Arizona Real Estate License Arizona Real Estate License Property Interests and Ownership Questions and Answers 2

Question 1

In Arizona, which type of estate automatically transfers to a surviving spouse upon the death of the other spouse without probate?

Accepted Answer

Community property with right of survivorship

Answer

Community property with right of survivorship passes directly to the surviving spouse outside of probate in Arizona.

Question 2

Which of the following best describes a fee simple defeasible estate in Arizona real property?

Accepted Answer

Ownership that can be lost if a specified condition is violated

Answer

A fee simple defeasible estate grants full ownership that may revert to the grantor or a third party if a stated condition occurs.

Question 3

Under Arizona law, what distinguishes joint tenancy from tenancy in common?

Accepted Answer

Joint tenancy includes right of survivorship while tenancy in common does not

Answer

The key distinction is that joint tenancy carries a right of survivorship, meaning a deceased tenant's share passes to the surviving joint tenants.

Question 4

A property owner in Arizona grants a life estate to their mother. Who holds the future interest after the life tenant's death?

Accepted Answer

The remainderman or the original grantor through reversion

Answer

After a life estate ends, ownership passes either to a named remainderman or reverts back to the grantor or the grantor's heirs.

Question 5

Which of the following is TRUE about community property in Arizona?

Accepted Answer

Property acquired during marriage is presumed to be community property regardless of whose name is on the title

Answer

Arizona is a community property state where property acquired during marriage is presumed community property regardless of how title is held.

Arizona Real Estate License Practice Test