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REAL ESTATE SALESPERSON 2026/2027
ACCURATE EXAM REAL QUESTIONS WITH
WELL ELABORATED ANSWERS (100%
CORRECT VERIFIED SOLUTIONS) LATEST
UPDATED VERSION GUARANTEED PASS
A+| BRAND NEW!
Question 1
A salesperson is showing a buyer a home that smells strongly
of cigarette smoke. The buyer asks, "Does anyone smoke
here?" The salesperson knows the seller smokes two packs a
day but has not been asked by the seller to disclose this. What
is the correct action?
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A) Say "No" to avoid offending the seller.
B) Say "I am not sure" to remain neutral.
C) Say "Not that I am aware of" to protect the seller.
D) Say "I have not asked the seller that question."
Correct Answer: D
Rationale: A salesperson must not knowingly deceive a buyer.
Saying "No" (A) or "Not that I am aware of" (C) would be
false. Option B is evasive but acceptable; however, D is the
most accurate because it truthfully states the agent's lack of
knowledge. Arizona law requires honesty and prohibits
misrepresentation, even if the fact is unflattering to the seller.
Question 2
Under Arizona Administrative Code R4-28-1101, what is the
maximum period a principal broker must retain trust account
records after the close of a transaction?
A) 3 years
B) 5 years
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C) 7 years
D) 10 years
Correct Answer: B
Rationale: Arizona requires retention of trust account records,
including ledgers, receipts, and disbursements, for a minimum
of 5 years from the date of the last transaction entry. This
applies even after the broker's license is inactive or
terminated.
Question 3
Dual agency is permitted in Arizona. A salesperson is
representing both the seller (Tom) and the buyer (Lisa) in the
same transaction. Which of the following is NOT required?
A) A written dual agency agreement signed by both parties.
B) A statement that the agent will not disclose that the seller
will accept less than the list price.
C) A statement that the agent will not disclose that the buyer
will pay more than the offer price.
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D) A written "No Dual Agency" option for both parties to
waive.
Correct Answer: D
Rationale: While informed written consent is required, there is
no specific ADRE rule requiring a separate "No Dual Agency"
waiver form. Options B and C are mandatory confidentiality
requirements in dual agency. Option A is required under ARS §
32-2151.
Question 4
A licensee is representing a seller under an exclusive listing
agreement. The seller decides to sell the property to their
cousin without the licensee’s help. The listing agreement does
not have a "Family Exemption" clause. Is the seller obligated to
pay the commission?
A) Yes, because the exclusive right-to-sell listing entitles the
broker to commission regardless of who finds the buyer, unless
exempted.
REAL ESTATE SALESPERSON 2026/2027
ACCURATE EXAM REAL QUESTIONS WITH
WELL ELABORATED ANSWERS (100%
CORRECT VERIFIED SOLUTIONS) LATEST
UPDATED VERSION GUARANTEED PASS
A+| BRAND NEW!
Question 1
A salesperson is showing a buyer a home that smells strongly
of cigarette smoke. The buyer asks, "Does anyone smoke
here?" The salesperson knows the seller smokes two packs a
day but has not been asked by the seller to disclose this. What
is the correct action?
,Page 2 of 226
A) Say "No" to avoid offending the seller.
B) Say "I am not sure" to remain neutral.
C) Say "Not that I am aware of" to protect the seller.
D) Say "I have not asked the seller that question."
Correct Answer: D
Rationale: A salesperson must not knowingly deceive a buyer.
Saying "No" (A) or "Not that I am aware of" (C) would be
false. Option B is evasive but acceptable; however, D is the
most accurate because it truthfully states the agent's lack of
knowledge. Arizona law requires honesty and prohibits
misrepresentation, even if the fact is unflattering to the seller.
Question 2
Under Arizona Administrative Code R4-28-1101, what is the
maximum period a principal broker must retain trust account
records after the close of a transaction?
A) 3 years
B) 5 years
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C) 7 years
D) 10 years
Correct Answer: B
Rationale: Arizona requires retention of trust account records,
including ledgers, receipts, and disbursements, for a minimum
of 5 years from the date of the last transaction entry. This
applies even after the broker's license is inactive or
terminated.
Question 3
Dual agency is permitted in Arizona. A salesperson is
representing both the seller (Tom) and the buyer (Lisa) in the
same transaction. Which of the following is NOT required?
A) A written dual agency agreement signed by both parties.
B) A statement that the agent will not disclose that the seller
will accept less than the list price.
C) A statement that the agent will not disclose that the buyer
will pay more than the offer price.
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D) A written "No Dual Agency" option for both parties to
waive.
Correct Answer: D
Rationale: While informed written consent is required, there is
no specific ADRE rule requiring a separate "No Dual Agency"
waiver form. Options B and C are mandatory confidentiality
requirements in dual agency. Option A is required under ARS §
32-2151.
Question 4
A licensee is representing a seller under an exclusive listing
agreement. The seller decides to sell the property to their
cousin without the licensee’s help. The listing agreement does
not have a "Family Exemption" clause. Is the seller obligated to
pay the commission?
A) Yes, because the exclusive right-to-sell listing entitles the
broker to commission regardless of who finds the buyer, unless
exempted.
