EXAM SCRIPT 2026 FULL QUESTIONS AND
ANSWERS ALREADY PASSED
◉ MLS. Answer: It's rare that sellers decline this opportunity, since
the MLS is the most powerful tool that real estate professionals have
at their disposal.
◉ Underground storage tanks. Answer: If they leak, they may
contaminate the surrounding soil and groundwater.
◉ Inverse condemnation. Answer: Because downzoning is a
reduction in use and can impact property values even in adjacent
properties, homeowners in the adjacent areas can file a claim for
inverse condemnation.
◉ Legal description. Answer: Legal descriptions, which appear on
deeds and other legal documents, provide a less ambiguous and
more complete description of a property than a street address does.
◉ Abandoned rental dwelling unit. Answer: Arizona law says that a
unit could be considered abandoned if no one has seen or heard
from the tenant for seven days, and the tenant hasn't contacted the
landlord.
,◉ Deed. Answer: The most likely place to find the legal description
of the property.
◉ Zoning change. Answer: Homeowners can require a zoning
change to their own property.
◉ Secondary mortgage market. Answer: Several actions take place
on the secondary mortgage market.
◉ Ten-day vacation. Answer: The tenant extended her 10-day
vacation to 14 days without notifying the landlord.
◉ Rent payment. Answer: The tenant's rent payment is past due by
seven days.
◉ Tenant's vehicle absence. Answer: The tenant's vehicle has been
absent from the unit's driveway for more than a week.
◉ Contaminated soil. Answer: Many substances if leaked have the
potential to contaminate the soil and groundwater.
◉ Property values. Answer: Downzoning can impact property values
even in adjacent properties.
,◉ Listing agreement. Answer: In every listing agreement, sellers
state whether they give permission for their property to be listed on
an MLS.
◉ Sellers. Answer: For most sellers, listing on the MLS is not cost
effective.
◉ Health issues. Answer: Radon is released into the soil and could
seep into surrounding homes, causing health issues.
◉ Real estate licensee. Answer: Sellers are required to list their
properties on the MLS if they're working with a real estate licensee.
◉ Heating oil. Answer: Underground storage tanks have been used
to hold a variety of substances, including heating oil.
◉ Home warranty. Answer: A home warranty is not where the legal
description is found.
◉ HOA covenant. Answer: An HOA covenant is not where the legal
description is found.
◉ Sue neighbors. Answer: Homeowners can sue their neighbors.
, ◉ Sell at a loss. Answer: Homeowners can sell at a loss and file a
claim.
◉ Mortgage-backed securities (MBSs). Answer: Loans are commonly
packaged into MBSs and sold to investors.
◉ Housing and Community Development Act of 1974. Answer: The
Housing and Development Act of 1974 added sex as a protected
class, which helped prevent discrimination and sexual harassment
for individuals seeking housing.
◉ Real estate licensee agent type. Answer: Real estate licensees
most often serve as special agents, also known as limited agents.
They have limited scope of authority when compared to a general
agent.
◉ Earnest money in purchase offers. Answer: Earnest money isn't
required to have a binding sales contract (although it's usually
required by the seller!). If no earnest money is provided, the
prospective buyer's only consideration is the promise to pay the
purchase price.