AZ Real Estate study materials
AZ Real Estate study resources

AZ Real Estate study plan

AZ Real Estate · Give each week a clear focus.

8 weeks · About 7 hours per week

Week 1

Arizona Real Estate Statutes, Rules, and Commissioner's Rules & Licensing and Regulation of Licensees

  • Extract every numeric threshold and deadline from the Arizona real estate statutes and Commissioner's Rules (license term and renewal cycle, education hours, advertising rules, record retention, trust account timelines) into a single reference page

  • Explain in writing the Commissioner's authority, the complaint-to-hearing process, and which categories of conduct trigger which disciplinary tier (letter of concern, suspension, revocation, civil penalty)

  • Compare the licensing pathways (salesperson, associate broker, designated broker, entity license, reciprocity) and state the education, experience, and examination requirements for each

  • Complete 40 practice questions covering only Domains 1 and 2 and log every missed concept with the specific statute or rule that governs it

Your checkpoint

A one-page threshold/deadline sheet plus a written error log of at least 15 entries, each citing a rule or statute, with a score of 70% or better on the 40-question Domain 1-2 set

Week 2

Agency Relationships and Disclosure & Real Estate Contracts and Contract Law

  • Diagram the agency relationships available in Arizona (seller representation, buyer representation, dual agency with consent) and annotate when and how each disclosure must be delivered

  • List the fiduciary duties owed in each agency type and identify which duties survive termination of the relationship

  • Decompose a standard resale purchase contract into its required elements, contingencies, and every calendar deadline, then convert those into a dated timeline

  • Apply core contract law concepts (offer, acceptance, counteroffer, statute of frauds, assignment, liquidated damages, specific performance, remedies for breach) to ten short fact patterns

Your checkpoint

A completed agency-relationship diagram plus a one-page contract deadline checklist, with 70% or better on a 40-question Domain 3-4 set

Week 3

Arizona Real Estate Statutes, Rules, and Commissioner's Rules & Real Estate Contracts and Contract Law

  • Match each statutory disclosure and cancellation right to the exact contract stage at which it is triggered, and record the clock for each (delivery method, number of days, who holds the right)

  • Identify which clauses in Arizona purchase and listing contracts exist because a statute or Commissioner's Rule requires them, and quote the underlying requirement in your notes

  • Recalculate a full offer-to-close timeline for three variations: cash purchase, financed purchase with an appraisal contingency, and a transaction that falls out of escrow

  • Re-attempt every Domain 1 and Domain 4 item from your error log and rewrite the explanation for each in your own words

Your checkpoint

A one-page offer-to-close timeline template completed for all three transaction variations, with 80% or better on a 30-question mixed Domain 1 and 4 set

Week 4

Licensing and Regulation of Licensees & Agency Relationships and Disclosure

  • Trace money through a brokerage: identify what constitutes trust funds, when commingling or conversion occurs, and the recordkeeping and reconciliation duties that apply

  • Explain brokerage supervision obligations, including what an unlicensed assistant may and may not do and the rules on advertising and team names

  • Resolve six agency fact patterns by naming the duty breached, the party harmed, and the disclosure that should have been made

  • Distinguish disclose-only dual agency from transactional/limited representation scenarios as permitted under Arizona law and state the consent required

Your checkpoint

A written analysis of six agency and trust-fund scenarios, each with a named violation and the governing rule, scoring 75% or better on an 80-question cumulative set covering Domains 1-4

Week 5

Financing, Closing, and Settlement

  • Compare conventional, FHA, VA, and seller-financed transactions on down payment, mortgage insurance, appraisal and property-condition requirements, and assumability

  • Compute loan-to-value, monthly payment components, discount points, and total closing costs for five financing scenarios without a calculator error

  • Perform proration calculations for property taxes, rents, and security deposits using both the 30-day and actual-day methods, and reconcile the results against a settlement statement

  • Explain the settlement process in Arizona: who may hold escrow, what title insurance covers (owner's versus lender's policy), and how the closing disclosure timeline works

Your checkpoint

Ten resolved closing and proration problems with all work shown, at least eight of ten fully correct, plus a one-page loan-program comparison table

Week 6

Property Ownership, Land Use, Valuation, and Property Management

  • Build a comparison chart of Arizona ownership forms (sole and several ownership, tenancy in common, joint tenancy with right of survivorship, community property, community property with right of survivorship) covering creation, title passage, and creditor exposure

  • Explain how land use is regulated in Arizona through zoning, general plans, CC&Rs, and subdivision restrictions, and identify what a licensee may and may not advise on

  • Apply the three valuation approaches and compute a capitalization-rate value, a gross rent multiplier value, and a simple adjusted-comparables estimate

  • Draft a property management compliance checklist covering the management agreement, trust account handling, owner reporting, and the licensing rules specific to property managers

Your checkpoint

An ownership comparison chart plus a property management compliance checklist and five solved valuation problems, all reviewed against source material with no unresolved discrepancies

Week 7

Financing, Closing, and Settlement & Property Ownership, Land Use, Valuation, and Property Management

  • Re-work every remaining error-log item across all six domains and retire each one only after you can explain it without notes

  • Complete two 50-question timed sets drawn from Domains 5 and 6 and convert each miss into a one-line rule statement

  • Practice the calculation types most likely to appear (prorations, LTV, cap rate, commission splits, trust account balances) until three consecutive attempts are error-free

  • Summarize in writing the five concepts you are most likely to confuse and the distinguishing fact for each

Your checkpoint

A cleared error log with a dated entry showing each item retired, and 75% or better on both timed Domain 5-6 sets

Week 8

Arizona Real Estate Statutes, Rules, and Commissioner's Rules & Licensing and Regulation of Licensees & Agency Relationships and Disclosure & Real Estate Contracts and Contract Law & Financing, Closing, and Settlement & Property Ownership, Land Use, Valuation, and Property Management

  • Complete three full-length timed practice examinations under exam conditions, with no notes and no pauses

  • Analyze each missed question by domain to confirm that no single domain is falling below 70%

  • Rehearse your one-page reference sheets from weeks 1, 3, and 5 from memory, then correct them against the originals

  • Simulate exam-day logistics: confirm appointment, identification requirements, and a rest schedule for the 48 hours before test day

Your checkpoint

A score log showing three full-length practice exams with the most recent score at 80% or better and every domain at or above 70%

Milestones

Week 2: Score 70% or better on both the 40-question Domain 1-2 set and the 40-question Domain 3-4 set, and be able to state the disclosure timing rules for all three agency types from memory

Week 4: Score 75% or better on an 80-question cumulative set covering Domains 1-4, with no domain below 65%, and have a written analysis of at least six agency scenarios

Week 6: Complete all ten closing/proration problems with at least eight fully correct, and be able to explain each Arizona ownership form and its survivorship and creditor consequences without notes

Week 8: Score 80% or better on a full-length timed practice exam with every domain at or above 70%, and have every error-log item formally retired