AZ REAL ESTATE COMPREHENSIVE EXAM 2026
COMPLETE QUESTIONS AND VERIFIED
SOLUTIONS
◉ A preliminary title report would tell you all of the following
except:
Tax liens
Easements
Judgments requiring resolution
Zoning. Answer: zoning
◉ The word "tenancy" describes:. Answer: a mode of holding
◉ Sue decides to put her broker's license on deposit in order to
reactivate her license as a salesperson. She then affiliates with
another broker and orders business cards that read: Sue Smith,
Broker. If she is acting as a salesperson, can she put "broker" on her
cards?. Answer: Yes, if she also includes the words "on deposit"
◉ What is the form of co-ownership in which two or more persons
each have an undivided interest in the property but no right of
survivorship?
-Tenancy at sufference
,-Joint Tenancy
-Tenancy in Common
-Tenancy by Entireties. Answer: Tenacy in Common
A and B both include a right of survivorship; tenancy at sufferance
deals with leasehold estates.
◉ The Smiths purchase a cooperative on the Gold Coast. What will
they receive at closing?. Answer: Shares of stock and a proprietary
lease
◉ What would not be considered commercial property?. Answer:
Churches
Churches are not considered to be commercial property; but are
special use property
◉ Which of the following is not properly included in the concept of
the power of eminent domain:. Answer: the right of government to
confiscate property from the owner
This right falls under police power because confiscation doesn't
allow for just compensation and eminent domain is a power with
just compensation.
◉ What is assessment value?. Answer: The value the property taxes
are based on
,◉ A buyer of a residential unit receives stock as a form of ownership.
This is best described as:
-Fee Simple Absolute
-Co-op
-Joint Tenancy. Answer: Cooperative
◉ What law creates an automatic lien on a commercial property,
subject to the listing agreement?. Answer: Broker Lien Law
◉ Chattel real would best be defined as:. Answer: personal property
◉ Which of the following would be an encumbrance and a lien?
-Encroachment
-Deed of Trust
-Easement
-Bill of Sale. Answer: Deed of Trust
A deed of trust is both an encumbrance and a lien.
◉ The act of the government taking private property for public use
is:. Answer: Condemnation
, ◉ Deed restrictions and zoning regulations are used to accomplish
which of the following?
-Allow for future tax assessments
-Prevent Uncontrolled Growth
-All of the Above. Answer: prevent uncontrolled growth
◉ Building codes are primarily enforced by:
-Building Laws
-Zoning Laws
-Issuance of permits
-None of Above. Answer: -Issuance of permits
◉ What is the most important factor a developer would take into
consideration in selecting a new area to develop?
-Cost
-Location
-Population
-Topography. Answer: Location
◉ Which of the following does not relate to appraising?
-Replacement Cost
-Assemblage
COMPLETE QUESTIONS AND VERIFIED
SOLUTIONS
◉ A preliminary title report would tell you all of the following
except:
Tax liens
Easements
Judgments requiring resolution
Zoning. Answer: zoning
◉ The word "tenancy" describes:. Answer: a mode of holding
◉ Sue decides to put her broker's license on deposit in order to
reactivate her license as a salesperson. She then affiliates with
another broker and orders business cards that read: Sue Smith,
Broker. If she is acting as a salesperson, can she put "broker" on her
cards?. Answer: Yes, if she also includes the words "on deposit"
◉ What is the form of co-ownership in which two or more persons
each have an undivided interest in the property but no right of
survivorship?
-Tenancy at sufference
,-Joint Tenancy
-Tenancy in Common
-Tenancy by Entireties. Answer: Tenacy in Common
A and B both include a right of survivorship; tenancy at sufferance
deals with leasehold estates.
◉ The Smiths purchase a cooperative on the Gold Coast. What will
they receive at closing?. Answer: Shares of stock and a proprietary
lease
◉ What would not be considered commercial property?. Answer:
Churches
Churches are not considered to be commercial property; but are
special use property
◉ Which of the following is not properly included in the concept of
the power of eminent domain:. Answer: the right of government to
confiscate property from the owner
This right falls under police power because confiscation doesn't
allow for just compensation and eminent domain is a power with
just compensation.
◉ What is assessment value?. Answer: The value the property taxes
are based on
,◉ A buyer of a residential unit receives stock as a form of ownership.
This is best described as:
-Fee Simple Absolute
-Co-op
-Joint Tenancy. Answer: Cooperative
◉ What law creates an automatic lien on a commercial property,
subject to the listing agreement?. Answer: Broker Lien Law
◉ Chattel real would best be defined as:. Answer: personal property
◉ Which of the following would be an encumbrance and a lien?
-Encroachment
-Deed of Trust
-Easement
-Bill of Sale. Answer: Deed of Trust
A deed of trust is both an encumbrance and a lien.
◉ The act of the government taking private property for public use
is:. Answer: Condemnation
, ◉ Deed restrictions and zoning regulations are used to accomplish
which of the following?
-Allow for future tax assessments
-Prevent Uncontrolled Growth
-All of the Above. Answer: prevent uncontrolled growth
◉ Building codes are primarily enforced by:
-Building Laws
-Zoning Laws
-Issuance of permits
-None of Above. Answer: -Issuance of permits
◉ What is the most important factor a developer would take into
consideration in selecting a new area to develop?
-Cost
-Location
-Population
-Topography. Answer: Location
◉ Which of the following does not relate to appraising?
-Replacement Cost
-Assemblage
