Arizona Real Estate License FREE Arizona Real Estate License Agency Relationships and Duties Questions and Answers 2

Question 1

Under Arizona law, when must a real estate broker provide an agency disclosure to a prospective client?

Accepted Answer

At the first substantive contact

Answer

At the time of contract signing

Answer

After the inspection period

Answer

Only if the client requests it

Question 2

A designated broker in Arizona assigns two different agents to represent the buyer and seller in the same transaction. What is this arrangement called?

Accepted Answer

Designated agency

Answer

Dual agency

Answer

Sub-agency

Answer

Transaction brokerage

Question 3

Which duty does an Arizona real estate agent owe to ALL parties in a transaction, regardless of whom they represent?

Accepted Answer

Honest dealing and fair treatment

Answer

Full fiduciary loyalty

Answer

Advocacy in negotiations

Answer

Disclosure of the client's motivations

Question 4

An Arizona buyer's agent learns that the seller is facing foreclosure and is highly motivated to sell quickly. What should the agent do with this information?

Accepted Answer

Disclose it to the buyer client since it is a material fact

Answer

Keep it confidential because it was told in confidence

Answer

Share it only if the seller authorizes disclosure

Answer

Report it to the Arizona Department of Real Estate

Question 5

In Arizona, what happens to the agency relationship if a broker's license is suspended?

Accepted Answer

All agency relationships under that broker are terminated

Answer

The agents can continue under their own licenses

Answer

The relationships transfer to the Arizona Department of Real Estate

Answer

The relationships are paused until reinstatement

Question 6

Which of the following is NOT a fiduciary duty owed by an Arizona real estate agent to their client?

Accepted Answer

Guaranteeing the property will appreciate in value

Answer

Loyalty to the client's interests

Answer

Confidentiality of client information

Answer

Obedience to lawful instructions