ARIZONA REAL ESTATE SALESPERSON
LATEST TEST EXAM 2026/2027
COMPLETE STUDY QUESTIONS WITH
CORRECT ANSWERS 100%
GUARANTEED PASS | RATED A+
,ARIZONA REAL ESTATE SALESPERSON LATEST TEST
EXAM 2026/2027 COMPLETE STUDY QUESTIONS WITH
CORRECT ANSWERS 100% GUARANTEED PASS | RATED A+
If a corporation buys a piece of land, the tenancy is called.... - Answer>>> In severalty. The
"individual" that owns the property in severalty may be a corporation; an "artificial person." The
fact that the corporation is comprised of shareholders does not determine the form of ownership
Can a subcontractor in a commercial project file a lien against the entire property or just the
leasehold interest of the person who hired the him? - Answer>>> Only can file against the
owner's leasehold interest.
If a licensee finds a buyer for Mr. Wilson, but Mrs. Wilson refuses to sign the contract, are both
Mr. and Mrs. Wilson responsible? - Answer>>> Yes. Assuming both signed the listing
agreement.
If an escrow is opened by a salesperson, but his broker's license is suspended thereafter, may the
salesperson still receive his commission? - Answer>>> Yes.
If a broker advertises for a real estate salesperson to work "certain" hours, and weekends, is that
person a part-time agent or an employee or an independent contractor? - Answer>>> Employee.
If a question says that brokers conspired and a victim suffered a $10,000 loss, what is the answer
in terms of damages? - Answer>>> Treble damages ($30,000) plus attorney's fees and costs.
Under an exclusive agency, if the seller sells the property himself, does the broker get a
commission? - Answer>>> No.
Can an owner-occupied residence be depreciated? - Answer>>> No. Only a rental/leased out
property can be depreciated (one that you own but lease to someone else).
If property is to be depreciated, must it be "improved" OR have "fee simple ownership?" -
Answer>>> Improved (if you lease a place but not own it and improve it you can still depreciate
your improvements).
,May a salesperson enter into dual agency (buyer and seller) if it is disclosed in writing to both
buyer and seller? - Answer>>> Yes.
A seller/broker relationship can be described as principal/______________? - Answer>>>
Agent.
A procuring cause dispute is most likely to occur with agents working with which type of listing?
- Answer>>> Open listing.
If a listing broker dies, can his son take over the listings by informing the sellers of the transfer
and asking the real estate department for approval? - Answer>>> No. He must re-write and
negotiate all listings.
Is the broker-seller relationship best defined as "contractual" or "fiduciary?" - Answer>>>
Fiduciary.
Is an open listing between a seller and broker more bilateral or unilateral? - Answer>>>
Unilateral. It's an offer by the seller to any broker to sell the property, so it's one-sided.
Does a listing change because the salesperson has changed? - Answer>>> No.
Can a bankruptcy by a seller terminate a listing? - Answer>>> Yes.
What are the 6 duties owed by the listing broker to the seller/principal? - Answer>>> Loyalty.
Confidentiality. Disclosure. Obedience. Reasonable care and diligence. Accountability.
Is "acquiescence" a duty owned by the broker to the principal? - Answer>>> No.
For an "exclusive agency" listing, it is true that it could not go into multiple listing? -
Answer>>> False.
Can brokers use a sub-agent in an "exclusive listing" and still be paid a commission? -
Answer>>> Yes.
In order to ensure getting paid a commission in an open listing, the broker must make sure he has
a __________? - Answer>>> Signed listing contract.
, In an open listing, does the fact that the broker obtained the highest bid take precedence over
whether the broker has a signed listing contract in order to get his commission? - Answer>>>
No. The signed listing contract is what is key to a broker's ability to collect a commission.
A seller tells a broker not to disclose he is going through with a divorce to the buyer? Does the
broker have to tell the buyer this if he is asked? - Answer>>> No. The broker may decline to
answer. But the broker cannot deny it, either. Just decline to answer. The broker must keep the
buyer's confidence but can't lie to the seller, so the broker can only refuse to answer.
May a salesperson continue to work on a contract that is in escrow even though the listing
contract has expired? - Answer>>> Yes.
When a buyer signed a contract to purchase, what sort of title does he get? - Answer>>>
Equitable.
Is a contract without a legal description of the property better described as "void" (illegal) or
"unenforceable?" - Answer>>> Unenforceable.
Does a property management agreement continue even after the death of the owner? -
Answer>>> No. Terminates upon death.
If a person (buyer) wants to buy a property in the future, but also wants the right to decline the
seller's offering price, that is called a ______________________? - Answer>>> First right of
refusal.
Do both the buyer and seller have to initial changes upon a counter offer? - Answer>>> Yes.
What the primary difference between an option contract and a purchase contract? - Answer>>>
The option contract does not have to be consummated.
If a contract has been signed, but title has not passed, is the contract "executory" or "executed?" -
Answer>>> Executory (not sure why). Seems like signing means executed, but because the title
has not transferred, it's not done yet, so who knows.
Does an option to buy become binding when the option to buy is signed, or when the option to
buy is exercised? - Answer>>> When it is exercised.
