Blog Becoming a Real Estate Agent Free Arizona Real Estate Practice Exam Questions 2024

Free Arizona Real Estate Practice Exam Questions 2024

Arizona is a lucrative real estate market. Despite some setbacks, experts predict future growth. Many businesses are moving to the state bringing residents and employment opportunities with them. 

The low home prices are also motivating people to get in on the ground floor. 

If you are interested in a real estate career in Arizona, now is the time to strike. You can get started on a lucrative future. But first, you must take the Arizona real estate exam.

Arizona practice exam

The real estate exam is not easy, but the more you know about it, the more likely you are to get a passing grade. This article will tell you everything you need to know about the exam so you can increase your chances of getting a good score.

Arizona real estate laws and regulations

The Arizona Real Estate Commission enforces various laws and regulations. Agents will be required to learn many of these laws. They will be included in the exam. 

We will review some of the laws and regulations that apply. 

• Right to Prepare Instruments for Property Transactions: Anyone holding a real estate license has a right to draft and fill out incidents related to property transactions, including earnest money receipts, deeds, mortgages, leases, etc. 
• Fingerprint Clearance: Agents must gain fingerprint clearance before obtaining a license. 
• Display and Possession of a License: The agent’s license must be prominently displayed in their office and readily available to anyone who requests it. 
• Adverse Possession: Individuals who live in, openly claim, and renovate a property may receive the title if they claim it in sufficient time, typically 3-5 years. 
• Property Lines and Boundaries: Property lines are points where one property ends and the neighboring property begins. County assessor records and survey reports can establish property lines and settle disputes between neighbors. 
• Homestead Exemption: Homestead exemption protects property owners from liquidation during bankruptcy. Debtors may be exempt for up to $150,000 equity in their home or another property they own. 
• Tenant Rights & Security Deposits: Tenant rights protect tenants for a set amount of time. They ensure that tenants will not be discriminated against by landlords based on gender, age, ethnicity, religion, or social status. They also limit security deposits to one month’s rent. The landlord must return the deposit within 14 days after lease termination. A real estate contract must be provided to the state that outlines guidelines for tenant use and modification of the property. 
• Real Estate Tax: Real estate tax is an annual fee assessed by the county appraiser based on the real estate’s value. 

What’s on the Arizona real estate exam?

There are 27 topics on the Arizona real estate exam. They include:

• Real Estate Statutes (18 questions): Agents must be familiar with real estate laws.
• Commissioner’s Rules (14 questions): These refer to the regulations of real estate as imposed by the ADRE. 
• Agency Relationships and Managerial Duties (13 questions): Agents must have a comprehensive understanding of their responsibilities and duties in client relationships. 
• Contracts and Contract Laws (10 questions): Agents must understand the contracts involved in real estate transitions and the laws that apply to those contracts. 
• Property Interests, Estates, and Tenancies (11 Questions): This topic covers the various types of ownership in real estate properties. 
• Government Rights in Real Property (5 Questions): The government has certain rights in property ownership, such as taxation, the power to take property, police power, and eminent domain. 
• Income Tax Aspects of Real Estate (2 Questions): Agents must understand how property ownership impacts income taxes. 
• Arizona Water Law (6 Questions): Water laws refer to property rules that guide water use and the sale of property with water on it. 
• Environmental Law (6 Questions); Environmental laws refer to lead, asbestos, radon, hazardous waste, and other potentially toxic substances found on properties. 
• Land Descriptions (5 Questions): A land description delineates the boundaries of a piece of property. 
• Encumbrances (4 Questions): An encumbrance is a claim against a property that may affect the owner’s ability to transfer the title. It also may restrict property use. 
• Acquisitions and Transfer of Title (7 Questions): This topic covers how to make real estate acquisitions and transfer titles.  
• Escrow and Settlement (4 Questions): Agents must understand what’s involved in the escrow and settlement process. 
• Fair Housing and ADA (4 Questions): Fair housing ensures that no one is discriminated against in a real estate transaction. 
• Leases and Leasehold Estates (8 Questions): This topic covers real estate leases. 
• Arizona Residential Landlord Tenant Act (6 Questions): The Residential Tenant Act sets guidelines for landlord and tenant interactions. 
• Property Management (7 Questions): Property management refers to the maintenance of a rental property. 
• Property Insurance and Warranties (2 Questions): Agents must be familiar with property insurance requirements and the assets under warranty. 
• Appraisal (4 Questions): An appraisal determines what a property is worth. Agents should know how appraisals are determined. 
• Financing Concepts/ Primary and Secondary Markets (5 Questions): The primary market consists of lenders that originate mortgage loans. The secondary market consists of mortgage investors.
• Residential and Commercial Financing (5 Questions): The test will cover how residential and commercial financing works. 
• Financing Documents (4 Questions): A real estate financing transaction typically includes three main documents: the purchase agreement, the promissory note, and the deed of trust.  Agents must be familiar with these documents and others that may be relevant to the process. 
• Deed of Trust Foreclosure (6 Questions): A Deed of Trust allows a lender to foreclose a property if the owner defaults on the loan. 
• Disclosure and Consumer Information (7 Questions): This topic covers required disclosures in real estate transactions. 
• Math Calculations (12 Questions): Agents will be asked to process math calculations such as loan-to-value ratio, the 28/36 rule, down payments, and more. 
• Cooperative Nature of Real Estate (2 Questions): This topic refers to a type of housing that involves owners holding shares in a corporation that owns a building rather than owning the property itself. If you buy enough shares in the corporation, you’re entitled to living space in the property. 

