ASREB Session 16: Arizona Real Estate Law, ADRE, and Licensing |
In-Depth Study Test Series: Correctly Verified Answers for 2025/2026
Which of the following persons needs a real estate license correct answer
Attorney-in-fact who is acting as a broker. When acting as a broker, an attorney-in-fact
needs to be licensed. An attorney-in-fact could sell a residence for a principal.
Which needs to have a real estate license correct answer
An attorney marketing real estate.
A real estate license is granted for:
2 Years (AZ real estate license valid for 2 years).
Which is Not grounds for suspending or revoking a broker's license correct answer
Paying an unlicensed person for clerical services.
A licensee can pay an unlicensed person for performing task that do not require a real
estate license, such as filing, accounting, handling phone calls, and other clerical
services.
Real estate teams:
may be made up of associate brokers and salespersons.
Regarding unlicensed assistants, They may be employed by a salesperson, they may
not be paid based on closed transactions, and Their activities are regulated by a
substantive policy statement, all are true EXCEPT.
, They may only be employed by a broker.
How much would a licensed real estate salesperson have to pay into the Real Estate
Recovery Fund at the next renewal when the reserve falls below $600,000.
Salesperson pay $10 with fees, at renewal if the Recovery Fund's balance does not
equal or exceed $600k.
A licensed salesperson may be compensated for:
Selling listed property.
A real estate licensee can be compensated for performing real estate activities, but not
for task that need licenses or registration, such as insurance agent, mortgage broker, or
attorney.
Which of the following is Not an employment agreement correct answer
Purchase and Sale agreement, is an agreement between seller and buyer.
A licensed salesperson can receive an extra bonus for completing a difficult sale form
the:
Employing broker.
The duties of the Commissioner include all of the following Inspecting books and
records of licensees, Hiring and firing employees of the Real Estate Department and
Investigating complaints made against licensee, but not:
Revoking the license of an Agent after a complaint was filed.
In-Depth Study Test Series: Correctly Verified Answers for 2025/2026
Which of the following persons needs a real estate license correct answer
Attorney-in-fact who is acting as a broker. When acting as a broker, an attorney-in-fact
needs to be licensed. An attorney-in-fact could sell a residence for a principal.
Which needs to have a real estate license correct answer
An attorney marketing real estate.
A real estate license is granted for:
2 Years (AZ real estate license valid for 2 years).
Which is Not grounds for suspending or revoking a broker's license correct answer
Paying an unlicensed person for clerical services.
A licensee can pay an unlicensed person for performing task that do not require a real
estate license, such as filing, accounting, handling phone calls, and other clerical
services.
Real estate teams:
may be made up of associate brokers and salespersons.
Regarding unlicensed assistants, They may be employed by a salesperson, they may
not be paid based on closed transactions, and Their activities are regulated by a
substantive policy statement, all are true EXCEPT.
, They may only be employed by a broker.
How much would a licensed real estate salesperson have to pay into the Real Estate
Recovery Fund at the next renewal when the reserve falls below $600,000.
Salesperson pay $10 with fees, at renewal if the Recovery Fund's balance does not
equal or exceed $600k.
A licensed salesperson may be compensated for:
Selling listed property.
A real estate licensee can be compensated for performing real estate activities, but not
for task that need licenses or registration, such as insurance agent, mortgage broker, or
attorney.
Which of the following is Not an employment agreement correct answer
Purchase and Sale agreement, is an agreement between seller and buyer.
A licensed salesperson can receive an extra bonus for completing a difficult sale form
the:
Employing broker.
The duties of the Commissioner include all of the following Inspecting books and
records of licensees, Hiring and firing employees of the Real Estate Department and
Investigating complaints made against licensee, but not:
Revoking the license of an Agent after a complaint was filed.
