Real Estate: LAW

Question 1

Article XXVI

Answer 1

Arizona constitution grants brokers and agents authority to prepare instruments incident to property transactions.

Question 2

Arizona Revised Statutes Title 32, Chapter 20

Answer 2

Governs the real estate profession and activities.

Question 3

Arizona Administrative Code

Answer 3

Commissioner’s rules: They carry the force of law without being the law and are enforced by the Arizona Department Of Real Estate.

Question 4

Arizona Department of Real Estate(ADRE)

Answer 4

• Overseeing licensee activities
• Investigating complaints
• Participating in hearings regarding licensee conduct
  Approving pre- licensing and continued education.

Question 5

Constitutional Law

Answer 5

Law regarding the role of the Supreme Court and its authority regarding the president, Congress, and the states.

Question 6

Statutory Laws

Answer 6

Laws created by statute

Question 7

Administrative Law

Answer 7

Law related to the legal process; enacted by administrative agencies; which are governmental bodies of the city, county, state, OR federal government.

Question 8

Case Law

Answer 8

Law established by court decisions; can be used to modify or overturn other sources of law

Question 9

Arizona Revised Statutes

Answer 9

Laws enacted by the arizona state legislature; may not violate the federal or state constitution or federal law

Question 10

Arizona Administrative Code

Answer 10

Aka commissioner’s rules; the official publication of arizona’s codified rules that carries the force of law without actually being law

Question 11

Substantive policy statements

Answer 11

Clarify the Department of Real Estate’s current approach to a specific rule or regulation.