ASREB (Arizona School of Real Estate and Business) Session 17 |
Readiness Benchmark Q&A: Expert-Reviewed Knowledge Test for
2025/2026
A licensed salesperson can be a signer on the broker's trust account and perform office
management tasks that are not story duties of the employing broker. The other tasks
may be performed only by an associate broker
How many real estate brokers may a licensee work for at the same time in Arizona?
a. one at a time
b. two, with Department approval
c. two, if he declares he is inactive
d. two, if one is a property manager - correct answer one at a time
A licensee may work for only one employing broker at a time
T earned his first real estate license on March 4. When does it expire?
a. December 31 of that year
b. March 4 of the following year
c. December 31 of the following year
d. March 31 in two years - correct answer March 31 in two years
Arizona real estate licensees are required to renew their license every two years, no
later than the last day of the month in which the license was issued
How many hours of continuing education must a licensed salesperson complete in order
to renew their license?
a. 10 hours every year
b. 24 hours every 2 years
,c. 30 hours every 2 years
d. 36 hours every 3 years - correct answer 24 hours every 2 years
A licensee must complete at least 24 hours of approved continuing education during
every two-year license period. Remember, however, that the ADRE will grant no more
than 9 hours of continuing education credit it one day
A licensee would NOT have to report which of the following incidents to the
Commissioner?
a. adverse judgement in a civil lawsuit
b. speeding tickets
c. misdemeanor conviction for drunk driving
d. revocation of an appraiser's license - correct answer speeding tickets
Licensees are not required to report minor traffic violations to the Commissioner. DUIs
and/or reckless driving, adverse judgements, convictions, licenses denial or revocation,
these all must be reported
If a licensee fails to renew his or license, the license status is
a. expired
b. inactive
c. lapsed
d. suspended - correct answer expired
If a licensee fails to renew prior to the expiration date, the license is expired and no
activates requiring a clines may be conducted
Licensee Cynthia of Magnolia Realty places this ad for a listed property: "Cozy cottage
in popular historic district. Call Cynthia at 555-9876 for a showing." This ad violated the
Commission's Rules
a. true
,b. false - correct answer true
A licensee cannot advertise the sale, purchased, exchange, rent, or lease of any real
estate for others in any way that makes it seem as though the offer implies no license
he is involved in the transaction, or without the involvement of the brokerage. Any
advertisement that does not indicate that it is from a brokerage firm, is considered to be
an illegal blind advertisement. In other words, the name of the employing broker must
appear in all ads. Cynthia did not include the name of her brokerage company, so this is
a prohibited blind ad.
Broker Marie works for AEC Realty in Scottsdale. Her mother is selling her house in
Sedona, Marie gets the listing for AEC. Since her family name as well known in the
Sedona area - and AAEC Realty is not - Marie puts up a yard sign with just her name on
it. This is an example of a blind ad
A. True
B. False - correct answer True
A blind ad is any real estate advertisement used by licensee that does not include the
employing broker business name
Broker Bart of Jackson Powers Realty places this ad for a listed property on his website:
" move-in ready condo in trendy Eagle Tower. Contact Bart at jprealty.com to schedule a
showing." This ad violated the Commissioner's Rules
A. True
B. False - correct answer True
As long as the ad includes the name of the broker, it is not a blind ad. In this case,
though, simply including the contact information of the broker - whether it is a post
office, box number, telephone number, street address, Internet, web address, or email
address - it's not enough, if the brokerage company name is not included. This, too,
would be a prohibited, blind ad, whether it's printed, broadcasted, or on the Internet.
, Licensee Lori has had great success advertising her listing on Facebook and Instagram.
Such post on social media platforms are not required to include Lori's brokerage
company name.
A. True
B. False - correct answer false
Any advertising, even on social media platforms, must include the name of the
brokerage company
Which statement is true?
A. A real estate company's website must have the legal name of the brokerage
company on every webpage
B. A real estate companies website must have the designated brokers name on every
webpage
C. A salesperson may advertise a property with an ad that contains only the
salesperson's emails address
D. When advertising only services, not specific property, the brokerage company is not
required - correct answer A real estate company's website must have the legal name of
the brokerage company on every webpage
The brokerage name is required to be on every webpage. The other statements are
false.
