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 2026 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 - Correct Answer Enter 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 - Correct Answer A statement which says, "The public report is an endorsement of the project" How long are the real estate exam tests scores valid for? One year Two years Three years Four years - Correct Answer One year How long does a broker doing sales need to keep records? 2 years 3 years 4 years 5 years - Correct Answer 5 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 - Correct Answer The 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 - Correct Answer Arizona 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 - Correct Answer Create 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 - Correct Answer One 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
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