(Green Packet) Questions With Correct
Answers
Moving out of a property WILL terminate a: Homestead
The real estate commissioner is responsible for: Formulating the rules and regulations
When a listing agent cannot be reached within 24 hours, the selling agent must: Get
written permission from the seller before presenting the offer
In Arizona, real estate commissions are established by: Negotiations only
The maximum paid from the recovery fund per single transaction is: $30,000
The right to use the water adjacent to a stream is called: Riparian rights
The homestead exemption in Arizona is: $150,000
Arizona property taxes are figured based on: Ad valorem
When a licensee leaves a brokerage house, their license goes back to: The state