ASREB (Arizona School of Real Estate and Business)
Session 17 Exam Preparation Questions and Assured
Success Solutions Newly updates 2025/2026
Per Arizona's Commissioner's Rules, a broker is required to give copies of all
documents to which of the following parties?
A. All parties associated with the transaction
B. All service providers
C. Lenders
D. Only those who request them - correct answer a
If an associate broker has been authorized to perform designated broker functions and
manage transactions in the office , which would be ILLEGAL ?
A. Reviewing and initialing contracts
B. Hiring salespersons
C. Severing other associate brokers
D. Receiving commissions directly from sellers - correct answer d
A licensee buys a domain name for a website to advertise their real estate listings . It
must be approved by the :
A. broker
B. Arizona Department of Real Estate
C. Real Estate Commissioner
D. corporation commission - correct answer a
What must appear on a real estate for sale sign ?
A. Company name
B. Company name and phone number
C. Company name , phone number , and address
, D. Agent's name and phone number - correct answer a
How long does a licensee have to inform the Real Estate Commissioner after being
convicted of a felony ?
A. 3 days
B. 5 days
C. 7 days
D. 10 days - correct answer d
A licensee may place a " for sale " or " for rent " sign on a property provided he or she
has :
A. written permission from the property owner
B. written approval from the listing broker C. oral approval from the property occupant
D. oral approval from the property owner and the sign meets local zoning codes -
correct answer a
When a real estate broker represents the seller in a transaction , can a broker be held
liable for failure to disclose to the buyer the environmental problems associated with a
particular piece of property ?
A. No , since there exists no agency relationship between broker and buyer
B. No , since the broker represents the seller only
C. Yes , since the broker owes fiduciary to both buyer and seller
D. Yes , since failure to disclose would be a violation of the Commissioner's Rules and
Regulations - correct answer d
The rules of the Real Estate Commissioner :
A. are in the Arizona Constitution
B. are part of the Arizona Administrative Code
C. are statutory
D. are irrelevant to licensees with inactive licenses - correct answer b
Session 17 Exam Preparation Questions and Assured
Success Solutions Newly updates 2025/2026
Per Arizona's Commissioner's Rules, a broker is required to give copies of all
documents to which of the following parties?
A. All parties associated with the transaction
B. All service providers
C. Lenders
D. Only those who request them - correct answer a
If an associate broker has been authorized to perform designated broker functions and
manage transactions in the office , which would be ILLEGAL ?
A. Reviewing and initialing contracts
B. Hiring salespersons
C. Severing other associate brokers
D. Receiving commissions directly from sellers - correct answer d
A licensee buys a domain name for a website to advertise their real estate listings . It
must be approved by the :
A. broker
B. Arizona Department of Real Estate
C. Real Estate Commissioner
D. corporation commission - correct answer a
What must appear on a real estate for sale sign ?
A. Company name
B. Company name and phone number
C. Company name , phone number , and address
, D. Agent's name and phone number - correct answer a
How long does a licensee have to inform the Real Estate Commissioner after being
convicted of a felony ?
A. 3 days
B. 5 days
C. 7 days
D. 10 days - correct answer d
A licensee may place a " for sale " or " for rent " sign on a property provided he or she
has :
A. written permission from the property owner
B. written approval from the listing broker C. oral approval from the property occupant
D. oral approval from the property owner and the sign meets local zoning codes -
correct answer a
When a real estate broker represents the seller in a transaction , can a broker be held
liable for failure to disclose to the buyer the environmental problems associated with a
particular piece of property ?
A. No , since there exists no agency relationship between broker and buyer
B. No , since the broker represents the seller only
C. Yes , since the broker owes fiduciary to both buyer and seller
D. Yes , since failure to disclose would be a violation of the Commissioner's Rules and
Regulations - correct answer d
The rules of the Real Estate Commissioner :
A. are in the Arizona Constitution
B. are part of the Arizona Administrative Code
C. are statutory
D. are irrelevant to licensees with inactive licenses - correct answer b
