Exam (elaborations)
ASREB Session 16 Questions and Answers
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Exam of 9 pages for the course ASREB at ASREB (ASREB Session 16)
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ASREB Session 16The duties of the Real Estate Commissioner include :
A. overseeing the activities of local real estate boards
B. overseeing the distribution of brokers commissions
C. prescribing rules
D. appointing the Real Estate Advisory Board - answerc
The Real Estate Commissioner is appointed by the :
A. Governor
B. Legislature
C. Board of Realtors
D. Senate only - answera
When a written and verified complaint has been made against a licensee , the
Commissioner :
A. must investigate the charge
B. must suspend the license pending a hearing
C. need not act until there are at least 3 complaints against the licensee
D. will assess a $ 500 fine against the licensee . - answera
The duties of the Commissioner include all of the following EXCEPT :
A. inspecting the books and records of licensees
B. hiring and firing employees of the Real Estate Department
C. investigating complaints made against a licensee
D. revoking the license of an agent when a complaint of fraud has been filed - answerd
What clarifies ADRE's position on statutes or rules ?
A. Substantive Policy Statements
B. Arizona Revised Statutes
C. Arizona Administrative Code
D. Case law - answera
The basic purpose of real estate laws and regulations is to :
A. protect the broker and salespeople
B. protect the public
C. control the broker and salespeople
D. protect the escrow - answerb
A salesperson is legally allowed to :
A. advertise the property for sale in the salesperson's name
B. act as agent for the seller
, C. close a pending transaction
D. accept a listing on behalf of the broker - answerd
Article 26 of Arizona's constitution prohibits licensees from performing all the following
practices EXCEPT :
A. preparing purchase contracts for buyers and sellers whom the licensee does not
represent
B. charging a flat fee for negotiating an offer for a buyer the licensee represents C.
acting as a paid facilitator between parties to a lease
D. completing contracts between an unrepresented buyer and FSBO seller for a
commission - answerb
Which of the following is true ? The Arizona Department of Real Estate :
A. audits broker's trust accounts
B. enforces the Arizona Residential Landlord and Tenant Act
C. investigates fair housing violations
D. enforces commission disputes between brokers - answera
The Commissioner has the power to do all of the following EXCEPT :
A. prescribe rules and regulations
B. investigate verified written complaints C. examine office records
D. create real estate statutes - answerd
Who is responsible for formulating the Rules and Regulations in Arizona ?
A. State Legislature
B. Advisory Board
C. Real Estate Commissioner
D. Attorney General - answerc
12. Who advises the Commissioner on legal matters ?
A. The legislature
B. The Attorney General
C. The Advisory Board
D. The Commissioner's spouse - answerb
Which of the following complaints against a licensee would the Arizona Department of
Real Estate investigate ?
A. Landlord - tenant disputes
B. Homeowners ' association disputes
C. Commission disputes between brokers D. Trust account complaints - answerd
Arizona Real Estate Law states that the Real Estate Commissioner may do each of the
following EXCEPT :
A. investigate a written and verified complaint made against a licensee
B. have five years ' experience in real estate , title insurance , or banking industry in
order to be appointed to the position
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