2.Commissioner's Rules Quiz

Question 1 of 74

1. Question

What minimum experience is required for an applicant seeking a broker’s license in Arizona?

1 year of full-time real estate experience

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2 years of part-time real estate experience

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3 years of full-time real estate experience

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3 out of the past 5 years full time real estate experience

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Question 2 of 74

2. Question

Which course must an applicant for a broker’s license in Arizona complete?

60-hour Broker’s Law course

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90-hour Broker’s Course certified by ADRE

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45-hour Salesperson’s Course

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120-hour Advanced Real Estate Practices Course

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Question 3 of 74

3. Question

What is required from an employing broker in Arizona regarding business information?

Disclosure of all employees’ personal information

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Disclosure of the designated broker’s name, license number, and business address

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A list of all properties managed

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Annual financial statements reported to ADRE

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Question 4 of 74

4. Question

What document must a corporation include when applying for an employing broker’s license?

Business plan for the next five years

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A copy of the Articles of Incorporation stamped “Received and Filed” by the Arizona Corporation Commission

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Financial audit for the past fiscal year

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List of all real estate transactions from the previous year

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Question 5 of 74

5. Question

How soon must a salesperson or broker notify ADRE of a change in personal information?

Within 5 days

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Within 10 days

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Within 15 days

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Within 30 days

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Question 6 of 74

6. Question

What must a licensee do if engaged in unlawful license activity?

Cease all real estate activities immediately

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Notify ADRE and provide a written explanation of the activity

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Pay a fine to ADRE

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Attend a mandatory ethics course

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Question 7 of 74

7. Question

How many hours of continuing education are required for real estate license renewal in Arizona?

24 hours every 2 years

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30 hours every 2 years

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45 hours every 3 years

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60 hours every 4 years

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Question 8 of 74

8. Question

What is a requirement for advertising by licensees according to Arizona Administrative Code?

Including the licensee’s personal contact information only

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Stating the office and location of their brokerage

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Using the term “acre” accurately according to specific measurements

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Advertising without the employing broker’s name in digital mediums

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Question 9 of 74

9. Question

What action is required before a salesperson or broker can place a for sale sign on a property?

Verbal agreement from the property owner

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Written authority from the property owner

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Approval from the local real estate board

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Finding someone to drive all around town to do it for you

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Question 10 of 74

10. Question

A salesperson or a broker can have which of the following as part of their license?

S-Corporation

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C-Corporation

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LLC

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PLLC

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Question 11 of 74

11. Question

For how long must a broker retain records of real estate lease transactions in Arizona?

1 years

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3 years after the expiration

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5 years

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1 year after the expiration

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Question 12 of 74

12. Question

What is the main purpose of the Broker Management Clinic required by ADRE?

To educate brokers on the latest real estate trends

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To ensure compliance with real estate laws and rules

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To provide marketing strategies for brokers

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To update brokers on changes in mortgage financing

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Question 13 of 74

13. Question

What information must be disclosed by licensees regarding compensation in real estate advertisements?

The exact amount of compensation

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That a licensee may receive compensation from more than one party

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The percentage of compensation relative to the sales price

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Compensation details are not required in advertisements

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Question 14 of 74

14. Question

Under what condition can a licensee share compensation with an unlicensed person in Arizona?

For referrals leading to a successful transaction

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When the unlicensed person is a relative of the licensee

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If the compensation is a gift under $100

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Sharing compensation with unlicensed persons is prohibited

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Question 15 of 74

15. Question

How often must a designated broker or delegated associate broker conduct a review of the brokerage’s trust account records?

Monthly

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Quarterly

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Semi-annually

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Annually

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Question 16 of 74

16. Question

Under Arizona laws, which party in a brokerage can access the Brokers Trust Account if they have one?

Only the designated broker can access the account.

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Any salesperson or associate broker within the firm.

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Only an associate broker within the firm.

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Any person employed by the firm or with permission from the broker.

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Question 17 of 74

17. Question

In Arizona, an associate broker can do all of the following on behalf of the broker except which item?

Manage a branch or satellite office.

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Review and initial contracts.

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Manage a team of agents.

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Hire or sever agents.