LATEST TEST EXAM 2026/2027
COMPLETE STUDY QUESTIONS WITH
CORRECT ANSWERS 100%
GUARANTEED PASS | RATED A+
,ARIZONA REAL ESTATE SALESPERSON LATEST TEST
EXAM 2026/2027 COMPLETE STUDY QUESTIONS WITH
CORRECT ANSWERS 100% GUARANTEED PASS | RATED A+
If a corporation buys a piece of land, the tenancy is called.... - Answer>>> In severalty. The
"individual" that owns the property in severalty may be a corporation; an "artificial person." The
fact that the corporation is comprised of shareholders does not determine the form of ownership
Can a subcontractor in a commercial project file a lien against the entire property or just the
leasehold interest of the person who hired the him? - Answer>>> Only can file against the
owner's leasehold interest.
If a licensee finds a buyer for Mr. Wilson, but Mrs. Wilson refuses to sign the contract, are both
Mr. and Mrs. Wilson responsible? - Answer>>> Yes. Assuming both signed the listing
agreement.
If an escrow is opened by a salesperson, but his broker's license is suspended thereafter, may the
salesperson still receive his commission? - Answer>>> Yes.
If a broker advertises for a real estate salesperson to work "certain" hours, and weekends, is that
person a part-time agent or an employee or an independent contractor? - Answer>>> Employee.
If a question says that brokers conspired and a victim suffered a $10,000 loss, what is the answer
in terms of damages? - Answer>>> Treble damages ($30,000) plus attorney's fees and costs.
Under an exclusive agency, if the seller sells the property himself, does the broker get a
commission? - Answer>>> No.
Can an owner-occupied residence be depreciated? - Answer>>> No. Only a rental/leased out
property can be depreciated (one that you own but lease to someone else).
If property is to be depreciated, must it be "improved" OR have "fee simple ownership?" -
Answer>>> Improved (if you lease a place but not own it and improve it you can still depreciate
your improvements).
,May a salesperson enter into dual agency (buyer and seller) if it is disclosed in writing to both
buyer and seller? - Answer>>> Yes.
A seller/broker relationship can be described as principal/______________? - Answer>>>
Agent.
A procuring cause dispute is most likely to occur with agents working with which type of listing?
- Answer>>> Open listing.
If a listing broker dies, can his son take over the listings by informing the sellers of the transfer
and asking the real estate department for approval? - Answer>>> No. He must re-write and
negotiate all listings.
Is the broker-seller relationship best defined as "contractual" or "fiduciary?" - Answer>>>
Fiduciary.
Is an open listing between a seller and broker more bilateral or unilateral? - Answer>>>
Unilateral. It's an offer by the seller to any broker to sell the property, so it's one-sided.
Does a listing change because the salesperson has changed? - Answer>>> No.
Can a bankruptcy by a seller terminate a listing? - Answer>>> Yes.
What are the 6 duties owed by the listing broker to the seller/principal? - Answer>>> Loyalty.
Confidentiality. Disclosure. Obedience. Reasonable care and diligence. Accountability.
Is "acquiescence" a duty owned by the broker to the principal? - Answer>>> No.
For an "exclusive agency" listing, it is true that it could not go into multiple listing? -
Answer>>> False.
Can brokers use a sub-agent in an "exclusive listing" and still be paid a commission? -
Answer>>> Yes.
In order to ensure getting paid a commission in an open listing, the broker must make sure he has
a __________? - Answer>>> Signed listing contract.
, In an open listing, does the fact that the broker obtained the highest bid take precedence over
whether the broker has a signed listing contract in order to get his commission? - Answer>>>
No. The signed listing contract is what is key to a broker's ability to collect a commission.
A seller tells a broker not to disclose he is going through with a divorce to the buyer? Does the
broker have to tell the buyer this if he is asked? - Answer>>> No. The broker may decline to
answer. But the broker cannot deny it, either. Just decline to answer. The broker must keep the
buyer's confidence but can't lie to the seller, so the broker can only refuse to answer.
May a salesperson continue to work on a contract that is in escrow even though the listing
contract has expired? - Answer>>> Yes.
When a buyer signed a contract to purchase, what sort of title does he get? - Answer>>>
Equitable.
Is a contract without a legal description of the property better described as "void" (illegal) or
"unenforceable?" - Answer>>> Unenforceable.
Does a property management agreement continue even after the death of the owner? -
Answer>>> No. Terminates upon death.
If a person (buyer) wants to buy a property in the future, but also wants the right to decline the
seller's offering price, that is called a ______________________? - Answer>>> First right of
refusal.
Do both the buyer and seller have to initial changes upon a counter offer? - Answer>>> Yes.
What the primary difference between an option contract and a purchase contract? - Answer>>>
The option contract does not have to be consummated.
If a contract has been signed, but title has not passed, is the contract "executory" or "executed?" -
Answer>>> Executory (not sure why). Seems like signing means executed, but because the title
has not transferred, it's not done yet, so who knows.
Does an option to buy become binding when the option to buy is signed, or when the option to
buy is exercised? - Answer>>> When it is exercised.
