ASREB State Test B-1 Questions and
Answers 100% Pass
Before the commissioner issues a public report on subdivided land, the subdivider may
not:
Take lot reservations
Enter into a binding contract
Advertise the lots for sale
Begin lot improvements - ✔✔Enter into a binding contract
All of the following can be used in a developer's public report advertisement EXCEPT:
Specific prices
A statement which says, "The public report is an endorsement of the project"
Names of the owners and past history
Future plans of the general area - ✔✔A statement which says, "The public report is an
endorsement of the project"
How long are the real estate exam tests scores valid for?
100% Pass Guarantee Olivia West, All Rights Reserved © 2025 1
,One year
Two years
Three years
Four years - ✔✔One year
How long does a broker doing sales need to keep records?
2 years
3 years
4 years
5 years - ✔✔5 years
The commissioner may deny a public report for all of the following reasons EXCEPT:
The property is without ingress or egress
The owners have previously declared bankruptcy
The owner can't produce perfect title
The owner can't produce marketable title - ✔✔The owner can't produce perfect title
All listings must be in writing to be enforceable according to:
Arizona Constitution Article XXVI
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, Law of Agency
Arizona Revised Statutes
RESPA - ✔✔Arizona Revised Statutes
The commissioner has the power to do all of the following EXCEPT:
Prescribe rules and regulations
Investigate signed written complaints
Examine office records
Create real estate statutes - ✔✔Create real estate statutes
After passing the real estate exam, a licensee must activate his license within:
Six months of the examination date
Six months of notification of passing the test
One year of the examination date
Three years of the examination date - ✔✔One year of the examination date
Unless otherwise specified, a broker is required to deposit earnest monies in escrow or
in a trust account:
Upon the buyer's acceptance
Upon seller's acceptance
100% Pass Guarantee Olivia West, All Rights Reserved © 2025 3
Answers 100% Pass
Before the commissioner issues a public report on subdivided land, the subdivider may
not:
Take lot reservations
Enter into a binding contract
Advertise the lots for sale
Begin lot improvements - ✔✔Enter into a binding contract
All of the following can be used in a developer's public report advertisement EXCEPT:
Specific prices
A statement which says, "The public report is an endorsement of the project"
Names of the owners and past history
Future plans of the general area - ✔✔A statement which says, "The public report is an
endorsement of the project"
How long are the real estate exam tests scores valid for?
100% Pass Guarantee Olivia West, All Rights Reserved © 2025 1
,One year
Two years
Three years
Four years - ✔✔One year
How long does a broker doing sales need to keep records?
2 years
3 years
4 years
5 years - ✔✔5 years
The commissioner may deny a public report for all of the following reasons EXCEPT:
The property is without ingress or egress
The owners have previously declared bankruptcy
The owner can't produce perfect title
The owner can't produce marketable title - ✔✔The owner can't produce perfect title
All listings must be in writing to be enforceable according to:
Arizona Constitution Article XXVI
100% Pass Guarantee Olivia West, All Rights Reserved © 2025 2
, Law of Agency
Arizona Revised Statutes
RESPA - ✔✔Arizona Revised Statutes
The commissioner has the power to do all of the following EXCEPT:
Prescribe rules and regulations
Investigate signed written complaints
Examine office records
Create real estate statutes - ✔✔Create real estate statutes
After passing the real estate exam, a licensee must activate his license within:
Six months of the examination date
Six months of notification of passing the test
One year of the examination date
Three years of the examination date - ✔✔One year of the examination date
Unless otherwise specified, a broker is required to deposit earnest monies in escrow or
in a trust account:
Upon the buyer's acceptance
Upon seller's acceptance
100% Pass Guarantee Olivia West, All Rights Reserved © 2025 3
