Real Estate Sales Licensing - Notes & Facts for Brief Study Flashcards Preview

AZ Real Estate (ASREB) 5/2017 > Real Estate Sales Licensing - Notes & Facts for Brief Study > Flashcards

Flashcards in Real Estate Sales Licensing - Notes & Facts for Brief Study Deck (171)
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151

When is an Agreement for Sale used?

Between two private parties in a carryback

152

AMA

Active Management Area
( In relation to Water Rights )

153

Why are areas designated to be an AMA?

Overdraft of the underground water supply

154

Assured Water Supply

Water Available for 100 years. Needed for residential RE Development in an AMA

155

Outside of an AMA, subdivider must provide an

Adequate Water supply

156

A grandfathered water right that remains with the land but could be used for non-irrigation purposes is called....

Type 1

157

A grandfathered water right that may be sold separate from the land is called

Type II

158

Who regulated Arizona water usage?

Department of Water Resources

159

Civil Rights of 1866

prohibits any type of discrimination by race

160

What is Redlining

limiting loans or insurance to a geographical area

161

What is the Fair Housing Penatly (fine for first offense)

$16,000

162

Who administers Federal Fair Housing Law?

HUD

163

ADA Title I

Requires employers to make reasonable accommodations that enable person with disability to perform a job.

Applies to employer with 15 or more employees

164

ADA First Offense Fine? All future Fines?

$55,000 for First Offense
$110,000 for all future fines.

165

What are the dimensions of a section? How many acres are in a section?

1 mile by 1 mile.
640 acres.

166

What are the dimensions of a township?
How many square miles?
How many sections?

6 miles square
36 sq miles.
36 sections

167

How is the distance of townships measured?

In a span

168

Which direction do tiers run?

East and West

169

Which direction do range lines run?

North and South

170

What is the distance between range lines?

6 miles

171

How many sq rods are in an acre

160