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Question 18 of 74

18. Question

What defines “supervision and control” for a broker over their salespeople and broker associates?

Monitoring their activities on social media

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Ensuring they do not practice in other states

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Regularly reviewing transaction documents and records

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Setting expectations for each agent to specialize

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Question 19 of 74

19. Question

What protocol must Arizona real estate brokers follow when managing multiple offers on a property?

Present all offers in the order received.

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Only present the highest offer to the seller.

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Present all offers simultaneously to the seller as soon as they are received.

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Discourage multiple offers to simplify the selling process.

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Question 20 of 74

20. Question

In Arizona, a broker must must attend what to satisfy their education requirements?

24 hours of broker management.

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30 hours of CE including Legal and Business Brokerage courses per 24 months.

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At least two IDW courses per 24 months.

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30 hours of CE, which includes 9 hours of Broker Management Clinics per 24 months.

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Question 21 of 74

21. Question

What is the requirement for an Arizona real estate brokerage when opening a branch office?

The branch office must have its own employing broker.

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Register the branch office with ADRE.

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Obtain a separate real estate license for the branch office.

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Branch offices are not allowed under Arizona real estate law.

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Question 22 of 74

22. Question

Agent John has a complaint filed against him for failing to disclose. What steps must have happened to get here?

John obviously screwed up and is now in jeopardy.

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The broker is responsible for failing to supervise.

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A client made a claim to the ADRE recovery fund.

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A member of the public wrote a complaint that must be investigaged.

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Question 23 of 74

23. Question

What actions are required by an Arizona real estate licensee upon discovering a latent defect in a property they are listing?

Advise the seller to fix the defect before listing.

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Disclose the defect to potential buyers in writing.

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Ignore the defect if the seller does not want it disclosed.

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Only disclose the defect if it poses an immediate risk to buyers.

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Question 24 of 74

24. Question

When broker Adam discovers that one of the agents in the brokerage has been doing property management on the side, what can he do to show adequate supervision of salespersons by a broker according to Arizona Commissioner’s Rules?

Discuss the problems with Adam directly and put a note in the employee file.

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Confirm that the agent is licensed and property trained by the broker.

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Affirm that all contracts are turned in, reviewed and a trust account is set up.

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Notify ADRE of the action and self report along with agent.

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Question 25 of 74

25. Question

When must an Arizona real estate licensee renew their license?

Annually, on the date of initial licensure

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Every two years, on the last day of the licensee’s original licensure month

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Every four years, before the end of the fiscal year

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Every three years, on the anniversary of the license issuance

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Question 26 of 74

26. Question

When representing a buyer in a new home sales subdivision, the broker finds out that a public report is not yet been approved. What can the client do to secure a lot in the community?

Allow the client to add their names to a waiting list in the community.

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Deny the sale and reject the offer to the builder until a public report is made.

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Allow a pre-sale to occur with an addendum stating public report to come.

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Place a deposit in an amount not to exceed $5000 with the builder.

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Question 27 of 74

27. Question

Which of the following is NOT a requirement for a real estate broker’s trust account in Arizona?

Must be held in a federally insured bank account

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Can be commingled with the broker’s personal funds of up to $5000

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Must have detailed records maintained for five years

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Requires monthly reconciliation

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Question 28 of 74

28. Question

In Arizona, what is required in a timeshare presentation to prospective buyers?

All prospective buyers are to be provided with a gift in exchange for their time.

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The timeshare presentation must include all costs of ownership outlined before start.

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All members of the timeshare staff need to hold an active real estate license.

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The sales presentation can not last more than 120 minutes total.

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Question 29 of 74

29. Question

What must a licensee do if they wish to advertise a listed property under another brokerage where and NOT their own brokerage’s name?

Obtain written consent from the employing broker.

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Ensure that the advertisement clearly states the licensee’s role as an agent.

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Advertise under their own name without any restrictions.

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Register the advertisement with the Arizona Department of Real Estate,

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Question 30 of 74

30. Question

What action is required from a licensee when their personal information changes?

Notify the Arizona Department of Real Estate (ADRE) within 10 days

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Update their information on the ADRE website only

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Inform their employing broker within 10 days

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No action is required if the change does not affect transactions

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Question 31 of 74

31. Question

Which activity requires a real estate license in Arizona?

