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AZ Real Estate Final Exam (2 Latest
Versions)/Arizona Real Estate Prep Exam
Featuring Accurate And Verified Questions
Covering State-Specific Real Estate Laws, Agency
Relationships, Property Ownership, Contracts,
Financing, Fair Housing, Disclosures,
All of the following are ways by which an offer to
purchase real estate would be terminated, EXCEPT:
a. Failure to accept the offer within a prescribed period
b. Revocation by offeror communicated to offeree after
acceptance
c. A conditional acceptance of the offer by offeree
d. Death or insanity of the offeror or offeree. -
....ANSWER ....✔✔ b. Revocation by offeror
communicated to offeree after acceptance
An owner gave an exclusive agency listing to broker Joe
and an open listing to broker Mary. Mary sold the
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property and was paid a commission. Which of the
following statements are CORRECT?
Select one:
a. Joe can report Mary to the Commission because she
took his commission.
b. Mary must share the fee with Joe.
c. Joe got nothing because he did not handle the sale.
d. Joe is due a full commission - ....ANSWER ....✔✔ d.
Joe is due a full commission
In Arizona, the statutory redemption period after a
judicial foreclosure is:
Select one:
a. One month
b. Three months
c. Six months
d. One year - ....ANSWER ....✔✔ c. Six months
Of the following, which would NOT be a government
limitation on property ownership?
Select one:
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a. Taxes
b. Police power
c. Escheat
d. Deed restrictions - ....ANSWER ....✔✔ d. Deed
restrictions
Regarding deeds, which of the following statements is
correct?
Select one:
a. A deed doesn't need to be in writing to be recorded
b. The recording of a deed gives constructive notice
c. Acknowledgement is not a prerequisite for recording
a deed
d. The grantee under an unrecorded deed cannot
enforce the deed against the grantor - ....ANSWER
....✔✔ b. The recording of a deed gives constructive
notice
Arizona law requires which of the following to appear
on the face of the listing contract?
Select one:
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a. Street address
b. Annual taxes
c. Mortgages balance
d. Expiration date - ....ANSWER ....✔✔ d. Expiration
date
The 1988 Civil Rights Act prohibits discrimination as to:
Select one:
a. Familial status and age
b. Age and sex
c. Physical or mental impairment and religion
d. Familial status and physical or mental impairment -
....ANSWER ....✔✔ d. Familial status and physical or
mental impairment
In Arizona, prior to obtaining a Public Report, a
subdivider may accept only:
Select one:
a. A ground lease
b. A building contract
AZ Real Estate Final Exam (2 Latest
Versions)/Arizona Real Estate Prep Exam
Featuring Accurate And Verified Questions
Covering State-Specific Real Estate Laws, Agency
Relationships, Property Ownership, Contracts,
Financing, Fair Housing, Disclosures,
All of the following are ways by which an offer to
purchase real estate would be terminated, EXCEPT:
a. Failure to accept the offer within a prescribed period
b. Revocation by offeror communicated to offeree after
acceptance
c. A conditional acceptance of the offer by offeree
d. Death or insanity of the offeror or offeree. -
....ANSWER ....✔✔ b. Revocation by offeror
communicated to offeree after acceptance
An owner gave an exclusive agency listing to broker Joe
and an open listing to broker Mary. Mary sold the
,2|Page
property and was paid a commission. Which of the
following statements are CORRECT?
Select one:
a. Joe can report Mary to the Commission because she
took his commission.
b. Mary must share the fee with Joe.
c. Joe got nothing because he did not handle the sale.
d. Joe is due a full commission - ....ANSWER ....✔✔ d.
Joe is due a full commission
In Arizona, the statutory redemption period after a
judicial foreclosure is:
Select one:
a. One month
b. Three months
c. Six months
d. One year - ....ANSWER ....✔✔ c. Six months
Of the following, which would NOT be a government
limitation on property ownership?
Select one:
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a. Taxes
b. Police power
c. Escheat
d. Deed restrictions - ....ANSWER ....✔✔ d. Deed
restrictions
Regarding deeds, which of the following statements is
correct?
Select one:
a. A deed doesn't need to be in writing to be recorded
b. The recording of a deed gives constructive notice
c. Acknowledgement is not a prerequisite for recording
a deed
d. The grantee under an unrecorded deed cannot
enforce the deed against the grantor - ....ANSWER
....✔✔ b. The recording of a deed gives constructive
notice
Arizona law requires which of the following to appear
on the face of the listing contract?
Select one:
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a. Street address
b. Annual taxes
c. Mortgages balance
d. Expiration date - ....ANSWER ....✔✔ d. Expiration
date
The 1988 Civil Rights Act prohibits discrimination as to:
Select one:
a. Familial status and age
b. Age and sex
c. Physical or mental impairment and religion
d. Familial status and physical or mental impairment -
....ANSWER ....✔✔ d. Familial status and physical or
mental impairment
In Arizona, prior to obtaining a Public Report, a
subdivider may accept only:
Select one:
a. A ground lease
b. A building contract
