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Owner-occupied dwellings of four or fewer units
environmental concerns that deal with small particles in the air would be
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Asbestos
Important to know that an appraisal is NOT
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Guarantee that the house is free of defects
Real estate taxes are levied
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Annually
A handicapped person is leasing a house that required modification. Which of the
following is TRUE
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The lessor can require the lessee to reasonably restore the property at the
end of the lease
The county Assessor
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Official responsible for determining property values for ad valorem
taxation purposes
A real estate mortgage would be
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Voluntary lien
To finance the infrastructure for a subdivision development, Arizona law allows the
formation of
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Community Facilities Districts
What is exempt from Fair Housing?
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Four plex owner occupied
subjective value
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Created in mind/ it is intangible, fluid, and manipulatable. Can be
influenced by the property amenities
S corporation
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a form of corporation that avoids double taxation by having its income
taxed as if it were a partnership
An employer wants to be protected against employee's dishonesty, the employer
should obtain a :
a. performance bond
b. fidelity bond
c. trust account
d. personal guarantee
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Fidelity Bond
A seller wants to list a four-plex and live in one unit, but doesn't want any children in
the units. What should the agent do?
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Refuse the listing, it violates fair housing
earnest money deposit
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