Real Estate Pearson Vue Flashcards

Real Estate Pearson Vue Flashcards What is FIRPTA?Used for foreign persons A zoning ordinance that promotes well being in a community that has to have a mix of commercial, residential, parks, social and schools When is a Subdivision disclosure report not required?Start and end pointLot and block Must be in writing, must have a start and end point, any monies received must be placed into a trust account, must be a licensed real estate agent Arizona has a The subdivision is endorsed by the commissioner, the risk of loss is impossible What is the recission period for unimproved land?Which leases are used for commercial buildings? Net leases Graduated leaseTenants have the right to cover up to how much if a court finds a lessor in breach of contract?20 daysWho pays money out of the recovery fund?At any given timeWho uses the public reports?ADWRWhat must any new developers provide?

• days for inspected and 6 months for not inspectedWhat is a lease where rent increases at a predetermined

time?Non judicial foreclosure processDeeds of trust have a A lot split of 5 or fewerWhen advertising for a subdivision, what must not be implied?An assured water supplyMetes and bounds 90 day reinstatement periodWhen does the owner has the option to give up rights and possession to the babk 24 square miles divided into 16 townships Rules for condos are established by NoThe commissioner can investigate a licensee, broker or entity

• times the amountProperty management contracts

To protect the general publicIs a public report required for unsubdivided land?By laws and landlord tenant actWhat is a planned unit development?If an agent does not renew their license on time, they enter into a Grace period What loans can fluctuate and are not locked? How long does a licensee have to file a written response to the commissioner ADREWhat is the government rectangular survey?Uses two sets of lines, baselines and principal meridiansWhat is a government check?In a deed in lieuWhat is the 1980 groundwater code implemented by?The commissionerWhat is the purpose of the public report?