Arizona Real Estate License Law Quiz

Arizona Real Estate License Law Quiz

Created by
@RoomyDogwood

Questions and Answers

What is required to obtain a Salesperson License in Arizona?

Completion of pre-licensing education, passing the state exam, and sponsorship by a licensed broker

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

24 hours

When must licenses be renewed to avoid expiration in Arizona?

By the last day of the licensee's birth month

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

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

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

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

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

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

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

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

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

<p>Counties</p> Signup and view all the answers

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

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

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

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

Use Quizgecko on...
Browser
Browser