Arizona Real Estate Fundamentals: Salesperson (PRACTICE EXAM) Questions And Answers Latest, Exams of Real Estate Management

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Salesperson (PRACTICE EXAM)

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All of the following items would have bearing on whether an item is considered personal property EXCEPT: A. damage from removing the item from the property B. the manner of attachment C. any agreement between buyer and seller concerning the item D. the cost of the item - - - correct answer ✅D. The cost of the item. In the sale of commercial property, which of the following documents would be used to transfer shelves, counters, and other personal property? A. Chattel real B. Bill of sale C. Security agreement D. Mortgage - - - correct answer ✅B. Bill of sale

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The right to light and air accompanied by the transfer of title ownership to the land is called a(an): A. fixture B. restriction C. appurtenance D. easement - - - correct answer ✅C. Appurtenance The right of a tenant farmer to harvest crops after the lease has expired is known as: A. emblements B. appurtenances C. easements D. fructus naturales - - - correct answer ✅A. Emblements

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The process of acquiring land for public use from an unwilling owner with compensation paid is called: A. eminent domain B. condemnation C. confiscation D. adverse possession - - - correct answer ✅B. Condemnation An ordinance requires sufficient parking spaces in shopping centers. The city has the right to enforce the ordinance through: A. escheat B. police power C. eminent domain D. deed restrictions - - - correct answer ✅B. Police Power

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M passes away without leaving a will. If after a lengthy search no heirs are found, the: A. estate would be given to charity B. administrator would inherit the estate C. estate would escheat to the State D. executor would inherit the estate - - - correct answer ✅C. Estate would escheat to the State Authorization for zoning comes from the: A. U.S. Constitution B. police power C. Statute of Frauds D. Real Estate Commissioner - - - correct answer ✅B. Police power If the city or state wishes to take property with just compensation, it may acquire title by action based on:

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A. attachment proceedings B. right of eminent domain C. adverse possession D. police power - - - correct answer ✅B. Right of eminent domain Which of the following does NOT fall under police power? A. Health department and fire department regulations B. Licensing of real estate agents C. Zoning ordinances D. Taking land for schools - - - correct answer ✅D. Taking land for the schools Which of the following is NOT included in the concept of the power of eminent domain?

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A. Right of government to take property from the owner for the public good B. An exercise of police power C. Just compensation at fair market value D. Condemnation proceedings - - - correct answer ✅B. An Exercise of police power In Arizona, once an Affidavit of Affixture has been recorded, the mobile home is taxed as: A. income property B. personal property C. real property D. vacant land - - - correct answer ✅C. Real property A notice of pending condemnation delivered to a property owner at least 20 days prior to the condemnation action must include all of the following EXCEPT a(an):

Salesperson (PRACTICE EXAM)

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A. written offer to purchase the property B. amount of just compensation offered C. appraisal showing reasonable comparable properties D. escrow closing statement - - - correct answer ✅D. Escrow closing statement A dedication is best defined as: A. the state taking land by adverse possession B. the state acquiring land from a person who died intestate C. the city acquiring a road right-of-way under eminent domain D. a developer or individual giving property to the state - - - correct answer ✅D. A developer or individual giving property to the state What is required at the time an Affidavit of Affixture is recorded? A. The mobile home must have skirts installed

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B. The title to the mobile home must be surrendered C. The county assessor must inspect the property D. The mobile home must be owner-occupied - - - correct answer ✅B. the title to the mobile home must be surrendered A mobile home that is sited on a rented space in a mobile home park: A. may not be listed by a real estate licensee B. may not be larger than a doublewide C. may be listed but not sold by a real estate licensee D. may be listed and sold by a real estate licensee - - - correct answer ✅D. May be listed and sold by a real estate licensee Real estate licensees may perform all of the following EXCEPT: A. represent manufactured home dealers B. represent private parties in the sale of a mobile home on a rented space

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C. list and/or sell new or used mobile homes D. represent lenders placing loans on manufactured homes - - - correct answer ✅D. Represent lenders placing loans on manufactured homes A buyer's agent is showing a property. During negotiations, the seller agrees to include a washer and dryer in the purchase price. The buyer's agent should: A. not include it in the agreement because it was a verbal agreement between the buyer and seller B. specify it in the contract because it is personal property C. specify it in the contract because it is real property D. include it in the contract because it is a fixture - - - correct answer ✅B. Specify it in the contract because it is personal property How long after the sale of an escheated property does a person who appears as an heir have to claim the proceeds from the sale?

