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ASREB Practice Exam Questions With 100% Correct Answers.
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ASREB Practice Exam Questions With 100% Correct Answers.
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ASREB Practice Exam, Sessions 1-18, Study Guide with Complete Solutions
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ASREB Practice Exam, Sessions 1-18, Study 
Guide with Complete Solutions 
ASREB - Correct Answer ️️ - 
A 3.45-acre lot sells for 50 cents per square foot. What is the selling price? 
A) $37,570 
B) $75,141 
C) $76,230 
D) $78,712 - Correct Answer ️️ -B 
3.45 acres x 43,560 = 150,282 SF 
150,282 SF x $0.50 = $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 tha...
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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 Test Question Review 2024 Questions and Answers 100% Pass
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ASREB Test Question Review 2024 
Questions and Answers 100% Pass 
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 Test with 100% Correct Solutions
- Exam (elaborations) • 32 pages • 2024
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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 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 Practice Exam Questions with 100% Correct Solutions
- Exam (elaborations) • 26 pages • 2024
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ASREB Practice Exam Questions with 
100% Correct Solutions 
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 - Correct 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 - Correct Answer ️️ -c. 
gives no indication that the property i...
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ASREB Exam Practice Questions and Answers
- Exam (elaborations) • 20 pages • 2024
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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 Exam Questions with 100% Correct Solutions
- Exam (elaborations) • 29 pages • 2024
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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 ️️ 
-...
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ASREB SCHOOL EXAM QUESTIONS AND ANSWERS 100% PASS
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ASREB SCHOOL EXAM QUESTIONS AND 
ANSWERS 100% PASS 
When a tenant moves out of a rental unit due to an electrical fire that was not their fault 
this would be called? 
Constructive eviction 
A property manager is considered what type of agent? 
General agent 
If a dwelling is damaged or destroyed by fire how many days must the tenant give the 
landlord to terminate the rental agreement? 
14 
A real estate broker is normally what type of agent? 
Special 
A broker's duty to a third party would be...
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ASREB Practice Exam, Sessions 1-18, Study Guide Questions and Answered 2024
- Exam (elaborations) • 52 pages • 2024
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ASREB Practice Exam, Sessions 1-18, Study Guide 
Questions and Answered 2024
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