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ASREB SCHOOL EXAM QUESTIONS WITH CORRECT ANSWERS

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ASREB SCHOOL EXAM QUESTIONS WITH CORRECT ANSWERS

Institution
ASREB
Course
ASREB

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A salesperson represents a seller in all real estate matters. This agency is called:


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General




The statue of frauds was brought into being to prevent:


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Pergury




A real estate broker is normally what type of agent?

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Special




You borrow $90,000 at 9% interest for 20 years. Monthly payment is $900, principal
and interest. What is the total amount of interest paid after 20 years?


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$126,000




In an agency relationship, the primary ethical duty of a broker is to?


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Represent the principal




Which of these transactions requires the use of a Closing Disclosure form at the
closing?


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New home purchase with conventional financing




The commissioner will deny a public report on a subdivision because of the
subdivider's inability to:

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Deliver clear title




An example of involuntary alienation is where title to real estate passes by:


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Sheriff's deed




A defeasance clause would MOST likely be found in:


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A mortgage or trust deed




Which of the following requires an AZ real estate license?


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Selling timeshares




Property taxes are $1,525. The first half was paid by the seller. A sale closes Nov. 2nd.
What is the debit and credit to buyer and seller on the settlement sheet?


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