AZ LICENSE EXAM STUDY GUIDE
QUESTIONS WITH CORRECT
SOLUTIONS||100% GUARANTEED
PASS||UPDATED 2026/2027
SYLLABUS||ALREADY A+
GRADED||<<RECENT VERSION>>
Which of the following is true about risks when using computer systems? -
ANSWER ✓ Client data can be compromised if the brokerage's computer system
is compromised.
One member of the Arizona Real Estate Advisory Board is required to be a
______. - ANSWER ✓ Licensed broker who has been engaged in multi-family
residential rental brokerage
A ______ is a ratio that compares two quantities. - ANSWER ✓ Rate
Imagine that you're an active real estate licensee as well as an architect, and you'd
like to partner with a builder who's just beginning a development. Which of these
creates agency coupled with interest? - ANSWER ✓ You agree to design the
houses for this builder in return for getting the listings when the properties are
finished.
Marissa, a new licensee, has some questions. Which of these questions can the
Arizona Association of REALTORS® help her answer? - ANSWER ✓ Where can
I go to find some marketing data on my area so I can advertise more effectively?
Ned is a listing agent who has learned of a material fact related to the transaction.
To whom and when must he disclose this information? - ANSWER ✓ To all
parties as soon as possible
In a hot market, what pricing strategy may incite bidding wars? - ANSWER ✓ In
a hot market, pricing below market may incite bidding wars, fetching more than
,pricing it at market rate. Bidding wars can occur in a hot market no matter the
pricing strategy, however. Always discuss pricing strategy with the sellers; it's their
call.
Condominium ownership rights are ______, which means the right to use and
possess. - ANSWER ✓ Fee simple
Lack of capacity has made the contract non-binding, so the contract is _____. -
ANSWER ✓ Voidable
Ted purchased a new home and soon discovered an issue with the windows. The
replacement windows will cost $4,280 for parts and labor. Who can install the
windows for Ted? - ANSWER ✓ A licensed contractor
The four sources of law in the U.S. are constitutional, statutory, case, and
_______. - ANSWER ✓ Administrative
Gloria is renting a cottage from Edward when she lands a job in Canada. She still
has six months left on her lease, but Edward tells her he usually has no problem
renting the cottage and releases her with no penalty. What type of lease termination
is this? - ANSWER ✓ Mutual agreement
Which of the following describes an estate for an unknown period of time, with
either party permitted to terminate the lease by giving notice to the other? -
ANSWER ✓ Estate at will
Renee listed her property on March 13. After several months, lots of marketing
and effort from the agent, a price adjustment, and several showings but no offers,
Renee decided to list the property with another firm. Based on this situation, under
which of these conditions can Renee list the property with another firm without
breaching her agreement? - ANSWER ✓ The listing agreement expired.
Which entity services rural development loans? - ANSWER ✓ FSA
Which of the following statements about conservation easements is true? -
ANSWER ✓ Owners of land with conservation easements may mortgage, lease,
sell, or bequeath the land.
, There are three sections to the public report application in Arizona: the
instructions and general information section, the required documents section, and
the _______. - ANSWER ✓ Questionnaire
Regarding timeshares, Arizona has ______. - ANSWER ✓ Enacted a law to
protect consumers
Tom is an Arizona homeowner who had a judgment lien levied against him, but
the Arizona Homestead Exemption will allow him to exempt part of his primary
residence from seizure for payment of debts. What is the maximum amount
Arizona homeowners can exempt? - ANSWER ✓ $150,000 for an individual or
married couple
Your client Jamie wants to develop a subdivision within an AMA. Which of the
following will she have to do? - ANSWER ✓ Prove that there's enough water
available to meet the subdivision's needs for 100 years.
Arizona landlord Tara receives a notice of a trustee's sale on the property she's
already rented out to tenant Will. What is Tara's obligation under the law? -
ANSWER ✓ She must send Will a written notice of this within five business days
of receiving the sale notice.
When proceeds from an Arizona foreclosure sale are applied, which of these
parties will be paid after any junior lien holders? - ANSWER ✓ The trustor
Select the choice that best translates this clause into plain English. "Upon payment
of all sums secured by this Mortgage, Mortgagee shall discharge this Mortgage
without cost to Mortgagor. Mortgagor shall pay all costs of recordation, if any." -
ANSWER ✓ When the borrower has fully paid off the loan, the lender will record
that the note is satisfied.
Johanna is an Arizona licensed salesperson representing a seller client in a
transaction. She understands that she's expected to behave in line with Arizona's
professional standards of conduct, including honest, fair, and lawful actions, but
she also owes her clients specific duties. Which of the following describes the
duties that she owes her clients? - ANSWER ✓ Fiduciary and statutory duties
Which of the following is a guideline used by Freddie Mac when determining if a
loan is conforming? - ANSWER ✓ Down payment
QUESTIONS WITH CORRECT
SOLUTIONS||100% GUARANTEED
PASS||UPDATED 2026/2027
SYLLABUS||ALREADY A+
GRADED||<<RECENT VERSION>>
Which of the following is true about risks when using computer systems? -
ANSWER ✓ Client data can be compromised if the brokerage's computer system
is compromised.
