ASREB EXAM 2023 (Arizona school of Real Estate,
Teachers: Randy H. workshop and other collaborators)
Passed!!
Wetlands =
Police Power
Confidentiality =
Loyalty and last forever
Brownfields =
Land with hazardous substance
Friable =
Asbestos
Compensatory Damages
Actual damage
Type 2 water rights can be....
Sold with the land
Sub division
6 or more lots less than 36 acres
Nominee
To remain anonymous in a contract
Future Lien possibly....
Mechanics Lien
Written words in a contract ____________________ the pre-printed boilerplate.
Supersede
Who makes the ocunter-offer?
The Offeror
3 Grandfathered Rights
1.
2.
3.
2 types of water
Ground and surface. ADWR
Loss Payee
1st to be paid in insurance claim
a CLUE report is a 5 year insurance claim history
3 General Liens
Judgement, IRS, Decedents debts
_________ days to cancel a lease after a fire (or other casualty)
14 (days)
Water + Time =
Mold
Max $__________ in a broker trust account for bank fees
3000
, Must remove interest from broker trust account after ________ year and
__________ or _________ may have the interst
One..... client (or) broker
_______________ ________________ supervises you always, even in a property
management question.
Designated Broker
Who pays you?
Employing broker
For underground utilities call....
811
Oral lease begins when?
When we speak.
Impound is not a ____________ to ____________.
debit to seller
When is the only time to credit to seller?
When the seller repays the for the entire year
USDA zero down
Rural loan
What is not a part of property management budget?
Roof replacement
Who is responsible for disclosing fissures?
Broker and Licensee
What is appurtenant to a condo?
Cabinets
Title insurance and security deposits are not ___________
Prorated
When moving in use _______-_____ form to specify damages.
Move - in
Non-Recourse loan
Not a benefit to a lender
UCC
Personal Property
What is always a personal property to a business?
Trade fixtures
Subordination Clause
A clause which permits the placing of a mortgage at a later date which takes priority
over an existing mortgage. (Making 1st, 2nd, and 2nd first)
When you exchange rights for money is called?
Subrogation
Covenant to Seizen
When you promise your property @ the time of delivery.
How many times can you take a exclusion for your principal residence?
5 times in a 10 year period
Who is responsible for property tax in a foreclosure?
Owner. AKA: mortgagor, trustor, debtor
Consent order
Teachers: Randy H. workshop and other collaborators)
Passed!!
Wetlands =
Police Power
Confidentiality =
Loyalty and last forever
Brownfields =
Land with hazardous substance
Friable =
Asbestos
Compensatory Damages
Actual damage
Type 2 water rights can be....
Sold with the land
Sub division
6 or more lots less than 36 acres
Nominee
To remain anonymous in a contract
Future Lien possibly....
Mechanics Lien
Written words in a contract ____________________ the pre-printed boilerplate.
Supersede
Who makes the ocunter-offer?
The Offeror
3 Grandfathered Rights
1.
2.
3.
2 types of water
Ground and surface. ADWR
Loss Payee
1st to be paid in insurance claim
a CLUE report is a 5 year insurance claim history
3 General Liens
Judgement, IRS, Decedents debts
_________ days to cancel a lease after a fire (or other casualty)
14 (days)
Water + Time =
Mold
Max $__________ in a broker trust account for bank fees
3000
, Must remove interest from broker trust account after ________ year and
__________ or _________ may have the interst
One..... client (or) broker
_______________ ________________ supervises you always, even in a property
management question.
Designated Broker
Who pays you?
Employing broker
For underground utilities call....
811
Oral lease begins when?
When we speak.
Impound is not a ____________ to ____________.
debit to seller
When is the only time to credit to seller?
When the seller repays the for the entire year
USDA zero down
Rural loan
What is not a part of property management budget?
Roof replacement
Who is responsible for disclosing fissures?
Broker and Licensee
What is appurtenant to a condo?
Cabinets
Title insurance and security deposits are not ___________
Prorated
When moving in use _______-_____ form to specify damages.
Move - in
Non-Recourse loan
Not a benefit to a lender
UCC
Personal Property
What is always a personal property to a business?
Trade fixtures
Subordination Clause
A clause which permits the placing of a mortgage at a later date which takes priority
over an existing mortgage. (Making 1st, 2nd, and 2nd first)
When you exchange rights for money is called?
Subrogation
Covenant to Seizen
When you promise your property @ the time of delivery.
How many times can you take a exclusion for your principal residence?
5 times in a 10 year period
Who is responsible for property tax in a foreclosure?
Owner. AKA: mortgagor, trustor, debtor
Consent order
