ARIZONA SCHOOL OF REAL ESTATE AND
BUSINESS EXAM SCRIPT 2026 COMPLETE
QUESTIONS WITH CORRECT ANSWERS
⩥ The annual gross multiplier is calculated by. Answer: Dividing the
price paid by the annual gross income
⩥ A Real Estate broker is normally what type of agent. Answer: Special
Agent
⩥ Who does a salesperson represent. Answer: Employing Broker
⩥ A salespersons right to compensation is based on. Answer: Having a
valid license
⩥ What is not required for a listing contract to be valid. Answer:
Commission Rate
⩥ When does a salesperson have a listing. Answer: When the listing is
signed
⩥ The law that governs the duty between the Agent and the principle is
called. Answer: Law of Agency
,⩥ What is the relationship of the licensee to the broker. Answer: General
Agent
⩥ A Salesperson represents a seller in a real estate matter. This agency is
called. Answer: General
⩥ Which of the followung is not required to appear on a listing
areement. Answer: Construction Cost
⩥ Which of the following types of listings would be considered more
unilateral than bilateral. Answer: Open
⩥ When would a plat map be used?. Answer: Subdivisions
⩥ Under an Exclusive Agency listing. Answer: The seller will not pay a
commission if the seller sells the property himself
⩥ What is the process of giving someone the right to sign your name.
Answer: Power of Attorney
⩥ A salesperson may enter into a dual agency provided this is. Answer:
Disclosed to the buyer and seller in writing
,⩥ A broker relationship to a seller would most likely be. Answer:
Special
⩥ A person wants to buy a property in the future, but also wants the right
to reject the offer. This is called. Answer: First right of refusal
⩥ A broker has a listing and the seller doesnt want the broker to disclose
to the buyer that the seller is going through a divorce. what shouldthe
broker do. Answer: Keep the information confidential
⩥ The key factor of an exclusive right to sell listing is. Answer: Broker
is paid no matter who sells the property
⩥ Seller hires a broker; the broker makes decisions for the seller without
notifying the seller. The broker is acting in which of the following
agency. Answer: Ostensible
⩥ An agent receives 2 offers on a listing one after another. How do you
present the offers to the seller. Answer: Present both offers at the same
time
⩥ Which of the following is an example of a unilateral contract. Answer:
Reward Poster
⩥ The person making a counter offer is called the. Answer: Offeror
, ⩥ A contract has been signed but title has not been passed, this is called.
Answer: Exectory
⩥ Which of the following structures would not use the cost approach.
Answer: Used Residential
⩥ When using the market data approach, what would you least likely use
as a comparison when appraising a 3 bed, 2 bath with 2 car garage.
Answer: Foreclosure Sale
⩥ When calculating net operating income you would take into account
all the following items EXCEPT. Answer: Cap Rate
⩥ If the car rate on a property is 10% and the income property has
40units renting at $900 per month what would be the value if the
expenses are $40,000 per year and the vacancy factor is 5%. Answer:
$3,704,000
⩥ A rate of return would be related to which of the following. Answer:
Cap Rate
⩥ In order to establish effective gross income, one would subtract which
of the following items from scheduled gross income. Answer: Vacancy
and loss of credit
BUSINESS EXAM SCRIPT 2026 COMPLETE
QUESTIONS WITH CORRECT ANSWERS
⩥ The annual gross multiplier is calculated by. Answer: Dividing the
price paid by the annual gross income
⩥ A Real Estate broker is normally what type of agent. Answer: Special
Agent
⩥ Who does a salesperson represent. Answer: Employing Broker
⩥ A salespersons right to compensation is based on. Answer: Having a
valid license
⩥ What is not required for a listing contract to be valid. Answer:
Commission Rate
⩥ When does a salesperson have a listing. Answer: When the listing is
signed
⩥ The law that governs the duty between the Agent and the principle is
called. Answer: Law of Agency
,⩥ What is the relationship of the licensee to the broker. Answer: General
Agent
⩥ A Salesperson represents a seller in a real estate matter. This agency is
called. Answer: General
⩥ Which of the followung is not required to appear on a listing
areement. Answer: Construction Cost
⩥ Which of the following types of listings would be considered more
unilateral than bilateral. Answer: Open
⩥ When would a plat map be used?. Answer: Subdivisions
⩥ Under an Exclusive Agency listing. Answer: The seller will not pay a
commission if the seller sells the property himself
⩥ What is the process of giving someone the right to sign your name.
Answer: Power of Attorney
⩥ A salesperson may enter into a dual agency provided this is. Answer:
Disclosed to the buyer and seller in writing
,⩥ A broker relationship to a seller would most likely be. Answer:
Special
⩥ A person wants to buy a property in the future, but also wants the right
to reject the offer. This is called. Answer: First right of refusal
⩥ A broker has a listing and the seller doesnt want the broker to disclose
to the buyer that the seller is going through a divorce. what shouldthe
broker do. Answer: Keep the information confidential
⩥ The key factor of an exclusive right to sell listing is. Answer: Broker
is paid no matter who sells the property
⩥ Seller hires a broker; the broker makes decisions for the seller without
notifying the seller. The broker is acting in which of the following
agency. Answer: Ostensible
⩥ An agent receives 2 offers on a listing one after another. How do you
present the offers to the seller. Answer: Present both offers at the same
time
⩥ Which of the following is an example of a unilateral contract. Answer:
Reward Poster
⩥ The person making a counter offer is called the. Answer: Offeror
, ⩥ A contract has been signed but title has not been passed, this is called.
Answer: Exectory
⩥ Which of the following structures would not use the cost approach.
Answer: Used Residential
⩥ When using the market data approach, what would you least likely use
as a comparison when appraising a 3 bed, 2 bath with 2 car garage.
Answer: Foreclosure Sale
⩥ When calculating net operating income you would take into account
all the following items EXCEPT. Answer: Cap Rate
⩥ If the car rate on a property is 10% and the income property has
40units renting at $900 per month what would be the value if the
expenses are $40,000 per year and the vacancy factor is 5%. Answer:
$3,704,000
⩥ A rate of return would be related to which of the following. Answer:
Cap Rate
⩥ In order to establish effective gross income, one would subtract which
of the following items from scheduled gross income. Answer: Vacancy
and loss of credit
