Arizona Real Estate License Basic Questions 3 — Questions and Answers
Question 1: What term describes ownership of land plus everything permanently attached to it?
- Personal property
- Real property (Correct answer)
- Chattel
- Leasehold
Correct answer: Real property
Real property includes land and everything permanently attached to it.
Question 2: A fixture is best described as an item that was once personal property but is now:
- Sold separately
- Permanently attached to real property (Correct answer)
- Owned by the tenant
- Exempt from sale
Correct answer: Permanently attached to real property
A fixture is personal property that has become attached to real property and is treated as part of it.
Question 3: Which type of ownership includes the right of survivorship?
- Tenancy in common
- Joint tenancy (Correct answer)
- Severalty
- Community property without survivorship
Correct answer: Joint tenancy
Joint tenancy carries the right of survivorship, passing a deceased owner's share to surviving owners.
Question 4: Arizona is which type of property state for married couples?
- Common law property
- Community property (Correct answer)
- Dower and curtesy
- Homestead-only
Correct answer: Community property
Arizona is a community property state, so most property acquired during marriage is jointly owned.
Question 5: What is an encumbrance on a property?
- A claim or liability that affects the title (Correct answer)
- A type of deed
- A closing cost
- A buyer's deposit
Correct answer: A claim or liability that affects the title
An encumbrance is a claim, lien, or liability that burdens or affects the title to property.
Question 6: Which of the following is a form of involuntary lien?
- Mortgage
- Property tax lien (Correct answer)
- Deed of trust
- Home equity loan
Correct answer: Property tax lien
A property tax lien is placed involuntarily by the government for unpaid taxes.
Question 7: The bundle of rights in real property includes the right to do all EXCEPT:
- Possess the property
- Use the property
- Exclude others
- Violate zoning laws (Correct answer)
Correct answer: Violate zoning laws
The bundle of rights does not permit an owner to violate lawful zoning or government restrictions.
Arizona Real Estate License Basic Questions 3
What term describes ownership of land plus everything permanently attached to it?