Careers Flashcards

1
Q

In AZ a real estate license will expire:

A

Last day of the month in which the license was activated every two years.

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2
Q

Brenda successfully passed her state exam on October 1, 2011, What is the last date she can apply for a sales person license without retaking the state exam?

A

September 30th 2012

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3
Q

In AZ all of the following are requirements for obtaining a real estate broker license except

A

Being at least 18 years old

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4
Q

Noah has found a house that has the features he desires but he doesn’t like the area where it is located because there are several large office buildings nearby, Noah’s concern about the property location is best described as

A

Situs

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5
Q

Matthew did not complete the 24 hours of continuing education credits within the two year renewal period Matt’s License is considered?

A

Expired

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6
Q

Crops which are annually cultivated and are considered personal property are called

A

Emblements

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7
Q

In order to use the Term “Realtor” The licensee must

A

Be a member of NAR

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8
Q

While a real estate license is in the 1 year grace period the license is considered

A

Inactive

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9
Q

Which of the following individuals is responsible for the actions of a sales associate?

A

Designated Broker

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10
Q

Jill tells her client she charges the standard community rate Jill is in violation of:

A

The Sherman Anti-Trust Laws

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11
Q

If an Agent’s license expires, the Commissioner will

A

Terminate a license that has been expired for more than one year.

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12
Q

A trade fixture is best described as:

A

personal property

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13
Q

Which of the following would most likely be considered personal property?

A

Table Lamp

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14
Q

Which of the following would be considered an improvement to the real estate?

A

Sidewalk

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15
Q

Real Property becomes personal property by

A

Severence

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16
Q

What best describes items installed on the property by the tenant and used in the tenants business

A

Trade Fixtures

17
Q

Which of the following is NOT considered personal property?

A

Fixtures

18
Q

All of the following terms are related to personal property except:

A

Situs

19
Q

What is the mission of the Az Department of Real Estate?

A

Protect the Public

20
Q

Sunnyside Drug Company Leases a retail space and installs shelving units for their business. When do these items become real property?

A

When the lease expiresq