ASREB Exam A+ Pass 100% Solved
Questions And All Correct Answers
2025-2026 New Update VERIFIED
Mrs. Martin owns a house on a corner lot, and tears the house down in order to
get a better price for the land. This is an example of
a. substitution
b. economic depreciation
c. highest and best use
d. contribution
c. highest and best use
On a settlement statement, rent paid in advance would be a
a. credit t the seller only
b. debit to the buyer only
c. credit to the buyer, debit to the seller
d. credit to the buyer only
c. credit to the buyer, debit to the seller
Property taxes are assessed on the
a. capital gains on the property
b. value of the property
c. amount pain for the property
d. assessment on the property
b. value of the property
Rows of townships are called
a. tiers
b. ranges
c. townhouses
d. condominiums
a. tiers
,The 1988 Amendment to the Federal Fair Housing Act prohibits discrimination
based on
a. age and sex
b. handicapped and religion
c. familial status and handicapped
d. familial status and age
c. familial status and handicapped
If a buyer of a property wants to remain anonymous, what term should be used
for that buyer's name in the purchase contract?
a. Or Nominee
b. Or Nominor
c. Or Principal
d. Or Assignor
a. Or Nominee
The doctrine of water usage in Arizona is known as
a. riparian
b. prior appropriation
c. reliction
d.littoral
b. prior appropriation
Which of the following listings would NOT be entered into a multiple listing
service?
a. pocket listing
b. entry only listing
c. limited service listing
d. full service listing
a. pocket listing
The following would be an example of what type of surveying system?
Beginning at the SE corner of Tatum andCactus, proceed 2,640 feet north,
thence 400' west, thence 700 feet south, and back to the beginning
a. rectangular survey
b. block and lot
c. metes and bounds
d. recorded plat
, c. metes and bounds
Which is the highest form of an estate?
a. fee simple
b. defeasible fee
c. fee conditional
d. estate in remainder
a. fee simple
What is the homestead exemption in Arizona?
a. $20,000
b. $50,000
c. $100,000
d. $150,000
d. $150,000
A 3.45-acre lot sells for 50 cents per square foot. What was the selling price?
a. $37,570
b. $75,141
c. $76,230
d. $78,712
b. $75,141
A blind ad refers to an ad that
a. provides no price
b. provides no address
c. gives no indication that the property is listed with a broker
d. gives no indication that the property has been sold or not
c. gives no indication that the property is listed with a broker
A borrower is required to put 10% down for the purchase of a property. The
10% down would be considered
a. equity
b. boot
c. tax shelter
d. leverage
a. equity
A broker, acting as a property manager, would be what type of agent?
a. special
Questions And All Correct Answers
2025-2026 New Update VERIFIED
Mrs. Martin owns a house on a corner lot, and tears the house down in order to
get a better price for the land. This is an example of
a. substitution
b. economic depreciation
c. highest and best use
d. contribution
c. highest and best use
On a settlement statement, rent paid in advance would be a
a. credit t the seller only
b. debit to the buyer only
c. credit to the buyer, debit to the seller
d. credit to the buyer only
c. credit to the buyer, debit to the seller
Property taxes are assessed on the
a. capital gains on the property
b. value of the property
c. amount pain for the property
d. assessment on the property
b. value of the property
Rows of townships are called
a. tiers
b. ranges
c. townhouses
d. condominiums
a. tiers
,The 1988 Amendment to the Federal Fair Housing Act prohibits discrimination
based on
a. age and sex
b. handicapped and religion
c. familial status and handicapped
d. familial status and age
c. familial status and handicapped
If a buyer of a property wants to remain anonymous, what term should be used
for that buyer's name in the purchase contract?
a. Or Nominee
b. Or Nominor
c. Or Principal
d. Or Assignor
a. Or Nominee
The doctrine of water usage in Arizona is known as
a. riparian
b. prior appropriation
c. reliction
d.littoral
b. prior appropriation
Which of the following listings would NOT be entered into a multiple listing
service?
a. pocket listing
b. entry only listing
c. limited service listing
d. full service listing
a. pocket listing
The following would be an example of what type of surveying system?
Beginning at the SE corner of Tatum andCactus, proceed 2,640 feet north,
thence 400' west, thence 700 feet south, and back to the beginning
a. rectangular survey
b. block and lot
c. metes and bounds
d. recorded plat
, c. metes and bounds
Which is the highest form of an estate?
a. fee simple
b. defeasible fee
c. fee conditional
d. estate in remainder
a. fee simple
What is the homestead exemption in Arizona?
a. $20,000
b. $50,000
c. $100,000
d. $150,000
d. $150,000
A 3.45-acre lot sells for 50 cents per square foot. What was the selling price?
a. $37,570
b. $75,141
c. $76,230
d. $78,712
b. $75,141
A blind ad refers to an ad that
a. provides no price
b. provides no address
c. gives no indication that the property is listed with a broker
d. gives no indication that the property has been sold or not
c. gives no indication that the property is listed with a broker
A borrower is required to put 10% down for the purchase of a property. The
10% down would be considered
a. equity
b. boot
c. tax shelter
d. leverage
a. equity
A broker, acting as a property manager, would be what type of agent?
a. special
