AZ FINAL ACTUAL EXAM 2026
2027 VERIFIED ANSWERS
ACTUAL UPDATED PRACTICE
QUESTIONS HIGH YIELD
STUDY GUIDE EXAM PREP
MATERIAL LATEST VERSION
REAL EXAM QUESTIONS AND
ANSWERS GRADED A+
SUCCESS PACK REVIEW
EDITION
1.Who does a salesperson represent?
Select one:
a.The seller
b.The buyer
c.The cooperating broker
d.The employing broker - Correct Answer-The employing broker
2.An agreement to waiver prior rights in favor of another is:
Select one:
a.Subordination
b.Subrogation
c.Subornation
d.Subjugation - Correct Answer-Subordination
,
,3.Arizona law requires which of the following to appear on the face of the
listing contract? Select one:
a.Street address
b.Annual taxes
c.Mortgages balance
d.Expiration date - Correct Answer-Expiration date
4.In order to file a valid claim against the Arizona Real Estate Recovery Fund, all of the
following conditions must exist EXCEPT:
Select one:
a.The commissioner must be notified at the time civil action begins
b.The claimant must obtain a civil judgment that is uncollectible
c.The claimant must be an Arizona resident
d.The claimant must file suit within five years - Correct Answer-The claimant must be an
Arizona resident
5.If a lender charges $125 for an application fee $45 for a credit check, $475 for an
appraisal and two points on a property purchased for $289,000, with a $58,000 down
payment, what are the total financing costs?
Select one: a.$645
b.$5,265
c.$6,425
d.$4,790 - Correct Answer-$5,265
6.Familial status as defined by the Federal Fair Housing Act as amended in 1988,
includes: Select one:
a.Any person residing with a parent or guardian
b.Families with children under the age of 18
c.Families with dependent children regardless of their ages
d.Families that consist of at least one person 55 years of age or older - Correct
AnswerFamilies with children under the age of 18
7.At the end of the two-year license period, a licensee has NOT completed the required
education courses to allow renewal of the license. The license is:
Select one:
a.Automatically reinstated for 30 days
b.Automatically reinstated for 6 months
c.Automatically reinstated for one year
d.Expired - Correct Answer-Expired
8.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 -
Correct Answer-The recording of a deed gives constructive notice
9.Charged Electric contracted with General Construction Corp to complete certain
electrical wiring on a building being developed by Developer Co. The project started on
September 15, 1999 and Charged Electric completed their part of the project on
November 15, 1999. The project was completed on December 31, 1999. Charged Electric
was not paid for its work and had previously given proper notice of its lien rights and
recorded a mechanics lien against the building developed by Developer Co. on March 15,
2000. The lien was:
Select one:
a.A valid lien against the building since it was recorded before 120 days after completion
of the project
b.Not a valid lien because Charged Electric was engaged by General Construction
Corp.
c.Not a valid lien since the lien was recorded more than 60 days after Charged Electric
completed their work.
d.Not a valid lien since the lien was recorded more than 60 days after completion of the
building. - Correct Answer-A valid lien against the building since it was recorded before 120
days after completion of the project
,
, ,
It is discovered after a sale that the parcel is 20 percent smaller than the owner
represented it to be. The broker, who passed on the information to the buyer is:
Select one:
a.Not liable as long as he only repeated seller data
b.Not liable if the buyer actually saw what he was getting
c.Not liable if the misrepresentation was unintentional
d.Liable if he knew or should have known of the difference - Correct Answer-Liable if he
knew or should have known of the difference
Following the acceptance of a listing by a broker which laws govern the actions of the
parties to the contract?
Select one:
a.The Laws of Retribution
b.The Laws of Novation
c.The Laws of Agency
d.Common Law - Correct Answer-The Laws of Agency
Mutual assent to a real estate contract is ordinarily indicated by: Select
one:
a.Attestation
b.Offer and acceptance
c.Acknowledgement
d.Grantee's signature - Correct Answer-Offer and acceptance
Gail leased a commercial building to Sam for ten years. After six months, Sam moved
out without notice. Gail advertised for a tenant. Gail's actions most likely relate to:
Select one: a.
Liquidated damages
b.
Mitigation of damages
c.
Punitive damages
d.
