License Law, ARS Title 32, Ch 20 Flashcards
1
Q
What type of broker is employed by another broker?
A
Associate Broker
2
Q
R.E. licenses expires the last day of the month after how many months?
A
24
3
Q
When a license expires, it is suspended?
A
False
4
Q
Renewal requires how many months of continuing education?
A
24 or 30 for designated broker
5
Q
An applicant for a RE license must pay their license fees within how many years of the date they passed the state exam.
A
1
6
Q
The RE Advisory Board consist of how many members? Who are they?
A
- 2 Subdividers, 3 public member that are not involved in real estate, and 5 real estate Brokers who gives advise to the RE Commissioner and annually evaluates Commissioner to the Governor
7
Q
The designated broker is the employing Broker. True or False?
A
False
