AZ REAL STATE FINAL /ARIZONA REAL
ESTATE (2 LATEST VERSION) EXAM 2025
WITH ACTUAL CORRECT QUESTIONS AND
VERIFIED DETAILED ANSWERS
|FREQUENTLY TESTED QUESTIONS AND
SOLUTIONS|ALREADY GRADED
A+|NEWEST|LATEST UPDATE|GUARANTEED
PASS
VERSION 1
Who's responsible for conducting the closing?
The closing agent
When a seller wants to expedite the closing process, what can a buyer offer to address this
need?
A quick closing
Which of the following best describes tenants' right to quiet enjoyment?
Tenants have the right to enjoy lawful use of the property without being dispossessed or
trespassed upon, even by the landlord.
Which of these will NOT occur on the day of closing?
Closing paperwork is signed.
Sam is taking out a home loan, which states the offered price and includes other important
information, like the payments, the loan term, and Sam's signature. What type of contract is
this?
Express
Arizona Real Estate Advisory Board members serve terms that are how long?
Six years
1|Page
,What is the term for sites identified by the EPA under the Comprehensive Environmental
Response, Compensation, and Liability Act?
Superfund site
Which of the following is a true statement about how adjustments are made in the sales
comparison approach?
Appraisers adjust upward when a comparable is missing a feature found in the subject property.
You are working as a buyer's agent in Arizona. The listing agent hasn't yet paid you your portion
of the commission split even though the closing was several weeks ago. If there's a dispute
about the amount of your commission, what can you do?
File a civil court action (lawsuit).
In Arizona, what is the maximum deposit a subdivider can charge per plot in a future
subdivision?
$5,000
A seller received $800,000 for a 5.5 acre rectangular parcel alongside a road frontage. The
property is 400 feet deep. What was the price per front foot of the property?
$1,335.67
The ______ clause is also known as a due-on-sale clause.
Alienation
What would trigger the Arizona Registrar of Contractors to investigate a contracting without a
license violation?
After performing a "sting" operation that nets results
Property ownership gives the title holder a bundle of rights. What's significant about the
concept of a bundle of rights?
It describes the ability to separate one right from the others while leaving the rest of the bundle
intact.
Alexandra moved out of an Arizona rental house on the second of the month. How long does
her landlord have to refund the security deposit and/or provide an itemized list of deductions?
14 business days
A cooperative is a(n) _____.
2|Page
,not-for-profit corporation
CT is a licensed contractor with AZ Plumbing and Heating. He just put in his two-week notice,
and then he will start working for Canyon Plumbing and Heating. Can he transfer his license to
his new employer?
No, licenses aren't transferable.
Which of these statements accurately describes finance- and housing-related legislation?
The Fair Housing Act of 1968 prohibited discrimination in the sale, rental, and financing of
housing based on race, color, religion, or national origin.
If the education revolving fund exceeds ______ at the end of any fiscal year, the excess is
transferred into the state's general fund.
$25,000
How long does an Arizona landlord have to return a security deposit after a tenant moves out at
the end of their lease?
14 business days
Which of the following is a quality of a marketable title?
It allows the owner to mortgage the property.
Which of these fits the description of the abandonment remedy?
Rats drove Willard out of his apartment.
Among the many papers that must be sent to a buyer in a planned community is a notice that
the buyer understands the legality of the declaration, bylaws, and rules of the association. In
Arizona, how long does the buyer have to sign and return the notice to the HOA?
14 days
If a seller asks a buyer to waive the inspection contingency, how could the transaction process
transpire and still protect the buyer?
Buyer has inspection, buyer makes offer, seller accepts offer
How are sections and townships related to one another, relative to the rectangular government
survey system?
Townships are divided into sections.
Where is the commissioner's main office located?
3|Page
, The state capitol
Which of the following is a reason a seller might consider selling property through a land
contract rather than a traditional sale?
The seller may pay less in capital gains taxes by receiving the proceeds from the sale over time
rather than in a lump sum.
Which of the following describes a right-of-way easement?
Land that a railroad company runs its track through
A property management firm has ______ days after termination of a property management
agreement to provide a final list of accounts receivable/payments.
75
Non-trust funds, as long as they're not commingled with trust funds, are not bound by _______.
Real estate laws
______ are taxed at a taxpayer's marginal tax rate.
Short-term capital gains
Arizona designated broker Rick is setting up a temporary branch office for a few transactions
taking place 50 miles from the main brokerage office. Does Rick need to acquire a temporary
branch office license?
No. Temporary branch offices do not require additional licensure like permanent ones do.
When is an affidavit of affixture used in Arizona?
When an individual who owns both a manufactured home and the land on which it sits wants to
change the status of the manufactured home from personal to real property
Arizona licensees owe both common law fiduciary and _____ duties to their clients.
Statutory
Using the capitalization formula, what is the value if the net operating income is $20,000 and
the rate of capitalization is 10%?
$200,000
Through which method of voluntary alienation does the grantor convey real property and
transfer title to the grantee?
