Arizona Real Estate License Arizona Real Estate License 1 — Questions and Answers
Question 1: How many hours of continuing education must an Arizona real estate salesperson complete during each two-year license renewal period?
- 12 hours
- 18 hours
- 24 hours (Correct answer)
- 36 hours
Correct answer: 24 hours
Arizona requires 24 hours of continuing education per two-year renewal cycle, including 3 mandatory hours of Commissioner's Standards. Failure to meet this requirement results in license expiration.
Question 2: In Arizona, how many hours of pre-licensing education must an applicant complete before sitting for the real estate salesperson license exam?
- 45 hours
- 60 hours
- 90 hours (Correct answer)
- 120 hours
Correct answer: 90 hours
Arizona requires 90 hours of approved pre-licensing education for salesperson applicants before they are eligible to take the state licensing examination administered by PSI.
Question 3: Under Arizona law, within how many banking days must a real estate broker deposit earnest money or other trust funds received on behalf of a client?
- 1 banking day
- 2 banking days
- 3 banking days (Correct answer)
- 5 banking days
Correct answer: 3 banking days
Arizona Administrative Code requires brokers to deposit trust funds, including earnest money, into a trust account within three banking days of receipt to protect client funds and ensure proper accounting.
Question 4: What document is a seller of a residential property in Arizona required to provide to the buyer disclosing the known physical condition of the property?
- Material Facts Affidavit
- Seller's Property Disclosure Statement (SPDS) (Correct answer)
- Property Condition Report (PCR)
- Transfer Disclosure Form (TDF)
Correct answer: Seller's Property Disclosure Statement (SPDS)
The Seller's Property Disclosure Statement (SPDS) is the Arizona-specific form sellers must complete to disclose known material facts about a property's condition, systems, and any defects to potential buyers.
Question 5: A newly licensed real estate salesperson in Arizona must work under the supervision of which of the following?
- Any licensed real estate agent with at least five years of experience
- A designated broker holding an active Arizona broker license (Correct answer)
- Another salesperson who holds a real estate instructor certificate
- The Arizona Department of Real Estate directly
Correct answer: A designated broker holding an active Arizona broker license
Arizona law requires all salesperson licensees to be employed by and work under a designated broker. The designated broker is legally responsible for supervising the salesperson's real estate activities.
Question 6: Which fingerprint clearance card is required as part of an Arizona real estate license application, and which state agency issues it?
- A federal clearance card issued by the FBI
- A clearance card issued by the Arizona Department of Real Estate (ADRE)
- A clearance card issued by the Arizona Department of Public Safety (DPS) (Correct answer)
- A background verification letter issued by the Arizona Attorney General
Correct answer: A clearance card issued by the Arizona Department of Public Safety (DPS)
Arizona real estate license applicants must obtain a fingerprint clearance card issued by the Arizona Department of Public Safety (DPS). This card is submitted with the license application to verify the applicant has no disqualifying criminal history.
Arizona Real Estate License Arizona Real Estate License 1
How many hours of continuing education must an Arizona real estate salesperson complete during each two-year license renewal period?