AZ REAL ESTATE TEST QUESTIONS
COMPLETE EXAM 2026 STUDY
QUESTIONS WITH CORRECT
SOLUTIONS 100% GUARANTEED PASS |
ASSURED A+
,AZ REAL ESTATE TEST QUESTIONS COMPLETE
EXAM 2026 STUDY QUESTIONS WITH CORRECT
SOLUTIONS 100% GUARANTEED PASS | ASSURED A+
You bought a home for $375,000 which was 20% less than the list price and sold the home for
10% more than the list price. What was your percentage of profit? - Answer>>> 38%
(profit\original cost = % of profit)
A buyer is buying a house and there is storage shed in the yard. At what point would the seller
have the right to remove it? - Answer>>> If it is agreed to in the purchase contract that it does
not convey
12 brokers who practice real estate in the same area of town had a meeting and decided to set
their commissions at a level that would make it difficult for new real estate companies to move
into their market area. These brokers have? - Answer>>> Violated the Sherman Anti-Trust Act
A tenant moves out of a property with $1,250 in damages. The tenant has $1,000 security deposit
and leaves behind a $250 gaming system when moving out. The tenant subsequently demands to
have the deposit and gaming system returned. Which of the following is true? - Answer>>>
Landlord has right to security deposit and tenant has right to gaming system
According to Arizona's groundwater act of 1980, which of the following is not true? -
Answer>>> A new subdivision scheduled to be built in an AMA can obtain a public report
without a certificate of assured water supply
A beneficiary deed has been recorded and now the property owner decides to sell his home. The
property owner dies before the closing and didn't revoke the beneficiary deed. What happens? -
Answer>>> The contract is still binding and the beneficiary needs to convey the property in
accordance with the contract
For a married couple, which of the following would obligate both husband and wife under
Arizona's community property laws? - Answer>>> Six month lease with only the wife's
signature on the lease for a child going off to college
, The seller has already accepted the buyers offer on a residential property and 3 days after escrow
has been opened, the listing agent discovers that an improvement is located too close to the
property line. What should the listing agent do? - Answer>>> Notify the buyer immediately and
disclose
Which of the following can stop/delay a foreclosure on your home? - Answer>>> Bankruptcy
Barb and Justin have been married for 5 years and now file for divorce. Which of the following
in their settlement would not be considered community property? - Answer>>> The gifted
inheritance Justin received from his grandfather
Brain is a real estate agent in AZ and has a good friend who just wrote a contract with a "for sale
by owner" The friend was not represented by Brian but now asks if he will look over her contract
and give advice. What should Brian do in this situation? - Answer>>> Recommend that his
friend hire an attorney
All of the following would void a homestead, except? - Answer>>> Spouse remains in the house
Name the hazardous substance which is highly friable and was banned in 1978? - Answer>>>
Asbtesos
Of the following liens, which one would be second in line regarding priority? - Answer>>>
Second year property tax lien
A husband and wife are buying a house in Arizona and have not declared how they will take
title. In this case, the type of ownership they will have is? - Answer>>> Community property
Which of the following is the exact classification of familial status? - Answer>>> Families with
children under the age of 18 living with them
The buyer gave their agent a promissory note as earnest money along with the purchase
agreement. Who should the promissory note be made out to? - Answer>>> Seller
Who of the following would not be entitled to a homestead exemption? - Answer>>> Family
Trust
The seller is selling her house, what needs to be disclosed to the buyers? - Answer>>> Home is
located in a superfund site
COMPLETE EXAM 2026 STUDY
QUESTIONS WITH CORRECT
SOLUTIONS 100% GUARANTEED PASS |
ASSURED A+
,AZ REAL ESTATE TEST QUESTIONS COMPLETE
EXAM 2026 STUDY QUESTIONS WITH CORRECT
SOLUTIONS 100% GUARANTEED PASS | ASSURED A+
You bought a home for $375,000 which was 20% less than the list price and sold the home for
10% more than the list price. What was your percentage of profit? - Answer>>> 38%
(profit\original cost = % of profit)
A buyer is buying a house and there is storage shed in the yard. At what point would the seller
have the right to remove it? - Answer>>> If it is agreed to in the purchase contract that it does
not convey
12 brokers who practice real estate in the same area of town had a meeting and decided to set
their commissions at a level that would make it difficult for new real estate companies to move
into their market area. These brokers have? - Answer>>> Violated the Sherman Anti-Trust Act
A tenant moves out of a property with $1,250 in damages. The tenant has $1,000 security deposit
and leaves behind a $250 gaming system when moving out. The tenant subsequently demands to
have the deposit and gaming system returned. Which of the following is true? - Answer>>>
Landlord has right to security deposit and tenant has right to gaming system
According to Arizona's groundwater act of 1980, which of the following is not true? -
Answer>>> A new subdivision scheduled to be built in an AMA can obtain a public report
without a certificate of assured water supply
A beneficiary deed has been recorded and now the property owner decides to sell his home. The
property owner dies before the closing and didn't revoke the beneficiary deed. What happens? -
Answer>>> The contract is still binding and the beneficiary needs to convey the property in
accordance with the contract
For a married couple, which of the following would obligate both husband and wife under
Arizona's community property laws? - Answer>>> Six month lease with only the wife's
signature on the lease for a child going off to college
, The seller has already accepted the buyers offer on a residential property and 3 days after escrow
has been opened, the listing agent discovers that an improvement is located too close to the
property line. What should the listing agent do? - Answer>>> Notify the buyer immediately and
disclose
Which of the following can stop/delay a foreclosure on your home? - Answer>>> Bankruptcy
Barb and Justin have been married for 5 years and now file for divorce. Which of the following
in their settlement would not be considered community property? - Answer>>> The gifted
inheritance Justin received from his grandfather
Brain is a real estate agent in AZ and has a good friend who just wrote a contract with a "for sale
by owner" The friend was not represented by Brian but now asks if he will look over her contract
and give advice. What should Brian do in this situation? - Answer>>> Recommend that his
friend hire an attorney
All of the following would void a homestead, except? - Answer>>> Spouse remains in the house
Name the hazardous substance which is highly friable and was banned in 1978? - Answer>>>
Asbtesos
Of the following liens, which one would be second in line regarding priority? - Answer>>>
Second year property tax lien
A husband and wife are buying a house in Arizona and have not declared how they will take
title. In this case, the type of ownership they will have is? - Answer>>> Community property
Which of the following is the exact classification of familial status? - Answer>>> Families with
children under the age of 18 living with them
The buyer gave their agent a promissory note as earnest money along with the purchase
agreement. Who should the promissory note be made out to? - Answer>>> Seller
Who of the following would not be entitled to a homestead exemption? - Answer>>> Family
Trust
The seller is selling her house, what needs to be disclosed to the buyers? - Answer>>> Home is
located in a superfund site