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A. 1 year B. 3 years C. 5 years D. 7 years - - - correct answer ✅D. 7 years Which of the following would be considered personal property? A. Tree B. Bathtub C. Window blinds D. Harvested crops - - - correct answer ✅B. Harvested crops Which of the following is personal property? A. Appurtenances B. Fixtures C. Trade fixtures

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D. Shrubbery - - - correct answer ✅C. Trade fixtures Shelving and counters are securely fastened in a leased retail store. Such items are: A. realty B. fixtures C. trade fixtures D. none of these - - - correct answer ✅C. Trade fixtures Patents, trademarks, copyrights, and royalties are an example of: A. corporeal realty B. tangible personalty C. incorporeal realty D. intangible personalty - - - correct answer ✅D. Intangible personalty

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Which of the following is NOT properly included in the concept of the power of eminent domain? A. The right of government to confiscate personal property from the owner B. An inherent power of government C. Just compensation at fair market value D. Taking property through legal procedures - - - correct answer ✅A. The right of government to confiscate personal property from the owner Which is NOT an appurtenance and, therefore, does NOT transfer to the new owner with a standard warranty deed? A. Trade fixtures B. Trees C. Shrubs D. Custom window blinds - - - correct answer ✅A. Trade fixtures

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Which of the following would LEAST LIKELY be a lawful use for taking homes through the power of eminent domain? A. Light rail train in Tempe B. Public K-12 school C. Shopping center D. Future freeway overpass - - - correct answer ✅C. Shopping center A hot tub installed on a residential property is considered to be a(an): A. appurtenance B. personal property C. trade fixture D. emblement - - - correct answer ✅A. Appurtenance

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An area of land set off by municipal authorities for a specific use is called a: A. public improvement B. subdivision C. zone D. territory - - - correct answer ✅C. Zone Which of the following situations BEST illustrates a zoning variance? A. Creating a political zone B. Granting permission to build an improvement contrary to the existing zoning C. A use in violation of present zoning laws but permitted because the use was in effect prior to the current zoning D. A grandfathered use - - - correct answer ✅B. Granting permission to build an improvement contrary to the existing zoning

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The distance that zoning regulations require between the lot line and the building line is called: A. the setback B. the buffer zone C. the easement D. front footage - - - correct answer ✅A. the setback Front footage is the: A. area of a tract of land B. width of a parcel along the street C. depth of a parcel from the front to the rear D. perimeter of a parcel of land - - - correct answer ✅B. width of a parcel along the street In order to obtain a variance, the owner must demonstrate that:

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A. the current zoning adversely affects the propertys value B. the existing zoning imposes an undue hardship on the property C. adjacent property owners have already received similar variances D. nonconforming uses exist in the neighborhood - - - correct answer ✅B. the existing zoning imposes an undue hardship on the property If a property is required to have a space between it and a nearby wetland, the space is a: A. setback zone B. buffer zone C. deed restriction D. brownfield - - - correct answer ✅B. buffer zone A long-range government program that regulates use and development of property is a:

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A. master planned community B. common area C. general plan D. conservation easement - - - correct answer ✅C. general plan A large scale residential development that may include amenities such as parks, lakes, golf courses and bicycle paths is a: A. master planned community B. general plan C. townhouse development D. natural area open space - - - correct answer ✅A. master planned community An area or easement that restricts use and preserves the land in an undeveloped state is a: A. view easement