Severance damages - Correct Answer-Mitigation of damages
Condominium ownership is MOST commonly represented by a:
Select one: a.Deed
b.Stock
c.Bill of sale
d.Proprietary - Correct Answer-Deed
,
2027 VERIFIED ANSWERS
ACTUAL UPDATED PRACTICE
QUESTIONS HIGH YIELD
STUDY GUIDE EXAM PREP
MATERIAL LATEST VERSION
REAL EXAM QUESTIONS AND
ANSWERS GRADED A+
SUCCESS PACK REVIEW
EDITION
1.Who does a salesperson represent?
Select one:
a.The seller
b.The buyer
c.The cooperating broker
d.The employing broker - Correct Answer-The employing broker
2.An agreement to waiver prior rights in favor of another is:
Select one:
a.Subordination
b.Subrogation
c.Subornation
d.Subjugation - Correct Answer-Subordination
,
,3.Arizona law requires which of the following to appear on the face of the
listing contract? Select one:
a.Street address
b.Annual taxes
c.Mortgages balance
d.Expiration date - Correct Answer-Expiration date
4.In order to file a valid claim against the Arizona Real Estate Recovery Fund, all of the
following conditions must exist EXCEPT:
Select one:
a.The commissioner must be notified at the time civil action begins
b.The claimant must obtain a civil judgment that is uncollectible
c.The claimant must be an Arizona resident
d.The claimant must file suit within five years - Correct Answer-The claimant must be an
Arizona resident
5.If a lender charges $125 for an application fee $45 for a credit check, $475 for an
appraisal and two points on a property purchased for $289,000, with a $58,000 down
payment, what are the total financing costs?
Select one: a.$645
b.$5,265
c.$6,425
d.$4,790 - Correct Answer-$5,265
6.Familial status as defined by the Federal Fair Housing Act as amended in 1988,
includes: Select one:
a.Any person residing with a parent or guardian
b.Families with children under the age of 18
c.Families with dependent children regardless of their ages
d.Families that consist of at least one person 55 years of age or older - Correct
AnswerFamilies with children under the age of 18
7.At the end of the two-year license period, a licensee has NOT completed the required
education courses to allow renewal of the license. The license is:
Select one:
a.Automatically reinstated for 30 days
b.Automatically reinstated for 6 months
c.Automatically reinstated for one year
d.Expired - Correct Answer-Expired
8.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 -
Correct Answer-The recording of a deed gives constructive notice
9.Charged Electric contracted with General Construction Corp to complete certain
electrical wiring on a building being developed by Developer Co. The project started on
September 15, 1999 and Charged Electric completed their part of the project on
November 15, 1999. The project was completed on December 31, 1999. Charged Electric
was not paid for its work and had previously given proper notice of its lien rights and
recorded a mechanics lien against the building developed by Developer Co. on March 15,
2000. The lien was:
Select one:
a.A valid lien against the building since it was recorded before 120 days after completion
of the project
b.Not a valid lien because Charged Electric was engaged by General Construction
Corp.
c.Not a valid lien since the lien was recorded more than 60 days after Charged Electric
completed their work.
d.Not a valid lien since the lien was recorded more than 60 days after completion of the
building. - Correct Answer-A valid lien against the building since it was recorded before 120
days after completion of the project
,
, ,
It is discovered after a sale that the parcel is 20 percent smaller than the owner
represented it to be. The broker, who passed on the information to the buyer is:
Select one:
a.Not liable as long as he only repeated seller data
b.Not liable if the buyer actually saw what he was getting
c.Not liable if the misrepresentation was unintentional
d.Liable if he knew or should have known of the difference - Correct Answer-Liable if he
knew or should have known of the difference
Following the acceptance of a listing by a broker which laws govern the actions of the
parties to the contract?
Select one:
a.The Laws of Retribution
b.The Laws of Novation
c.The Laws of Agency
d.Common Law - Correct Answer-The Laws of Agency
Mutual assent to a real estate contract is ordinarily indicated by: Select
one:
a.Attestation
b.Offer and acceptance
c.Acknowledgement
d.Grantee's signature - Correct Answer-Offer and acceptance
Gail leased a commercial building to Sam for ten years. After six months, Sam moved
out without notice. Gail advertised for a tenant. Gail's actions most likely relate to:
Select one: a.
Liquidated damages
b.
Mitigation of damages
c.
Punitive damages
d.
Severance damages - Correct Answer-Mitigation of damages
Condominium ownership is MOST commonly represented by a:
Select one: a.Deed
b.Stock
c.Bill of sale
d.Proprietary - Correct Answer-Deed
,
