Arizona Practice Exam State Specific Portion Questions
With Complete Solutions
$150,000 Correct Answers An Arizona homestead is valid for:
a. $50,000
b. $100,000
c. $125,000
d. $150,000
$600,000 Correct Answers By June 30, the Real Estate
Recovery Fund must maintain a balance of:
a. $200,000
b. $250,000
c. $300,000
d. $600,000
$90,000 Correct Answers The maximum amount of money that
may be paid for any one licensee from the Recovery Fun is:
a. $20,000
b. $30,000
c. $40,000
d. $90,000
1 1/2 months rent Correct Answers The maximum amount the
lessor may charge as a security deposit is:
a. 2 months rent
b. 1 1/2 months rent
c. 1 months rent
d. 1/2 months rent
,10 acres Correct Answers How many acres would be contained
in the following legal descriptions? NW 1/4, SE 1/4, N 1/2, SE
1/4, and the SW 1/4, SE 1/4, S 1/2, N 1/4 of Section 21:
a. 0.078 acres
b. 15 acres
c. 40 acres
d. 10 acres
10% Correct Answers The ad valorem tax is a percentage of
full market value. Residential property is assessed at:
a. 15%
b. 16%
c. 18%
d. 10%
18 Correct Answers The following section number is
considered a fractional section
a. 13
b. 18
c. 20
d. 36
30 days Correct Answers Julie Singer's agreement with her
landlord calls for a monthly rental of $540. There is no date set
for the termination of the agreement. Singer is now being
transferred by her employer to another state and she must move.
Under Arizona law, how much advance notice must she give to
the landlord in order to terminate her tenancy?
a. 90 days
b. 30 days
c. 10 days
, d. 5 days
48 hours Correct Answers A landlord wishes to show a party
your apartment. He may do so with which of the following
notices:
a. 24 hours
b. 48 hours
c. 72 hours
d. 96 hours
5 days Correct Answers Until the remediation of the residual
contamination from a clandestine drug laboratory is complete,
the owner must notify a buyer within how many days after the
buyer signs the purchase contract to buy the subject property?
a. 5 days
b. 10 days
c. 20 days
d 30 days
6 months Correct Answers The statutory redemption period
following a mortgage foreclosure is:
a. 6 weeks
b. 6 months
c. 30 days
d. 90 days
90 days of residence in Arizona Correct Answers The
following is not required for a real estate salesperson license in
Arizona.
a. 90 hours of education
b. 90 days of residence in Arizona
With Complete Solutions
$150,000 Correct Answers An Arizona homestead is valid for:
a. $50,000
b. $100,000
c. $125,000
d. $150,000
$600,000 Correct Answers By June 30, the Real Estate
Recovery Fund must maintain a balance of:
a. $200,000
b. $250,000
c. $300,000
d. $600,000
$90,000 Correct Answers The maximum amount of money that
may be paid for any one licensee from the Recovery Fun is:
a. $20,000
b. $30,000
c. $40,000
d. $90,000
1 1/2 months rent Correct Answers The maximum amount the
lessor may charge as a security deposit is:
a. 2 months rent
b. 1 1/2 months rent
c. 1 months rent
d. 1/2 months rent
,10 acres Correct Answers How many acres would be contained
in the following legal descriptions? NW 1/4, SE 1/4, N 1/2, SE
1/4, and the SW 1/4, SE 1/4, S 1/2, N 1/4 of Section 21:
a. 0.078 acres
b. 15 acres
c. 40 acres
d. 10 acres
10% Correct Answers The ad valorem tax is a percentage of
full market value. Residential property is assessed at:
a. 15%
b. 16%
c. 18%
d. 10%
18 Correct Answers The following section number is
considered a fractional section
a. 13
b. 18
c. 20
d. 36
30 days Correct Answers Julie Singer's agreement with her
landlord calls for a monthly rental of $540. There is no date set
for the termination of the agreement. Singer is now being
transferred by her employer to another state and she must move.
Under Arizona law, how much advance notice must she give to
the landlord in order to terminate her tenancy?
a. 90 days
b. 30 days
c. 10 days
, d. 5 days
48 hours Correct Answers A landlord wishes to show a party
your apartment. He may do so with which of the following
notices:
a. 24 hours
b. 48 hours
c. 72 hours
d. 96 hours
5 days Correct Answers Until the remediation of the residual
contamination from a clandestine drug laboratory is complete,
the owner must notify a buyer within how many days after the
buyer signs the purchase contract to buy the subject property?
a. 5 days
b. 10 days
c. 20 days
d 30 days
6 months Correct Answers The statutory redemption period
following a mortgage foreclosure is:
a. 6 weeks
b. 6 months
c. 30 days
d. 90 days
90 days of residence in Arizona Correct Answers The
following is not required for a real estate salesperson license in
Arizona.
a. 90 hours of education
b. 90 days of residence in Arizona
