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ARIZONA AZ REAL ESTATE EXAM NEWEST ACTUAL EXAM QUESTIONS AND DETAILED CORRECT ANSWERS WITH RATIONALES | 2025 A+ STUDYGUIDE $22.99   Add to cart

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ARIZONA AZ REAL ESTATE EXAM NEWEST ACTUAL EXAM QUESTIONS AND DETAILED CORRECT ANSWERS WITH RATIONALES | 2025 A+ STUDYGUIDE

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ARIZONA AZ REAL ESTATE EXAM NEWEST ACTUAL EXAM QUESTIONS AND DETAILED CORRECT ANSWERS WITH RATIONALES | 2025 A+ STUDYGUIDE

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  • September 10, 2024
  • 71
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • ARIZONA AZ REAL ESTATE
  • ARIZONA AZ REAL ESTATE
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Tutorkev
ARIZONA AZ REAL ESTATE EXAM
NEWEST ACTUAL EXAM QUESTIONS
AND DETAILED CORRECT ANSWERS
WITH RATIONALES | 2025 A+
STUDYGUIDE
Mary and Mark are buying their first home, which was built
just 3 years ago. After touring the property which seems to
be in good repair they waive their right to a home
inspection not anticipating any issues. After closing, and
moving in they find that some of the duct work in the crawl
space has fallen and is no longer attached causing all the
air to be released under the home. They are upset that the
seller did not mention the issue, and when asked the seller
states they had no idea that had happened. Is the seller at
fault for not disclosing this issue to the buyers?
A. Yes, The seller should disclose all issues.
B. No, the seller had no knowledge of the issue.
C. Yes, the seller must provide a home inspection report.
D. Yes, the seller should pay for the repairs. Correct
Answer B.
A seller's disclosure is not a warranty or guarantee
that the home is free of issues. The seller can only
disclose what they are aware of. The buyer has the
responsibility of doing their due diligence in order to
discover any unknown issues outside of those
disclosed.

,Leslie is showing her listing to some prospective buyer
customers. Leslie grew up just down the road and knows
this property was once used as a dumpsite many years
ago. Does Leslie have to make the prospective buyers
aware of this information since they are customers and not
clients?
A. No, the seller is responsible for disclosures
B. No, they are not clients
C. Yes, the agent must disclose
D. No, buyers are responsible for inspections Correct
Answer C.
Agents owe clients and customers alike the
disclosure of any possible environmental hazards.

Johnny's home is under contract and the prospective
buyers had a home inspection. The inspection noted some
roof issues which Johnny was not previously aware of.
The buyers provided Johnny with a copy of the inspection
and an inspection notice terminating the sales contract.
What should Johnny do going forward:
A. Drop the price drastically
B. Update the seller's disclosure to include the roof issues
C. Make any future buyers aware of the roof issues if they
ask
D. He must repair the roof prior to sale Correct Answer B.
A seller must disclose any issues with the property or
repairs needed which they are aware of. Once the
home inspection revealed a roof repair is needed the
seller's disclosure should be updated to reflect the
newfound knowledge prior to new prospective buyers
receiving the disclosure.

,Disclosure law specifics vary by state, however, in which
type of transaction would the seller's property disclosure
generally NOT be required?
A. Residential Arm's Length Transaction
B. Triplex Purchase
C. Residential Foreclosure
D. Mobil Home Purchase Correct Answer C.
A foreclosure sale is exempt from the seller's
disclosure requirements due to the seller being the
lender with little to no knowledge of the properties
specifics.

A listing agreement in writing creates which form of
agency?
A. Negligent Agency
B. Implied Agency
C. Express Agency
D. Ostensible Agency Correct Answer C.
A written listing agreement creates an expressed
agency. The agency relationship is expressed in
writing.

In compliance with fair housing regulations any deed
restriction or covenant that would prohibit the conveyance
of the property to a member of a protected class is:
A. Legal
B. Is not legal, considered void, and unenforceable
C. Will stand in court
D. Valid Correct Answer B.

, In compliance with fair housing regulations any deed
restriction or covenant that would prohibit the
conveyance of the property to members of a protected
class is not legal, considered void, and unenforceable.

Listing Broker Doug took a buyer to see Drew's home. The
buyer says he wants to think it over and 2 weeks later the
listing agreement with Doug expires. Upon expiration of
the listing agreement, Drew lists the property with Listing
Agent LaDawn from another brokerage. A few days after
that the buyer that Doug introduced to the home, knocks
on Drew's door and wants to make an offer to purchase
the home. When the home sells to this buyer, who gets
the commission instance?
A. Doug, he has a protection clause in the listing
agreement.
B. The seller is not required to pay either agent.
C. Doug, he introduced the buyer to the property.
D. LaDawn, Doug is no longer entitled to commission
because the protection clause is void once the property is
listed with another agent. Correct Answer D.
A Protection Clause can entitle an agent to
commission after the listing agreement has expired
during a pre-specified time frame but only if the home
is not relisted with another agent which voids the
remaining Protection Clause term.

A contract between two parties both giving a promise for a
promise is called a:
A. Unilateral Contract
B. Bilateral Contract

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