ARIZONA REAL ESTATE PROPERTY
VALUATION AND APPRAISAL QUESTION
BANK 2026
◉ If the landlord fails to give the tenant a full accounting of the
security deposit within the required time, the landlord would be
liable for:
Answer: Twice the amount wrongfully held
◉ Before a tenant can exercise the self-help for minor defect
provision, the tenant must give the owner how many days to cure
the defect?
Answer: 10 days
◉ If the landlord fails to comply with the rental agreement, the
tenant may terminate the lease if the breach is not corrected in how
many days?
Answer: 10 days
◉ If the landlord fails to comply with the rental agreement in
matters affecting health and safety, the tenant may terminate the
lease if the breach is not corrected in how many days?
Answer: 5 days
,◉ Who could sign a property management agreement?
Answer: licensed sales people with a broker
◉ A property manager who collects rents and holds the money for
an owner must have;
Answer: A Trust Account
◉ A property manager has an agreement with a property
management company. The management company license expires.
What happens to the agreement?
Answer: The agreement will terminate when the management
company license expires
◉ Who may sign a commission check paid out of a broker's trust
account?
Answer: Only the Broker
◉ What is the maximum security deposit allowed by the Arizona
Landlord-Tenant Act?
Answer: 1-1/2 Month's Rent
◉ Who must provide the buyer with the homeowner's associate
rules for a complex having more than 50 units?
, Answer: The Association
◉ Before the commissioner issues a public report on subdivided
land, the subdivider may:
Answer: Enter into a binding contract
◉ What can be used in developer's public report advertisement?
Answer: Specific prices
Names of the owners and past history
Future plans on the general area
◉ How long are real estate exam tests good for?
Answer: 1 year
◉ How long does a broker doing sales need to keep records?
Answer: 5 years
◉ The commissioner may deny a public report because:
Answer: The property does not have ingress/egress
The owners have previous declared BK
Th owners can't produce maketable title
VALUATION AND APPRAISAL QUESTION
BANK 2026
◉ If the landlord fails to give the tenant a full accounting of the
security deposit within the required time, the landlord would be
liable for:
Answer: Twice the amount wrongfully held
◉ Before a tenant can exercise the self-help for minor defect
provision, the tenant must give the owner how many days to cure
the defect?
Answer: 10 days
◉ If the landlord fails to comply with the rental agreement, the
tenant may terminate the lease if the breach is not corrected in how
many days?
Answer: 10 days
◉ If the landlord fails to comply with the rental agreement in
matters affecting health and safety, the tenant may terminate the
lease if the breach is not corrected in how many days?
Answer: 5 days
,◉ Who could sign a property management agreement?
Answer: licensed sales people with a broker
◉ A property manager who collects rents and holds the money for
an owner must have;
Answer: A Trust Account
◉ A property manager has an agreement with a property
management company. The management company license expires.
What happens to the agreement?
Answer: The agreement will terminate when the management
company license expires
◉ Who may sign a commission check paid out of a broker's trust
account?
Answer: Only the Broker
◉ What is the maximum security deposit allowed by the Arizona
Landlord-Tenant Act?
Answer: 1-1/2 Month's Rent
◉ Who must provide the buyer with the homeowner's associate
rules for a complex having more than 50 units?
, Answer: The Association
◉ Before the commissioner issues a public report on subdivided
land, the subdivider may:
Answer: Enter into a binding contract
◉ What can be used in developer's public report advertisement?
Answer: Specific prices
Names of the owners and past history
Future plans on the general area
◉ How long are real estate exam tests good for?
Answer: 1 year
◉ How long does a broker doing sales need to keep records?
Answer: 5 years
◉ The commissioner may deny a public report because:
Answer: The property does not have ingress/egress
The owners have previous declared BK
Th owners can't produce maketable title
