AZ Real Estate study guide
AZ Real Estate · Work through your exam, one topic at a time.
The Arizona real estate salesperson credential is issued through the Arizona Department of Real Estate (ADRE), the state agency that oversees licensing, education providers, subdivision public reports, and enforcement activity for the real estate industry. The licensing examination is the knowledge assessment a candidate must clear as part of that licensing process, and it is built around Arizona-specific law rather than general national practice. The AZ Real Estate study guide has 6 sections and about 2,103 words.
01Arizona Real Estate Statutes, Rules, and Commissioner's Rules
Arizona real estate is governed by statutes in A.R.S. Title 32, Chapter 20 (the license law, beginning at §32-2101) and by the Commissioner's Rules in the Arizona Administrative Code, Title 4, Chapter 28.
349 words, about 2 min02Licensing and Regulation of Licensees
A salesperson must be at least 18, honest and truthful, complete the required prelicensing education, pass the exam, and be hired by a licensed broker. The license belongs to the individual but is registered with the employing broker; a licensee cannot practice while inactive or expired.
363 words, about 2 min03Agency Relationships and Disclosure
In Arizona the brokerage is the agent and the salesperson acts on the broker's behalf. A written employment agreement creates the relationship.
344 words, about 2 min04Real Estate Contracts and Contract Law
Arizona's statute of frauds (A.R.S. §44-101) requires land contracts and listings to be in writing and signed by the party to be charged.
350 words, about 2 min05Financing, Closing, and Settlement
A loan is evidenced by a promissory note (the promise to pay) and secured by a deed of trust or mortgage. Arizona lenders typically use deeds of trust, which allow non-judicial foreclosure through a trustee's sale after statutory notice.
341 words, about 2 min06Property Ownership, Land Use, Valuation, and Property Management
Title may be held in severalty, tenancy in common, joint tenancy, community property, or community property with right of survivorship. Arizona is a community property state, and separate property can be converted by agreement.
356 words, about 2 min