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Engaging in Arizona Real Estate Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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Question 1 1. The _____ agent must have the appropriate license and meet all financial responsibility requirements to handle any funds.

Question 2 2. Article 26 of the Arizona Constitution states the powers of the real estate broker or salesman does not include:

Question 3 3. A subdivider must provide an interested buyer with a copy of the subdivsion disclosure report within

Question 4 4. In Arizona, anyone who owns at least six lots located in one area of land is considered a:

Question 5 5. In Arizona, income obtained as a result of state-owned land is to be deposited into _____.

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Question 6 6. In Arizona, state-owned land cannot be sold for _____.

Question 7 7. By Arizona law, how many years back does a licensed Arizona title insurance or escrow company have to search before issuing title insurance to a buyer?

Question 8 8. A large area of land divided into smaller lots is known as _____.

Question 9 9. Besides location, what does not impact the effective tax rate variation in Arizona?

Question 10 10. What is the effective property tax rate?

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Question 11 11. What is not a common form of real estate ownership?

Question 12 12. Community property is simply a form of ownership between spouses where any _____ that were acquired during the marriage are owned by both spouses equally.

Question 13 13. Which of the following is the most common type of foreclosure proceeding?

Question 14 14. In a title theory state, like Arizona, all of the following are true EXCEPT:

Question 15 15. Which of the following is not a main responsibility of ADEQ's Water Quality Division?

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Question 16 16. Which division of ADEQ handles legislation in regards to asbestos?

Question 17 17. Which is a reason that the Arizona Department of Real Estate (ADRE) may deny a real estate license?

Question 18 18. How many hours of continuing education is required to renew an Arizona real estate salesperson's license?

Question 19 19. One of the advantages of buying distressed homes that may need repairs and updates, is that they are usually _____

Question 20 20. A _____ is any property that is in the process of either being foreclosed on or is being sold by the lender.

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Question 21 21. What does ADWR stand for?

Question 22 22. Which of the following falls under groundwater legislation?

Question 23 23. The Arizona Residential Landlord and Tenant Act has two pieces of legislation. One is for standard rental agreements. What does the second one apply to?

Question 24 24. Which of the following circumstances require that a property manager hold a real estate broker's license in Arizona?

Question 25 25. The four elements required to bring suit under the Act include:

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Question 26 26. The intent of the Arizona Consumer Fraud Act is to:

Question 27 27. The Arizona real estate commissioner enforces the state's real estate law. The commissioner has the authority to enforce compliance with the law and to take disciplinary action against real estate salespersons and brokers who violate the law. The commissioner does not have the authority to:

Question 28 28. If a client looses money in a real estate transaction because of wrongdoing by a broker, and wins a court judgment against the broker, they may receive compensation from which fund?

Question 29 29. In Arizona, the laws that regulate real estate licensee state that there is a requirement to keep certain records for _____ after the transaction.

Question 30 30. What are standards set by local governments to ensure that residents are safe from careless building practices

Engaging in Arizona Real Estate Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

Arizona Real Estate Salesperson Licensing Exam: Study Guide  /  Business Courses
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