Real Estate test Arizona #5,197
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,What is the maximum security deposit allowed by the Arizona Landlord Tenant Act?
(a) First and last month's rent plus 1 1/2 months security
(b) 1 1/2 month's rent plus last month
(c) 1 1/2 month's rent
(d) One month rent - ANSWER✅✅(c) 1 1/2 month's rent
The word friable would most likely apply to which of the following?
(a) Superfund area
(b) Radon Gas
(c) Asbestos
(d) Lead based paint - ANSWER✅✅(c) Asbestos
Water table is defined as:
(a) Water in relation to sea level
(b) The level at which water will be located
(c) All surface water
(d) When potable water can be found - ANSWER✅✅(b) The level at which water will
be located
When a buyer representation fee is paid the money is payable to which of the
following:
(a) Escrow
(b) Employing broker
(c) Designated broker
(d) Salesperson - ANSWER✅✅(b) Employing broker
Who gives the right for a party to act in behalf of another in negotiations?
(a) Buyer
(b) Principal
(c) Broker
(d) Lender - ANSWER✅✅(b) Principal
A landlord is obligated to account for the tenant's security deposit (within):
(a) Twenty-one days of lease termination
(b) Fourteen business days of lease termination and demand
(c) Immediately upon termination of the tenancy
(d) Ten days after lease termination - ANSWER✅✅(b) Fourteen business days of
lease termination and demand
When do you file a mechanic's lien:
(a) Beginning of work
(b) Six months after completion
(c) After obtaining a judgment
(d) Completion of work - ANSWER✅✅(d) Completion of work
When parties agree to a contract this is called mutual assent, this is indicated by:
(a) The notary seal
, (b) Acknowledgment
(c) Offer and acceptance
(d) Close of escrow - ANSWER✅✅(c) Offer and acceptance
When a broker moves their office, the sign must be removed:
(a) Within 30 days
(b) Within 1 year
(c) Within six months
(d) Immediately - ANSWER✅✅(d) Immediately
When a salesperson leaves a brokerage office where does the license go?
(a) Is given to the salesperson to keep
(b) Remains with the broker
(c) Sent to the Board of Realtors within ten days
(d) Back to the Real Estate Department - ANSWER✅✅(d) Back to the Real Estate
Department
When action is brought in court to compel a party to carry out the terms of a
contract, this is called:
(a) specific performance
(b) time is of the essence
(c) liquidated damages
(d) voidable - ANSWER✅✅(a) specific performance
Amortizing a loan over 30 years that is to be paid in seven years is called:
(a) Annuity
(b) Alienation
(c) Level payment
(d) Balloon payment - ANSWER✅✅(d) Balloon payment
To determine the grounds ability to allow water to seep through it, what type of test
is done?
(a) Compaction
(b) Fissure
(c) Expansive Soil
(d) Percolation - ANSWER✅✅(d) Percolation
The two designations or classifications of water law in Arizona are:
(a) Navigable and non-navigable
(b) Flowing and stagnant
(c) Ground and surface
(d) None of these - ANSWER✅✅(c) Ground and surface
When you build a home twice the cost of those around you, the more expensive
property is likely to realize:
(a) Economic obsolescence
(b) Plottage obsolescence
Brand New Exam Questions With
(100%) Correct Answers, All Graded
A+|Guaranteed Success|Latest
Premium Expert Update 2025.
,What is the maximum security deposit allowed by the Arizona Landlord Tenant Act?
(a) First and last month's rent plus 1 1/2 months security
(b) 1 1/2 month's rent plus last month
(c) 1 1/2 month's rent
(d) One month rent - ANSWER✅✅(c) 1 1/2 month's rent
The word friable would most likely apply to which of the following?
(a) Superfund area
(b) Radon Gas
(c) Asbestos
(d) Lead based paint - ANSWER✅✅(c) Asbestos
Water table is defined as:
(a) Water in relation to sea level
(b) The level at which water will be located
(c) All surface water
(d) When potable water can be found - ANSWER✅✅(b) The level at which water will
be located
When a buyer representation fee is paid the money is payable to which of the
following:
(a) Escrow
(b) Employing broker
(c) Designated broker
(d) Salesperson - ANSWER✅✅(b) Employing broker
Who gives the right for a party to act in behalf of another in negotiations?
(a) Buyer
(b) Principal
(c) Broker
(d) Lender - ANSWER✅✅(b) Principal
A landlord is obligated to account for the tenant's security deposit (within):
(a) Twenty-one days of lease termination
(b) Fourteen business days of lease termination and demand
(c) Immediately upon termination of the tenancy
(d) Ten days after lease termination - ANSWER✅✅(b) Fourteen business days of
lease termination and demand
When do you file a mechanic's lien:
(a) Beginning of work
(b) Six months after completion
(c) After obtaining a judgment
(d) Completion of work - ANSWER✅✅(d) Completion of work
When parties agree to a contract this is called mutual assent, this is indicated by:
(a) The notary seal
, (b) Acknowledgment
(c) Offer and acceptance
(d) Close of escrow - ANSWER✅✅(c) Offer and acceptance
When a broker moves their office, the sign must be removed:
(a) Within 30 days
(b) Within 1 year
(c) Within six months
(d) Immediately - ANSWER✅✅(d) Immediately
When a salesperson leaves a brokerage office where does the license go?
(a) Is given to the salesperson to keep
(b) Remains with the broker
(c) Sent to the Board of Realtors within ten days
(d) Back to the Real Estate Department - ANSWER✅✅(d) Back to the Real Estate
Department
When action is brought in court to compel a party to carry out the terms of a
contract, this is called:
(a) specific performance
(b) time is of the essence
(c) liquidated damages
(d) voidable - ANSWER✅✅(a) specific performance
Amortizing a loan over 30 years that is to be paid in seven years is called:
(a) Annuity
(b) Alienation
(c) Level payment
(d) Balloon payment - ANSWER✅✅(d) Balloon payment
To determine the grounds ability to allow water to seep through it, what type of test
is done?
(a) Compaction
(b) Fissure
(c) Expansive Soil
(d) Percolation - ANSWER✅✅(d) Percolation
The two designations or classifications of water law in Arizona are:
(a) Navigable and non-navigable
(b) Flowing and stagnant
(c) Ground and surface
(d) None of these - ANSWER✅✅(c) Ground and surface
When you build a home twice the cost of those around you, the more expensive
property is likely to realize:
(a) Economic obsolescence
(b) Plottage obsolescence
