ARIZONA 2 AZ REAL ESTATE CODE &
COMMISSIONER'S RULES. EXAM
QUESTIONS AND ANSWERS. VERIFIED
2025/2026.
Subdivision - ANS is land which is divided into *6 or more* lots, parcels or fractal interests
created for sale or lease.
Subdivider - ANS Someone who splits land more than 5 times
Public Report (Subdivision Disclosure Report) - ANS a statement of important facts relating to
a subdivision which allows the purchaser to make an informed decision.
Public Report must include - ANS 1. Name and address of the owner and subdivider
2. Liens and conditions of the title to the land
3. Terms and conditions of the sale(purchase amount and interest)
4. Map of the subdivisions, shapes of the land and streets
5. Restrictive covenants Conditions CCRs
6. Provisions for permanent access to the development site and to each parcel with in the
development
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
, Lot Reservation - ANS Prior to issuance of Public Report, the subdivider can accept a
reservation.
Right to rescind - ANS A period after a closing of a home in which the buyer has the right go
back on a purchase given cause.
Affidavit of Disclosure - ANS For any property not in a subdivision (*5 or fewer*) or in a
municipality(defined area with a government eg: county would need one).
Affidavit of Disclosure continued - ANS Must be given to buyer at least seven days before the
transfer of title, the buyer may rescind the transaction within five days after the affidavit of
disclosure is received. The statute also requires that the seller record the affidavit at the same
time as the deed transferring the property to the buyer.
Affidavit of Disclosure must include - ANS 1. Whether there is legal access to the property.
2. Whether there is physical access to the property.
3. Whether the legal and physical access to the property are the same.
4. Whether the road to the property is publicly maintained, privately maintained or not
maintained, whether there is a road maintenance agreement, and a statement that if the roads
are not publicly maintained, it is the responsibility of the property owners to maintain the roads
and that roads that are not improved to county standards and accepted for maintenance by the
county are not the county's responsibility.
5. Whether any portion of the property is located in a FEMA designated regulatory floodplain.
6. Whether water, sewer, electric, natural gas, single party telephone or cable television services
are currently provided to the property.
7. Whether the property will be served by a private well, a shared well or no well, and if it is
served by a shared well, whether the shared well is a public water system, as defined by the
Safe Water Drinking Act (42 United States Code Section 300f).
8. Whether the property has a septic tank or will require installation of a septic system, and
whether the septic system has been inspected.
2 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
COMMISSIONER'S RULES. EXAM
QUESTIONS AND ANSWERS. VERIFIED
2025/2026.
Subdivision - ANS is land which is divided into *6 or more* lots, parcels or fractal interests
created for sale or lease.
Subdivider - ANS Someone who splits land more than 5 times
Public Report (Subdivision Disclosure Report) - ANS a statement of important facts relating to
a subdivision which allows the purchaser to make an informed decision.
Public Report must include - ANS 1. Name and address of the owner and subdivider
2. Liens and conditions of the title to the land
3. Terms and conditions of the sale(purchase amount and interest)
4. Map of the subdivisions, shapes of the land and streets
5. Restrictive covenants Conditions CCRs
6. Provisions for permanent access to the development site and to each parcel with in the
development
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
, Lot Reservation - ANS Prior to issuance of Public Report, the subdivider can accept a
reservation.
Right to rescind - ANS A period after a closing of a home in which the buyer has the right go
back on a purchase given cause.
Affidavit of Disclosure - ANS For any property not in a subdivision (*5 or fewer*) or in a
municipality(defined area with a government eg: county would need one).
Affidavit of Disclosure continued - ANS Must be given to buyer at least seven days before the
transfer of title, the buyer may rescind the transaction within five days after the affidavit of
disclosure is received. The statute also requires that the seller record the affidavit at the same
time as the deed transferring the property to the buyer.
Affidavit of Disclosure must include - ANS 1. Whether there is legal access to the property.
2. Whether there is physical access to the property.
3. Whether the legal and physical access to the property are the same.
4. Whether the road to the property is publicly maintained, privately maintained or not
maintained, whether there is a road maintenance agreement, and a statement that if the roads
are not publicly maintained, it is the responsibility of the property owners to maintain the roads
and that roads that are not improved to county standards and accepted for maintenance by the
county are not the county's responsibility.
5. Whether any portion of the property is located in a FEMA designated regulatory floodplain.
6. Whether water, sewer, electric, natural gas, single party telephone or cable television services
are currently provided to the property.
7. Whether the property will be served by a private well, a shared well or no well, and if it is
served by a shared well, whether the shared well is a public water system, as defined by the
Safe Water Drinking Act (42 United States Code Section 300f).
8. Whether the property has a septic tank or will require installation of a septic system, and
whether the septic system has been inspected.
2 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
