AZ Real Estate exam questions
Exam Study Guide – Practice
Questions with Verified
Answers. GRADED A+. Latest
2026/2027 Update
Roberta wishes to build her garage 2 feet from her side lot line. City code calls
for all side setbacks to be at least 5 feet. She will need to get what to be able to
legally proceed and be assured that future owners will not have a problem? -
Answer✔✔-A variance will provide permanent permission to deviate from the
setback rules.
When an attorney gives an abstract of title, he would also give: - Answer✔✔-
An opinion.
Building permits would be issued under the government's right of: -
Answer✔✔-Building permits would be issued under the government's right of
police power.
A legitimate reason for appraising a property as of some date in the past is: -
Answer✔✔-To settle an estate
,What is the most important factor a developer would take into consideration in
selecting a new area to develop? - Answer✔✔-Location
The selling price of real estate is most generally based on: - Answer✔✔-The
selling price of real estate is most generally based on market value; the most
probable price a property should bring in a competitive and open market
When the appraiser looks at the home Sandy has just purchased, he notices it
has a fireplace and the comparable homes do not. He makes a $3,000 upward
adjustment on his sales comparison approach worksheet. The $3,000
adjustment is based on what appraisal principle? - Answer✔✔-Contribution
The seller lists a property with a broker and the listing is to expire on October
20th. On October 19th, the broker presents an offer to the seller. After two
days of negotiations the seller accepts the buyer's offer. Since the broker's
listing has expired, what is the status of the broker's commission? -
Answer✔✔-The seller is obligated to pay a commission
The day after the broker's listing expired, the seller sold the property to a buyer
that was shown the property by the listing broker. Which of the following is
true regarding the real estate commission? - Answer✔✔-The seller would owe
the full commission.
Which of the following is NOT needed to have a valid listing/employment
agreement? - Answer✔✔-Legal description
When the principal terminates the agency relationship before it expires, it is
called: - Answer✔✔-Revocation
,Using one's authority or weakness to secure consent to a contract is termed: -
Answer✔✔-Undue influence
Constructive fraud is also known as: - Answer✔✔-Constructive fraud is an
unintentional concealment or omission of a material fact, also known as
negligent misrepresentation.
In escrow, who is your customer when your brokerage has the listing? -
Answer✔✔-The Buyer
A buyers broker owes a fiduciary responsibility to: - Answer✔✔-A buyers
broker represents the buyer and owes the fiduciary responsibility of
confidentiality to their client
If the seller retains the buyer's earnest money due to a contract breach, this
would be called - Answer✔✔-Liquidated damages
The price of a listed property should NOT be advertised or offered unless it
conforms to: - Answer✔✔-The price of a listed property should NOT be
advertised or offered unless it conforms to an amount previously agreed to by
the owner.
Legal action to enforce a contract is called: - Answer✔✔-Specific Performance
All of the following would apply to a buyer broker exclusive employment
agreement EXCEPT: - Answer✔✔-Legal description of the property. it is
addressing employment terms not the property
, An out-of-state prospect asks an agent to locate a diverse neighborhood for
him. The agent should: - Answer✔✔-A real estate agent has no duty or
obligation to provide demographic data that would have the effect of limiting
housing choices.
Nonconforming use would apply to which of the following, listed below? -
Answer✔✔-A use that was once lawful but no longer conforms
Cody is a first-time buyer making an offer on a property that will include the
appliances. The seller accepts the offer and includes a document that will
protect the owner if the furnace breaks. Which kind of protection did Cody
receive? - Answer✔✔-Home Warranty
What insulating material was pumped into houses until its ban in the 1970s -
Answer✔✔-urea-formaldehyde insulation
Federal Emergency Management Agency (FEMA) is responsible for: -
Answer✔✔-Flood are maps
Chemicals used in refrigeration, air conditioning, insulation, and aerosol
propellants that drift into the upper atmosphere where their chlorine
components destroy ozone are called - Answer✔✔-CFCs are
chlorofluorocarbons, an inert chemical used in refrigeration and aerosol cans.
