AZ real estate test questions 2025 COMPREHENSIVE
EXAM QUESTIONS |FREQUENTLY TESTED QUESTIONS
|RECENTLY TESTING REAL EXAM
QUESTIONS|VERIFIED SOLUTIONS (100% CORRECT)
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? -
(ANSWER)Tenancy in Common
A type of ownership that is considered a long-term lease is best described as: -
(ANSWER)Cooperative
Building codes are primarily enforced by: - (ANSWER)the issuance of permits
An interest in and possession of any real property is called - (ANSWER)An estate
Roberta wishes to build her garage 2 feet from her side lot line. City code calls for
all side setbacks to be at least 5 feet. She will need to get what to be able to
legally proceed and be assured that future owners will not have a problem? -
(ANSWER)A variance will provide permanent permission to deviate from the
setback rules.
When an attorney gives an abstract of title, he would also give: - (ANSWER)An
opinion.
,Building permits would be issued under the government's right of: -
(ANSWER)Building permits would be issued under the government's right of
police power.
A legitimate reason for appraising a property as of some date in the past is: -
(ANSWER)To settle an estate
What is the most important factor a developer would take into consideration in
selecting a new area to develop? - (ANSWER)Location
The selling price of real estate is most generally based on: - (ANSWER)The selling
price of real estate is most generally based on market value; the most probable
price a property should bring in a competitive and open market
When the appraiser looks at the home Sandy has just purchased, he notices it has
a fireplace and the comparable homes do not. He makes a $3,000 upward
adjustment on his sales comparison approach worksheet. The $3,000 adjustment
is based on what appraisal principle? - (ANSWER)Contribution
The seller lists a property with a broker and the listing is to expire on October
20th. On October 19th, the broker presents an offer to the seller. After two days
of negotiations the seller accepts the buyer's offer. Since the broker's listing has
expired, what is the status of the broker's commission? - (ANSWER)The seller is
obligated to pay a commission
,The day after the broker's listing expired, the seller sold the property to a buyer
that was shown the property by the listing broker. Which of the following is true
regarding the real estate commission? - (ANSWER)The seller would owe the full
commission.
Which of the following is NOT needed to have a valid listing/employment
agreement? - (ANSWER)Legal description
When the principal terminates the agency relationship before it expires, it is
called: - (ANSWER)Revocation
Using one's authority or weakness to secure consent to a contract is termed: -
(ANSWER)Undue influence
Constructive fraud is also known as: - (ANSWER)Constructive fraud is an
unintentional concealment or omission of a material fact, also known as negligent
misrepresentation.
In escrow, who is your customer when your brokerage has the listing? -
(ANSWER)The Buyer
A buyers broker owes a fiduciary responsibility to: - (ANSWER)A buyers broker
represents the buyer and owes the fiduciary responsibility of confidentiality to
their client
, If the seller retains the buyer's earnest money due to a contract breach, this
would be called - (ANSWER)Liquidated damages
The price of a listed property should NOT be advertised or offered unless it
conforms to: - (ANSWER)The price of a listed property should NOT be advertised
or offered unless it conforms to an amount previously agreed to by the owner.
Legal action to enforce a contract is called: - (ANSWER)Specific Performance
All of the following would apply to a buyer broker exclusive employment
agreement EXCEPT: - (ANSWER)Legal description of the property. it is addressing
employment terms not the property
An out-of-state prospect asks an agent to locate a diverse neighborhood for him.
The agent should: - (ANSWER)A real estate agent has no duty or obligation to
provide demographic data that would have the effect of limiting housing choices.
Nonconforming use would apply to which of the following, listed below? -
(ANSWER)A use that was once lawful but no longer conforms
Cody is a first-time buyer making an offer on a property that will include the
appliances. The seller accepts the offer and includes a document that will protect
the owner if the furnace breaks. Which kind of protection did Cody receive? -
(ANSWER)Home Warranty
EXAM QUESTIONS |FREQUENTLY TESTED QUESTIONS
|RECENTLY TESTING REAL EXAM
QUESTIONS|VERIFIED SOLUTIONS (100% CORRECT)
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? -
(ANSWER)Tenancy in Common
A type of ownership that is considered a long-term lease is best described as: -
(ANSWER)Cooperative
Building codes are primarily enforced by: - (ANSWER)the issuance of permits
An interest in and possession of any real property is called - (ANSWER)An estate
Roberta wishes to build her garage 2 feet from her side lot line. City code calls for
all side setbacks to be at least 5 feet. She will need to get what to be able to
legally proceed and be assured that future owners will not have a problem? -
(ANSWER)A variance will provide permanent permission to deviate from the
setback rules.
When an attorney gives an abstract of title, he would also give: - (ANSWER)An
opinion.
,Building permits would be issued under the government's right of: -
(ANSWER)Building permits would be issued under the government's right of
police power.
A legitimate reason for appraising a property as of some date in the past is: -
(ANSWER)To settle an estate
What is the most important factor a developer would take into consideration in
selecting a new area to develop? - (ANSWER)Location
The selling price of real estate is most generally based on: - (ANSWER)The selling
price of real estate is most generally based on market value; the most probable
price a property should bring in a competitive and open market
When the appraiser looks at the home Sandy has just purchased, he notices it has
a fireplace and the comparable homes do not. He makes a $3,000 upward
adjustment on his sales comparison approach worksheet. The $3,000 adjustment
is based on what appraisal principle? - (ANSWER)Contribution
The seller lists a property with a broker and the listing is to expire on October
20th. On October 19th, the broker presents an offer to the seller. After two days
of negotiations the seller accepts the buyer's offer. Since the broker's listing has
expired, what is the status of the broker's commission? - (ANSWER)The seller is
obligated to pay a commission
,The day after the broker's listing expired, the seller sold the property to a buyer
that was shown the property by the listing broker. Which of the following is true
regarding the real estate commission? - (ANSWER)The seller would owe the full
commission.
Which of the following is NOT needed to have a valid listing/employment
agreement? - (ANSWER)Legal description
When the principal terminates the agency relationship before it expires, it is
called: - (ANSWER)Revocation
Using one's authority or weakness to secure consent to a contract is termed: -
(ANSWER)Undue influence
Constructive fraud is also known as: - (ANSWER)Constructive fraud is an
unintentional concealment or omission of a material fact, also known as negligent
misrepresentation.
In escrow, who is your customer when your brokerage has the listing? -
(ANSWER)The Buyer
A buyers broker owes a fiduciary responsibility to: - (ANSWER)A buyers broker
represents the buyer and owes the fiduciary responsibility of confidentiality to
their client
, If the seller retains the buyer's earnest money due to a contract breach, this
would be called - (ANSWER)Liquidated damages
The price of a listed property should NOT be advertised or offered unless it
conforms to: - (ANSWER)The price of a listed property should NOT be advertised
or offered unless it conforms to an amount previously agreed to by the owner.
Legal action to enforce a contract is called: - (ANSWER)Specific Performance
All of the following would apply to a buyer broker exclusive employment
agreement EXCEPT: - (ANSWER)Legal description of the property. it is addressing
employment terms not the property
An out-of-state prospect asks an agent to locate a diverse neighborhood for him.
The agent should: - (ANSWER)A real estate agent has no duty or obligation to
provide demographic data that would have the effect of limiting housing choices.
Nonconforming use would apply to which of the following, listed below? -
(ANSWER)A use that was once lawful but no longer conforms
Cody is a first-time buyer making an offer on a property that will include the
appliances. The seller accepts the offer and includes a document that will protect
the owner if the furnace breaks. Which kind of protection did Cody receive? -
(ANSWER)Home Warranty
