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REAL ESTATE TEST ARIZONA #5
COMPLETE QUESTIONS A ND
ANSWERS |GUARANTEED
SUCCESS
Question 1: What is the maximum security deposit
allowed by the Arizona Landlord Tenant Act?(a) First and last month's rent plus 1 1/2 months security (b) 1 1/2 month's rent plus last month (c) 1 1/2 month's rent (d) One month rent
CORRECT ANSWER: (c) 1 1/2 month's rent
Question 2: The word friable would most likely apply to
which of the following?(a) Superfund area (b) Radon Gas (c) Asbestos (d) Lead based paint
CORRECT ANSWER: (c) Asbestos
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Question 3: Water table is defined as: (a) Water in relation to sea level (b) The level at which water will be located (c) All surface water (d) When potable water can be found
CORRECT ANSWER: (b) The level at which water will
be located
Question 4: When a buyer representation fee is paid the
money is payable to which of the following:
(a) Escrow (b) Employing broker (c) Designated broker (d) Salesperson
CORRECT ANSWER: (b) Employing broker
Question 5: Who gives the right for a party to act in
behalf of another in negotiations?
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(a) Buyer (b) Principal (c) Broker (d) Lender
CORRECT ANSWER: (b) Principal
Question 6: A landlord is obligated to account for the
tenant's security deposit (within):
(a) Twenty-one days of lease termination (b) Fourteen business days of lease termination and demand (c) Immediately upon termination of the tenancy (d) Ten days after lease termination
CORRECT ANSWER: (b) Fourteen business days of
lease termination and demand
Question 7: When do you file a mechanic's lien: (a) Beginning of work (b) Six months after completion
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(c) After obtaining a judgment (d) Completion of work
CORRECT ANSWER: (d) Completion of work
Question 8: When parties agree to a contract this is called
mutual assent, this is indicated by:
(a) The notary seal (b) Acknowledgment (c) Offer and acceptance (d) Close of escrow
CORRECT ANSWER: (c) Offer and acceptance
Question 9: When a broker moves their office, the sign
must be removed:
(a) Within 30 days (b) Within 1 year (c) Within six months (d) Immediately