Arizona real estate exam FAQs?

We have covered many topic points that will come up on the real estate exam. But it’s likely you still have questions about the test-taking and license-attaining process. This FAQ section will address many of those issues. 

1. How long is the Arizona real estate exam?

The exam contains 180 graded questions plus 15 non-graded pretest questions that prepare you for the exam. You have 300 minutes (5 hours) to complete the exam. 

2. How do I prepare for the exam?

Before taking the exam, you must take 90 hours of real estate courses through an ADRE-approved school. You must study the coursework to prepare for the exam. 

3. What do I need to bring to the exam?

You must bring:

• Your pre-license education certificate (provided by your school)
• Your identification
• A calculator that meets the requirements specified in the Pearson Vue Candidate Handbook (note, a calculator is optional but recommended) 

4. How do I schedule my exam?

Exams may be scheduled through the Pearson Vue website up to one day before you want to take the test. 

5. When should I arrive for the exam?

You should arrive for the exam at least 30 minutes before it starts. An early arrival will give you enough time to have your photograph taken and review and sign the Candidate Rules Agreement. 

6. What is the passing grade? 

Students must receive a minimum grade of 75% to pass the exam. 

7. What if I fail the exam?

If you fail the exam, you can retake it. You must wait 24 hours before you reschedule your appointment. If you fail three times, you must take a refresher course before you can retake the exam. 

8. How many people pass the Arizona real estate exam?

About 77% of students pass the Arizona real estate exam. 23% don’t pass and have to take it again. Not many consider the test to be easy. 

9. How much does it cost to take the Arizona real estate exam?

As of 2023, the cost to take the Arizona real estate exam is $75. You must pay the fee every time you take the exam. The price remains the same for retakes. 

10. When will I get my exam results?

You will get your exam results immediately after completing the test. 

11. Are the questions on the exam multiple choice?

Yes, all the questions are multiple-choice. 

12. What is the hardest part of the Arizona real estate exam?

Most people consider the Practice of Real Estate and Disclosures section to be the hardest part of the real estate exam. It takes up 25% of the exam and consists of 37-38 questions. 

13. What happens after I pass my real estate exam?

After passing your state exam, you will receive an Arizona salesperson license application. You will have one year to complete the application and submit it to the ADRE. 

Your exam will not be accepted until you receive your Fingerprint Clearance Card. The process can take up to ten weeks. You will also be required to take a Contract Writing course and find a licensed Arizona broker to work with. Your license will not be activated until you find a broker. 

14. What are some tips to help me pass the real estate exam?

The exam is not easy, but a few testing strategies will ensure you do well on the test. Here are some to consider:

• Get a Study Group Together: A study group will keep you accountable so you reach your study goals. You can learn from each other’s strengths to improve weaknesses. Your group will make studying fun. 
• Use Practice Tests: Most study guides provide practice tests that simulate the testing experience and prepare you for the exam. 
• Practice Real Estate Math: There will be several math questions on the exam. Ensure you know how to calculate the answers correctly. 
• Take Notes: Handwritten or typed notes will embed details in your mind so you learn your material. 
• Create a Study Plan: A study plan will keep you on track. It will ensure you study enough without overstudying. 
• Use Flashcards: Flashcards may seem old-fashioned but they are a tried and true study method. They require you to guess answers and immediately tell you if you guessed correctly. 
• Review Real Estate Vocabulary: A real estate vocabulary review will help you learn valuable concepts and understand exam questions. 

15. How do I find the right real estate school? 

Finding the right the right real estate school is essential. It will make all the difference when it comes to a passing or failing grade. 

Here are some things to consider when searching for the school that’s right for you. 

• Online Reviews: Look at online reviews to determine customer satisfaction rates and what you can expect from the educational experience. 
• Price: It’s essential to find a school you can afford. But you must also consider the value the school provides. Some schools just give you the basics, while others offer exam reviews, continuing education, and more. Choose the school that gives you the best value for your dollar. 
• Live vs. Online Learning: Many students prefer online learning because it’s convenient. But live learning can be more engaging. It may help you learn the concepts better. Decide on a learning method that’s right for you and choose a school that offers that technique. 
• Pass Guarantee: Schools that offer a pass guarantee put their money where their mouth is. Be aware that a pass guarantee can mean different things at different schools. Some will give you your money back if you don’t pass the course. Others will provide additional courses free of charge. 
• Pass Rate: The pass rate will indicate what your success rate will be like if you attend the school. 

No one said the Arizona real estate exam was easy. But now that you are familiar with its topics and format, you have a leg up on the competition. Good luck getting a passing grade on your first attempt.