Free Arizona Real Estate Practice Exam 2026

Arizona real estate exam sample questions and answers

6 of the 140 practice questions, one from each topic, with the answer explained.

1. 1. Two brokers agree that one will take listings only east of Main Street and the other only west. This antitrust violation is:

   • A.Price fixing
   • B.Market allocation
   • C.A group boycott
   • D.A tie-in agreement

   Answer: B. Dividing territories or customers among competitors is market allocation, which the Sherman Act prohibits. Price fixing is agreeing on commission rates, which must instead be set by negotiation between each broker and client.

2. 2. At an open house, a visitor without an agent starts discussing how much he can afford to pay. The seller's agent should first:

   • A.Ask him to put his maximum price in writing
   • B.Offer to become his buyer's agent
   • C.Have him sign a purchase offer
   • D.Disclose that she represents the seller

   Answer: D. Agency disclosure should come before a consumer shares confidential information, though the exact timing and form vary by state. Collecting his maximum price first would let him reveal information that the seller's agent must share with her client.

3. 3. A lender rejects a loan applicant because much of her income comes from public assistance, though it is reliable and ongoing. Under ECOA, this is:

   • A.Illegal discrimination in lending
   • B.Permitted because assistance is not earned income
   • C.Permitted if all applicants are treated alike
   • D.Permitted for loans over the conforming limit

   Answer: A. The Equal Credit Opportunity Act bars discrimination based on race, color, religion, national origin, sex, marital status, age or receipt of public assistance income. A lender may judge whether income is reliable, but may not reject it because its source is public assistance.

4. 4. A home was the site of a homicide years ago but has no physical defects. This home is best described as:

   • A.Functionally obsolete
   • B.A latent defect
   • C.Stigmatized property
   • D.A patent defect

   Answer: C. A stigmatized property carries a psychological impact from an event such as a crime or death, not a physical flaw. In Arizona, A.R.S. 32-2156 bars any action against a seller, landlord or licensee for not disclosing a natural death, suicide, homicide or other felony on the property; a latent defect is a hidden physical problem.

5. 5. Owner A holds a recorded right to cross neighbor B's lot to reach a lake. When A sells her lot, the right:

   • A.Transfers only if B signs a new grant
   • B.Ends, because easements are personal rights
   • C.Transfers to A's buyer with the land
   • D.Stays with A personally as an easement in gross

   Answer: C. This is an easement appurtenant: A's lot is the dominant tenement, B's is the servient tenement, and the easement runs with the land to new owners. An easement in gross, such as a utility line, benefits a person or company rather than a parcel.

6. 6. Buyer 1 receives a deed but never records it. Later the seller deeds the same lot to Buyer 2, who pays value, has no knowledge, and records. Who generally prevails?

   • A.Buyer 2, under the recording acts
   • B.Both buyers, as tenants in common
   • C.Buyer 1, because the first deed controls
   • D.The seller, since both deeds are void

   Answer: A. Under A.R.S. 33-412 an unrecorded conveyance is void as to a later purchaser for value without notice, so Buyer 2, who paid value, had no notice and recorded, prevails. Buyer 1's deed is still valid between Buyer 1 and the seller under 33-412(B).