Arizona Real Estate License Practice Exam

ARIZONA REAL ESTATE

LICENSE PRACTICE EXAM

Question 1: What is the primary characteristic of real property that distinguishes it from personal property?

Choices:

1) Mobility 2) Immobility 3) Scarcity 4) Value

Correct Answer: Immobility

Explanation: Real property is generally immobile, meaning the geographic location of a parcel of land can never be changed.Page 1

Question 2: Which of the following is considered a �xture?

Choices:

1) A ceiling fan installed by the homeowner 2) A lawnmower in the garage 3) A throw rug in the living room 4) A freestanding refrigerator

Correct Answer: A ceiling fan installed by the homeowner

Explanation: A �xture is personal property that has been permanently attached to real estate, making it real property.Question 3: Which term describes the economic characteristic of real estate that refers to the long-term nature of improvements?

Choices:

1) Situs 2) Permanence of investment 3) Immobility 4) Scarcity

Correct Answer: Permanence of investment

Explanation: Permanence of investment (�xity) refers to the fact that real estate investments are long-term and relatively illiquid.Page 2

Question 4: Water rights granted to owners of land along the course of a river or

stream are called:

Choices:

1) Littoral rights 2) Prior appropriation 3) Riparian rights 4) Avulsion

Correct Answer: Riparian rights

Explanation: Riparian rights belong to owners of land bordering a �owing body of water like a river or stream.Question 5: The sudden removal of soil by an act of nature is called:

Choices:

1) Erosion 2) Accretion 3) Avulsion 4) Alluvion

Correct Answer: Avulsion

Explanation: Avulsion is the sudden tearing away of land by water, earthquake, or other natural forces.Page 3