Exam (elaborations)
AZ REAL ESTATE QUIZ #16 QUESTIONS AND ANSWERS
- Institution
- Arizona School Of Real Estate And Business
AZ REAL ESTATE QUIZ #16 QUESTIONS AND ANSWERS
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AZ REAL ESTATE QUIZ #16QUESTIONS AND ANSWERS
The real estate commissioner is required to do all the following EXCEPT: -
ANSWER-c. maintain a valid real estate license
The Statute of Limitations limits the time to file a claim with the Arizona Real Estate
Recovery Fund to: - ANSWER-c. five years
The term of a member of the Advisory Board is: - ANSWER-d. 6 years
Website advertising falls under the jurisdiction of the Department of Real Estate if the
website: - ANSWER-d. Targets Arizona residents with the offering of a property
interest
When a salesperson with a brokers license is employed by a designated broker, the
sales person may use which of the following designations: - ANSWER-b. Associate
Broker
When the designated broker is on a temporary absence, all of the following are true
EXCEPT: - ANSWER-c. Temporary absence relieves the designated broker of
responsibility
Which of the following would be unable to file a claim for money from the recovery
fund? - ANSWER-d. A licensee
Which of the following is not required for a sales license in Arizona? - ANSWER-b.
90 day residence
Which of the following persons must have a real estate license with a broker in order
to transact business? - ANSWER-b. Nadine negotiates the sale of businesses for
others, including their stock, equipment, and buildings.
Which one of the following would be required to have a real estate license: -
ANSWER-d. an attorney at law taking a listing
Who is responsible for formulating the real estate Rules and Regulations in Arizona?
- ANSWER-c. Real Estate Commissioner
You, as an agent, decide to purchase a property through your office. Your earnest
deposit: - ANSWER-c. must be placed in a neutral escrow depository in Arizona
A broker must review all contracts submitted through the broker's office within: -
ANSWER-d. 10 days
A licensed salesperson referred a buyer to an out of state broker who agreed to pay
a commission for the referral. The licensed salesperson would be paid by: -
ANSWER-b. his broker
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