ARIZONA SCHOOL OF REAL ESTATE &
BUSINESS SALES EXAM WITH CORRECT
ACTUAL QUESTIONS AND CORRECTLY
WELL DEFINED ANSWERS LATEST 2024 –
2025 ALREADY GRADED A+
Which of the following may a property manager NOT receive - ANSWERS-Rebates
from suppliers
What is NOT part of a typical property management agreement - ANSWERS-
Annual budget
Which of the following would NOT be part of the Landlord & Tenant ACT -
ANSWERS-Property management regulations
A buyer obtains a loan on a parcel of land secured by a Deed of Trust. Later the
buyer moves a mobile home on the lot and defaults on the Deed of Trust. Which
of the following is true - ANSWERS-Lender may foreclosure
,After a Deed of Trust foreclosure sale, which of the following is true - ANSWERS-A
trustee's deed is given to the new owner
Which of the following would NOT be part of an agreement for sale - ANSWERS-
Trustee notice
What is not required for a listing contract to be valid - ANSWERS-Commission Rate
When does a salesperson have a listing - ANSWERS-When the listing is signed
The law that governs the duty between the Agent and the principle is called -
ANSWERS-Law of Agency
What is the relationship of the licensee to the broker - ANSWERS-General Agent
A Salesperson represents a seller in a real estate matter. This agency is called -
ANSWERS-General
Which of the followung is not required to appear on a listing areement -
ANSWERS-Construction Cost
Which of the following types of listings would be considered more unilateral than
bilateral - ANSWERS-Open
,In a listing agreement, the seller would be the.. - ANSWERS-Employer
The annual gross multiplier is calculated by - ANSWERS-Dividing the price paid by
the annual gross income
A Real Estate broker is normally what type of agent - ANSWERS-Special Agent
Who does a salesperson represent - ANSWERS-Employing Broker
A salespersons right to compensation is based on - ANSWERS-Having a valid
license
When would a plat map be used? - ANSWERS-Subdivisions
Under an Exclusive Agency listing - ANSWERS-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 - ANSWERS-
Power of Attorney
, A salesperson may enter into a dual agency provided this is - ANSWERS-Disclosed
to the buyer and seller in writing
A broker relationship to a seller would most likely be - ANSWERS-Special
A person wants to buy a property in the future, but also wants the right to reject
the offer. This is called - ANSWERS-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 -
ANSWERS-Keep the information confidential
The key factor of an exclusive right to sell listing is - ANSWERS-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 - ANSWERS-
Ostensible
An agent receives 2 offers on a listing one after another. How do you present the
offers to the seller - ANSWERS-Present both offers at the same time
Which of the following is an example of a unilateral contract - ANSWERS-Reward
Poster
BUSINESS SALES EXAM WITH CORRECT
ACTUAL QUESTIONS AND CORRECTLY
WELL DEFINED ANSWERS LATEST 2024 –
2025 ALREADY GRADED A+
Which of the following may a property manager NOT receive - ANSWERS-Rebates
from suppliers
What is NOT part of a typical property management agreement - ANSWERS-
Annual budget
Which of the following would NOT be part of the Landlord & Tenant ACT -
ANSWERS-Property management regulations
A buyer obtains a loan on a parcel of land secured by a Deed of Trust. Later the
buyer moves a mobile home on the lot and defaults on the Deed of Trust. Which
of the following is true - ANSWERS-Lender may foreclosure
,After a Deed of Trust foreclosure sale, which of the following is true - ANSWERS-A
trustee's deed is given to the new owner
Which of the following would NOT be part of an agreement for sale - ANSWERS-
Trustee notice
What is not required for a listing contract to be valid - ANSWERS-Commission Rate
When does a salesperson have a listing - ANSWERS-When the listing is signed
The law that governs the duty between the Agent and the principle is called -
ANSWERS-Law of Agency
What is the relationship of the licensee to the broker - ANSWERS-General Agent
A Salesperson represents a seller in a real estate matter. This agency is called -
ANSWERS-General
Which of the followung is not required to appear on a listing areement -
ANSWERS-Construction Cost
Which of the following types of listings would be considered more unilateral than
bilateral - ANSWERS-Open
,In a listing agreement, the seller would be the.. - ANSWERS-Employer
The annual gross multiplier is calculated by - ANSWERS-Dividing the price paid by
the annual gross income
A Real Estate broker is normally what type of agent - ANSWERS-Special Agent
Who does a salesperson represent - ANSWERS-Employing Broker
A salespersons right to compensation is based on - ANSWERS-Having a valid
license
When would a plat map be used? - ANSWERS-Subdivisions
Under an Exclusive Agency listing - ANSWERS-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 - ANSWERS-
Power of Attorney
, A salesperson may enter into a dual agency provided this is - ANSWERS-Disclosed
to the buyer and seller in writing
A broker relationship to a seller would most likely be - ANSWERS-Special
A person wants to buy a property in the future, but also wants the right to reject
the offer. This is called - ANSWERS-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 -
ANSWERS-Keep the information confidential
The key factor of an exclusive right to sell listing is - ANSWERS-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 - ANSWERS-
Ostensible
An agent receives 2 offers on a listing one after another. How do you present the
offers to the seller - ANSWERS-Present both offers at the same time
Which of the following is an example of a unilateral contract - ANSWERS-Reward
Poster
