Arizona Real Estate License Arizona Real Estate License MCQ 2

Question 1

Under Arizona law, how long is a real estate salesperson's license valid before renewal is required?

Accepted Answer

2 years

Answer

1 year

Answer

3 years

Answer

4 years

Question 2

Which agency is responsible for regulating real estate licensees in Arizona?

Accepted Answer

Arizona Department of Real Estate

Answer

Arizona Commerce Authority

Answer

Arizona Board of Realtors

Answer

Arizona Real Estate Commission

Question 3

In Arizona, what is the minimum age requirement to obtain a real estate salesperson's license?

Accepted Answer

18 years old

Answer

16 years old

Answer

19 years old

Answer

21 years old

Question 4

What type of deed provides the greatest level of protection to the buyer in an Arizona real estate transaction?

Accepted Answer

General warranty deed

Answer

Quitclaim deed

Answer

Bargain and sale deed

Answer

Special warranty deed

Question 5

In Arizona, earnest money deposits must be placed into a trust account within how many days of acceptance of a contract?

Accepted Answer

3 business days

Answer

1 business day

Answer

5 business days

Answer

7 business days

Question 6

Which of the following is a grounds for license revocation by the Arizona Department of Real Estate?

Accepted Answer

Advertising a property without the owner's written consent

Answer

Failing to attend a local board meeting

Answer

Declining to represent a buyer in a dual agency situation

Answer

Charging a commission below the local average