ASREB CH. 13 (2025) Actual Exam Questions
and Answers A+ Graded
1. In ,Arizona, ,a ,broker ,must ,be ,able ,to ,prove ,employment ,by ,a ,seller ,in ,order
,to ,be ,assured ,of ,collecting ,a ,commission.
Proof ,of ,employment ,is ,a(n): ,A. ,deposit ,receipt.
B. ,escrow ,agreement.
C. ,listing ,contract.
D. ,purchase ,contract.
2. A ,listing ,agreement ,is ,a ,mutual ,agreement ,between ,a ,broker ,and ,a ,principal
,and ,is ,considered ,a(n): ,A. ,contract ,of ,sale.
B. ,agreement ,of ,sale.
C. ,purchase ,contract.
D. ,authorization ,to ,sell.
3. A ,listing ,agreement ,provides ,for ,the ,payment ,of ,a ,commission ,to ,the ,broker
,even ,if ,the ,owner ,sells ,the ,property ,without
the ,broker's ,help.,This ,type ,of ,listing ,agreement ,is ,called ,a(n): ,A. ,net ,listing.
B. ,exclusive ,agency ,listing.
C. ,exclusive ,right ,to ,sell ,listing.
D. ,open ,listing.
4. A ,property ,owner ,and ,broker ,agree ,to ,a ,listing ,agreement ,that ,provides ,for
,the ,owner ,to ,receive ,a ,specified ,amount ,from
the ,sale ,and ,the ,broker ,to ,receive ,anything ,above ,that ,amount.,This ,type ,of
,listing ,is ,called ,a(n): ,A. ,net ,listing.
B. ,exclusive ,agency ,listing.
C. ,exclusive ,right ,to ,sell ,listing.
D. ,open ,listing.
5. What ,is ,NOT ,required ,in ,a ,valid ,listing ,agreement?: ,A. ,signature ,of ,the ,princi-
,pal
B. ,material ,terms
C. ,provisions ,for ,automatic ,renewal
D. ,inception ,and ,expiration ,dates
and Answers A+ Graded
1. In ,Arizona, ,a ,broker ,must ,be ,able ,to ,prove ,employment ,by ,a ,seller ,in ,order
,to ,be ,assured ,of ,collecting ,a ,commission.
Proof ,of ,employment ,is ,a(n): ,A. ,deposit ,receipt.
B. ,escrow ,agreement.
C. ,listing ,contract.
D. ,purchase ,contract.
2. A ,listing ,agreement ,is ,a ,mutual ,agreement ,between ,a ,broker ,and ,a ,principal
,and ,is ,considered ,a(n): ,A. ,contract ,of ,sale.
B. ,agreement ,of ,sale.
C. ,purchase ,contract.
D. ,authorization ,to ,sell.
3. A ,listing ,agreement ,provides ,for ,the ,payment ,of ,a ,commission ,to ,the ,broker
,even ,if ,the ,owner ,sells ,the ,property ,without
the ,broker's ,help.,This ,type ,of ,listing ,agreement ,is ,called ,a(n): ,A. ,net ,listing.
B. ,exclusive ,agency ,listing.
C. ,exclusive ,right ,to ,sell ,listing.
D. ,open ,listing.
4. A ,property ,owner ,and ,broker ,agree ,to ,a ,listing ,agreement ,that ,provides ,for
,the ,owner ,to ,receive ,a ,specified ,amount ,from
the ,sale ,and ,the ,broker ,to ,receive ,anything ,above ,that ,amount.,This ,type ,of
,listing ,is ,called ,a(n): ,A. ,net ,listing.
B. ,exclusive ,agency ,listing.
C. ,exclusive ,right ,to ,sell ,listing.
D. ,open ,listing.
5. What ,is ,NOT ,required ,in ,a ,valid ,listing ,agreement?: ,A. ,signature ,of ,the ,princi-
,pal
B. ,material ,terms
C. ,provisions ,for ,automatic ,renewal
D. ,inception ,and ,expiration ,dates
