ASREB STATE TEST B-1, ASREB
STATE TEST B-2, ASREB NATIONAL
TEST B-2, ASREB NATIONAL TEST B-
3, ASREB STATE TEST B-5 AND B-6,
ASREB NATIONAL TEST B-5, ASREB
NATIONAL TEST B-6, ASREB
NATIONAL TEST B-7, ASREB
NATIONAL TEST B-9, ASREB STATE
TEST B-9 LATEST UPDATED
,Before the commissioner issues a public report on subdivided land, the subdivider may
not:
Take lot reservations
Enter into a binding contract
Advertise the lots for sale
Begin lot improvements - ANSWEREnter into a binding contract
All of the following can be used in a developer's public report advertisement EXCEPT:
Specific prices
A statement which says, "The public report is an endorsement of the project"
Names of the owners and past history
Future plans of the general area - ANSWERA statement which says, "The public report
is an endorsement of the project"
If a broker abandons or moves their real estate office and fails to notify the
commissioner, which of the following is true, according to Arizona Statutes?
They may receive a warning from the Real Estate Department
They will be fined $1,000
Their license will be automatically cancelled
They might be fined up to $500. - ANSWERTheir license will be automatically cancelled
A broker receives an oral offer over the telephone. What should they do?
Refuse to present it until it is in writing
Refuse to present it unless they have earnest money
The broker must present the oral offer
Tell the buyer that oral offers are illegal - ANSWERThe broker must present the oral
offer
A licensee may NOT charge for document preparation as a result of which of the
following:
Rules and Regulations
Arizona Statutes
Arizona Constitution Article XXVI
Law of Agency - ANSWERArizona Constitution Article XXVI
Which of the following is NOT required for a sales license in Arizona?
90 hours of education
90 days residence
Pass an examination
Minimum age - ANSWER90 days residence
How long are the real estate exam tests scores valid for?
One year
,Two years
Three years
Four years - ANSWEROne year
How long does a broker doing sales need to keep records?
2 years
3 years
4 years
5 years - ANSWER5 years
The commissioner may deny a public report for all of the following reasons EXCEPT:
The property is without ingress or egress
The owners have previously declared bankruptcy
The owner can't produce perfect title
The owner can't produce marketable title - ANSWERThe owner can't produce perfect
title
All listings must be in writing to be enforceable according to:
Arizona Constitution Article XXVI
Law of Agency
Arizona Revised Statutes
RESPA - ANSWERArizona Revised Statutes
The commissioner has the power to do all of the following EXCEPT:
Prescribe rules and regulations
Investigate signed written complaints
Examine office records
Create real estate statutes - ANSWERCreate real estate statutes
After passing the real estate exam, a licensee must activate his license within:
Six months of the examination date
Six months of notification of passing the test
One year of the examination date
Three years of the examination date - ANSWEROne year of the examination date
Unless otherwise specified, a broker is required to deposit earnest monies in escrow or
in a trust account:
Upon the buyer's acceptance
Upon seller's acceptance
Promptly by the close of the next business day
Within 72 hours of receipt - ANSWERPromptly by the close of the next business day
The commissioner will deny a public report on a subdivision because of the subdivider's
inability to:
Provide buyers with water rights
Provide building permits
, Deliver clear title
Provide floor plans - ANSWERDeliver clear title
Who may accept a commission from an out-of-state broker?
The referring salesperson
The referring brokerage
Unlicensed property manager
Any individual who made the referral - ANSWERThe referring brokerage
A broker prepares documents at a cost of $35. Which of the following is true?
The broker cannot charge for the service
The broker may charge if the parties agree
The broker may charge if it is considered an escrow fee
The broker may charge if the fee was negotiated - ANSWERThe broker cannot charge
for the service
What happens when a broker's license expires?
The salespeople lose their licenses
The salespeople must find another broker
The salespeople may continue to work
The broker may work for an additional 90 days - ANSWERThe salespeople must find
another broker
How many brokers can a licensee work for at the same time in Arizona?
