Article 2: licensing

Question 1

A physical location separate from a brokers main office that is used by license used to meet or consult with clients or customers on a regular basis

Answer 1

Branch office

Question 2

A term not to exceed 30 days during which a licensee employed by the broker or another Designated broker may act on that brokers behalf

Answer 2

Brokers temporary absence

Question 3

A specified number of hours of approved education required for license used to complete during each renewal. In order to maintain a valid license

Answer 3

Continuing education

Question 4

The principal broker who is responsible for the acts of all licensees under their license. In Arizona, each real estate company has one of these

Answer 4

Designated broker

Question 5

An entity license by the Arizona department of real estate to operate a brokerage business

Answer 5

Employing broker

Question 6

A person licensed under the laws of the state to transact real estate business on behalf of another acting as an agent. In Arizona this person must have three years of experience

Answer 6

Real estate broker

Question 7

A person license by the Arizona department of real estate who is associated with and works on behalf of a designated broker

Answer 7

Real estate salesperson

Question 8

A license issued to a spouse, next of Ken, or other responsible individual, or to an employee of a brokerage for the purpose of closing the business if the broker dies, is disabled, or is otherwise unable to perform

Answer 8

Temporary brokers license