Exam (elaborations)
16-A AZ REAL ESTATE LAW, ADRE, LICENSING EXAM Q&A
- Institution
- Arizona School Of Real Estate And Business
16-A AZ REAL ESTATE LAW, ADRE, LICENSING EXAM Q&A
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16-A AZ REAL ESTATE LAW, ADRE,LICENSING EXAM Q$A
Real Estate Commissioner Duties - ANSWER-PIMA
P-Promulgate rules through a public process (once written they are reviewed by AZ
Attorney General and hearing must be held before they are finally adopted)
I- Investigate written complaints against licensees (commissioner may subpoena
docs to superior court or suspend/revoke licenses after formal hearing)
M-Manage ADRE (hire/sever employees of ADRE)
A - Audit books/records of licensees
Real Estate Advisory Board - ANSWER--made up of 10 members (2 real estate
brokers, 2 subdividers, 3 persons engaged in residential real estate for last 5 years,
3 public members)
-members are appointed by Governor and meet quarterly
-members receive no compensation
National Association of Realtors - ANSWER--A principal trade or professional
organization of real estate brokers.
-Members agree to abide by a code of ethics.
-not a government agency
ADRE Bulletin - ANSWER-ADRE publishes a quarterly newsletter that includes
commentary on law and rules, updates on licensing statistics, as well as articles on
topics that are relevant to real estate licensees
-also lists any disciplinary actions the Department has taken against AZ real estate
licensees and brokerage companies
-list includes name, license number, brokerage, summary of violation, any penalty
that was imposed
Renewal of Broker and Salesperson Licenses - ANSWER--licenses must be
renewed every 2 years by the last day of the month of activation
-salesperson/associate brokers must attend at least 24 hours of continuing education
every 2 years
-designated, employed and associate brokers with authority must attend 30 hours of
CE including three broker management clinics every 2 years
-there is a 12 month grace period before the license is fully expired
-while the license is expired they are not allowed to perform real estate business
-employing broker's license expired severs their employees and may be rehired on
renewal of employing broker's license
Temporary Broker's License - ANSWER-- temporary license issued to a surviving
spouse, next of kin, salesperson on death or incapacity of a licensed broker or
broker-salesperson.
-not to exceed 90 days
-purpose is to wind down business
Sources of AZ Real Estate Law - ANSWER--US Constitution
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