ASREB Arizona specific B1-B3 (green packet) Exam Questions and Answers 100% Pass

ASREB Arizona specific B1-B3 (green packet) Exam Questions and Answers 100% Pass Before the commissioner issues a public report, the subdivider can: - Take lot reservations Advertise lots for sale Begin lot improvements (Can't enter into a bonding contract) These can be used in a developers public report: - 1. Specific prices 2. Names of owners and past history 3. Future plans of the general area (Can't say "this public report is an endorsement of the project) 2100% Pass Guarantee Olivia West, All Rights Reserved © 2025 How long are real estate exam tests scores valid for? - One year How long does a broker doing sales need to keep records? - 5 years The commissioner may deny a public report because: - 1. The property is without ingress or egress 2. The owners have previously declared bankruptcy 3. The owner can't produce marketable title All listings must be in writing according to: - Arizona revised statutes The commissioner has the power to: - 1. Prescribe rules and regulations 2. Investigate signed written complaints 3. Examine office records (Does not have power to create real estate statutes) After passing the real estate exam a licensee must activate his license within: - One year of exam date A broker is required to deposit earnest money In escrow or trust account: - By close of the next business day 3100% Pass Guarantee Olivia West, All Rights Reserved © 2025 The commissioner will deny a public report on a subdivision bc of the subdividers inability to: - Deliver clear title Who may accept a commission from an out of state broker? - The referring brokerage If a broker moves or abandons their office and fails to notify the commissioner, their license will be: - Cancelled A broker receives an oral offer over the phone. The broker should: - Present the oral offer According to AZ article XXVI a licensee may not: - Charge for document preparation 90 days of Residence is NOT required for: - A sales licensee in AZ A broker cannot charge for: - Document preparation