Arizona Real Estate Exam Practice Questions (2025)

Arizona's real estate salesperson exam has 180 questions: 100 national and 80 state-specific. You need 75% (135/180) to pass. Here are practice questions from both sections.

National Section Questions

Q1: A property's annual NOI is $72,000. If the cap rate is 6%, what is the property's value? - Value = NOI ÷ Cap Rate = $72,000 ÷ 0.06 = $1,200,000

Q2: Under TRID, the Closing Disclosure must be provided to the borrower no later than how many business days before closing? A) 1 business day B) 2 business days C) 3 business days D) 5 business days

Answer: C — TRID requires the Closing Disclosure at least 3 business days before consummation of the loan.

Q3: A listing agreement is an example of what type of agency? A) Universal agency B) General agency C) Special agency D) Dual agency

Answer: C — A listing agreement creates a special (limited) agency — the agent is authorized to perform a specific task (sell the property) on behalf of the principal.

Arizona-Specific Section Questions

Q4: The Arizona Department of Real Estate (ADRE) is headed by: A) The Arizona Real Estate Commission B) The Commissioner of Real Estate C) The Secretary of State D) The Attorney General

Answer: B — Arizona's Department of Real Estate is administered by the Commissioner of Real Estate, appointed by the Governor.

Q5: Arizona real estate license law is found in: A) Arizona Revised Statutes Title 33 (Property) B) Arizona Revised Statutes Title 32, Chapter 20 C) Arizona Administrative Code Title 4 D) Arizona Real Estate Practices Act

Answer: B — The Arizona Real Estate Statutes are in ARS Title 32, Chapter 20.

Q6: Arizona requires real estate salesperson applicants to complete how many hours of prelicense education? A) 45 hours B) 60 hours C) 90 hours D) 120 hours

Answer: C — Arizona requires 90 hours of prelicense education for salesperson applicants.

Q7: In Arizona, what is an "unimproved" parcel of land? A) Land without utilities B) Land located outside city limits C) A parcel of land without any buildings D) Land that has not been subdivided

Answer: C — In Arizona real estate practice, "unimproved" generally means land without buildings or structures. Arizona's subdivision laws and disclosure requirements differ for improved vs. unimproved land.

Q8: Arizona's "imputed knowledge" rule means: A) A buyer is assumed to know everything in public records B) A broker is responsible for information known to their salesperson C) A licensee is presumed to know facts they should have known D) Disclosure is imputed from the listing to the buying agent

Answer: B — In Arizona, knowledge acquired by a salesperson in the course of their duties is imputed to the broker — meaning the broker is held responsible even if the broker personally didn't know.

Q9: Arizona requires the Seller's Property Disclosure Statement for: A) All real property transactions B) Residential properties with 1-4 units C) Commercial properties only D) All transactions except new construction

Answer: B — Arizona's Seller's Property Disclosure Statement (SPDS) is required for residential properties of 1-4 units.

Q10: In Arizona, a real estate licensee's license must be renewed every: A) 1 year B) 2 years C) 3 years D) 4 years

Answer: C — Arizona real estate licenses are renewed every 3 years (unusual — most states are 2 years).

Key Arizona Topics

• ADRE Commissioner: Appointed by Governor (not a commission structure like FREC)
• ARS Title 32, Chapter 20: Arizona license law
• 90-hour prelicense: Required for salesperson
• 3-year renewal: Unlike most states' 2-year cycle
• SPDS: Required for 1-4 unit residential sales

[Practice Arizona questions at CARealestate.com/states/arizona](https://carealestate.com/states/arizona)