Offering real estate advice to friends without compensation

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Selling one’s own home without using the MLS

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Negotiating the sale of real estate for others for compensation

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Hosting an open house for a friend without receiving payment

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Question 32 of 74

32. Question

What is true about sharing real estate commissions in Arizona?

Commissions can be shared with any party involved in the transaction.

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Commissions can only be shared with licensed real estate professionals.

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Commissions can be shared with unlicensed individuals if disclosed to the client.

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Commissions cannot be shared under any circumstances.

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Question 33 of 74

33. Question

How long must a broker keep real estate transaction records?

3 years

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5 years

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7 years

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Indefinitely

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Question 34 of 74

34. Question

What is required for an Arizona broker to open a branch office?

A separate brokerage license for each branch office

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Approval from the Arizona Real Estate Department

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A designated branch manager who is with that brokerage

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All of these are required

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Question 35 of 74

35. Question

Which of the following is considered to be an unlicensed activity?

Door knocking and flyering a community with branded materials.

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Working as a transaction coordinator in an inactive status.

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Advertising an open house on social media.

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Holding a seminar in a different state to attract buyers.

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Question 36 of 74

36. Question

What constitutes unlawful practice in real estate in Arizona?

Acting as a real estate broker with a license from another state.

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Refusing to represent both buyers and sellers in a transaction.

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Charging a flat fee instead of a commission for services.

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Listing a property above its appraised value.

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Question 37 of 74

37. Question

What is the maximum allowable continuing education hours that can be completed in one day according to ADRE?

3 hours

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6 hours

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9 hours

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10 hours

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Question 38 of 74

38. Question

What must be included in all advertising by a licensee?

The licensee’s home address

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The sales price of the property

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The employing broker’s name

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A QR code linking to the brokerage website

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Question 39 of 74

39. Question

Failure of an agent to renew their license on time puts their license into _____________.

Jeopardy

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Voided State

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Temporary Status

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Inactive Status

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Question 40 of 74

40. Question

What are the annual continuing education requirements for a real estate licensee in Arizona?

12 hours of instruction

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24 hours of instruction

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30 hours of instruction

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48 hours of instruction

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Question 41 of 74

41. Question

Which of the following is true about real estate sign regulations in Arizona?

Signs must be removed within 24 hours after property closing

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Only the broker’s contact information may appear on the sign

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Signs require prior approval from the Arizona Department of Real Estate

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The brokerage name must be clearly displayed on the sign

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Question 42 of 74

42. Question

How must a licensee in Arizona disclose their licensee status in advertising when selling their own property?

Disclosure is not required for personal transactions

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Must state “owner/agent” in the advertisement

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Only the brokerage name needs to be included

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A disclaimer stating the advertisement is not a professional endorsement

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Question 43 of 74

43. Question

What is the protocol for handling earnest money in Arizona real estate transactions?

Deposit into the broker’s personal account until the transaction closes

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Hold in cash until the transaction closes

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Deposit into a designated trust account within three banking days

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Return to the buyer until the closing date is confirmed

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Question 44 of 74

44. Question

In Arizona, under what circumstances may a broker operate from a home office?

If the home office is in a commercially zoned area

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When the broker does not handle client funds

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With specific approval from the Arizona Department of Real Estate

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If the office is separate from living spaces and meets professional standards

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Question 45 of 74

45. Question

What must be done if a dispute arises over commission fees between brokers in Arizona?

The dispute is settled in court

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The Arizona Department of Real Estate arbitrates the dispute

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Resolve through mediation before any legal action

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The listing broker automatically receives the full commission

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Question 46 of 74

46. Question

What information is a real estate agent required to verify when listing a property in Arizona?

The seller’s title and how the property is held

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The accuracy of the property’s public records

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The zoning classification of the property

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The property’s legal ownership and title status

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Question 47 of 74

47. Question

How do real estate professionals in Arizona handle client confidentiality after the termination of a client relationship?

Confidentiality obligations end with the termination of the client relationship

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Confidential information must be disclosed to future clients

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Confidentiality extends beyond the termination of the client relationship

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Only financial information remains confidential after termination

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Question 48 of 74

48. Question

What is the consequence of failing to complete continuing education requirements for real estate license renewal in Arizona?

