Arizona Real Estate License Basic Questions 3

Question 1

What term describes ownership of land plus everything permanently attached to it?

Accepted Answer

Real property

Answer

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:

Accepted Answer

Permanently attached to real property

Answer

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?

Accepted Answer

Joint tenancy

Answer

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?

Accepted Answer

Community property

Answer

Arizona is a community property state, so most property acquired during marriage is jointly owned.

Question 5

What is an encumbrance on a property?

Accepted Answer

A claim or liability that affects the title

Answer

An encumbrance is a claim, lien, or liability that burdens or affects the title to property.

Arizona Real Estate License Practice Test