One at a time, in general real estate
Two, with Department
Two, if he declares he is inactive
Two if one is a property manager - ANSWEROne at a time, in general real estate
When a complaint is filed against a licensee, which of the following is true:
The licensee is automatically suspended
The commissioner must conduct an investigation
The license is revoked
The licensee is suspended until a hearing is held - ANSWERThe commissioner must
conduct an investigation
When a licensee leaves a broker, the license:
Goes with the licensee
Is sent to the real estate department
Remains on the broker's wall
Is automatically terminated - ANSWERIs sent to the real estate department
When the commissioner receives a written complaint against a licensee:
The commissioner will automatically suspend the license
The commissioner will revoke the license
STATE TEST B-2, ASREB NATIONAL
TEST B-2, ASREB NATIONAL TEST B-
3, ASREB STATE TEST B-5 AND B-6,
ASREB NATIONAL TEST B-5, ASREB
NATIONAL TEST B-6, ASREB
NATIONAL TEST B-7, ASREB
NATIONAL TEST B-9, ASREB STATE
TEST B-9 LATEST UPDATED
,Before the commissioner issues a public report on subdivided land, the subdivider may
not:
Take lot reservations
Enter into a binding contract
Advertise the lots for sale
Begin lot improvements - ANSWEREnter into a binding contract
All of the following can be used in a developer's public report advertisement EXCEPT:
Specific prices
A statement which says, "The public report is an endorsement of the project"
Names of the owners and past history
Future plans of the general area - ANSWERA statement which says, "The public report
is an endorsement of the project"
If a broker abandons or moves their real estate office and fails to notify the
commissioner, which of the following is true, according to Arizona Statutes?
They may receive a warning from the Real Estate Department
They will be fined $1,000
Their license will be automatically cancelled
They might be fined up to $500. - ANSWERTheir license will be automatically cancelled
A broker receives an oral offer over the telephone. What should they do?
Refuse to present it until it is in writing
Refuse to present it unless they have earnest money
The broker must present the oral offer
Tell the buyer that oral offers are illegal - ANSWERThe broker must present the oral
offer
A licensee may NOT charge for document preparation as a result of which of the
following:
Rules and Regulations
Arizona Statutes
Arizona Constitution Article XXVI
Law of Agency - ANSWERArizona Constitution Article XXVI
Which of the following is NOT required for a sales license in Arizona?
90 hours of education
90 days residence
Pass an examination
Minimum age - ANSWER90 days residence
How long are the real estate exam tests scores valid for?
One year
,Two years
Three years
Four years - ANSWEROne year
How long does a broker doing sales need to keep records?
2 years
3 years
4 years
5 years - ANSWER5 years
The commissioner may deny a public report for all of the following reasons EXCEPT:
The property is without ingress or egress
The owners have previously declared bankruptcy
The owner can't produce perfect title
The owner can't produce marketable title - ANSWERThe owner can't produce perfect
title
All listings must be in writing to be enforceable according to:
Arizona Constitution Article XXVI
Law of Agency
Arizona Revised Statutes
RESPA - ANSWERArizona Revised Statutes
The commissioner has the power to do all of the following EXCEPT:
Prescribe rules and regulations
Investigate signed written complaints
Examine office records
Create real estate statutes - ANSWERCreate real estate statutes
After passing the real estate exam, a licensee must activate his license within:
Six months of the examination date
Six months of notification of passing the test
One year of the examination date
Three years of the examination date - ANSWEROne year of the examination date
Unless otherwise specified, a broker is required to deposit earnest monies in escrow or
in a trust account:
Upon the buyer's acceptance
Upon seller's acceptance
Promptly by the close of the next business day
Within 72 hours of receipt - ANSWERPromptly by the close of the next business day
The commissioner will deny a public report on a subdivision because of the subdivider's
inability to:
Provide buyers with water rights
Provide building permits
, Deliver clear title
Provide floor plans - ANSWERDeliver clear title
Who may accept a commission from an out-of-state broker?
The referring salesperson
The referring brokerage
Unlicensed property manager
Any individual who made the referral - ANSWERThe referring brokerage
A broker prepares documents at a cost of $35. Which of the following is true?
The broker cannot charge for the service
The broker may charge if the parties agree
The broker may charge if it is considered an escrow fee
The broker may charge if the fee was negotiated - ANSWERThe broker cannot charge
for the service
What happens when a broker's license expires?
The salespeople lose their licenses
The salespeople must find another broker
The salespeople may continue to work
The broker may work for an additional 90 days - ANSWERThe salespeople must find
another broker
How many brokers can a licensee work for at the same time in Arizona?
One at a time, in general real estate
Two, with Department
Two, if he declares he is inactive
Two if one is a property manager - ANSWEROne at a time, in general real estate
When a complaint is filed against a licensee, which of the following is true:
The licensee is automatically suspended
The commissioner must conduct an investigation
The license is revoked
The licensee is suspended until a hearing is held - ANSWERThe commissioner must
conduct an investigation
When a licensee leaves a broker, the license:
Goes with the licensee
Is sent to the real estate department
Remains on the broker's wall
Is automatically terminated - ANSWERIs sent to the real estate department
When the commissioner receives a written complaint against a licensee:
The commissioner will automatically suspend the license
The commissioner will revoke the license