Immediate license revocation

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License is placed on inactive status until requirements are met for up to one year

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A fine is assessed for each missing hour of education

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Mandatory completion of double the continuing education requirements in the next cycle

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Question 49 of 74

49. Question

Which statement best describes the requirement for broker supervision over team advertising in Arizona?

Team advertising is not allowed under Arizona law

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Brokers are responsible for ensuring team advertisements comply with all legal and ethical standards

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Teams can advertise independently without broker supervision

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Only the team leader needs to approve the advertisements

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Question 50 of 74

50. Question

What is required when transferring a real estate license to a new brokerage in Arizona?

The licensee must complete new licensing exams.

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The licensee and the new broker must notify ADRE in writing.

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The previous broker must approve the transfer.

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No action is required; the transfer is automatic.

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Question 51 of 74

51. Question

Which of the following best describes a broker’s duty regarding the review of documents in Arizona?

Review only the closing documents for accuracy.

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Review all transaction documents after they are signed by the client within 10 days

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Within 10 days the broker must review the closed files.

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Delegate document review to a trusted salesperson.

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Question 52 of 74

52. Question

What is NOT allowed under Arizona’s rules for real estate advertising?

Using the term “team” in the group name without broker approval.

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Including the brokerage name in a smaller font size than the agent’s name.

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Advertising a property as “for sale” without a signed listing agreement.

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Posting listings on social media platforms.

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Question 53 of 74

53. Question

How are client complaints against a licensee handled by the Arizona Department of Real Estate?

Ignored unless there is a criminal charge.

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Immediately result in the suspension of the licensee’s license.

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Investigated, and if valid, may lead to disciplinary action.

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Resolved through mandatory mediation only.

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Question 54 of 74

54. Question

What is the requirement for continuing education in contract law for Arizona real estate renewal?

3 hours every renewal period

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6 hours every renewal period

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9 hours in every third renewal period

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No specific requirement for contract law

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Question 55 of 74

55. Question

In what scenario is a property manager required to have a real estate license in Arizona?

Managing a single property for a family member.

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Managing multiple properties for various owners.

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Volunteering as a property manager for a non-profit.

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Conducting short-term rentals under 30 days.

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Question 56 of 74

56. Question

Who can manage an apartment complex with 112 units in Southern Arizona?

Any licensee who holds a property management permit.

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Only a licensed real estate agent in the State of Arizona.

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Only a licensed property manager in the State of Arizona..

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Either a licensed agent or a member of the general public.

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Question 57 of 74

57. Question

Which action is required for the establishment of a new real estate brokerage in Arizona?

Publishing a notice in a local newspaper.

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Registering the brokerage name with the Arizona Department of Real Estate.

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Obtaining a permit from the Corporation Commission and a permit from ADRE.

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Securing a physical office space before applying for the license.

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Question 58 of 74

58. Question

What are the rules regarding the display of licenses at the place of business in Arizona?

Licenses must be displayed in the reception area.

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Licenses should be kept confidential and not displayed.

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Only the broker’s license needs to be displayed.

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Each licensee’s certificate must be displayed prominently.

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Question 59 of 74

59. Question

What is the protocol for handling earnest money disputes between buyer and seller in Arizona?

The broker decides who is entitled to the earnest money.

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Earnest money must be returned to the buyer by default.

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The dispute is resolved through arbitration by ADRE.

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Held in trust until a mutual agreement or court order.

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Question 60 of 74

60. Question

What best describes the requirement for brokers managing rental properties for others in Arizona?

A property management certification is required from ADRE.

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A general real estate broker license suffices.

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A separate property management license is needed.

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No specific license is required for managing rental properties.

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Question 61 of 74

61. Question

When is a team name allowed in real estate advertising in Arizona?

Only with prior written approval from the Department of Real Estate.

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When the team name includes the brokerage name.

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If the team name does not imply it is a separate real estate entity.

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Any team name is allowed as long as it is unique.

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Question 62 of 74

62. Question

What is a licensee’s obligation regarding the representation of a property’s condition in Arizona?

Disclose only issues explicitly asked about by the buyer.

