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Arizona Real Estate Sales - State — Information & Free Practice

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Arizona Real Estate Sales - State

Provider
Pearson VUE
Format
Computer-based written examination
Exam questions
60 scored questions and 5 unscored pretest questions
Time limit
90 minutes
Passing score
75% of questions answered correctly
Examination outline
  • I. Arizona Real Estate Regulatory Framework (5 items)
    • A. Overview of the Sources of Arizona Real Estate Law References
    • B. Scope, Duties, and Powers of the Arizona Real Estate Department
    • C. Real Estate Recovery Fund
    • D. Licensing Requirements
    • E. Licensee Activities
  • II. Arizona Consumer Protection Laws (5 items)
    • A. 1967 Arizona Consumer Fraud Protection Act
    • B. Statute of Frauds
    • C. Arizona Fair Housing
    • D. Arizona Homestead Laws
  • III. Advertising (5 items)
    • A. Advertising by a Licensee
    • B. Promotional Activities
    • C. Development Advertising
    • D. Advertising Supervision
  • IV. Arizona Agency (6 items)
    • A. Types of Agency
    • B. Creation of Agency
    • C. Arizona Agency Case Law on Customers and Clients
    • D. Termination of Agency
  • V. Licensee Duties and Obligations (6 items)
    • A. Licensee Obligations of Disclosure
    • B. Licensee Obligations on Seller Disclosures
    • C. Conflicts of Interest Disclosure
    • D. Compensation Disclosures
    • E. Experience/Knowledge Disclosures
    • F. Timing of Performance for Clients and Customers
    • G. Controversy Between Cross Sale Agents
  • VI. Licensee Competencies and Duties (6 items)
    • A. Professional Competency Requirements
    • B. Property Types
    • C. Niche Areas of Real Estate
    • C.1. New Home Sales & Developments
    • C.2. Property Management
    • C.3. Timeshare
    • C.4. Vacant Land
    • C.5. Commercial
  • VII. Reasonable Skill and Care (6 items)
    • A. Licensee Obligation
    • B. Property Taxes and Special Assessments
    • C. Arizona Utility and Environmental Regulation
  • VIII. Contracts (8 items)
    • A. Employment Agreements
    • B. Purchase Contracts
    • B.1. Valid Contract Requirements
    • B.2. Consideration
    • B.3. Terms and Conditions
    • B.4. Closing Process and Possession
    • B.5. Costs at Closings
  • IX. Critical Business Services for a Real Estate Transaction (5 items)
    • A. Escrow
    • B. Title Insurance
    • C. Lending
  • X. Ownership and Encumbrances (5 items)
    • A. Ownership
    • B. Liens
    • C. Deeds
    • D. Homeowner's Association (HOA) and Restrictions
    • E. Easements and Other Encumbrances
  • XI. Foreclosure/Short Sale/Deed In-Lieu Process (3 items)
    • A. Arizona Anti-Deficiency Statute
    • B. Foreclosure Process
Examination sources