Arizona Real Estate Study Cards Questions With Complete
Solutions
A brokerage Correct Answers the business of bringing buyers
and sellers together in the marketplace for a commission.
A corporation, limited liability company or partnership applying
for an Entity License must designate a Designated Broker, who
must already be licensed as a broker. Correct Answers True
A licensed salesperson referred a buyer to an out of state broker
who agreed to pay a commission for the referral. The licensed
salesperson would be paid by: Correct Answers his broker
A licensee in the employ of a broker may be named to act in
place of the designated broker when the designated broker is
unable to act within: Correct Answers 24 hours
A licensee must maintain on file with the commissioner their
business and home addresses and notify the commissioner of
any change within: Correct Answers 10 working days
A licensee who acts as the broker for a corporation is a: Correct
Answers Designated broker
A licensee who acts as the broker for a corporation is: Correct
Answers the designated broker
A real estate brokerage can have more than one licensed broker
serving as the designated broker. Correct Answers False
, A real estate license is generally not required for an individual
managing 10 properties for an owner who pays a management
fee to the individual. Correct Answers False
A real estate licensee who is a partner in a partnership and who
acts as the principal broker for the firm is called: Correct
Answers the designated broker
A real estate salesperson is defined as any person who for
another and for compensation: Correct Answers -rents real
estate
-attempts to rent real estate
-negotiates the sale of real estate
-purports to be engaged in the real estate brokerage business.
A real estate salesperson MUST comply with all of the
following EXCEPT: Correct Answers a. accept a position as
the branch manager for the employing broker at the broker's
branch office
b. complete at least 24 hours of continuing education every
license renewal period.
c. take all listings in writing and in the name of the employing
broker
d. disclose position as a licensee when purchasing or selling
property on the licensee's behalf
A right, privilege or improvement that belongs to and pass with
a parcel of real estate is known as a: Correct Answers
appurtenance
Solutions
A brokerage Correct Answers the business of bringing buyers
and sellers together in the marketplace for a commission.
A corporation, limited liability company or partnership applying
for an Entity License must designate a Designated Broker, who
must already be licensed as a broker. Correct Answers True
A licensed salesperson referred a buyer to an out of state broker
who agreed to pay a commission for the referral. The licensed
salesperson would be paid by: Correct Answers his broker
A licensee in the employ of a broker may be named to act in
place of the designated broker when the designated broker is
unable to act within: Correct Answers 24 hours
A licensee must maintain on file with the commissioner their
business and home addresses and notify the commissioner of
any change within: Correct Answers 10 working days
A licensee who acts as the broker for a corporation is a: Correct
Answers Designated broker
A licensee who acts as the broker for a corporation is: Correct
Answers the designated broker
A real estate brokerage can have more than one licensed broker
serving as the designated broker. Correct Answers False
, A real estate license is generally not required for an individual
managing 10 properties for an owner who pays a management
fee to the individual. Correct Answers False
A real estate licensee who is a partner in a partnership and who
acts as the principal broker for the firm is called: Correct
Answers the designated broker
A real estate salesperson is defined as any person who for
another and for compensation: Correct Answers -rents real
estate
-attempts to rent real estate
-negotiates the sale of real estate
-purports to be engaged in the real estate brokerage business.
A real estate salesperson MUST comply with all of the
following EXCEPT: Correct Answers a. accept a position as
the branch manager for the employing broker at the broker's
branch office
b. complete at least 24 hours of continuing education every
license renewal period.
c. take all listings in writing and in the name of the employing
broker
d. disclose position as a licensee when purchasing or selling
property on the licensee's behalf
A right, privilege or improvement that belongs to and pass with
a parcel of real estate is known as a: Correct Answers
appurtenance
