Real Estate Test Arizona #5 EXAM
Questions and Verified Answers
100% Guarantee Pass
1. What is the maximum security deposit allowed by the Arizona Landlord Ten-
ant Act?
(a) First and last month's rent plus 1 1/2 months security
(b) 1 1/2 month's rent plus last month
(c) 1 1/2 month's rent
(d) One month rent
Answer: (c) 1 1/2 month's rent
2. The word friable would most likely apply to which of the following?
(a) Superfund area
(b) Radon Gas
(c) Asbestos
(d) Lead based paint
Answer: (c) Asbestos
,3. Water table is defined as:
(a) Water in relation to sea level
(b) The level at which water will be located
(c) All surface water
(d) When potable water can be found
Answer: (b) The level at which water will be located
4. When a buyer representation fee is paid the money is payable to which of the
following:
(a) Escrow
(b) Employing broker
(c) Designated broker
(d) Salesperson
Answer: (b) Employing broker
5. Who gives the right for a party to act in behalf of another in negotiations?
(a) Buyer
(b) Principal
(c) Broker
(d) Lender
, Answer: (b) Principal
6. A landlord is obligated to account for the tenant's security deposit (within):
(a) Twenty-one days of lease termination
(b) Fourteen business days of lease termination and demand
(c) Immediately upon termination of the tenancy
(d) Ten days after lease termination
Answer: (b) Fourteen business days of lease termination and demand
7. When do you file a mechanic's lien:
(a) Beginning of work
(b) Six months after completion
(c) After obtaining a judgment
(d) Completion of work
Answer: (d) Completion of work
8. When parties agree to a contract this is called mutual assent, this is indicated
by:
(a) The notary seal
(b) Acknowledgment
(c) Offer and acceptance
, (d) Close of escrow
Answer: (c) Otter and acceptance
9. When a broker moves their office, the sign must be removed:
(a) Within 30 days
(b) Within 1 year
(c) Within six months
(d) Immediately
Answer: (d) Immediately
10. When a salesperson leaves a brokerage office where does the license go?
(a) Is given to the salesperson to keep
(b) Remains with the broker
(c) Sent to the Board of Realtors within ten days
(d) Back to the Real Estate Department
Answer: (d) Back to the Real Estate Department
11. When action is brought in court to compel a party to carry out the terms of
a contract, this is called:
(a) specific performance
(b) time is of the essence
Questions and Verified Answers
100% Guarantee Pass
1. What is the maximum security deposit allowed by the Arizona Landlord Ten-
ant Act?
(a) First and last month's rent plus 1 1/2 months security
(b) 1 1/2 month's rent plus last month
(c) 1 1/2 month's rent
(d) One month rent
Answer: (c) 1 1/2 month's rent
2. The word friable would most likely apply to which of the following?
(a) Superfund area
(b) Radon Gas
(c) Asbestos
(d) Lead based paint
Answer: (c) Asbestos
,3. Water table is defined as:
(a) Water in relation to sea level
(b) The level at which water will be located
(c) All surface water
(d) When potable water can be found
Answer: (b) The level at which water will be located
4. When a buyer representation fee is paid the money is payable to which of the
following:
(a) Escrow
(b) Employing broker
(c) Designated broker
(d) Salesperson
Answer: (b) Employing broker
5. Who gives the right for a party to act in behalf of another in negotiations?
(a) Buyer
(b) Principal
(c) Broker
(d) Lender
, Answer: (b) Principal
6. A landlord is obligated to account for the tenant's security deposit (within):
(a) Twenty-one days of lease termination
(b) Fourteen business days of lease termination and demand
(c) Immediately upon termination of the tenancy
(d) Ten days after lease termination
Answer: (b) Fourteen business days of lease termination and demand
7. When do you file a mechanic's lien:
(a) Beginning of work
(b) Six months after completion
(c) After obtaining a judgment
(d) Completion of work
Answer: (d) Completion of work
8. When parties agree to a contract this is called mutual assent, this is indicated
by:
(a) The notary seal
(b) Acknowledgment
(c) Offer and acceptance
, (d) Close of escrow
Answer: (c) Otter and acceptance
9. When a broker moves their office, the sign must be removed:
(a) Within 30 days
(b) Within 1 year
(c) Within six months
(d) Immediately
Answer: (d) Immediately
10. When a salesperson leaves a brokerage office where does the license go?
(a) Is given to the salesperson to keep
(b) Remains with the broker
(c) Sent to the Board of Realtors within ten days
(d) Back to the Real Estate Department
Answer: (d) Back to the Real Estate Department
11. When action is brought in court to compel a party to carry out the terms of
a contract, this is called:
(a) specific performance
(b) time is of the essence
