Exam (elaborations)
ARIZONA REAL ESTATE STUDY CARD EXAM QUESTIONS WITH COMPLETE ANSWERS
- Institution
- Arizona School Of Real Estate And Business
ARIZONA REAL ESTATE STUDY CARD EXAM QUESTIONS WITH COMPLETE ANSWERS
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ARIZONA REAL ESTATE STUDY CARDEXAM QUESTIONS WITH COMPLETE
ANSWERS
To obtain a real estate brokers license, the individual must have been licensed as a
salesperson for two out of the last five years. - ANSWER-False
To obtain a real estate salesperson license, an individual must accomplish all of the
following EXCEPT: - ANSWER-a. complete 90 hr. salesperson course and pass the
school examination
b. pass the state examination
c. become a legal resident of Arizona
d. complete and sign a written application for the license
A corporation, limited liability company or partnership applying for an Entity License
must designate a Designated Broker, who must already be licensed as a broker. -
ANSWER-True
After passing the state exam, a real estate salesperson licensing candidate has 90
days to activate the license. - ANSWER-False
License candidates must attend a six hour class on contract writing before activating
their salesperson license. - ANSWER-True
A salesperson license is granted for a two year period, and if not renewed by the
expiration date, the license is: - ANSWER-terminated, but can be reinstated within
one year without taking the state exam.
Every licensee must notify the commissioner of any adverse decision of a court in
which the licensee was a defendant and the subject of the case involved a real
estate transaction. The licensee must notify the commissioner in: - ANSWER-10
days
If a person who passed the state exam for a real estate salesperson's license does
not activate the license withing the one year period, the candidate will be required to
take the 90-hr licensing course again. - ANSWER-False
A licensee must maintain on file with the commissioner their business and home
addresses and notify the commissioner of any change within: - ANSWER-10 working
days
A temporary broker's license may be issued only to a licensed salesperson or broker.
- ANSWER-False
A temporary broker's license has the same license powers and obligations as under
a permanent license. - ANSWER-True
, The department of Real estate must be notified of any employment change by a real
estate salesperson within: - ANSWER-10 days
When a designated broker is unable to act within 24 hours, a licensee in the employ
of the broker or another designated broker may be named to act on his or her behalf.
The designation must: - ANSWER--be made in writing and kept in the broker's office
for one year
-not exceed 30 days duration
-authorize the designee to perform any and all duties the designated broker may
legally perform, except that a salesperson may not hire or sever licensees.
The reasonable supervision and control required of the employing and designated
brokers includes the establishment and enforcement of written policies, rules,
procedures and systems. - ANSWER-True
A licensee in the employ of a broker may be named to act in place of the designated
broker when the designated broker is unable to act within: - ANSWER-24 hours
A sales licensee can receive compensation from: - ANSWER-employing broker
A temporary broker's license: - ANSWER-has the same powers as a permanent
broker's license.
After issue, a real estate license is required to be renewed every two years. The
license expires: - ANSWER-on the last day of the month of issue
All of the following are approved categories for continuing education classes
EXCEPT: - ANSWER-a. commissioner's standards
b. agency law
c. disclosure
d. self-improvement
An unlicensed secretary in a real estate office can: - ANSWER-a. type offers to
purchase
b. quote prices on the phone
c. collect rents for the broker's clients
d. solicit listings by phone
Engaging in the sale of real estate when a license is required but in fact acting
without a license is: - ANSWER-a. not subject to action by the real estate
commissioner since the party is not licensed.
b. a class six felony that can result in fine and/or imprisonment
c. a misdemeanor
d. subject to action by the real estate advisory board
A subdivider-broker employs hostesses to show model homes and spec houses.
They only show features and give pricing information: The hostesses: - ANSWER-
must be licensed
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