Arizona Real Estate Law Flashcards
7 cards from real Arizona Real Estate License practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Arizona Real Estate Law flashcards as text
Which Arizona agency issues and regulates real estate licenses?
Answer: Arizona Department of Real Estate (ADRE)
The Arizona Department of Real Estate (ADRE) issues licenses and enforces license law under the Commissioner.
How many hours of pre-licensing education are required for an Arizona salesperson license?
Answer: 90 hours
Arizona requires 90 hours of approved pre-licensing salesperson education plus a 6-hour contract writing course.
In Arizona, how long must a broker retain transaction and employment records?
Answer: 5 years
Arizona brokers must keep required records for at least 5 years from the date of the transaction's termination.
What is the purpose of the Arizona Real Estate Recovery Fund?
Answer: Compensate consumers harmed by licensee fraud who cannot collect a judgment
The Recovery Fund pays eligible consumers who obtain a judgment against a licensee but cannot otherwise collect.
Under Arizona law, when must a salesperson deliver a copy of a signed contract to the client?
Answer: At the time the party signs it
Arizona requires the licensee to give each party a legible copy of any instrument at the time it is signed.
Who must a salesperson's license be held by to be active in Arizona?
Answer: A designated employing broker
An active salesperson must work under and have their license held by a designated employing broker.
How many hours of continuing education must an Arizona licensee complete for each renewal period?
Answer: 24 hours
Arizona requires 24 hours of continuing education in required categories every two-year renewal cycle.