ARIZONA REAL ESTATE STATE EXAM
QUESTIONS WITH CORRECT
SOLUTIONS||100% GUARANTEED
PASS||UPDATED 2026/2027
SYLLABUS||ALREADY A+
GRADED||<<RECENT VERSION>>
When could a person receive legal title to the property under an Agreement for
Sale? - ANSWER ✓ upon the last payment
Ten individuals form a corporation to purchase a percale of real estate. How
would title be held? - ANSWER ✓ in severalty
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
d. The agent must provide complete financial information about the principle. -
ANSWER ✓ c. The agent must disclose material defects about the property
A broker purchased her own listing because she knew of a purchaser who would
pay more than the listing price. The broker - ANSWER ✓ is liable to the seller for
the profit she made.
When a boker secures a listing, which of the following actions would NOT require
the owner's approval?
a. assigning the listing to another brokerage firm
b. assigning the listing to another salesperson
c. placing a sign on the property
d. advertising the property for sale - ANSWER ✓ b. assigning the listing to
another salesperson
Who may accept commission from an out-of-state broker? - ANSWER ✓ the
referring broker
In a subagency, the selling salesperson is responsible to the - ANSWER ✓ selling
broker
All listings MUST be in writing according to - ANSWER ✓ Arizona statutes
When a commission dispute arises between two licensees from different
companies their recourse would be to - ANSWER ✓ seek relief through civil
action
A broker informed her clients that "there is no need to consult your attorney
concerning this contract. I am authorized by law to handle the necessary forms."
The licensee is acting - ANSWER ✓ in violation of the "Rules and Regulation" of
the Commissioner
QUESTIONS WITH CORRECT
SOLUTIONS||100% GUARANTEED
PASS||UPDATED 2026/2027
SYLLABUS||ALREADY A+
GRADED||<<RECENT VERSION>>
When could a person receive legal title to the property under an Agreement for
Sale? - ANSWER ✓ upon the last payment
Ten individuals form a corporation to purchase a percale of real estate. How
would title be held? - ANSWER ✓ in severalty
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
d. The agent must provide complete financial information about the principle. -
ANSWER ✓ c. The agent must disclose material defects about the property
A broker purchased her own listing because she knew of a purchaser who would
pay more than the listing price. The broker - ANSWER ✓ is liable to the seller for
the profit she made.
When a boker secures a listing, which of the following actions would NOT require
the owner's approval?
a. assigning the listing to another brokerage firm
b. assigning the listing to another salesperson
c. placing a sign on the property
d. advertising the property for sale - ANSWER ✓ b. assigning the listing to
another salesperson
Who may accept commission from an out-of-state broker? - ANSWER ✓ the
referring broker
In a subagency, the selling salesperson is responsible to the - ANSWER ✓ selling
broker
All listings MUST be in writing according to - ANSWER ✓ Arizona statutes
When a commission dispute arises between two licensees from different
companies their recourse would be to - ANSWER ✓ seek relief through civil
action
A broker informed her clients that "there is no need to consult your attorney
concerning this contract. I am authorized by law to handle the necessary forms."
The licensee is acting - ANSWER ✓ in violation of the "Rules and Regulation" of
the Commissioner
