Parties to Property Management
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Property Owner
Broker- property manager on behalf of property owner. General agent to
owner
Salesperson- property manager on behalf of broker. General agent to
broker.
What grandfathered water right can be sold separately from land?
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, Type 2 non irrigation right
Property Management (Record Keeping) Residential Property
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Leases must be kept for 1 year after termination
Financial records and finders fee records must be kept for 3 years
1 Township = ? Sections
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36 sections
In AZ, who can a finders fee go to if an unlicensed tenant?
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Finder's fee can only go to a tenant living in the apartment complex. It can
never be in cash, but can be in rent reduction or rent credit.
G&SRB&M
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, Gila & Salt River Baseline & Meridian. Initial point for all land surveys in
Arizona.
If tenant does not pay rent, landlord must deliver how many days notice for eviction?
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5 days notice
Doctrine of Prior Appropriation
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Doctrine that governs surface water.
"First in time, first in right"
Person who established their right to surface water earliest, establishes
priority.
Which would be illegal property management activity?
A. firm specializing in commercial sales offers residential property management
services
B. licensed salesperson enters into property management agreements on behalf of
her broker
C. licensed associate broker manages property directly for an investor
D. an unlicensed manager of a 250 unit apartment building receives a salary plus an
apartment as compensation
Give this one a try later!
Property Owner
Broker- property manager on behalf of property owner. General agent to
owner
Salesperson- property manager on behalf of broker. General agent to
broker.
What grandfathered water right can be sold separately from land?
Give this one a try later!
, Type 2 non irrigation right
Property Management (Record Keeping) Residential Property
Give this one a try later!
Leases must be kept for 1 year after termination
Financial records and finders fee records must be kept for 3 years
1 Township = ? Sections
Give this one a try later!
36 sections
In AZ, who can a finders fee go to if an unlicensed tenant?
Give this one a try later!
Finder's fee can only go to a tenant living in the apartment complex. It can
never be in cash, but can be in rent reduction or rent credit.
G&SRB&M
Give this one a try later!
, Gila & Salt River Baseline & Meridian. Initial point for all land surveys in
Arizona.
If tenant does not pay rent, landlord must deliver how many days notice for eviction?
Give this one a try later!
5 days notice
Doctrine of Prior Appropriation
Give this one a try later!
Doctrine that governs surface water.
"First in time, first in right"
Person who established their right to surface water earliest, establishes
priority.
Which would be illegal property management activity?
A. firm specializing in commercial sales offers residential property management
services
B. licensed salesperson enters into property management agreements on behalf of
her broker
C. licensed associate broker manages property directly for an investor
D. an unlicensed manager of a 250 unit apartment building receives a salary plus an
apartment as compensation
