Arizona Real Estate License Arizona Real Estate License 1

Question 1

How many hours of continuing education must an Arizona real estate salesperson complete during each two-year license renewal period?

Accepted Answer

24 hours

Answer

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?

Accepted Answer

90 hours

Answer

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?

Accepted Answer

3 banking days

Answer

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?

Accepted Answer

Seller's Property Disclosure Statement (SPDS)

Answer

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?

Accepted Answer

A designated broker holding an active Arizona broker license

Answer

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.

Arizona Real Estate License Practice Test

Arizona Real Estate License Practice Test

Arizona Real Estate License Arizona Real Estate License 1