ASREB State Test B- Exam Questions with Detailed Verified Answers (latest
2026|2027 updates) Already Graded A+ | Licensing, Subdivision, and Broker
Regulations (Fully Verified)
Which of the following listed below would be a violation of the commissioner's rules?
Arizona broker paying a referral fee to an out-of-state broker
Inducing a party to breach a contract
Opening an interest-bearing trust account
Representing both buyer and seller in a transaction with informed consent - Correct Answer -Inducing a
party to break a contract
Which is FALSE about a purchase contract if the buyer does not receive a public report?
The buyer may void the contract but will lose their deposit
The buyer is not obligated to go through with the purchase
The buyer has a voidable contract for 3 years
The buyer is not receiving full protection - Correct Answer -The buyer may void the contract but will lose
their deposit
Who may initial a purchase contract per commissioner's rules?
Any office manager
Designated or delegated associate broker
Salesperson
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,Office employees - Correct Answer -Designated or delegated associate broker
A temporary broker's license can be obtained by another party for all of the following EXCEPT:
Broker dies
Broker declared insane
Broker injured
Broker is on an extended vacation - Correct Answer -Broker is on an extended vacation
A subdivision public report would be required on all of the following properties EXCEPT:
Residential timeshare
New home sales
Apartments converted to condos
Commercial lots - Correct Answer -Commercial lots
Upon conviction of a felony or misdemeanor, a licensee must notify the real estate department within:
3 days
7 days
10 days
14 days - Correct Answer -10 days
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, To act as a temporary broker, which of the following is NOT true:
The temporary broker must hold an associate broker's license
The temporary broker may be appointed by the real estate department
The temporary broker may be a spouse of the deceased broker
The temporary broker may obtain the temporary license from the real estate department - Correct
Answer -The temporary broker must hold an associate broker's license
When a sales license has expired and is now being renewed, the late charge would be:
A graduated monthly fee
Three times the license fee
Two and one-half times the license fee
Up to $100 penalty - Correct Answer -A graduated monthly fee
The real estate commissioner may do each of the following EXCEPT:
Hire and fire Real Estate Department employees
Look at the broker's books at any time
Formulate rules and regulations
Immediately revoke a real estate license on a complaint of fraud - Correct Answer -Immediately revoke a
real estate license on a complaint of fraud
You have 30 acres and want to make six 5-acre lots. Which of the following is true?
3|Page
2026|2027 updates) Already Graded A+ | Licensing, Subdivision, and Broker
Regulations (Fully Verified)
Which of the following listed below would be a violation of the commissioner's rules?
Arizona broker paying a referral fee to an out-of-state broker
Inducing a party to breach a contract
Opening an interest-bearing trust account
Representing both buyer and seller in a transaction with informed consent - Correct Answer -Inducing a
party to break a contract
Which is FALSE about a purchase contract if the buyer does not receive a public report?
The buyer may void the contract but will lose their deposit
The buyer is not obligated to go through with the purchase
The buyer has a voidable contract for 3 years
The buyer is not receiving full protection - Correct Answer -The buyer may void the contract but will lose
their deposit
Who may initial a purchase contract per commissioner's rules?
Any office manager
Designated or delegated associate broker
Salesperson
1|Page
,Office employees - Correct Answer -Designated or delegated associate broker
A temporary broker's license can be obtained by another party for all of the following EXCEPT:
Broker dies
Broker declared insane
Broker injured
Broker is on an extended vacation - Correct Answer -Broker is on an extended vacation
A subdivision public report would be required on all of the following properties EXCEPT:
Residential timeshare
New home sales
Apartments converted to condos
Commercial lots - Correct Answer -Commercial lots
Upon conviction of a felony or misdemeanor, a licensee must notify the real estate department within:
3 days
7 days
10 days
14 days - Correct Answer -10 days
2|Page
, To act as a temporary broker, which of the following is NOT true:
The temporary broker must hold an associate broker's license
The temporary broker may be appointed by the real estate department
The temporary broker may be a spouse of the deceased broker
The temporary broker may obtain the temporary license from the real estate department - Correct
Answer -The temporary broker must hold an associate broker's license
When a sales license has expired and is now being renewed, the late charge would be:
A graduated monthly fee
Three times the license fee
Two and one-half times the license fee
Up to $100 penalty - Correct Answer -A graduated monthly fee
The real estate commissioner may do each of the following EXCEPT:
Hire and fire Real Estate Department employees
Look at the broker's books at any time
Formulate rules and regulations
Immediately revoke a real estate license on a complaint of fraud - Correct Answer -Immediately revoke a
real estate license on a complaint of fraud
You have 30 acres and want to make six 5-acre lots. Which of the following is true?
3|Page
