AZ Quick Facts

Question 1

Arizona Facts:
- Arizona was the ______ State admitted to the Union.

Answer 1

48th

Question 2

Arizona Facts:
- Arizona ______ Gives Powers to the Commissioner of the Real Estate Department to create, draft, edit and modify CODES that pertain to Licensed Agents.

Answer 2

Constitution

Question 3

Arizona Facts:
- ______ of the States Constitution it gives powers to licensed agents to edit, draft, modify, or create real estate contracts (no need for attorneys).

Answer 3

Article 26 (Article XXVI)

Question 4

Arizona Facts:
- ______ governs and regulates the Real Estate industry.

Answer 4

Arizona Revised Statutes:
Title 32, Chapter 20

Question 5

Arizona Facts:
- Arizona recognizes both ________ as well as Common Law in real estate practice.

Answer 5

Case Law (Statutory)

Question 6

ADRE, the Commissioner and the Advisory Board (Arizona Dept of Real Estate):
- Main Mission of ADRE and the __________ is to PROTECT THE PUBLIC.

Answer 6

Commissioner

Question 7

ADRE, the Commissioner and the Advisory Board (Arizona Dept of Real Estate):
- The __________ of the Department is APPOINTED by the Governor and SERVES at the Governor’s Pleasure. They can also be changed at the Governor’s will or discretion.

Answer 7

Commissioner

Question 8

ADRE, the Commissioner and the Advisory Board (Arizona Dept of Real Estate):
- Commissioner must have a varied experience in Real Estate and Administrative Backgrounds
including 5 years’ experience in __________ and 3 years’ experience in __________.

Answer 8

Real Estate
Administration

Question 9

ADRE, the Commissioner and the Advisory Board (Arizona Dept of Real Estate):
- There are multiple division inside of ADRE including: Admin, Auditing, Licensing, Education,
Subdivisions, Investigations etc.

Question 10

ADRE, the Commissioner and the Advisory Board (Arizona Dept of Real Estate):
- Advisory Board is a 10 member board designed to oversee, aid and assist the commissioner in the general plan of ADRE

Question 11

ADRE, the Commissioner and the Advisory Board (Arizona Dept of Real Estate):
- Board Members are APPOINTED by Governor and have different backgrounds (from different
parts of AZ also), serve 6-year terms, must meet at least QUARTERLY and are NOT paid

Question 12

ADRE, the Commissioner and the Advisory Board (Arizona Dept of Real Estate):
- Arizona recognizes both Case Law (Statutory) as well as Common Law in real estate practice