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ASREB Practice Exam Questions With 100% Correct Answers.
- Tentamen (uitwerkingen) • 14 pagina's • 2023
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ASREB Practice Exam Questions With 100% Correct Answers.
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ASREB Practice Exam Questions and Answers with complete solution
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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 - Answer-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 - Answer-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 propert...
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ASREB Test Questions and Answers with complete solution
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A borrower is required to put 10% down for the purchase of a property. The 10% down would be 
considered... - Answer-Equity 
A broker, acting as a property manager, would be considered what type of agent? - Answer-General 
A contract has been signed, but title has not yet been passed. The contract is... - Answer-Executory 
A house cost $100,000. The buyer is making a down payment of 32,000 and getting a $68,000 loan. If 
there are 4 points, how much money will be paid out of the closing for poin...
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ASREB - 90 Hour Review Exam All Possible Questions and Answers with complete solution
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* Arizona Property Taxes and Assessments (Delinquent) - ● Penalty for delinquency 16% and tax 
lien 
● Purchaser of tax liens gets a certificate of purchase 
● May foreclose in 3yrs if taxes are not paid by the property owner. 
* Arizona Property Taxes - ● Charged "ad valorem" (A Latin phrase meaning "according to value"; 
used to refer to taxes assessed on the value of property) or assessed value 
● Levied once (Jan. 1st) and paid twice a year 
● Oh No More Money (Oct, Nov, Mar,...
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ASREB Exam Questions and Answers with complete solution
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Salesperson is working for a principal, but the salesperson exceeds authority in agreement. Principal 
does nothing to correct the actions, and the public is led to believe the actions were okay. Agency? - 
Answer-Estoppel 
Amount stated in a purchase contract in case the buyer breaches is called: - Answer-Liquidated 
In a sublease with a positive leasehold who benefits from excess rent? - Answer-Sub-lessor 
Property taxes are 1,525. 1st half paid by seller closes November 2nd - Answer-512.57 De...
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ASREB Bundled Exams Questions and Answers 100% Verified and Updated | Graded A
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ASREB Bundled Exams Questions and Answers 100% Verified and Updated | Graded A
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ASREB Test with 100% Correct Solutions
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ASREB Test with 100% Correct Solutions 
A borrower is required to put 10% down for the purchase of a property. The 10% down 
would be considered... - Correct Answer ️️ -Equity 
A broker, acting as a property manager, would be considered what type of agent? - 
Correct Answer ️️ -General 
A contract has been signed, but title has not yet been passed. The contract is... - 
Correct Answer ️️ -Executory 
A house cost $100,000. The buyer is making a down payment of 32,000 and getting a 
$6...
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ASREB Exam Practice Questions and Answers
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ASREB Exam Practice Questions and Answers 
types of loans - Correct Answer ️️ -FHA loan, Conventional loan, VA loan 
FHA loan - Correct Answer ️️ -MIP (Mortgage Insurance Premium) 
Two types (Upfront and Monthly) 
Conventional loan - Correct Answer ️️ -PMI (Private Mortgage Insurance) 
Drops off automatically at 78% loan to value (LTV) 
Ask for removal at 80% loan to value 
VA Loan - Correct Answer ️️ -Funding Fee based on value 
USDA loan - Correct Answer ️️ -loan is zero do...
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ASREB PracTEST 100% Correct Solved
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ASREB PracTEST 100% Correct Solved 
Who does a salesperson represent? 
A. Client 
B. Customer 
C. Employing Broker 
D. Co-operating Broker - Correct Answer ️️ -Employing broker 
when must licensee report criminal conviction - Correct Answer ️️ -10 days 
licensed mortgage loan originators are registered through - Correct Answer ️️ -Nation 
Wide Mortgage Licensing System 
a clause in real estate transactions allows adjustments of payments up or down - 
Correct Answer ️️ -escalation...
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ASREB Test Question Review 2024 Questions and Answers Graded A+
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ASREB Test Question Review 2024 
Questions and Answers Graded A+ 
Within the Arizona Groundwater Code all of the following rights were created EXCEPT? 
- Correct Answer ️️ -Subdivision grandfather right 
What is required to give someone the right to sign your name? - Correct Answer ️️ - 
Power of Attorney 
The buyer has an investment that has a feature of "a pass through certificate" this 
investment is most likely a: - Correct Answer ️️ -Ginnie Mae Security 
When an occupant holds...
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ASREB Exam Questions with 100% Correct Solutions
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ASREB Exam Questions with 100% Correct Solutions 
Salesperson is working for a principal, but the salesperson exceeds authority in 
agreement. Principal does nothing to correct the actions, and the public is led to believe 
the actions were okay. Agency? - Correct Answer ️️ -Estoppel 
Amount stated in a purchase contract in case the buyer breaches is called: - Correct 
Answer ️️ -Liquidated 
In a sublease with a positive leasehold who benefits from excess rent? - Correct Answer ️️ 
-...