General License Requirement/Advertising Flashcards
When a salesperson advertises on a website, the
a. employing broker’s name needs to appear on on the homepage
b. “ ” must appear on all web pages
c. franchise name, if applicable, must appear only on the homepage
d. employing broker’s name does not need to be advertised
B.
According to the AZ Commissioner’s Rules, all are true except
a. an ad for another broker’s listing must display the listing broker’s name
b. all ad must include the employing broker’s name in some manner
c. when a licensee is marketing his own prop for sale or lease, the ad must include “owner-agent”
d. licensees must have an owner’s written permission to place a sign on a property
B.
The following require the use of the term “owner-agent” in ads except when
a. the listing agent is a member of the LLC that owns the property
b. an owner-licensee’s license is on inactive status
c. the owner-licensee’s license has expired
d. a licensee is offering his/her prop for rent
C.
If an associate broker has been authorized to perform designated broker functions and manage transactions in the office, which would be illegal
a. reviewing and initialing contracts
b. hiring salespersons
c. severing other associate brokers
d. receiving commissions directly from sellers
D.
A licensee buys a domain name for a website to advertise their real estate listings. It must be approved by the
a. broker
b. ADRE
c. RE Commissioner
d. corporation commissioner
A.
What must appear on a RE for sale sign
a. company name
b. company name and phone #
c. company name, phone # and address
d. Agent’s name and phone #
A.
How many real estate brokers may a licensee work for at the same time in arizona
a. one at a time
b. two, w/ department approval
c. two, if he declares he is inactive
d. two, if one is a property manager
A.
The Real Estate Commissioner’s Rules
a. have the force and effect of the law on licenses
b. are enacted by legislation
c. are part of the ARS
d. are part of statutory real estate law
A.
If a verbal offer is made by a buyer
a. the listing agent must inform the seller but not counsel the seller how to respond
b. the listing agent may refuse the offer
c. the seller should be informed and then instruct the agent how to respond
d. the buyer’s agent is violating Commissioner’s Rules by tendering a verbal offer
C.
Which situation requires disclosure of a licensee’s compensation to the client
a. a salesperson receives her share of commission from her broker
b. an out of state broker is paid a referral fee by an AZ broker
c. an associate broker’s commission check is written by the escrow company but given to the licensee’s broker for disbursement
d. a brokerage company representing a buyer pays a commission directly to the company’s licensed salesperson
C.
How long does a licensee have to inform the RE Commissioner after being convicted of a felony
a. 3 days
b. 5 days
c. 7 days
d. 10 days
D 10
Another office has a listing on a property a salesperson wishes to show to a prospect. The salesperson should
a. call the RE Commissioner
b. wait until the listing expires
c. obtain permission from the listing broker to show the property
d. show the prospect the property and then call the owner for a listing
C.
The rules of the RE Commissioner:
a. are in the AZ Constitution
b. are part of the AZ Administrative Code
c. are statutory
d. are irrelevant to licensees w/ inactive licenses
B.
If an agent owes fiduciary duties to the client, what duties does the client owe to the agent
a. compensation, indemnification, and performance
b. cooperation, confidentiality, and correction
c. honesty, disclosure, and insurance
d. information, independence, and inspection
A .
While making a listing presentation to a seller, a licensee is also considering purchasing the property. In this situation, does the agent need to disclose their intentions to the seller? Why or Why not?
a. no, bc there is no need to discuss personal issues w/ the seller
b. no, bc the licensee is not yet the seller’s agent
c. yes, bc it may have an impact on the owner’s decision to list w/ the agent
d. yes, bc it is req’d by the statute of frauds
C.