4|Page
ESTATE (2 LATEST VERSION) EXAM 2025
WITH ACTUAL CORRECT QUESTIONS AND
VERIFIED DETAILED ANSWERS
|FREQUENTLY TESTED QUESTIONS AND
SOLUTIONS|ALREADY GRADED
A+|NEWEST|LATEST UPDATE|GUARANTEED
PASS
VERSION 1
Who's responsible for conducting the closing?
The closing agent
When a seller wants to expedite the closing process, what can a buyer offer to address this
need?
A quick closing
Which of the following best describes tenants' right to quiet enjoyment?
Tenants have the right to enjoy lawful use of the property without being dispossessed or
trespassed upon, even by the landlord.
Which of these will NOT occur on the day of closing?
Closing paperwork is signed.
Sam is taking out a home loan, which states the offered price and includes other important
information, like the payments, the loan term, and Sam's signature. What type of contract is
this?
Express
Arizona Real Estate Advisory Board members serve terms that are how long?
Six years
1|Page
,What is the term for sites identified by the EPA under the Comprehensive Environmental
Response, Compensation, and Liability Act?
Superfund site
Which of the following is a true statement about how adjustments are made in the sales
comparison approach?
Appraisers adjust upward when a comparable is missing a feature found in the subject property.
You are working as a buyer's agent in Arizona. The listing agent hasn't yet paid you your portion
of the commission split even though the closing was several weeks ago. If there's a dispute
about the amount of your commission, what can you do?
File a civil court action (lawsuit).
In Arizona, what is the maximum deposit a subdivider can charge per plot in a future
subdivision?
$5,000
A seller received $800,000 for a 5.5 acre rectangular parcel alongside a road frontage. The
property is 400 feet deep. What was the price per front foot of the property?
$1,335.67
The ______ clause is also known as a due-on-sale clause.
Alienation
What would trigger the Arizona Registrar of Contractors to investigate a contracting without a
license violation?
After performing a "sting" operation that nets results
Property ownership gives the title holder a bundle of rights. What's significant about the
concept of a bundle of rights?
It describes the ability to separate one right from the others while leaving the rest of the bundle
intact.
Alexandra moved out of an Arizona rental house on the second of the month. How long does
her landlord have to refund the security deposit and/or provide an itemized list of deductions?
14 business days
A cooperative is a(n) _____.
2|Page
,not-for-profit corporation
CT is a licensed contractor with AZ Plumbing and Heating. He just put in his two-week notice,
and then he will start working for Canyon Plumbing and Heating. Can he transfer his license to
his new employer?
No, licenses aren't transferable.
Which of these statements accurately describes finance- and housing-related legislation?
The Fair Housing Act of 1968 prohibited discrimination in the sale, rental, and financing of
housing based on race, color, religion, or national origin.
If the education revolving fund exceeds ______ at the end of any fiscal year, the excess is
transferred into the state's general fund.
$25,000
How long does an Arizona landlord have to return a security deposit after a tenant moves out at
the end of their lease?
14 business days
Which of the following is a quality of a marketable title?
It allows the owner to mortgage the property.
Which of these fits the description of the abandonment remedy?
Rats drove Willard out of his apartment.
Among the many papers that must be sent to a buyer in a planned community is a notice that
the buyer understands the legality of the declaration, bylaws, and rules of the association. In
Arizona, how long does the buyer have to sign and return the notice to the HOA?
14 days
If a seller asks a buyer to waive the inspection contingency, how could the transaction process
transpire and still protect the buyer?
Buyer has inspection, buyer makes offer, seller accepts offer
How are sections and townships related to one another, relative to the rectangular government
survey system?
Townships are divided into sections.
Where is the commissioner's main office located?
3|Page
, The state capitol
Which of the following is a reason a seller might consider selling property through a land
contract rather than a traditional sale?
The seller may pay less in capital gains taxes by receiving the proceeds from the sale over time
rather than in a lump sum.
Which of the following describes a right-of-way easement?
Land that a railroad company runs its track through
A property management firm has ______ days after termination of a property management
agreement to provide a final list of accounts receivable/payments.
75
Non-trust funds, as long as they're not commingled with trust funds, are not bound by _______.
Real estate laws
______ are taxed at a taxpayer's marginal tax rate.
Short-term capital gains
Arizona designated broker Rick is setting up a temporary branch office for a few transactions
taking place 50 miles from the main brokerage office. Does Rick need to acquire a temporary
branch office license?
No. Temporary branch offices do not require additional licensure like permanent ones do.
When is an affidavit of affixture used in Arizona?
When an individual who owns both a manufactured home and the land on which it sits wants to
change the status of the manufactured home from personal to real property
Arizona licensees owe both common law fiduciary and _____ duties to their clients.
Statutory
Using the capitalization formula, what is the value if the net operating income is $20,000 and
the rate of capitalization is 10%?
$200,000
Through which method of voluntary alienation does the grantor convey real property and
transfer title to the grantee?
4|Page