One member of the Arizona Real Estate Advisory Board is required to be a
______. - ANSWER ✓ Licensed broker who has been engaged in multi-family
residential rental brokerage
A ______ is a ratio that compares two quantities. - ANSWER ✓ Rate
Imagine that you're an active real estate licensee as well as an architect, and you'd
like to partner with a builder who's just beginning a development. Which of these
creates agency coupled with interest? - ANSWER ✓ You agree to design the
houses for this builder in return for getting the listings when the properties are
finished.
Marissa, a new licensee, has some questions. Which of these questions can the
Arizona Association of REALTORS® help her answer? - ANSWER ✓ Where can
I go to find some marketing data on my area so I can advertise more effectively?
Ned is a listing agent who has learned of a material fact related to the transaction.
To whom and when must he disclose this information? - ANSWER ✓ To all
parties as soon as possible
In a hot market, what pricing strategy may incite bidding wars? - ANSWER ✓ In
a hot market, pricing below market may incite bidding wars, fetching more than
,pricing it at market rate. Bidding wars can occur in a hot market no matter the
pricing strategy, however. Always discuss pricing strategy with the sellers; it's their
call.
Condominium ownership rights are ______, which means the right to use and
possess. - ANSWER ✓ Fee simple
Lack of capacity has made the contract non-binding, so the contract is _____. -
ANSWER ✓ Voidable
Ted purchased a new home and soon discovered an issue with the windows. The
replacement windows will cost $4,280 for parts and labor. Who can install the
windows for Ted? - ANSWER ✓ A licensed contractor
The four sources of law in the U.S. are constitutional, statutory, case, and
_______. - ANSWER ✓ Administrative
Gloria is renting a cottage from Edward when she lands a job in Canada. She still
has six months left on her lease, but Edward tells her he usually has no problem
renting the cottage and releases her with no penalty. What type of lease termination
is this? - ANSWER ✓ Mutual agreement
Which of the following describes an estate for an unknown period of time, with
either party permitted to terminate the lease by giving notice to the other? -
ANSWER ✓ Estate at will
Renee listed her property on March 13. After several months, lots of marketing
and effort from the agent, a price adjustment, and several showings but no offers,
Renee decided to list the property with another firm. Based on this situation, under
which of these conditions can Renee list the property with another firm without
breaching her agreement? - ANSWER ✓ The listing agreement expired.
Which entity services rural development loans? - ANSWER ✓ FSA
Which of the following statements about conservation easements is true? -
ANSWER ✓ Owners of land with conservation easements may mortgage, lease,
sell, or bequeath the land.
, There are three sections to the public report application in Arizona: the
instructions and general information section, the required documents section, and
the _______. - ANSWER ✓ Questionnaire
Regarding timeshares, Arizona has ______. - ANSWER ✓ Enacted a law to
protect consumers
Tom is an Arizona homeowner who had a judgment lien levied against him, but
the Arizona Homestead Exemption will allow him to exempt part of his primary
residence from seizure for payment of debts. What is the maximum amount
Arizona homeowners can exempt? - ANSWER ✓ $150,000 for an individual or
married couple
Your client Jamie wants to develop a subdivision within an AMA. Which of the
following will she have to do? - ANSWER ✓ Prove that there's enough water
available to meet the subdivision's needs for 100 years.
Arizona landlord Tara receives a notice of a trustee's sale on the property she's
already rented out to tenant Will. What is Tara's obligation under the law? -
ANSWER ✓ She must send Will a written notice of this within five business days
of receiving the sale notice.
When proceeds from an Arizona foreclosure sale are applied, which of these
parties will be paid after any junior lien holders? - ANSWER ✓ The trustor
Select the choice that best translates this clause into plain English. "Upon payment
of all sums secured by this Mortgage, Mortgagee shall discharge this Mortgage
without cost to Mortgagor. Mortgagor shall pay all costs of recordation, if any." -
ANSWER ✓ When the borrower has fully paid off the loan, the lender will record
that the note is satisfied.
Johanna is an Arizona licensed salesperson representing a seller client in a
transaction. She understands that she's expected to behave in line with Arizona's
professional standards of conduct, including honest, fair, and lawful actions, but
she also owes her clients specific duties. Which of the following describes the
duties that she owes her clients? - ANSWER ✓ Fiduciary and statutory duties
Which of the following is a guideline used by Freddie Mac when determining if a
loan is conforming? - ANSWER ✓ Down payment
