AND CORRECT ANSWER WITH EXPLANATION LATEST
2025-2026
1.
Real estate licensing in Arizona is regulated by:
A. Arizona Department of Real Estate
B. HUD
C. TREC
D. DRE (California)
Answer: A
Rationale: ADRE regulates Arizona real estate professionals.
2.
A real estate salesperson in Arizona must work under:
A. A licensed broker
B. A lender
C. An attorney
D. A title company
Answer: A
Rationale: Salespersons cannot practice independently.
3.
An Arizona salesperson license is generally valid for:
A. 2 years
B. 4 years
C. 1 year
D. 3 years
Answer: A
Rationale: Arizona licenses renew every 2 years.
,4.
Real property includes:
A. Land and improvements
B. Vehicles
C. Clothing
D. Stocks
Answer: A
Rationale: Real property is land and attachments.
5.
Personal property is also called:
A. Chattel
B. Fixture
C. Realty
D. Estate
Answer: A
Rationale: Chattel is movable property.
6.
A fixture is:
A. Permanently attached item
B. Temporary furniture
C. Cash
D. Clothing
Answer: A
Rationale: Becomes part of real estate.
7.
A deed is used to:
A. Transfer ownership
B. Approve loans
C. Set taxes
D. Appraise property
, Answer: A
Rationale: Deeds transfer title.
8.
The borrower in a mortgage is:
A. Mortgagor
B. Mortgagee
C. Trustee
D. Beneficiary
Answer: A
Rationale: Borrower gives the mortgage.
9.
The lender in a mortgage is:
A. Mortgagee
B. Mortgagor
C. Trustor
D. Lessee
Answer: A
Rationale: Lender receives repayment.
10.
A lien is:
A. Claim against property
B. Lease agreement
C. Insurance policy
D. Appraisal report
Answer: A
Rationale: Secures payment of debt.
11.