Comprehensive arizona real estate state
actual exam questions and answers updated
2026/2027
A blanket mortgage usually contains which of the following?
a. closed-end clause
b. release clause
c. good faith estimate
d. due-on-sale clause - CORRECT ANS ***b. release clause
A broker and an owner discussed several types of listing agreements and decided upon an exclusive
right to sell. The broker drafted the listing, but the owner did not sign in. The broker subsequently
produced a willing buyer and demanded the commission from the owner based upon the exclusive right
to sell. The commission is:
a. Not due because the unsigned agreement amounts to a new listing.
b. Due because there is an implied contract between the broker and owner.
c. Due because an oral agreement is all that is required for an exclusive right to sell to be enforceable.
d. Not due because the agreement was not signed by the owner. - CORRECT ANS ***d. Not due because
the agreement was not signed by the owner.
Which of the following is NOT an appurtenance?
a. easement right
b. mineral right
c. water rights
d. trade fixtures - CORRECT ANS ***d. trade fixtures
Which of the following is NOT an encumbrance on real property?
a. lease
b. easement
c. homestead right
d. restrictive convenant - CORRECT ANS ***c. homestead right
,Which of the following liens would usually be classified as the prior lien?
a. mortgage date last year
b. the current real estate tax
c. a mechanic's lien for work that started before the mortgage was recorded
d. a judgement rendered yesterday - CORRECT ANS ***b. the current real estate tax
Which of the following MUST be included in an Arizona Real Estate Purchase Contract?
a. must state the form of earnest money deposit
b. notarized signatures of buyers and seller
c. must state the proportion settlement between buyer and seller
d. must state how title is to be taken - CORRECT ANS ***a. must state the form of earnest money
deposit
Which of the following restrictive covenants is MOST likely to be enforceable?
a. prohibits sales to blacks
b. prohibits resales for 20 years
c. prohibits use for anything other than single-family dwellings
d. absolutely prohibits any resales - CORRECT ANS ***c. prohibits use for anything other than single-
family dwellings
Which of the following statements is true regarding cooperative ownership:
a. a deed is issued to each unit
b. owner has a long-term proprietary lease
c. each unit has a separate note and deed to trust
d. the owner is a joint tenant with the other occupants - CORRECT ANS ***b. owner has a long-term
proprietary lease
Which of the following would be considered an exempt domestic well?
a. one with a maximum pump capacity of 50 gallons per minute
b. one with a maximum pump capacity of 35 gallons per minute
, c. any size pump used for domestic use
d. any size pump as long as notice is given of intent to drill - CORRECT ANS ***b. one with a maximum
pump capacity of 35 gallons per minute
Which of the following would NOT appear on a public report?
a. utilities
b. title condition
c. market value
d. legal description - CORRECT ANS ***c. market value
Which of the following would not be part of the Arizona Landlord Tenant Act?
a. security deposit regulations
b. property management agreement regulations
c. notices for eviction
d. notice period for condo conversion - CORRECT ANS ***b. property management agreement
regulations
Who may accept commission from an out-of-state broker? - CORRECT ANS ***the referring broker
With the permission of Will, Tom has used a shortcut over Will's land for more than 25 years in order to
get to the highway. Tom has a(n)
a. appurtenant easement
b. easement by implication
c. prescriptive easement
d. license - CORRECT ANS ***d. license
A situation in which the grantor becomes the lessee of the grantee is known as:
a. sublease
b. assignment
c. estate in reversion
d. sale and leaseback - CORRECT ANS ***d. sale and leaseback
actual exam questions and answers updated
2026/2027
A blanket mortgage usually contains which of the following?
a. closed-end clause
b. release clause
c. good faith estimate
d. due-on-sale clause - CORRECT ANS ***b. release clause
A broker and an owner discussed several types of listing agreements and decided upon an exclusive
right to sell. The broker drafted the listing, but the owner did not sign in. The broker subsequently
produced a willing buyer and demanded the commission from the owner based upon the exclusive right
to sell. The commission is:
a. Not due because the unsigned agreement amounts to a new listing.
b. Due because there is an implied contract between the broker and owner.
c. Due because an oral agreement is all that is required for an exclusive right to sell to be enforceable.
d. Not due because the agreement was not signed by the owner. - CORRECT ANS ***d. Not due because
the agreement was not signed by the owner.
Which of the following is NOT an appurtenance?
a. easement right
b. mineral right
c. water rights
d. trade fixtures - CORRECT ANS ***d. trade fixtures
Which of the following is NOT an encumbrance on real property?
a. lease
b. easement
c. homestead right
d. restrictive convenant - CORRECT ANS ***c. homestead right
,Which of the following liens would usually be classified as the prior lien?
a. mortgage date last year
b. the current real estate tax
c. a mechanic's lien for work that started before the mortgage was recorded
d. a judgement rendered yesterday - CORRECT ANS ***b. the current real estate tax
Which of the following MUST be included in an Arizona Real Estate Purchase Contract?
a. must state the form of earnest money deposit
b. notarized signatures of buyers and seller
c. must state the proportion settlement between buyer and seller
d. must state how title is to be taken - CORRECT ANS ***a. must state the form of earnest money
deposit
Which of the following restrictive covenants is MOST likely to be enforceable?
a. prohibits sales to blacks
b. prohibits resales for 20 years
c. prohibits use for anything other than single-family dwellings
d. absolutely prohibits any resales - CORRECT ANS ***c. prohibits use for anything other than single-
family dwellings
Which of the following statements is true regarding cooperative ownership:
a. a deed is issued to each unit
b. owner has a long-term proprietary lease
c. each unit has a separate note and deed to trust
d. the owner is a joint tenant with the other occupants - CORRECT ANS ***b. owner has a long-term
proprietary lease
Which of the following would be considered an exempt domestic well?
a. one with a maximum pump capacity of 50 gallons per minute
b. one with a maximum pump capacity of 35 gallons per minute
, c. any size pump used for domestic use
d. any size pump as long as notice is given of intent to drill - CORRECT ANS ***b. one with a maximum
pump capacity of 35 gallons per minute
Which of the following would NOT appear on a public report?
a. utilities
b. title condition
c. market value
d. legal description - CORRECT ANS ***c. market value
Which of the following would not be part of the Arizona Landlord Tenant Act?
a. security deposit regulations
b. property management agreement regulations
c. notices for eviction
d. notice period for condo conversion - CORRECT ANS ***b. property management agreement
regulations
Who may accept commission from an out-of-state broker? - CORRECT ANS ***the referring broker
With the permission of Will, Tom has used a shortcut over Will's land for more than 25 years in order to
get to the highway. Tom has a(n)
a. appurtenant easement
b. easement by implication
c. prescriptive easement
d. license - CORRECT ANS ***d. license
A situation in which the grantor becomes the lessee of the grantee is known as:
a. sublease
b. assignment
c. estate in reversion
d. sale and leaseback - CORRECT ANS ***d. sale and leaseback
