Arizona Real Estate State Exam || Most Recent Exam
2026-2027 Actual Complete Real Exam Questions And
Correct Answers (Verified Answers) Already Graded A+
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A mechanic's lien is NOT available to a
person who: a. graded the site for
construction
b. supplies the lumber but did not perform any labor
c. provided the furniture for a model house
d. performed labor under a subcontract rather than a direct
contract with the owner - ANSWER-c. provided the furniture
for a model house
A transaction is closed on February 15, 20XX, and the buyer
does not record the deed until April 24th, 20XX. A judgement
for $1,200 is filed against the grantor on April 21, 20XX. The
judgement: a. is a lien against the property
b. is invalid against the property
c. constitutes a judgment
inchoate
d. is a judgement reversion - ANSWER-a. is a lien against
the property
Equitable title under a purchase contract would refer to -
ANSWER-buyer's
,interest
A declaration of homestead may be terminated for all of the
following EXCEPT:
a. filing an abandonment of
homestead
b. death of one
spouse
c. moving out of the
property
d. converting the property to a rental - ANSWER-b. death
of one spouse
In Arizona, the deed that is most commonly given by the sellers
to buyers is a -
ANSWER-warranty
deed
In Arizona, the document that is signed by the buyer and seller
stating the sales
price and the MUST accompany the deed for recordation is
a(n): - ANSWER-
affidavit of
value
An Arizona homestead is valid for: - ANSWER-$150,000
,The seller of a condominium unity has the responsibility to
deliver information
the buyer, such as the operation budget of the
HOA, when:
a. the HOA has 50 or more
units
b. the HOA has a management
company
c. the HOA is self-
managed
d. the HOA has less than 50 units - ANSWER-d. the HOA has less
than 50 units
Time-sharing is associated with which of the
following?
a.
cooperatives
b. profits
c. joint
ventures
d. condominiums - ANSWER-d.
condominiums
Fraud
is:
a. deception not intended
to harm
, b. deception intended
to harm
c. the same as
misrepresentation
d. similar to puffing - ANSWER-b. deception
intended to harm
An offer has been accepted on a 10-acre parcel, when the
broker learns that
the buyer has been buying up land in the area at a much
higher price. The
broker should: - ANSWER-notify the seller
of the facts
John Jamison, a salesperson with Taylor Realty, lists the
property of Charles and Loretta Simpson for sale at $52,000.
The Simpsons have told Jamison that they are pressed to sell
and would accept a purchase price of $49,000. Jamison shows
the property to Randy Evans and tells Evans he can purchase
the property for $49,000. Jamison has: - ANSWER-violated his
relationship with his client
In regard to the party that agent is NOT representing, which of
the following is included in the agent's responsibilities:
a. The agent has no responsibilities to the party they are not
representing.
b. The agent must give advice and counsel to the party.
c. The agent must disclose material defects about the property
2026-2027 Actual Complete Real Exam Questions And
Correct Answers (Verified Answers) Already Graded A+
| Guaranteed Success!! Newest Exam | Just Released!!
A mechanic's lien is NOT available to a
person who: a. graded the site for
construction
b. supplies the lumber but did not perform any labor
c. provided the furniture for a model house
d. performed labor under a subcontract rather than a direct
contract with the owner - ANSWER-c. provided the furniture
for a model house
A transaction is closed on February 15, 20XX, and the buyer
does not record the deed until April 24th, 20XX. A judgement
for $1,200 is filed against the grantor on April 21, 20XX. The
judgement: a. is a lien against the property
b. is invalid against the property
c. constitutes a judgment
inchoate
d. is a judgement reversion - ANSWER-a. is a lien against
the property
Equitable title under a purchase contract would refer to -
ANSWER-buyer's
,interest
A declaration of homestead may be terminated for all of the
following EXCEPT:
a. filing an abandonment of
homestead
b. death of one
spouse
c. moving out of the
property
d. converting the property to a rental - ANSWER-b. death
of one spouse
In Arizona, the deed that is most commonly given by the sellers
to buyers is a -
ANSWER-warranty
deed
In Arizona, the document that is signed by the buyer and seller
stating the sales
price and the MUST accompany the deed for recordation is
a(n): - ANSWER-
affidavit of
value
An Arizona homestead is valid for: - ANSWER-$150,000
,The seller of a condominium unity has the responsibility to
deliver information
the buyer, such as the operation budget of the
HOA, when:
a. the HOA has 50 or more
units
b. the HOA has a management
company
c. the HOA is self-
managed
d. the HOA has less than 50 units - ANSWER-d. the HOA has less
than 50 units
Time-sharing is associated with which of the
following?
a.
cooperatives
b. profits
c. joint
ventures
d. condominiums - ANSWER-d.
condominiums
Fraud
is:
a. deception not intended
to harm
, b. deception intended
to harm
c. the same as
misrepresentation
d. similar to puffing - ANSWER-b. deception
intended to harm
An offer has been accepted on a 10-acre parcel, when the
broker learns that
the buyer has been buying up land in the area at a much
higher price. The
broker should: - ANSWER-notify the seller
of the facts
John Jamison, a salesperson with Taylor Realty, lists the
property of Charles and Loretta Simpson for sale at $52,000.
The Simpsons have told Jamison that they are pressed to sell
and would accept a purchase price of $49,000. Jamison shows
the property to Randy Evans and tells Evans he can purchase
the property for $49,000. Jamison has: - ANSWER-violated his
relationship with his client
In regard to the party that agent is NOT representing, which of
the following is included in the agent's responsibilities:
a. The agent has no responsibilities to the party they are not
representing.
b. The agent must give advice and counsel to the party.
c. The agent must disclose material defects about the property