If two or more brokers get together to set a commission rate, this would be in
violation of: - Answer✔✔-Sherman Anti-Trust Law
Exam Study Guide – Practice
Questions with Verified
Answers. GRADED A+. Latest
2026/2027 Update
Roberta wishes to build her garage 2 feet from her side lot line. City code calls
for all side setbacks to be at least 5 feet. She will need to get what to be able to
legally proceed and be assured that future owners will not have a problem? -
Answer✔✔-A variance will provide permanent permission to deviate from the
setback rules.
When an attorney gives an abstract of title, he would also give: - Answer✔✔-
An opinion.
Building permits would be issued under the government's right of: -
Answer✔✔-Building permits would be issued under the government's right of
police power.
A legitimate reason for appraising a property as of some date in the past is: -
Answer✔✔-To settle an estate
,What is the most important factor a developer would take into consideration in
selecting a new area to develop? - Answer✔✔-Location
The selling price of real estate is most generally based on: - Answer✔✔-The
selling price of real estate is most generally based on market value; the most
probable price a property should bring in a competitive and open market
When the appraiser looks at the home Sandy has just purchased, he notices it
has a fireplace and the comparable homes do not. He makes a $3,000 upward
adjustment on his sales comparison approach worksheet. The $3,000
adjustment is based on what appraisal principle? - Answer✔✔-Contribution
The seller lists a property with a broker and the listing is to expire on October
20th. On October 19th, the broker presents an offer to the seller. After two
days of negotiations the seller accepts the buyer's offer. Since the broker's
listing has expired, what is the status of the broker's commission? -
Answer✔✔-The seller is obligated to pay a commission
The day after the broker's listing expired, the seller sold the property to a buyer
that was shown the property by the listing broker. Which of the following is
true regarding the real estate commission? - Answer✔✔-The seller would owe
the full commission.
Which of the following is NOT needed to have a valid listing/employment
agreement? - Answer✔✔-Legal description
When the principal terminates the agency relationship before it expires, it is
called: - Answer✔✔-Revocation
,Using one's authority or weakness to secure consent to a contract is termed: -
Answer✔✔-Undue influence
Constructive fraud is also known as: - Answer✔✔-Constructive fraud is an
unintentional concealment or omission of a material fact, also known as
negligent misrepresentation.
In escrow, who is your customer when your brokerage has the listing? -
Answer✔✔-The Buyer
A buyers broker owes a fiduciary responsibility to: - Answer✔✔-A buyers
broker represents the buyer and owes the fiduciary responsibility of
confidentiality to their client
If the seller retains the buyer's earnest money due to a contract breach, this
would be called - Answer✔✔-Liquidated damages
The price of a listed property should NOT be advertised or offered unless it
conforms to: - Answer✔✔-The price of a listed property should NOT be
advertised or offered unless it conforms to an amount previously agreed to by
the owner.
Legal action to enforce a contract is called: - Answer✔✔-Specific Performance
All of the following would apply to a buyer broker exclusive employment
agreement EXCEPT: - Answer✔✔-Legal description of the property. it is
addressing employment terms not the property
, An out-of-state prospect asks an agent to locate a diverse neighborhood for
him. The agent should: - Answer✔✔-A real estate agent has no duty or
obligation to provide demographic data that would have the effect of limiting
housing choices.
Nonconforming use would apply to which of the following, listed below? -
Answer✔✔-A use that was once lawful but no longer conforms
Cody is a first-time buyer making an offer on a property that will include the
appliances. The seller accepts the offer and includes a document that will
protect the owner if the furnace breaks. Which kind of protection did Cody
receive? - Answer✔✔-Home Warranty
What insulating material was pumped into houses until its ban in the 1970s -
Answer✔✔-urea-formaldehyde insulation
Federal Emergency Management Agency (FEMA) is responsible for: -
Answer✔✔-Flood are maps
Chemicals used in refrigeration, air conditioning, insulation, and aerosol
propellants that drift into the upper atmosphere where their chlorine
components destroy ozone are called - Answer✔✔-CFCs are
chlorofluorocarbons, an inert chemical used in refrigeration and aerosol cans.
If two or more brokers get together to set a commission rate, this would be in
violation of: - Answer✔✔-Sherman Anti-Trust Law