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Ensure all promotional materials accurately reflect the property’s condition.

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Advise buyers to conduct their own property inspections.

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Highlight only the positive aspects of the property to attract buyers.

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Question 63 of 74

63. Question

How should a licensee in Arizona respond if they become aware of non-disclosure of a property’s significant defect?

Report the issue to the local real estate association.

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Advise the seller on the potential legal consequences of non-disclosure.

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Immediately disclose the defect to potential buyers.

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Document their awareness but take no further action unless directed by the seller.

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Question 64 of 74

64. Question

What is required for a broker to change the business name of the brokerage in Arizona?

Submit a new application for a broker’s license.

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Notify ADRE in writing and receive approval before the change.

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Hold a vote among all licensed agents within the brokerage.

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Publicly advertise the intended change for a month to gather public feedback.

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Question 65 of 74

65. Question

Under Arizona’s Commissioner’s Rules, what is essential for maintaining a brokerage’s good standing with ADRE?

Regularly updating the brokerage’s website and online listings.

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Ensuring all licensees complete at least 10 transaction sides annually.

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Compliance with all ADRE reporting and operational requirements.

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Achieving a set level of customer satisfaction in client surveys.

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Question 66 of 74

66. Question

How are inter-brokerage disputes over commission splits typically resolved in Arizona?

By arbitration through the local real estate board.

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The commission is evenly split by default.

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Through a decision made by ADRE.

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Litigation in civil court only.

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Question 67 of 74

67. Question

What is the correct procedure for an Arizona real estate licensee when advertising services on social media?

The licensee can advertise without restrictions.

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All advertisements must clearly identify the licensee’s employing broker.

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Social media advertising is prohibited.

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Use of personal social media accounts for business purposes is not allowed.

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Question 68 of 74

68. Question

Which statement about client funds held in a trust account is true according to Arizona Commissioner’s Rules?

Client funds can be invested in stocks for the duration of the transaction.

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Client funds can be kept in an interest-bearing account with the client’s consent.

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Client funds can be commingled with the brokerage’s funds if records are kept distinct.

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Trust accounts are optional for handling client funds.

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Question 69 of 74

69. Question

In Arizona, what action must be taken if a real estate licensee leaves a brokerage?

The licensee’s real estate license is automatically inactivated.

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The licensee must notify ADRE within 10 days and transfer their license to a new brokerage.

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The licensee can practice independently for up to 30 days while seeking a new brokerage.

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No action is required as long as the licensee does not conduct any real estate transactions.

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Question 70 of 74

70. Question

How are disagreements regarding property listing information between a buyer’s and seller’s agent handled?

The buyer’s agent has the final say.

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The seller’s agent’s information prevails.

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Discrepancies must be resolved by the listing service provider.

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Agents must come to a mutual agreement based on factual evidence.

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Question 71 of 74

71. Question

What is a requirement for brokers regarding the maintenance and auditing of brokerage transaction records?

Records must be audited monthly by an external accountant.

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Brokers are required to keep transaction records for at least 5 years and conduct annual self-audits.

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Digital records are not considered valid and must be printed.

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Transaction records should be submitted to ADRE monthly.

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Question 72 of 74

72. Question

When a licensee in Arizona is involved in selling a property owned by a close family member all of the following must apply except which one?

The relationship to the owner needs to be disclosed to all parties.

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Disclosure of the relationship is required in all marketing materials.

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A third-party broker must handle the transaction.

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The licensee must obtain written consent from the buyer acknowledging the relationship.

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Question 73 of 74

73. Question

A broker will not be available for 2 days due to a medical emergency. Who can fill in on their behalf during this time?

An associate broker within the same firm.

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Less than 72 hours, no replacement is required.

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A salesperson with any other brokerage.

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The spouse or an elected party by the broker not with the brokerage is allowed.

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Question 74 of 74

74. Question

What best practices should Arizona real estate licensees follow when using electronic signatures for transactions?

Electronic signatures are not permitted for real estate transactions.

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Ensure all parties have agreed to the use of electronic signatures in writing.

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Use electronic signatures only for internal documents, not contracts.

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Electronic signatures must be verified by a third-party service before use.

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2.Commissioner’s Rules Quiz

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