A temporary broker's license may be issued to the spouse of a deceased broker in
order to allow the company to
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wind down existing business
The type of accounting principles a broker must use is called
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GAAP: generally accepted accounting principles.
,A broker is required to keep records for a MINIMUM of how many years from the
termination of a transaction
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5 years
Contracts must be reviewed and initialed by the broker within __ ___ of execution. I
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10 business days
A branch office must be managed by a
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licensed salesperson or broker
The four duties of the Real Estate Commissioner are
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, __ Promulgate Commissioner's Rules _________
__ Investigate complaints against licensees _____
__ Manage the AZ Department of Real Estate ___
__ Audit books & records of licensees _________
The rules of the Real Estate Commissioner:
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have the force and effect of law
The duties of the Commissioner include all of the following EXCEPT
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revoking the license of an agent when a complaint of fraud has been filed
The Commissioner must investigate a licensee
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Upon receipt of a written complaint
A person conducting a real estate auction _______ _________ be licensed
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order to allow the company to
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wind down existing business
The type of accounting principles a broker must use is called
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GAAP: generally accepted accounting principles.
,A broker is required to keep records for a MINIMUM of how many years from the
termination of a transaction
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5 years
Contracts must be reviewed and initialed by the broker within __ ___ of execution. I
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10 business days
A branch office must be managed by a
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licensed salesperson or broker
The four duties of the Real Estate Commissioner are
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, __ Promulgate Commissioner's Rules _________
__ Investigate complaints against licensees _____
__ Manage the AZ Department of Real Estate ___
__ Audit books & records of licensees _________
The rules of the Real Estate Commissioner:
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have the force and effect of law
The duties of the Commissioner include all of the following EXCEPT
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revoking the license of an agent when a complaint of fraud has been filed
The Commissioner must investigate a licensee
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Upon receipt of a written complaint
A person conducting a real estate auction _______ _________ be licensed
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