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B. natural area open space C. master planned area D. condominium - - - correct answer ✅B. natural area open space When planning construction to determine if utilities are underground, contact: A. Arizona Department of Real Estate B. Arizona 911 C. Arizona 811 D. Arizona power and sewer - - - correct answer ✅C. Arizona 811 After buying a house, the buyer discovers that the eaves of the roof are two feet from the property line and the law requires a five-foot setback. The best solution for the owner would be to: A. file a claim under their homeowner's insurance for damages B. apply for a variance in the zoning law C. negotiate with the adjacent owner to change the property line

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D. sell the property without disclosing this condition - - - correct answer ✅B. apply for a variance in the zoning law A drawing of proposed improvements to a parcel showing the building footprint, parking, drainage sewer, water and utility lines is a: A. site plan B. setback C. building envelope D. survey - - - correct answer ✅A. site plan

13. Which of the following activities would require neighborhood notification? A. Request for variance B. Easement by prescription C. City maintenance

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D. City tax collection - - - correct answer ✅A. Request for variance An apartment building is located in an area that is rezoned industrial. The property owner: A. can maintain the property as an apartment building as long as it doesn't expand B. must close down the apartment building C. must apply for a variance D. must rezone the property - - - correct answer ✅A. can maintain the property as an apartment building as long as it doesn't expand A one-half acre parcel is 75 feet wide. How deep is the parcel? A. 290 feet B. 311 feet C. 580 feet

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D. 325 feet - - - correct answer ✅A. 290 feet An acre of land is divided into three equal rectangular lots, each with a depth of 191 feet. What is the frontage of each lot? A. 76 feet B. 78 feet C. 90 feet D. 92 feet - - - correct answer ✅A. 76 feet The height of a triangular parcel is 800 feet and the base is 450 feet. If the price per square foot is $.935, what is the cost of the parcel? A. $168,300 B. $180,000 C. $336,600

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D. $360,000 - - -

correct answer ✅A. $168,300 How many acres is a parcel measuring 400 front feet with a depth of 200 yards? A. 1.84 acres B. 5.51 acres C. 8 acres D. 8,000 acres - - - correct answer ✅B. 5.51 acres What is the square footage of a two-story building that measures 10' x 10' and is 8' high? A. 1,600 sq. ft. B. 800 sq. ft. C. 200 sq. ft. D. 100 sq. ft. - - - correct answer ✅C. 200 sq. ft.

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Who must provide the buyer with the homeowners' association rules for a complex having more than 50 units? A. Seller B. Association C. Escrow D. Broker - - - correct answer ✅B. Association Prior to receiving a building permit, plans are submitted to the government in order to make sure the building: A. does not conflict with any neighboring zoning B. is not more than two stories high C. is compatible with neighboring buildings D. is in compliance with building code and zoning regulations - - - correct answer ✅D. is in compliance with building code and zoning regulations

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Use the illustration to answer the following question. How much would the buyer pay per square foot if the total selling price is $30,000? A. $4.00 B. $4.62 C. $6.00 D. $6.67 - - - correct answer ✅B. $4.62 Explanation: Find areas of rectangle and triangle and add the results: Area rectangle = L x W = 50 feet x 100 feet Area rectangle = 5,000 sq. feet Find the base of triangle: B = 80 feet - 50 feet B = 30 feet Area triangle = ½ B x H

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= .5 x 30 ft. x 100 ft. Area triangle = 1,500 sq. feet Total = 5,000 sq. ft. + 1,500 sq. ft. Total = 6,500 sq. feet Cost/sq. ft. = $30,000 ÷ 6,500 sq. ft. Cost/sq. ft. = $4.62 What is the maximum number of 50 x 100 foot lots that could be obtained from a one-acre parcel after setting aside 10% for streets and alleys? A. 7 B. 8 C. 8.7 D. 9 - - - correct answer ✅A. 7 Explanation: Convert acres to sq. feet, and find sq. feet available for lots: