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ARIZONA REAL ESTATE EXAM AND PRACTICE EXAM
LATEST 2025 TEST BANK| COMPLETE 500 ACCURATE
QUESTIONS AND VERIFIED ANSWERS (100%
CORRECT ANSWERS) ALREADY GRADED A+
What clarifies ADRE's position on statues of rules?
- Case Law
- Arizona Administrative Code
- Arizona Revised Statutes
- Substantive Policy Statements - Correct Answer - D. Substantive Policy
Statements
The right of an Arizona real estate license to prepare certain legal
documents and forms comes from:
- Arizona Statute of frauds
- Commissioners rules
- Arizona constitution
- Local ordinance - Correct Answer - C. Arizona constitution
In Arizona, property owned before marriage is sole and separate. Property acquired after marriage would be considered
- Community property
- Sole and separate
- Tenancy in common
- Joint Tenancy - Correct Answer - A. Community Property 1 / 4
pg. 2 When conveying property in Arizona, a deed must be signed by the
- Grantee
- Mortgagor
- Grantor
- Trustor - Correct Answer - C. Grantor
In an agency relationship, the primary ethical duty of a broker is to
- Disclose all items to all parties
- Represent all parties
- Represent neither buyer nor seller
- Represent the principal - Correct Answer - D. Represent the principal
If a buyer buys a parcel of land for which a public report was required but not issued, the buyer may void the sale within
- 1 year
- 2 years
- 3 years
- 5 years - Correct Answer - C. 3 years
Past due taxes appear on a title report as a(n)
- Encumbrance
- Encroachment
- Lis pendens
- Adverse possession - Correct Answer - A. Encumbrance
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pg. 3 In a sublease with a positive leasehold, who usually benefits from the excess rent
- Sublease
- Lessor
- Broker
- Sublessor - Correct Answer - D. Sublessor
What document is recorded with the deed?
- affidavit of value
- purchase contract
- property disclosure
- closing disclosure - Correct Answer - A. affidavit of value
A bring down endorsement is associated with which of the following?
- points
- origination fee
- title
- homeowners’ insurance policy - Correct Answer - C. title
Which law requires the delivery of the Closure Disclosure prior to loan consummation?
A. ECOA
B. FIRPTA
C. RESPA
- HUD - Correct Answer - C. RESPA
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pg. 4 What is the purpose of the Foreign Investment Real Property Act?
- report the sale of personal property
- reports the sale price to IRS
- requires tax withholding if seller is a non-resident alien
- describes the loan status of foreign nationals - Correct Answer - C.
requires tax withholding if seller is a non-resident alien
Before. Tenant can exercise the self-help for minor defect provision, the tenant must give the owner how many days to cure the defect?
- 3 days
- 5 days
- 7 days
- 10 days - Correct Answer - D. 10 days
At what point does recordation take place?
- When a docket and page number are assigned
- At close of escrow date
- The date the document was signed
- The date the document was notarized - Correct Answer - A. When a
docket and page number are assigned
After a mortgage foreclosure, if the sale amount was insufficient to cover the debt, the lender may ask for a(n)
- deficiency judgement
- assessment
- assignment of rents
- deed in lieu of foreclosure - Correct Answer - A. deficiency judgement
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