| Completion of this class requires that you answer at least 80% of the questions correctly. |
|
|
1) |
A real estate licensee is required to renew his/her real estate license every 4 years, but must take 24 hours of continuing education every:
|
|
|
|
a.
1 year
|
|
b.
2 years
|
|
c.
3 years
|
|
d.
4 years
|
|
|
2) |
A buyer is required by the Arizona Department of Real Estate to receive and have time to read the disclosure report:
|
|
|
|
a.
Prior to signing the contract
|
|
b.
After signing the contract
|
|
c.
Before close of escrow
|
|
d.
At time of closing
|
|
|
3) |
Real estate licensees are subject to the rules of advertising contained in our Fair Housing laws. This includes the requirement to:
|
|
|
|
a.
Place the Equal Housing Opportunity logo on print advertising
|
|
b.
Use the spoken words “Equal Housing Opportunity” on all radio advertising
|
|
c.
Both a and b
|
|
d.
Fair Housing laws only apply to national companies
|
|
|
4) |
All salesperson and associate broker license certificates must be:
|
|
|
|
a.
On file in the designated broker’s office
|
|
b.
Readily Available
|
|
c.
Displayed on the wall of the designated broker’s off
|
|
d.
a. and b.
|
|
|
5) |
If Susan Smith is the designated broker for Blue Sky Homes, the signage at the entrance to her place of business must read:
|
|
|
|
a.
Blue Sky Home
|
|
b.
Blue Sky Homes – Susan Smith Designated Broker
|
|
c.
Susan Smith Designated Broker
|
|
d.
None of the above
|
|
|
6) |
The broker must review and initial purchase contracts within:
|
|
|
|
a.
24 hours
|
|
b.
5 days
|
|
c.
48 hours
|
|
d.
3 days
|
|
|
7) |
On ABC Home’s website, the ABC Home’s name must appear:
|
|
|
|
a.
On the home page only
|
|
b.
Next to the listings
|
|
c.
Is not necessary
|
|
d.
On every page of the website
|
|
|
8) |
If a homebuilder has not received a final disclosure report from the Arizona Department of Real Estate, the homebuilder may sell under a conditional exemption as long as:
|
|
|
|
a.
The buyer is aware that the final has not been issued yet
|
|
b.
The buyer can cancel and receive all earnest money back upon reading the final disclosure report
|
|
c.
No earnest money is required with the contract
|
|
d.
Conditional sales are illegal
|
|
|
9) |
The Disclosure report contains information on:
|
|
|
|
a.
Trust accounts
|
|
b.
Misrepresentation lawsuits
|
|
c.
Information about a subdivision
|
|
d.
Sex offenders, ghosts, and suicides
|
|
|
10) |
A broker is required to specify in a real estate purchase contract: |
|
|
|
a.
The type of earnest money received
|
|
b.
The amount of his commission
|
|
c.
The amount of the appraisal
|
|
d.
The designated broker’s license number
|
|
|
|
|
