Upgrade to remove ads
Only $35.99/year

B-1 Arizona Real Estate - Self Study & National Exam Test Questions

Terms in this set (67)

Which of the following is false regarding an affidavit of disclosure?
The affidavit of disclosure applies only to residential zone properties
Arizona real estate laws state that a real estate commissioner may do each of the following except?
Hold an active real estate license while acting as real estate commissioner
Two parties orally agreed to enter into a residential lease on November 15 for a period to begin January 1 and expire on December 31 of the following year. Which is true
The lease must be in writing to be enforceable
Which of the following is not a violation?
Doing disclosed dual agency
When advertising a property, a broker must include in the ad?
The name of the brokerage firm or broker
What a sales person receives earnest money he should?
Turn it over to their broker
A broker received earnest money from a buyer but instead of placing the money into the trust account the broker pays company bills. This action is an example of?
Conversion
The real estate advisory board...
Would vies and evaluate the commissioner
Once a real estate license is issued in Arizona it?
Must be placed with a broker in order to earn a commission
When the designated broker is on a temporary absence, all of the following are true except
The temporary absence relieves the designated broker of responsibility
When he broker license is revoked, the licenses of the sales people in the brokerage agency are?
Automatically suspended
When he broker and a sales person cannot resolve a dispute over a commission, their records is too...
Bring an action in court
A timeshare is offering a gift to all prospective buyers. When would the fire receive the gift?
After the sales presentation
If you do not renew your license on time, your wife since will be?
Expired
Commingling is the opposite of?
Separation
What is the maximum amount of personal money a broker can keep in his trust account?
$3000
The FBI acquisition department contact you in order to lease a new office space locally to combat an uptick in mortgage fraud. Which of the following is true according to licensing law?
The real estate licenses required for this type of transaction
Of the following who is required to have a real estate license?
An auctioneer auctioning real property
If you are helping the local postmaster general lease a building that belongs to the post office but is no longer used as a post office which of the following is true?
A real estate license is required
Bob and Mary have decided to purchase a house from a real estate auction. Which of the following is true?
The auctioneer needs a license
A sale of real property is being handled in the brokers office and there's no escrow called for in the contract. Broker prepare several documents necessary in the sale at a cost of $35. Who can the broker charge for this?
No one
A real estate license he would also like to hold a membership camping license. Which of the following is true
It is lawful to hold both licenses concurrently
A real estate license he would also like to hold an Arizona cemetery license. Which of the following is true question
It is a lawful to hold both licenses concurrently
Education required for a real estate salesperson license includes?
90 hours of real estate education
Which of the following does the Arizona Department of real estate in force?
Real estate statues and rules
After investigation, if there's on the department of real estate believes that a licensees violation of law was so severe that the ADRE wants to revoke the license, the ADRE's next step would be?
Refer the matter to the Attorney General
Which of the following should a member of the public communicate to the Arizona Department of real estate?
Statue or rule violation
Which of the following would resolve a disciplinary proceeding between ADRE and a licensee?
Consent order
The commissioner of real estate can do all of the following but?
Have an active license
The buyer out of town ask a friend to sign the closing paperwork on their new house. What does the buyer have to give the friend?
Power of attorney
In filing a notice of intention to subdivide in with the real estate commissioner which of the following needed not be stated?
Floor plans for houses to be built
If subdivider must be able to give the purchaser?
Permanent access
Who is responsible for formulating the commissioners rules?
Real estate commissioner
Which of the following is most similar to a traffic violation warning?
Letter of concern
Which of the following should be communicated to the Arizona department of real estate?
My broker stole my earnest money
When Arizona Department of real estate determines that a licensee has violated real estate law and or commissioners rules, but ADRE attempt to negotiate a settlement by means of a?
Consent order
In the event that the Arizona Department of real estate files a formal complaint against you, which of the following is true?
You may be represented by an attorney
When he broker is charged and administrative fine, the amount of the fine is up to?
$1000
If a licensee is issued a consent order it means?
The licensee has agreed to resolve a disciplinary proceeding without a formal hearing
The rules of real estate commissioner...
Have the force and effect of law
A license is granted for?
2 years
And auctioneer may only auction real property in the state of Arizona if?
The auctioneer is affiliated with a license broker
Which of the following is true?
A temporary brokers license is for the purpose of closing down the brokerage
Cording to the statue of frauds, which of the following need not to be in writing to be enforceable by law?
Agreement between two brokers to divide a commission
Once the ADRE publishes a subdividers public report, assuming there is not material changes, the public report is valid for?
5 years
Improved subdivide property is defined as a parcel of land?
On which a structure has been built
Subdivide her employees hostesses to show houses. The hostesses explain the features of the homes and gave the prices in terms. In this scenario...
The hostesses must be licensed
Once an applicant passes the real estate exam, which of the following statements are true?
The applicant must obtain an active or in active license within one year of the test date
Which of the following statements is true regarding the brokers trust account?
A sales person may be a signatory on the trust account
One of the three residential real estate brokers on the advisory board practices
Multi housing property management
Arizona wild to find a subdivision Aslan that is divided or propose to be divided for sale released into?
6 or more lots of less than 36 acres each
In Arizona real estate license he may not charge for document preparation according to?
Arizona Constitution article XXVI
Which of the following most closely means crack in the earth opening from aquifers?
Earth Fissure
You have a listing on a property that is expired. The seller is out of the country for the next three weeks and will renew the listing upon his return. Which of the following is true
You must remove the sign promptly
Arizona real estate law requires the broker to keep records of all real estate transactions for?
Five years from the termination of the transaction
A timeshare would be required to have a public report if
There are 12 or more intervals
A designated broker of a real estate company may?
Appoint a licensee in the brokers employee to act for the broker during a temporary leave of absence
The advisory board is to adhere to which of the following guidelines?
It will consist of a 10 member panel
What is the recession time when he party purchases a timeshare?
7 calendar days
The statue of frauds was brought into being to prevent?
Perjury
How many days does employing broker have to return a sales person's license to the department of real estate once a licensee is terminated from the brokerage?
10 days
To qualify as an Arizona real estate broker, the candidate must?
I've had experience in 3 of the last 5 years
If a broker in Arizona is giving another broker in California a $500 fee for a buyer moving to Arizona. Who does this information have to be disclosed to?
No one
An apartment leasing agent without a real estate license may not except?
Commission for sales of apartments
A licensee who has been notified by the Arizona Department of real estate that a complaint has been issued has ____ to respond?
14 calendar days
When a buyer purchases a parcel of unimproved land, there exists The right to resend. Which of the following statements are correct?
7 day unilateral right to resend if he has seen the property
A temporary license may be granted to a sales person for?
None of these
Students also viewed