ASREB (Arizona School of Real Estate and Business) |
Proficiency Exam Mastery Pack: Certified Questions with
Model Answer Key 2025/2026
The property management agreement between Acme Property Management and
property owner Butch terminates. Butch is requiring that Sara immediately refund all
monies on account for Butch's property. Within how many days must Butch's money be
refunded to him?
A)
Within 75 days
B)
Immediately
C)
Within 5 days
D)
Within 35 days - correct answer D)
Within 35 days
Question #15 of 80
Question ID: 1286631
Which of the following types of property class has an assessment ratio of 16% of its
assessed value?
A)
Single-family residence that is historic property
B)
A single-family residence
C)
An apartment building
D)
An unimproved lot - correct answer D)
An unimproved lot
,Question #16 of 80
Question ID: 1286638
What is the meaning of the term safe yield?
A)
The daily groundwater usage must yield a safe ppm of mineral deposits.
B)
The annual groundwater usage must not exceed the annual groundwater recharge.
C)
The annual groundwater recharge must exceed the annual groundwater usage.
D)
Groundwater recharge should not occur. - correct answer B)
The annual groundwater usage must not exceed the annual groundwater recharge.
Question #17 of 80
Question ID: 1286654
The Arizona Residential Landlord and Tenant Act requires property managers to provide
disclosures to all tenants who sign leases to rent property managed by the brokerage.
Which of the following is NOT a required disclosure?
A)
Disclosure of the names and business address of the persons authorized to accept
rental payments
B)
Disclosure of the phone numbers of the persons authorized to manage the unit
C)
Disclosure of the names and business address of the persons authorized to manage the
unit
D)
Disclosure that a free copy of the Arizona Residential Landlord and Tenant Act is
available - correct answer B)
,Disclosure of the phone numbers of the persons authorized to manage the unit
Question #18 of 80
Question ID: 1286618
A salesperson or broker shall deliver to each party signing the document a legible copy
of any executed transaction document
A)
within 3 business days after all parties agree.
B)
within 10 days of execution.
C)
as soon as practical.
D)
immediately upon the party signing. - correct answer C)
as soon as practical.
Question #19 of 80
Question ID: 1286620
If a branch manager is a licensed salesperson, the salesperson may, when dealing with
branch office transactions,
A)
perform office management tasks that are statutory duties of the employing broker.
B)
Hire or sever a salesperson or associate broker.
C)
be a signer on the broker's trust account and property management trust account.
D)
review and initial contracts. - correct answer C)
be a signer on the broker's trust account and property management trust account.
, Question #20 of 80
Question ID: 1286640
About how much of the land in Arizona is designated as wetlands?
A)
More than 50%
B)
Less than 1%
C)
There are no designated wetlands in Arizona
D)
More than 20% - correct answer B)
Less than 1%
Question #21 of 80
Question ID: 1286650
How long must an adverse possessor be using the property before a prescriptive
easement becomes possible?
A)
10 years
B)
7 years
C)
5 years
D)
21 years - correct answer A)
10 years
Question #22 of 80
Proficiency Exam Mastery Pack: Certified Questions with
Model Answer Key 2025/2026
The property management agreement between Acme Property Management and
property owner Butch terminates. Butch is requiring that Sara immediately refund all
monies on account for Butch's property. Within how many days must Butch's money be
refunded to him?
A)
Within 75 days
B)
Immediately
C)
Within 5 days
D)
Within 35 days - correct answer D)
Within 35 days
Question #15 of 80
Question ID: 1286631
Which of the following types of property class has an assessment ratio of 16% of its
assessed value?
A)
Single-family residence that is historic property
B)
A single-family residence
C)
An apartment building
D)
An unimproved lot - correct answer D)
An unimproved lot
,Question #16 of 80
Question ID: 1286638
What is the meaning of the term safe yield?
A)
The daily groundwater usage must yield a safe ppm of mineral deposits.
B)
The annual groundwater usage must not exceed the annual groundwater recharge.
C)
The annual groundwater recharge must exceed the annual groundwater usage.
D)
Groundwater recharge should not occur. - correct answer B)
The annual groundwater usage must not exceed the annual groundwater recharge.
Question #17 of 80
Question ID: 1286654
The Arizona Residential Landlord and Tenant Act requires property managers to provide
disclosures to all tenants who sign leases to rent property managed by the brokerage.
Which of the following is NOT a required disclosure?
A)
Disclosure of the names and business address of the persons authorized to accept
rental payments
B)
Disclosure of the phone numbers of the persons authorized to manage the unit
C)
Disclosure of the names and business address of the persons authorized to manage the
unit
D)
Disclosure that a free copy of the Arizona Residential Landlord and Tenant Act is
available - correct answer B)
,Disclosure of the phone numbers of the persons authorized to manage the unit
Question #18 of 80
Question ID: 1286618
A salesperson or broker shall deliver to each party signing the document a legible copy
of any executed transaction document
A)
within 3 business days after all parties agree.
B)
within 10 days of execution.
C)
as soon as practical.
D)
immediately upon the party signing. - correct answer C)
as soon as practical.
Question #19 of 80
Question ID: 1286620
If a branch manager is a licensed salesperson, the salesperson may, when dealing with
branch office transactions,
A)
perform office management tasks that are statutory duties of the employing broker.
B)
Hire or sever a salesperson or associate broker.
C)
be a signer on the broker's trust account and property management trust account.
D)
review and initial contracts. - correct answer C)
be a signer on the broker's trust account and property management trust account.
, Question #20 of 80
Question ID: 1286640
About how much of the land in Arizona is designated as wetlands?
A)
More than 50%
B)
Less than 1%
C)
There are no designated wetlands in Arizona
D)
More than 20% - correct answer B)
Less than 1%
Question #21 of 80
Question ID: 1286650
How long must an adverse possessor be using the property before a prescriptive
easement becomes possible?
A)
10 years
B)
7 years
C)
5 years
D)
21 years - correct answer A)
10 years
Question #22 of 80
