ASREB (Arizona School of Real Estate and Business) Exam
Questions with all Questions Accurately Answered 2025/2026
A 3.45-acre lot sells for 50 cents per square foot. What is the selling price? - correct
answer $75,141
A broker has what duty to a third party? - correct answer full disclosure of all material
facts
A federal rent subsidy program is known as - correct answer Section 8
How can a buyer best be assured of getting the earnest money back if his loan is not
approved? - correct answer Place a contingency clause in the contract
In a sublease with a positive leasehold, who normally benefits from the excess rent? -
correct answer sublessor
A legal description reads as follows: "The NW 1/4 of Section 2 and the W 1/2 of the SW
1/4 of Section 35." How many acres is this? - correct answer 240 Acres
If a tenant abandons a residential apartment, the landlord must do all of the following
EXCEPT - correct answer Sell the tenant's personal property after holding it for 10
days
How many days does the landlord have to give the tenant a full accounting of the
security deposit upon termination of tenancy - correct answer 14 days
How many townships are in a 24-mile square? - correct answer 16
How much of a down payment is required for a VA guaranteed loan? - correct answer
0%
,Past due taxes would appear on a title report as a(n) - correct answer encumbrance
If a buyer buys a parcel of land for which a Public Report was required but was not
issued, the buyer may void the sale within - correct answer 3 years
If there are material changes from an original Public Report, the Commissioner may
require the subdivider to create a(n) - correct answer amended public report
If cap rates in an area are going up, how doe this influence value? - correct answer
Value goes down
The state obtains the property of someone who dies intestate through - correct answer
escheat
If there is a contract dispute, which of the following would take precedence? - correct
answer handwritten words
In an agency relationship, the primary ethical duty of a broker is to - correct answer
represent the principal
When conveying property in Arizona, a deed must be signed by the - correct answer
grantor
In Arizona, property owned before marriage is sole and separate. Property acquired
after marriage would be considered - correct answer community property.
The right of an Arizona real estate licensee to prepare certain legal documents and
forms comes from - correct answer The Arizona Constitution
What clarifies ADRE's position on statues or rules? - correct answer Substantive policy
statements
, The concept that information given to a client's agent has been given to the client is
known as - correct answer imputed notice
Mrs. Martin owns a house on a corner lot, and tears the house down in order to get a
better price for the land. This is an example of - correct answer highest and best use
On a settlement statement, rent paid in advance would be a - correct answer credit to
the buyer, debit to the seller
Property taxes are assessed on the - correct answer value of the property
Rows of townships are called - correct answer Tiers
The 1988 Amendments to the Federal Fair Housing Act prohibits discrimination based
on - correct answer familial status and handicapped
If the buyer of a property wants to remain anonymous, what term should be used for the
buyer's name in the purchase contract? - correct answer Or Nominee
The doctrine of water usage in Arizona is known as - correct answer prior appropriation
Which of the following listings would Not be entered into a multiple listing service? -
correct answer pocket listing
The following would be an example of what type of surveying system? Beginning at the
SE corner of Tatum and Cactus, proceed 2,640 feet north, thence 400' west, thence 700
feet south, and back to the beginning. - correct answer metes and bounds
Which is the highest form of an estate? - correct answer fee simple
Questions with all Questions Accurately Answered 2025/2026
A 3.45-acre lot sells for 50 cents per square foot. What is the selling price? - correct
answer $75,141
A broker has what duty to a third party? - correct answer full disclosure of all material
facts
A federal rent subsidy program is known as - correct answer Section 8
How can a buyer best be assured of getting the earnest money back if his loan is not
approved? - correct answer Place a contingency clause in the contract
In a sublease with a positive leasehold, who normally benefits from the excess rent? -
correct answer sublessor
A legal description reads as follows: "The NW 1/4 of Section 2 and the W 1/2 of the SW
1/4 of Section 35." How many acres is this? - correct answer 240 Acres
If a tenant abandons a residential apartment, the landlord must do all of the following
EXCEPT - correct answer Sell the tenant's personal property after holding it for 10
days
How many days does the landlord have to give the tenant a full accounting of the
security deposit upon termination of tenancy - correct answer 14 days
How many townships are in a 24-mile square? - correct answer 16
How much of a down payment is required for a VA guaranteed loan? - correct answer
0%
,Past due taxes would appear on a title report as a(n) - correct answer encumbrance
If a buyer buys a parcel of land for which a Public Report was required but was not
issued, the buyer may void the sale within - correct answer 3 years
If there are material changes from an original Public Report, the Commissioner may
require the subdivider to create a(n) - correct answer amended public report
If cap rates in an area are going up, how doe this influence value? - correct answer
Value goes down
The state obtains the property of someone who dies intestate through - correct answer
escheat
If there is a contract dispute, which of the following would take precedence? - correct
answer handwritten words
In an agency relationship, the primary ethical duty of a broker is to - correct answer
represent the principal
When conveying property in Arizona, a deed must be signed by the - correct answer
grantor
In Arizona, property owned before marriage is sole and separate. Property acquired
after marriage would be considered - correct answer community property.
The right of an Arizona real estate licensee to prepare certain legal documents and
forms comes from - correct answer The Arizona Constitution
What clarifies ADRE's position on statues or rules? - correct answer Substantive policy
statements
, The concept that information given to a client's agent has been given to the client is
known as - correct answer imputed notice
Mrs. Martin owns a house on a corner lot, and tears the house down in order to get a
better price for the land. This is an example of - correct answer highest and best use
On a settlement statement, rent paid in advance would be a - correct answer credit to
the buyer, debit to the seller
Property taxes are assessed on the - correct answer value of the property
Rows of townships are called - correct answer Tiers
The 1988 Amendments to the Federal Fair Housing Act prohibits discrimination based
on - correct answer familial status and handicapped
If the buyer of a property wants to remain anonymous, what term should be used for the
buyer's name in the purchase contract? - correct answer Or Nominee
The doctrine of water usage in Arizona is known as - correct answer prior appropriation
Which of the following listings would Not be entered into a multiple listing service? -
correct answer pocket listing
The following would be an example of what type of surveying system? Beginning at the
SE corner of Tatum and Cactus, proceed 2,640 feet north, thence 400' west, thence 700
feet south, and back to the beginning. - correct answer metes and bounds
Which is the highest form of an estate? - correct answer fee simple
