Arizona Real Estate License Law Quiz
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Questions and Answers

What is required to obtain a Salesperson License in Arizona?

  • Attending a real estate seminar, passing the state exam, and obtaining a letter of recommendation
  • Completion of pre-licensing education, passing the state exam, and sponsorship by a licensed broker (correct)
  • Completion of pre-licensing education, passing the broker exam, and having a real estate license in another state
  • Passing the state exam, having at least 5 years of experience, and sponsorship by a licensed broker

How many hours of continuing education are required every two years for license renewal in Arizona?

  • 24 hours (correct)
  • 36 hours
  • 12 hours
  • 48 hours

When must licenses be renewed to avoid expiration in Arizona?

  • By the end of the calendar year following issuance
  • Within 30 days after the expiration date
  • By the last day of the licensee's birth month (correct)
  • By December 31st of each year

What is the late renewal fee if renewing within 30 days after the expiration date in Arizona?

<p>$50 (C)</p> Signup and view all the answers

What are licensees prohibited from doing in their advertising according to Arizona Real Estate License Law?

<p>Making false or misleading statements (A)</p> Signup and view all the answers

Where must earnest money be held according to Trust Account Rules for Handling in Arizona?

<p>In a separate trust or escrow account distinct from the broker's personal or business accounts (B)</p> Signup and view all the answers

What is the maximum time period for resolving disputes regarding earnest money?

<p>90 days (C)</p> Signup and view all the answers

Which form of ownership includes condominiums, time-shares, and planned communities?

<p>Leasehold Forms (D)</p> Signup and view all the answers

What type of deeds protect against defects during the seller's ownership period?

<p>Special Warranty Deeds (D)</p> Signup and view all the answers

Which government body regulates zoning and land use at the county level?

<p>Counties (D)</p> Signup and view all the answers

What do building rating systems like ENERGY STAR and LEED evaluate?

<p>Energy Efficiency (D)</p> Signup and view all the answers

What type of interest rates provide a constant interest rate throughout the loan term?

<p>Fixed Rates (A)</p> Signup and view all the answers

Energy efficient building design may result in:

<p><strong>Increased Initial Costs</strong> but long-term energy savings (B)</p> Signup and view all the answers

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