Arizona Real Estate License Arizona Real Estate Statutes 3

Question 1

Under Arizona law, what document must a broker provide to a buyer detailing material facts about a resale home?

Accepted Answer

Seller's Property Disclosure Statement (SPDS)

Answer

The Seller's Property Disclosure Statement (SPDS) discloses material property facts to the buyer as required practice under Arizona statutes.

Question 2

How many continuing education hours must an Arizona salesperson complete each two-year renewal period?

Accepted Answer

24 hours

Answer

Arizona requires 24 hours of continuing education, distributed across mandated categories, per two-year renewal.

Question 3

Under A.R.S. §32-2153, which act is grounds for license suspension or revocation?

Accepted Answer

Substantial misrepresentation to a party

Answer

Substantial misrepresentation is a statutory ground for disciplinary action against a licensee.

Question 4

In Arizona, what is required before a subdivider may sell lots in a subdivision?

Accepted Answer

A public report from the Commissioner

Answer

The Commissioner must issue a public report for the subdivision before lots may be offered or sold.

Question 5

What Arizona tax document reports the sale price and is filed with the county recorder at closing?

Accepted Answer

Affidavit of Property Value

Answer

The Affidavit of Property Value records the sale price for county assessment purposes at recording.

Arizona Real Estate License Practice Test