AZ Real Estate Licensing Course Session 1 Practice Questions and Answers

Note on Licenses Individuals who discuss price, terms or availability of a property must be licensed AZ Licensure Requirments 18 years of age Notes on activate license students have 1 year from passing the test to activate the license. after one year they will need to retake the state exam Real Estate License expires on the last day of the month in which the license was activated 2 years later How many hours of continuing education are required 24 hours in 24 months Grace period given to the agent when they did not renew their license or complete the required continuing education. one year from the date the license is expired. no further estate activity is permitted Individuals must be licensed to discuss Price, terms and availabilty If a student has completed the 90 hours education requirements and passed the school exam, the course hours are good for what time period 10 years Once a student has passed the state exam, how long do they have to activate the license 1 year How many hours of continuing education classes are required to renew a real estate license 24 hours How often is a real estate license renewed 2 years If a license was activated on March 17, 2014, what is the expiration date March 31, 2016 In order to sell real estate, an individual's license must be activated under a designated broker If the license is activated with the AZ Dept of Real Estate, the status is considered Inactive If a licensee does not take the 24 hours continuing education classes within the two year perios, they enter a period called grace period When a licensee is in the grace period their license is considered expired & inactived After the one year grace period, if the licensee has not take the 24 hrs of education, not paid their fees their license becomes terminated Brockage bringing buyers and sellers together in the marketplace for the purpose of completing real estate transactions commission the fee paid to the real estate agent price fixing fixing of commissions; illegal as part of the Sherman Anti-trust act What are neogotiable commissions