ARIZONA REAL ESTATE LATEST
EXAM
ANSWER ALL QUESTIONS IN THIS SECTION
QUESTION 1
If the buyer of a property wants to remain anonymous, what term should be used
for that buyer's name in the purchase contract?
A. Or nominee
B. Or nominor
C. Or principal
D. Or assignor - ANSWERS-A. Or nominee
QUESTION 2
Rows of a township are called:
A. Tiers
B. Ranges
C. Townhouses
D. Condominiums - ANSWERS-A. Tiers
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, ARIZONA REAL ESTATE LATEST
EXAM
QUESTION 3
Property taxes are assessed on the:
A. Capital gains on the property
B. Value of the property
C. Amount paid for the property
D. Assessment on the property - ANSWERS-B. Value of the property
QUESTION 4
On a settlement statement, rent paid in advance would be a:
A. Credit to the seller only
B. Debit to the buyer only
C. Credit to the buyer, debit to the seller
D. Credit to the buyer onky - ANSWERS-C. Credit to the buyer, debit to the seller
QUESTION 5
END OF
PAGE
2
, ARIZONA REAL ESTATE LATEST
EXAM
The concept that information given to a client's agent has been given to the client is
known as:
A. Vicarious liability
B. Fiduciary duty
C. Imputed notice
D. Caveat emptor - ANSWERS-C. Imputed notice
QUESTION 6
What clarifies ADRE's position on statues of rules?
A. Case Law
B. Arizona Administrative Code
C. Arizona Revised Statutes
D. Substantive Policy Statements - ANSWERS-D. Substantive Policy Statements
QUESTION 7
The right of an Arizona real estate license to prepare certain legal documents and
forms comes from:
A. Arizona Statute of frauds
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PAGE
3
, ARIZONA REAL ESTATE LATEST
EXAM
B. Commissioners rules
C. Arizona constitution
D. Local ordinance - ANSWERS-C. Arizona constitution
QUESTION 8
In Arizona, property owned before marriage is sole and separate. Property acquired
after marriage would be considered
A. Community property
B. Sole and separate
C. Tenancy in common
D. Joint Tenancy - ANSWERS-A. Community Property
QUESTION 9
When conveying property in Arizona, a deed must be signed by the
A. Grantee
B. Mortgagor
C. Grantor
END OF
PAGE
4
EXAM
ANSWER ALL QUESTIONS IN THIS SECTION
QUESTION 1
If the buyer of a property wants to remain anonymous, what term should be used
for that buyer's name in the purchase contract?
A. Or nominee
B. Or nominor
C. Or principal
D. Or assignor - ANSWERS-A. Or nominee
QUESTION 2
Rows of a township are called:
A. Tiers
B. Ranges
C. Townhouses
D. Condominiums - ANSWERS-A. Tiers
END OF
PAGE
1
, ARIZONA REAL ESTATE LATEST
EXAM
QUESTION 3
Property taxes are assessed on the:
A. Capital gains on the property
B. Value of the property
C. Amount paid for the property
D. Assessment on the property - ANSWERS-B. Value of the property
QUESTION 4
On a settlement statement, rent paid in advance would be a:
A. Credit to the seller only
B. Debit to the buyer only
C. Credit to the buyer, debit to the seller
D. Credit to the buyer onky - ANSWERS-C. Credit to the buyer, debit to the seller
QUESTION 5
END OF
PAGE
2
, ARIZONA REAL ESTATE LATEST
EXAM
The concept that information given to a client's agent has been given to the client is
known as:
A. Vicarious liability
B. Fiduciary duty
C. Imputed notice
D. Caveat emptor - ANSWERS-C. Imputed notice
QUESTION 6
What clarifies ADRE's position on statues of rules?
A. Case Law
B. Arizona Administrative Code
C. Arizona Revised Statutes
D. Substantive Policy Statements - ANSWERS-D. Substantive Policy Statements
QUESTION 7
The right of an Arizona real estate license to prepare certain legal documents and
forms comes from:
A. Arizona Statute of frauds
END OF
PAGE
3
, ARIZONA REAL ESTATE LATEST
EXAM
B. Commissioners rules
C. Arizona constitution
D. Local ordinance - ANSWERS-C. Arizona constitution
QUESTION 8
In Arizona, property owned before marriage is sole and separate. Property acquired
after marriage would be considered
A. Community property
B. Sole and separate
C. Tenancy in common
D. Joint Tenancy - ANSWERS-A. Community Property
QUESTION 9
When conveying property in Arizona, a deed must be signed by the
A. Grantee
B. Mortgagor
C. Grantor
END OF
PAGE
4
