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20 Cards in this Set
- Front
- Back
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A person who buys undeveloped acreage, divides it into 10 five acre lots, and sells Lots is called a? |
Subdivider |
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The creation of eight equally-sized Parcels from a 320 acre parcel would be regulated as? |
Unsubdivided land |
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A subdivision can be restricted by a developer in the deed restriction for all of the following reasons, except? |
Zoning changes |
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Land divided into six or more Parcels of less than 36 Acres each is called? |
A subdivision |
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An owner of a condominium Apartment holds? |
A fee simple title |
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The rights of occupancy of owners in a Cooperative are based on? |
A proprietary lease |
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In terms of real estate ownership, time sharing is best described as? |
Joint ownership of a property with the right to the exclusive use for a specified period. |
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When must the buyer receive a copy of the Commissioners public report? |
Prior to signing the contract. |
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Unsubdivided land is best defined as six or more parcels? |
36 Acres but less than 160. |
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Which of the following statements is not true concerning a membership camping purchaser? |
Has a real property interest. |
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Which would not appear on a public report? |
Market value |
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The commissioner may deny a public report for all of the reasons, except? |
The owner cannot produce perfect title. |
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The only thing a subdivider can accept before receiving the commissioner's property report is? |
Lot reservations |
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All of the following can be used in a developers public report advertisement, except? |
Claims that the public report is an endorsement of the project. |
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Time sharing is associated with which of the following? |
Condominiums |
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All of the following statements about a unit in a condominium building are true, except? |
It is part of the common elements of the condominium. |
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Which requires unit owners to be stockholders in the corporation that owns the building? |
A cooperative |
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One's ownership interest in a condominium is distinguishable from other types of real estate by? |
An undivided interest in the common area. |
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An "improved lot"for Arizona revised statutes is defined as which of the following? |
A lot on which a structure will be built within two years from the date of the contract. |
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How long does the buyer have the right to void the contract for the purchase of subdivided land if the buyer did no receive a CPR prior to the signing? |
3 years |
