ARIZONA REAL ESTATE REVIEW COMPLETE 2026-2027 EXAM PAPER-
REVISION QUESTIONS & SOLUTIONS
This is not part of a typical property management agreement.
Annual budget
This is not part of the landlord-tenant act.
Property management regulations
A landlord wishes to show a party your apartment. He may do so with which notice?
48 hour notice
Property owner
Can be signor on a property management trust account.
This is not true regarding a property management trust account.
Only licensed signatories are permitted.
Property management agreement do not deal with.
Building age
If a property is damaged by fire and the tenant moves out, the tenant...
May terminate the lease with a 14 day written notice.
A property management agreement may be terminated by
complying with any time parameters in the agreement
In order to terminate a month-to-month lease, a person would be required to give...
30 days notice
When a tenant fails to pay rent, the landlord would first deliver to the tenant .
a 5 Day Notice
A property management company is required to keep a copy of all residential rental agreements
upon expiration for a period of
one year
,This is not true regarding security deposits on a residental property.
A landlord may charge one and one-half times the monthly rent, plus first and last month's rent
How many days does the landlord have to give the tenant a full accounting of the security
deposit upon termination of tenancy?
14 days
If the landlord fails to give the tenant a full accounting of the security deposit within the
required time...
The landlord would be liable for twice the amount wrongfully held
This disclosure is not required to be given by the landlord to the tenant
Name and address of the property owner
Before a tenant can exercise the self-help for minor defect provision, the tenant must give the
owner how many days to cure the defect?
10 days
If the landlord fails to comply with the rental agreement, the tenant may terminate the lease if
the breach is not corrected in how many days?
10 days
If the landlord fails to comply with the rental agreement in matters affecting health and safety,
the tenant may terminate the lease if the breach is not corrected in how many days?
5 Days
This is not true regarding self-help for minor defects.
Tenant may deduct work from rent in the amount of twice the rent.
Can sign a property management agreement
Licensed salespeople with a broker
A property manager who collects rents and holds the money for an owner must have what?
Trust account
A property manager has an agreement with a property management company. The
management company license expires. What happens?
The agreement will terminate when the management company license expires.
, Who can sign a commission check paid out of a broker's trust account?
Broker
What is the maximum security deposit allowed by the Arizona Landlord Tenant Act?
1 1/2 month's rent
Who must provide the buyer with the homeowner's association rules for a complex having
more than 50 units?
Association
Before the commissioner issues a public report on subdivided land, the subdivider may not
what?
Enter into a binding contract
This can't be used in a developer's public report advertisement.
A statement which says, "The public report is an endorsement of the project"
How long are the real estate exam tests scores valid for?
1 year
How long does a broker doing sales need to keep records?
5 years
The commissioner may NOT deny a public report if
the owner can't produce perfect title
All listings must be in writing to be enforceable according to
Arizona Revised Statutes
The commissioner does NOT have the power to
Create real estate statutes
After passing the real estate exam, a licensee must activate his license withing
1 year of the examination date
Unless otherwise specified, a broker is required to deposit earnest monies in escrow or in a
trust account when?
promptly by the close of the next business day
REVISION QUESTIONS & SOLUTIONS
This is not part of a typical property management agreement.
Annual budget
This is not part of the landlord-tenant act.
Property management regulations
A landlord wishes to show a party your apartment. He may do so with which notice?
48 hour notice
Property owner
Can be signor on a property management trust account.
This is not true regarding a property management trust account.
Only licensed signatories are permitted.
Property management agreement do not deal with.
Building age
If a property is damaged by fire and the tenant moves out, the tenant...
May terminate the lease with a 14 day written notice.
A property management agreement may be terminated by
complying with any time parameters in the agreement
In order to terminate a month-to-month lease, a person would be required to give...
30 days notice
When a tenant fails to pay rent, the landlord would first deliver to the tenant .
a 5 Day Notice
A property management company is required to keep a copy of all residential rental agreements
upon expiration for a period of
one year
,This is not true regarding security deposits on a residental property.
A landlord may charge one and one-half times the monthly rent, plus first and last month's rent
How many days does the landlord have to give the tenant a full accounting of the security
deposit upon termination of tenancy?
14 days
If the landlord fails to give the tenant a full accounting of the security deposit within the
required time...
The landlord would be liable for twice the amount wrongfully held
This disclosure is not required to be given by the landlord to the tenant
Name and address of the property owner
Before a tenant can exercise the self-help for minor defect provision, the tenant must give the
owner how many days to cure the defect?
10 days
If the landlord fails to comply with the rental agreement, the tenant may terminate the lease if
the breach is not corrected in how many days?
10 days
If the landlord fails to comply with the rental agreement in matters affecting health and safety,
the tenant may terminate the lease if the breach is not corrected in how many days?
5 Days
This is not true regarding self-help for minor defects.
Tenant may deduct work from rent in the amount of twice the rent.
Can sign a property management agreement
Licensed salespeople with a broker
A property manager who collects rents and holds the money for an owner must have what?
Trust account
A property manager has an agreement with a property management company. The
management company license expires. What happens?
The agreement will terminate when the management company license expires.
, Who can sign a commission check paid out of a broker's trust account?
Broker
What is the maximum security deposit allowed by the Arizona Landlord Tenant Act?
1 1/2 month's rent
Who must provide the buyer with the homeowner's association rules for a complex having
more than 50 units?
Association
Before the commissioner issues a public report on subdivided land, the subdivider may not
what?
Enter into a binding contract
This can't be used in a developer's public report advertisement.
A statement which says, "The public report is an endorsement of the project"
How long are the real estate exam tests scores valid for?
1 year
How long does a broker doing sales need to keep records?
5 years
The commissioner may NOT deny a public report if
the owner can't produce perfect title
All listings must be in writing to be enforceable according to
Arizona Revised Statutes
The commissioner does NOT have the power to
Create real estate statutes
After passing the real estate exam, a licensee must activate his license withing
1 year of the examination date
Unless otherwise specified, a broker is required to deposit earnest monies in escrow or in a
trust account when?
promptly by the close of the next business day
