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A-9 Arizona Real Estate Self Study & National Exam Practice Test

Terms in this set (53)

A landlord may inspect a rental unit if?
2 day notice is given
When he broke or receives rental monies, the broker is to deposit the money is in?
Brokers trust account
All of the following are true regarding a property management agreement except
Either party may cancel according to the terms of the agreement
All of the following disclosures are required to be given to a tenant before move-in except?
A list of all service companies the tenant can call for repairs
Which of the following is true with respect to tenants who first occupy a rental unit?
Tenant is to receive a copy of a move-in form specifying any existing damages
If a tenant is involved in a legal activity on the premises the landlord may deliver a notice to the tenant to terminate the lease in?
Immediately
Under the Arizona WinWord tenant act the landlord of a multi family dwelling is responsible for which of the following?
Providing educational materials to the tenant regarding bedbugs
A property owner may refuse to rent to a prospective tenant under which of the following conditions?
Tenant is a convicted drug user
If appropriate legal procedures have been followed, the tenant may terminate the lease early for?
Domestic violence
Which of the following is false? The landlord must...
Implement a crime free addendum
The consumer may get a copy of the Arizona residential landlord tenant act at the?
Arizona department of housing
Which of the following best defines the landlords eviction of the tenant?
Actual evection
Landlord Larry held tenant Terry's security deposit for $2000 for six months prior to returning it. Terry may sue Larry for?
Double damages plus the return of the security deposit
What is a trust account?
A checking account holding other peoples money
A finders fee is best described as?
The credit to a residential tenant
Who owns the security deposit during the term of the lease?
The tenant
A property managing broker must make deposits to the trust account...
Within 3 banking days
How much money is the brokers trust account may actually be the brokers own money?
$3000
From the leasees perspective, the lease document would be considered?
Personal property
Which of the following would not automatically terminate a lease?
Death of the lessor
If a unit in a multi family apartment complex is found to have bedbugs, which of the following is not true?
A tenant can sue a landlord for damage caused by another units bedbug infestation
A sublease...
Makes the original Lessee a Lessor
In a lease situation, A leases to B and B leases to C. Who is responsible for the rent?
B to A
The broker is required buyers law to reconcile his or her trust account?
Once a month
An assignment of lease form perform what function?
Conveys the leasehold to the buyer
If the trust account is interest-bearing, then the interest must be cleared...
Once a year
Who may not sign a broker property management trust account?
The brokers client
Who owns the security deposit during the term of the lease?
The tenant
If money is actually missing from the brokers trust account, this is most closely associated with?
Conversion
Which of the following is true? The Arizona Department of real estate...
Audits brokers trust accounts
If the tenant converts the apartment to a methampetamine laboratory...
The landlord may evict if a crime free addendum in the lease
A property manager owes his or her fiduciary duty's to the?
Building owner
A real estate activity involving the management by written agreement of an individual's rental properties for compensation is known as?
Property management
A condominium in a cooperative would be the same in that?
Both pay annual assessments
A buyer of a residential unit receive stock as a form of ownership. This is described as?
Cooperative
If a lease is week to week how much notice is required to terminate the lease?
10 days
A landlord or tenant may terminate a month-to-month lease by written notice within _____ days?
30 days
If a dwelling is damaged or destroyed by fire how many days must attending give the landlord to terminate the rental agreement?
14 days
If a tenant abandoned the property and leaves personal property behind how long does the landlord hold the tenants property?
10 days
According to the Arizona landlord tenant act once a lease terminates and demands the return of the security deposit the landlord must return the security deposit and give full accounting in how many days?
14 business days
The legal right of a landlord to seize the tenants belongings for rents in arrears is called?
Distraint
When he tenant does not pay the monthly rent, the WinWord first step would be to?
Send a five day notice for nonpayment of rent
If the landlord fails to deliver possession of the unit to the tenant, which of the following actions could the tenant elect to exercise?
After 5 days the tenant could terminate the lease
A landlord is obligated to account for the tenants security deposit within?
14 days of lease termination and demand
When a person buys a timeshare, their right to rescind is?
7 calendar days
A property manager is considered what type of agent?
General agent
When a tenant causes a material breach in the lease the owner may issue a formal notice that states question
Lease will terminate in 10 days if the matter is not corrected within 10 days
Which is a violation of the residential landlord tenant act?
Asking first and last month's rent plus 1 1/2 months rent as security deposit without tenants approval
What type of ownership that is considered a long term lease is best described?
Cooperative
When a tenant moves out of a rental unit due to an electrical fire that was not the tenants fault this would be called?
Constructive eviction
When a property manager repairs a malfunctioning pool pump, this type of maintenance is called?
Corrective
The maximum mount of money a residential tenant may deduct from the rent for self help to defects would be?
One-half months rent or $300, which ever is greater
How does a condominium differ from a townhouse?
The condominium is cubage only
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