ARIZONA REAL ESTATE EXAM QUESTIONS AND
CORRECT ANSWERS | ALREADY GRADED A+ |
VERIFIED ANSWERS | LATEST VERSION 2025
Arizona property taxes are based on: - ans -Assessed value
The tax rate applied to owner occupied residential property is: - ans -10 %
All of the following can be used in a developer's public report advertisement
EXCEPT - ans -A statement which says, "The public report is an endorsement of
the project"
How long are the real estate exam tests scores valid for? - ans -One year
How long does a broker doing sales need to keep records? - ans -5 years
The commissioner may deny a public report for all of the following reasons
EXCEPT: - ans -The owner can't produce perfect title
All listings must be in writing to be enforceable according to: - ans -Arizona
Revised Statutes
The commissioner the power to do all of the following EXCEPT: - ans -Create real
estate statutes
After passing the real estate exam, a licensee must activate his license within: -
ans -One year of the examination date
Unless otherwise specified, a broker is required to deposit earnest monies in
escrow or in a trust account: - ans -Promptly by the close of the next business day
The commissioner will deny a public report on a subdivision because of the
subdivider's inability to: - ans -Deliver clear title
Who may accept a commission from an out-of-state broker? - ans -The referring
brokerage
,Ifa broker abandons or moves their real estate office and fails to notify the
commissioner , which of the following is true, according to Arizona Statues? - ans
-Their license will be automatically cancelled
A broker receives an oral offer over the telephone. What should they do? - ans -
The broker must present the oral offer
A licensee may NOT charge for document preparation as a result of which of the
following: - ans -Arizona Constitution Article XXVI
Which of the following is NOT required for a sales license in Arizona? - ans -90
days residence
A broker prepares documents at a cost of $35 Which of the following is true? - ans
-The broker cannot charge for the service
What happens when a broker's license expires? - ans -The salespeople must find
another broker
How many brokers can a licensee work for at the same time in Arizona? - ans -
One at a time, in general real estate
When a complaint is filed against a licensee, which of the following is true - ans -
The commissioner must conduct an investigation
When a licensee leaves a broker, the license: - ans -Is sent to the real estate
department
When the commissioner receives a written complaint against a licensee: - ans -A
hearing will be held before any suspension
Which of the following would NOT be required to appear on a broker's trust
account deposit receipt: - ans -Name of the brokerage
, A subdivider employed hostesses to show houses. The hostesses explained the
features of the homes and quoted prices and terms. In this instance: - ans -The
hostesses must be licensed real estate salespeople
You buy unimproved land in a subdivision sight unseen. You have how long to
rescind the contract - ans -Six months
The Arizona Real Estate Commissioner is appointed by: - ans -Governor
Who is responsible for formulating our industry's rules and regulations in Arizona?
- ans -Real Estate Commissioner
When a broker moves their office, the sign must be removed: - ans -Immediately
The right to license real estate agents comes from the: - ans -State Legislature
What can a developer do without a Public Report? - ans -Lot reservations
If you do not renew your license on time, your license will be: - ans -Expired
When a commission dispute arises between two licensees, their recourse would
be to - ans -Seek relief through civil action
For a licensee to be paid a real estate commission, a license is required: - ans -At
the time of the sale
A public report will be denied a developer for all of the following reasons EXCEPT:
- ans -Not providing detailed floor plans
When the designated broker is away on a temporary absence, all of the following
are true EXCEPT - ans -The temporary absence relieves the designated broker of
responsibility
Which applies to the Statute of Frauds? - ans -Enforceable real estate contracts
must be in writing
CORRECT ANSWERS | ALREADY GRADED A+ |
VERIFIED ANSWERS | LATEST VERSION 2025
Arizona property taxes are based on: - ans -Assessed value
The tax rate applied to owner occupied residential property is: - ans -10 %
All of the following can be used in a developer's public report advertisement
EXCEPT - ans -A statement which says, "The public report is an endorsement of
the project"
How long are the real estate exam tests scores valid for? - ans -One year
How long does a broker doing sales need to keep records? - ans -5 years
The commissioner may deny a public report for all of the following reasons
EXCEPT: - ans -The owner can't produce perfect title
All listings must be in writing to be enforceable according to: - ans -Arizona
Revised Statutes
The commissioner the power to do all of the following EXCEPT: - ans -Create real
estate statutes
After passing the real estate exam, a licensee must activate his license within: -
ans -One year of the examination date
Unless otherwise specified, a broker is required to deposit earnest monies in
escrow or in a trust account: - ans -Promptly by the close of the next business day
The commissioner will deny a public report on a subdivision because of the
subdivider's inability to: - ans -Deliver clear title
Who may accept a commission from an out-of-state broker? - ans -The referring
brokerage
,Ifa broker abandons or moves their real estate office and fails to notify the
commissioner , which of the following is true, according to Arizona Statues? - ans
-Their license will be automatically cancelled
A broker receives an oral offer over the telephone. What should they do? - ans -
The broker must present the oral offer
A licensee may NOT charge for document preparation as a result of which of the
following: - ans -Arizona Constitution Article XXVI
Which of the following is NOT required for a sales license in Arizona? - ans -90
days residence
A broker prepares documents at a cost of $35 Which of the following is true? - ans
-The broker cannot charge for the service
What happens when a broker's license expires? - ans -The salespeople must find
another broker
How many brokers can a licensee work for at the same time in Arizona? - ans -
One at a time, in general real estate
When a complaint is filed against a licensee, which of the following is true - ans -
The commissioner must conduct an investigation
When a licensee leaves a broker, the license: - ans -Is sent to the real estate
department
When the commissioner receives a written complaint against a licensee: - ans -A
hearing will be held before any suspension
Which of the following would NOT be required to appear on a broker's trust
account deposit receipt: - ans -Name of the brokerage
, A subdivider employed hostesses to show houses. The hostesses explained the
features of the homes and quoted prices and terms. In this instance: - ans -The
hostesses must be licensed real estate salespeople
You buy unimproved land in a subdivision sight unseen. You have how long to
rescind the contract - ans -Six months
The Arizona Real Estate Commissioner is appointed by: - ans -Governor
Who is responsible for formulating our industry's rules and regulations in Arizona?
- ans -Real Estate Commissioner
When a broker moves their office, the sign must be removed: - ans -Immediately
The right to license real estate agents comes from the: - ans -State Legislature
What can a developer do without a Public Report? - ans -Lot reservations
If you do not renew your license on time, your license will be: - ans -Expired
When a commission dispute arises between two licensees, their recourse would
be to - ans -Seek relief through civil action
For a licensee to be paid a real estate commission, a license is required: - ans -At
the time of the sale
A public report will be denied a developer for all of the following reasons EXCEPT:
- ans -Not providing detailed floor plans
When the designated broker is away on a temporary absence, all of the following
are true EXCEPT - ans -The temporary absence relieves the designated broker of
responsibility
Which applies to the Statute of Frauds? - ans -Enforceable real estate contracts
must be in writing
