Real Estate ARIZONA STATE Practice Exam with 100% correct answers 2025

Real Estate ARIZONA STATE Practice
Exams

Question #1 of 80
Question ID: 1286612
Which of the following is true regarding all transactions and
compensation? A)
The exact dollar amount of the commissions for each employing
brokerage representing
the parties must be disclosed to all
parties. B)
The names of the brokerage firms representing the parties and receiving
compensation must be disclosed in writing to all parties before close of
escrow.
C)
Buyer and seller must consent in writing before any referral fee can be
paid to any brokerage.
D)
The Department of Real Estate must be notified if an out-of-state
broker is paid a referral fee. correct answersB)
The names of the brokerage firms representing the parties and receiving
compensation must be disclosed in writing to all parties before close of
escrow.

Question #2 of 80
Question ID: 1286667
If the property has been abandoned, and the holder of the certificate of
sale records a notice of abandonment, the statutory redemption period for
a sheriff's sale (judicial foreclosure sale) can be reduced to what time
frame?
A)
60
days B)
14
days
C)
0
days
D)
30
days
correc
t
answ
ersD)
30
days

Quest
ion
#3 of
80

,the interests of all parties to a
transaction. C)
the interests of the
client. D)
the bundle of rights. correct
answersC) the interests of the
client.

Question #4 of 80
Question ID: 1286656
If the landlord receives a notice of trustee's sale or other notice of
foreclosure on the property after a tenant has entered into a rental
agreement on the property, within how many days must the landlord
provide the tenant with written notice of the foreclosure and deed of trust
foreclosure sale?
A)
90
days
B)
5
days
C)
14 business
days D)
30 days correct
answersB) 5 days

Question #5 of 80
Question ID: 1286629
A master planned
community is A)
Six or more lots, parcels, or
fractional interests.
B)
Six or more lots, parcels, or fractional interests, each of which is 36
acres or more. C)
A real estate development that includes real estate owned and
operated by a nonprofit
HOA.
D)
two or more platted subdivisions with recorded covenants, conditions, and
restrictions (CC&Rs). correct answersD)
two or more platted subdivisions with recorded covenants, conditions, and
restrictions (CC&Rs).

Question #6 of 80
Question ID: 1286615
If a real estate licensee possesses information that materially and adversely
affects the consideration to be paid by any party to the transaction
A)
the licensee must disclose that information, in writing, to the potential
buyer only. B)

,the licensee must disclose that information to his
client only. C)
the licensee must disclose that information, in writing, to all parties to the
transaction. D)
the licensee must disclose that information either orally or in writing to
the opposing party. correct answersC)
the licensee must disclose that information, in writing, to all parties to
the transaction.

Question #7 of 80
Question ID: 1286652
A brokerage rents space in a commercial area of town and employs a full-
time staff of 30 people and 1,500 sales associates. The brokerage has a
strictly enforced policy that its associates must deal only in single-family
residential transactions. Must this brokerage be concerned with the
provisions of the Americans With Disabilities Act (ADA)?
A)
Yes, because the ADA applies to all businesses with 15 or more
employees. B)
Yes, because the ADA applies specifically to real estate
licensees. C)
No, because the ADA does not apply to single-family residential sales
transactions. D)
Yes, because the ADA applies to all businesses, no matter what the
nature of the business is. correct answersA)
Yes, because the ADA applies to all businesses with 15 or more
employees.

Question #8 of 80
Question ID: 1286611
A broker may represent both a buyer and a seller in a real estate
transaction and receive a commission from both, provided that
A)
the broker splits the commission with the
cooperating broker. B)
the total payment in commission does not exceed
the seller's full commission paid.
C)
the broker has received written consent from buyer
and seller. D)
the broker verbally disclosed to all parties per Statute
of Frauds. correct answersC)
the broker has received written consent from buyer
and seller.

Question #9 of 80
Question ID: 1286621
Joe has a valid exclusive right-to-sell listing on Mary and John Clark's home.
Joe enters the listing into the local MLS. This results in three valid offers to
purchase. Joe is legally obligated to submit
A)

, all offers
promptly.
B)
the highest offer
promptly. C)
all offers within three business
days. D)
only the highest offer, but tell his clients that there were two other offers
to pay less money. correct answersA)
all offers promptly.

Question #10 of 80
Question ID: 1286628
An Arizona landowner has moved a manufactured home onto his property
and affixed the home to the land. He has built a skirting, porch, and carport
for the home. He has removed all axles and wheels but has never recorded
any document with the county to give notice that the manufactured home
has been affixed. Now he is selling his home and the purchaser of the home
is getting a loan. What document will be required to transfer title of the
manufactured home to the purchaser?
A)
Affidavit of taxable personal
property B)
Affidavit of affixture
C)
Affidavit of life
estate D)
Affidavit of
permanence of
investment
correct answersB)
Affidavit of
affixture

Question #11 of
80
Question ID:
1286642
Water rights for water that is pumped from the land that is under
irrigation where the water may not be transported for use on other lands
are called
A)
grandfathered nonirrigation type 2
rights. B)
irrigation nonexpansive rights.
C)
grandfathered nonirrigation type 1
rights. D)
grandfathered irrigation rights.
correct answersD)
grandfathered irrigation rights.

Question #12 of 80
Question ID: 1286610
A broker may collect a commission from both buyer and

seller if A)