Which of the following situations would require the "owner-agent" disclosure in an
advertisement? Select that apply
A. Associate broker Bettina is leasing rental property that she and her husband own
B. Broker Bob is leasing space in a strip mall, owned by an LLC in which he is an officer
C. Louie, whose license just expired, is selling his primary residence
D. Salesperson Bert is selling his vacation home - correct answer A. Associate broker
Bettina is leasing rental property that she and her husband own
B. Broker Bob is leasing space in a strip mall, owned by an LLC in which he is an officer
D. Salesperson Bert is selling his vacation home
Readiness Benchmark Q&A: Expert-Reviewed Knowledge Test for
2025/2026
A licensed salesperson can be a signer on the broker's trust account and perform office
management tasks that are not story duties of the employing broker. The other tasks
may be performed only by an associate broker
How many real estate brokers may a licensee work for at the same time in Arizona?
a. one at a time
b. two, with Department approval
c. two, if he declares he is inactive
d. two, if one is a property manager - correct answer one at a time
A licensee may work for only one employing broker at a time
T earned his first real estate license on March 4. When does it expire?
a. December 31 of that year
b. March 4 of the following year
c. December 31 of the following year
d. March 31 in two years - correct answer March 31 in two years
Arizona real estate licensees are required to renew their license every two years, no
later than the last day of the month in which the license was issued
How many hours of continuing education must a licensed salesperson complete in order
to renew their license?
a. 10 hours every year
b. 24 hours every 2 years
,c. 30 hours every 2 years
d. 36 hours every 3 years - correct answer 24 hours every 2 years
A licensee must complete at least 24 hours of approved continuing education during
every two-year license period. Remember, however, that the ADRE will grant no more
than 9 hours of continuing education credit it one day
A licensee would NOT have to report which of the following incidents to the
Commissioner?
a. adverse judgement in a civil lawsuit
b. speeding tickets
c. misdemeanor conviction for drunk driving
d. revocation of an appraiser's license - correct answer speeding tickets
Licensees are not required to report minor traffic violations to the Commissioner. DUIs
and/or reckless driving, adverse judgements, convictions, licenses denial or revocation,
these all must be reported
If a licensee fails to renew his or license, the license status is
a. expired
b. inactive
c. lapsed
d. suspended - correct answer expired
If a licensee fails to renew prior to the expiration date, the license is expired and no
activates requiring a clines may be conducted
Licensee Cynthia of Magnolia Realty places this ad for a listed property: "Cozy cottage
in popular historic district. Call Cynthia at 555-9876 for a showing." This ad violated the
Commission's Rules
a. true
,b. false - correct answer true
A licensee cannot advertise the sale, purchased, exchange, rent, or lease of any real
estate for others in any way that makes it seem as though the offer implies no license
he is involved in the transaction, or without the involvement of the brokerage. Any
advertisement that does not indicate that it is from a brokerage firm, is considered to be
an illegal blind advertisement. In other words, the name of the employing broker must
appear in all ads. Cynthia did not include the name of her brokerage company, so this is
a prohibited blind ad.
Broker Marie works for AEC Realty in Scottsdale. Her mother is selling her house in
Sedona, Marie gets the listing for AEC. Since her family name as well known in the
Sedona area - and AAEC Realty is not - Marie puts up a yard sign with just her name on
it. This is an example of a blind ad
A. True
B. False - correct answer True
A blind ad is any real estate advertisement used by licensee that does not include the
employing broker business name
Broker Bart of Jackson Powers Realty places this ad for a listed property on his website:
" move-in ready condo in trendy Eagle Tower. Contact Bart at jprealty.com to schedule a
showing." This ad violated the Commissioner's Rules
A. True
B. False - correct answer True
As long as the ad includes the name of the broker, it is not a blind ad. In this case,
though, simply including the contact information of the broker - whether it is a post
office, box number, telephone number, street address, Internet, web address, or email
address - it's not enough, if the brokerage company name is not included. This, too,
would be a prohibited, blind ad, whether it's printed, broadcasted, or on the Internet.
, Licensee Lori has had great success advertising her listing on Facebook and Instagram.
Such post on social media platforms are not required to include Lori's brokerage
company name.
A. True
B. False - correct answer false
Any advertising, even on social media platforms, must include the name of the
brokerage company
Which statement is true?
A. A real estate company's website must have the legal name of the brokerage
company on every webpage
B. A real estate companies website must have the designated brokers name on every
webpage
C. A salesperson may advertise a property with an ad that contains only the
salesperson's emails address
D. When advertising only services, not specific property, the brokerage company is not
required - correct answer A real estate company's website must have the legal name of
the brokerage company on every webpage
The brokerage name is required to be on every webpage. The other statements are
false.
Which of the following situations would require the "owner-agent" disclosure in an
advertisement? Select that apply
A. Associate broker Bettina is leasing rental property that she and her husband own
B. Broker Bob is leasing space in a strip mall, owned by an LLC in which he is an officer
C. Louie, whose license just expired, is selling his primary residence
D. Salesperson Bert is selling his vacation home - correct answer A. Associate broker
Bettina is leasing rental property that she and her husband own
B. Broker Bob is leasing space in a strip mall, owned by an LLC in which he is an officer
D. Salesperson Bert is selling his vacation home
