes different properties (real or personal) collateral for the same
loan is a - correct answer cross-collaterlization clause
A jugement is entered against a debt who owns 3 properties. The judgement is a lien
against - correct answer all three properties
The statute of frauds set forth - correct answer the requirements that listings must be
in writing to be enforced
A retail business sees a sharp decline in their profits due to a newly constructed freeway
on-ramp that by[passes the pretty this is an example - correct answer incurable
external obsolescence
A buyer qualifies for a va loan and receives a certificate of eligibility with full entitlement,
what does this mean for the borrower - correct answer the buyer can get loan from any
va lender
A listing agent and a seller have a dispute over a commission during the close of escrow
and the seller refuses to pay what action can the listing agent take - correct answer
civil action against the seller after closing
