AZ REAL ESTATE EXAMINATION TEST 2026
FULL QUESTIONS WITH VERIFIED SOLUTIONS
◉ A property manager CANNOT receive:
a. reimbursement for out-of-pocket expenses
b. free rent on an apartment unit
c. a monthly management fee
d. rebates from suppliers. Answer: d. rebates from suppliers
◉ A landlord wishes to show a party your apartment. He may do so
with how much notice?. Answer: 48 hours
◉ Regarding a properly management trust account, which of the
following is NOT true?
a. multiple properties can be in one trust account
b. A salesperson can be a signor on the trust account
c. a salesperson signer can sign checks paying maintenance fees
d. an unlicensed employee of a property management firm may not
sign checks on the property management trust account. Answer: d.
an unlicensed employee of a property management firm may not
sign checks on the property management trust account
, ◉ Which of the following most accurately describes a property
manager?
a. fiduciary
b. trustee
c. escrow agent
d. resident manager. Answer: a. fiduciary
◉ A finder's fee paid to an unlicensed person by a broker is
permissible:. Answer: when paid to a tenant in a complex managed
by the broker
◉ Forcing a tenant to pay rent by seizing the leased premises and
the personal property inside is called:. Answer: Distraint
◉ When a tenant moves from a leased property because the
landlord did not maintain the rental unit, what has occurred?.
Answer: actual eviction
◉ Which is not part of a typical property management agreement?
a. beginning and end date
b. frequency of management reports
c. 30 day cancellation clause
d. annual budget. Answer: d. annual budget
FULL QUESTIONS WITH VERIFIED SOLUTIONS
◉ A property manager CANNOT receive:
a. reimbursement for out-of-pocket expenses
b. free rent on an apartment unit
c. a monthly management fee
d. rebates from suppliers. Answer: d. rebates from suppliers
◉ A landlord wishes to show a party your apartment. He may do so
with how much notice?. Answer: 48 hours
◉ Regarding a properly management trust account, which of the
following is NOT true?
a. multiple properties can be in one trust account
b. A salesperson can be a signor on the trust account
c. a salesperson signer can sign checks paying maintenance fees
d. an unlicensed employee of a property management firm may not
sign checks on the property management trust account. Answer: d.
an unlicensed employee of a property management firm may not
sign checks on the property management trust account
, ◉ Which of the following most accurately describes a property
manager?
a. fiduciary
b. trustee
c. escrow agent
d. resident manager. Answer: a. fiduciary
◉ A finder's fee paid to an unlicensed person by a broker is
permissible:. Answer: when paid to a tenant in a complex managed
by the broker
◉ Forcing a tenant to pay rent by seizing the leased premises and
the personal property inside is called:. Answer: Distraint
◉ When a tenant moves from a leased property because the
landlord did not maintain the rental unit, what has occurred?.
Answer: actual eviction
◉ Which is not part of a typical property management agreement?
a. beginning and end date
b. frequency of management reports
c. 30 day cancellation clause
d. annual budget. Answer: d. annual budget
