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Arizona Real Estate Broker Examination — Information & Free Practice

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Arizona Real Estate Broker Examination

Provider
Pearson Professional Assessments
Format
Computer-based examination
Exam questions
180 scored questions and 15 unscored pretest questions
Time limit
315 minutes
Passing score
75%
Exam fee
$125
Examination outline
  • I. REAL ESTATE STATUTES – 28 QUESTIONS
    • A. Article XXVI ~ Arizona Constitution
    • B. ARS Title 32, Chapter 20
    • B.1. Arizona Department of Real Estate
    • B.2. Licensing
    • B.3. Regulation
    • B.4. Property Management
    • B.5. Subdivisions
    • B.5.a. Affidavit of Disclosure
    • B.6. Recovery Fund
    • B.7. Timeshare
  • II. COMMISSIONER’S RULES – 18 QUESTIONS
    • A. General Requirements
    • B. Continuing Education Requirements
    • C. Advertising
    • D. Compensation
    • E. Documents
    • F. Professional Conduct
  • III. AGENCY RELATIONSHIPS & MANAGERIAL DUTIES – 14 QUESTIONS
    • A. Law of Agency & Agency Relationships
    • B. Fiduciary Duties
    • C. Listing & Buyer - Broker Agreements
    • D. Brokerage Business
  • IV. CONTRACTS AND CONTRACT LAW – 10 QUESTIONS
    • A. Contract Essentials
    • B. Statute of Frauds
    • C. Purchase Contracts
    • D. Options & First Right of Refusal
    • E. Contractual Concepts
  • V. PROPERTY INTERESTS, ESTATES & TENANCIES – 10 QUESTIONS
    • A. Real Property
    • B. Personal Property
    • C. Real Estate Interests and Ownership
    • D. Easements
    • E. Tenancies
    • F. Cooperatives, Condominiums and PUD’s
  • VI. GOVERNMENT RIGHTS IN REAL PROPERTY – 4 QUESTIONS
    • A. Eminent Domain
    • B. Police Power & Escheat
    • C. Arizona Property Taxes
  • VII. INCOME TAX ASPECTS OF REAL ESTATE – 3 QUESTIONS
  • VIII. ARIZONA WATER LAW – 5 QUESTIONS
    • A. Arizona Water Doctrine
    • B. Arizona Groundwater Management Act 1980
    • C. Active Management Areas & Irrigation Non-Expansion Areas
    • D. Grandfathered Rights
    • E. Transfer of Well Rights
  • IX. ENVIRONMENTAL LAW – 6 QUESTIONS
    • A. Statutes and Agencies
    • B. Common Issues
    • C. Due Diligence
    • D. Alternative Waste Water Systems
  • X. LAND DESCRIPTIONS – 4 QUESTIONS
    • A. Metes and Bounds &/or Lot & Block
    • B. Rectangular Survey System
    • C. Arizona Constitution ~ Article X
  • XI. LAND DEVELOPMENT – 4 QUESTIONS
    • A. Zoning
    • B. Planned Communities
    • C. New Home Sales
  • XII. ENCUMBRANCES – 3 QUESTIONS
    • A. Monetary vs. Non-Monetary
    • B. Mechanic’s Lien
    • C. Arizona Homestead Exemption
  • XIII. ACQUISITIONS/TRANSFER OF TITLE – 5 QUESTIONS
    • A. Methods of Transfer
    • B. Types of Deeds
    • C. Affidavit of Value
    • D. Adverse Possession
    • E. Title Insurance
    • F. Recordation
  • XIV. ESCROW AND SETTLEMENT – 4 QUESTIONS
    • A. Closing Statements
    • B. Commission Disbursement
    • C. F.I.R.P.T.A.
  • XV. FAIR HOUSING, ADA & RESPA – 3 QUESTIONS
  • XVI. LEASES & LEASEHOLD ESTATES – 5 QUESTIONS
    • A. Leasehold Estates
    • B. Types of Leases
    • C. Leasing Terminology and Concepts
  • XVII. COMMERCIAL LEASING & BUILDING TERMINOLOGY – 3 QUESTIONS
  • XVIII. ARIZONA RESIDENTIAL LANDLORD TENANT ACT – 3 QUESTIONS
  • XIX. PROPERTY INSURANCE & WARRANTIES – 2 QUESTIONS
  • XX. APPRAISAL – 3 QUESTIONS
  • XXI. PRIMARY & SECONDARY MARKETS / FINANCING CONCEPTS – 3 QUESTIONS
  • XXII. RESIDENTIAL & COMMERCIAL FINANCING – 4 QUESTIONS
  • XXIII. FINANCING DOCUMENTS – 3 QUESTIONS
    • A. Deed of Trust
    • B. Mortgage and/or Agreement for Sale
  • XXIV. DEED OF TRUST FORECLOSURE – 5 QUESTIONS
    • A. Non-Judicial Foreclosure
    • B. Judicial Foreclosure
    • C. Other Foreclosure Concepts
    • D. Distressed Property Transactions
  • XXV. DISCLOSURE & CONSUMER PROTECTION – 8 QUESTIONS
  • XXVI. MATH CALCULATIONS – 11 QUESTIONS
  • XXVII. COOPERATIVE NATURE OF REAL ESTATE – 2 QUESTIONS
  • XXVIII. BUSINESS ACCOUNTING – 2 QUESTIONS
  • XXIX. ADRE AUDITS – 5 QUESTIONS
Examination sources