ASREB Arizona Specific A7-A9 (Green
Packet) Questions With Correct Answers
Regarding property management trust accounts: 1. Multiple properties can be in one trust
account
2. A salesperson can be a signatory on the trust account
3. A salesperson signatory may sign checks paying miscellaneous maintenance fees
Property management agreements do NOT deal with: Building age
If a property is damaged by fire and a tenant moves out, the tenant may: Terminate the
lease with a 14 day written notice
A property management agreement may be terminated by: Complying with any time
parameters in the agreement
To terminate a month to month lease you must give: 30 days notice
When a tenant fails to pay rent the landlord will first deliver to the tenant a: 5 day notice
A property management company is required to keep rental agreements upon expiration for:
One year
Packet) Questions With Correct Answers
Regarding property management trust accounts: 1. Multiple properties can be in one trust
account
2. A salesperson can be a signatory on the trust account
3. A salesperson signatory may sign checks paying miscellaneous maintenance fees
Property management agreements do NOT deal with: Building age
If a property is damaged by fire and a tenant moves out, the tenant may: Terminate the
lease with a 14 day written notice
A property management agreement may be terminated by: Complying with any time
parameters in the agreement
To terminate a month to month lease you must give: 30 days notice
When a tenant fails to pay rent the landlord will first deliver to the tenant a: 5 day notice
A property management company is required to keep rental agreements upon expiration for:
One year
