Free Real Estate Broker Course Examination Practice Questions

Sample Practice Questions

Try these 10 sample questions from the Real Estate Broker Course Examination practice bank. Each includes the answer and explanation. Continue with the interactive practice above to review the full question set.

1. 1An Arizona licensee represents a landlord in leasing a property. Which document falls within Article XXVI's incident-instrument authority?

   1. A. A corporate securities prospectus
   2. B. A lease for the represented property transaction
   3. C. A will for the property owner
   4. D. A patent application for building technology

   Answer: B

   Explanation: Article XXVI expressly includes "the renting and leasing of property" and identifies "leases" among the instruments a licensee may prepare incident to the represented transaction.

   Reference: Arizona Constitution — Ariz. Const. art. XXVI, § 1

2. 2How many days before license expiration is the earliest a designated broker may submit the required Audit Declaration?

   1. A. 30 days
   2. B. 90 days
   3. C. 60 days
   4. D. 120 days

   Answer: B

   Explanation: A.A.C. R4-28-303(A)(2)(f) requires the declaration to be filed before or with renewal and "submitted to the Department no earlier than 90 days before the broker's license expiration date."

   Reference: 4 A.A.C. 28 — A.A.C. R4-28-303(A)(2)(f)

3. 3How does an Arizona property-tax lien generally rank against other private liens and encumbrances on the property?

   1. A. It is subordinate to any recorded mortgage
   2. B. It shares equal priority with mechanic's liens
   3. C. It is subordinate to deeds of trust recorded first
   4. D. It is prior and superior, subject to the statutory exceptions for state and other-year tax liens

   Answer: D

   Explanation: A.R.S. § 42-17153(C)(3) states that the property-tax lien "is prior and superior to all other liens and encumbrances" except the listed state and other-year tax liens.

   Reference: 42-17153 - Lien for taxes; time lien attaches; priority — A.R.S. § 42-17153(C)(3)

4. 4Which statutory management goal distinguishes Arizona's Pinal Active Management Area from the safe-yield goals of several other AMAs?

   1. A. Preserve existing agricultural economies as long as feasible while preserving water for future non-irrigation uses
   2. B. Eliminate all irrigation pumping immediately
   3. C. Reserve all groundwater exclusively for municipal use
   4. D. Transfer groundwater management to county assessors

   Answer: A

   Explanation: A.R.S. § 45-562(B) sets the goal "to preserve existing agricultural economies in the active management area for as long as feasible, consistent with the necessity to preserve future water supplies for non-irrigation uses."

   Reference: 45-562 - Management goals for active management areas — A.R.S. § 45-562(B)

5. 5What sale method does Article X generally require for Arizona state trust lands?

   1. A. Public auction to the highest and best bidder after required notice
   2. B. Private negotiation with the first adjoining owner
   3. C. Sealed sale limited to Arizona residents
   4. D. Direct conveyance at assessed value without bidding

   Answer: A

   Explanation: Article X requires trust land to be disposed of "to the highest and best bidder at a public auction" following the constitutionally prescribed notice.

   Reference: Arizona Constitution — Ariz. Const. art. X, § 3

6. 6A planned community has fewer than fifty units. Who ordinarily furnishes the statutory resale disclosure to the purchaser?

   1. A. The county recorder
   2. B. The selling member
   3. C. ADRE
   4. D. The title insurer

   Answer: B

   Explanation: A.R.S. § 33-1806(A) provides that "For planned communities with fewer than fifty units, a member shall mail or deliver to a purchaser" the required information.

   Reference: 33-1806 - Resale of units; information required; fees; civil penalty; definition — A.R.S. § 33-1806(A)

7. 7Who may execute Arizona's affidavit of legal value for a real-property transfer?

   1. A. Only the county assessor
   2. B. Only the escrow officer
   3. C. Only the seller personally
   4. D. The seller and buyer, or the agent of either or both, as the statute permits

   Answer: D

   Explanation: A.R.S. § 11-1133(A) calls for an affidavit of the seller and buyer "or the agent of either the seller or buyer, or both."

   Reference: 11-1133 - Affidavit of legal value — A.R.S. § 11-1133(A)

8. 8A residential tenancy ends, possession is delivered, and the tenant demands an accounting. Within what period must the Arizona landlord provide the itemized deductions and any amount due?

   1. A. 7 calendar days
   2. B. 10 business days
   3. C. 30 calendar days
   4. D. 14 days excluding Saturdays, Sundays, and legal holidays

   Answer: D

   Explanation: A.R.S. § 33-1321(D) requires the accounting "within fourteen days, excluding Saturdays, Sundays or other legal holidays" after termination, delivery of possession, and demand.

   Reference: 33-1321 - Security deposits — A.R.S. § 33-1321(D)

9. 9An Arizona licensee learns that the seller may be unable to perform the sale contract. What must the licensee do with that material information?

   1. A. Keep it confidential until default occurs
   2. B. Tell only the employing broker
   3. C. Disclose it in writing to all other transaction parties
   4. D. Report it only to the title insurer

   Answer: C

   Explanation: A.A.C. R4-28-1101(B)(1) requires written disclosure of "any information that the seller or lessor is or may be unable to perform."

   Reference: 4 A.A.C. 28 — A.A.C. R4-28-1101(B)(1)

10. 10What does ADRE examine in a Trust Compliance Review?

    1. A. Only the brokerage's advertising files
    2. B. Only the designated broker's continuing education
    3. C. Only subdivision public reports
    4. D. Broker trust accounts for statutory compliance

    Answer: D

    Explanation: ADRE states: "A Trust Compliance Review goes over the Trust Accounts to ensure they are in compliance with A.R.S. § 32-2151."

    Reference: Auditing & Investigations | Department of Real Estate — Frequently Asked Questions — What is a Trust Compliance Review?