Flashcards in Real Estate Sales Licensing - Notes & Facts for Brief Study Deck (171)
When is an Agreement for Sale used?
Between two private parties in a carryback
Active Management Area
( In relation to Water Rights )
Why are areas designated to be an AMA?
Overdraft of the underground water supply
Assured Water Supply
Water Available for 100 years. Needed for residential RE Development in an AMA
Outside of an AMA, subdivider must provide an
Adequate Water supply
A grandfathered water right that remains with the land but could be used for non-irrigation purposes is called....
A grandfathered water right that may be sold separate from the land is called
Who regulated Arizona water usage?
Department of Water Resources
Civil Rights of 1866
prohibits any type of discrimination by race
What is Redlining
limiting loans or insurance to a geographical area
What is the Fair Housing Penatly (fine for first offense)
Who administers Federal Fair Housing Law?
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
ADA First Offense Fine? All future Fines?
$55,000 for First Offense
$110,000 for all future fines.
What are the dimensions of a section? How many acres are in a section?
1 mile by 1 mile.
What are the dimensions of a township?
How many square miles?
How many sections?
6 miles square
36 sq miles.
How is the distance of townships measured?
In a span
Which direction do tiers run?
East and West
Which direction do range lines run?
North and South
What is the distance between range lines?